Industry Background:
Water polo is refer as the sports played in water, and the instruments which are used over here are totally different from the similar kind of sports which is being played on the ground. Equipment such as ball, cap, Goalpost, Headgear and Mouth Guard, swimsuit are termed as the primary equipment which is being used in water polo, also this game is considered as one of the best workouts for the body as well
This growth is primarily driven by Rising demand for renewable and eco-friendly water polo suits and Growing interest for water tourism, which also includes in-the-water sports activities.
Globally, a noticeable market trend is evident Rising popularity in Olympics games
. The Consumer Goods sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Adidas (Germany), Mikasa (United States), Nike (United States), TYR (United States), Baden (United States), Billabong (Australia) and KAP7 (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
The FIVB and Mikasa Corporation have announced the extension of their partnership for another four years up to 2024. The agreement between the governing body for international volleyball and one of Japan’s leading manufacturers was signed on in a special ceremony, ahead of the dinner hosted by the FIVB and Mikasa for all delegates attending the 36th FIVB World Congress in Cancun, Mexico
The FIVB and Mikasa Corporation revealed the design of the new “V200W” indoor volleyball in a special ceremony
Market Drivers
- Rising demand for renewable and eco-friendly water polo suits
- Growing interest for water tourism, which also includes in-the-water sports activities
Market Trend
- Rising popularity in Olympics games
- Greater popularity of in-the-water sports
- Increase in the number of worldwide water pools
Restraints
- Stringent regulations on high-tech swimsuits
- Region wise religious restrictions on swimwear
- Lacking in the sponsorship and appeal in mass media
Opportunities
Technological advances in in-the-water sports equipment, Rising demand for eco-friendly water sports equipment and Growing consumer preference related to fitness
Challenges
Availability of substitutes for water polo swimsuits and Numerous presence of the substitutes for swimsuits
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Water Polo Equipment Study Sheds Light on
The Water Polo Equipment Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Water Polo Equipment industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Water Polo Equipment industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.