Global Basketball Stand Market Overview:
Basketball stand is the equipment on which the basket with net and backboard are attached. These are available in different heights. Regulation basketball hoops are above 10 feet from the playing surface and has a standard rim diameter of 18”. Other equipment used in basketball includes hoop, backboard, score board and court equipment. Further, the basketball stands are made of materials such as metal.
Growth Drivers
- Rising Popularity of Basketball among Children
- Increasing Promotion of Sports by Government
Roadblocks
- High Costs of Manufacturing of Basketball Stands may hamper the Market
Opportunities
- Increasing Disposable Income among the Individuals
Challenges
- Increasing Prices of Raw Materials
Competitive Landscape:
Some of the key players profiled in the report are EC21 Inc. (South Korea), Lifetime (United States), Schelde Sports (United States), Shenzhen LDK Industrial Co., Ltd (China), Russell Brands, LLC (United States), Pro Dunk Hoops (United States), Home court hoops (United States), First team Inc. (United States) and Bison Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Electric hydraulic basketball stand, Mobile Single Arm Basketball Stands and Other. Analyst at AMA Research see United States Vendors to retain maximum share of Global Basketball Stand market by 2027. Considering Market by Portability, the sub-segment i.e. Movable will boost the Basketball Stand market. Considering Market by Distribution channel, the sub-segment i.e. Online will boost the Basketball Stand market.
Latest Market Insights:
In May 2019, Bison capital has announced the business combination with Xynomic pharmaceuticals Inc.
What Can be Explored with the Basketball Stand Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Basketball Stand Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Basketball Stand
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Basketball Stand market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Basketball Stand market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.