Dublin, 22 March 2021 (GLOBE NEWSWIRE) – Added to the report “Smart Sports Equipment – Global Market Trajectory & Analytics” ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Smart Sports Equipment is expected to reach US $ 2.3 Billion in the year 2020, a revised volume of US $ 3.6 Billion by 2027, growing at a CAGR of 6.7 % over the 2020-2027 period analysis.
Golf Sticks, one of the divisions examined in the report, is expected to record a 6% CAGR and reach US $ 1.1 Billion by the end of the review period. Following an early study of the industrial impacts of the pandemic and the economic crisis it has triggered, growth in the Members ’segment has read to a revised CAGR of 8.1% for the next 7-year.
The U.S. Market is estimated at $ 668.7 Million, while China is expected to grow at 6.3% CAGR
The US Smart Equipment market is estimated to reach $ 668.7 Million in the year 2020. China, the second largest economy in the world, is expected to reach a projected market size of US $ 625.7 Million by the year 2027 slows a CAGR of 6.3% over the study period 2020 to 2027. Other geographic markets include Japan and Canada, all expected to grow at 6.2% and 5.4% respectively over the period 2020-2027. Within Europe, Germany is expected to grow at around 5.5% CAGR.
Items of racks & bats to record 7% CAGR
In the global Rackets & Bats sector, the US, Canada, Japan, China and Europe lead the 7.1% CAGR estimated for this sector. Those regional markets that account for a US unified market size of $ 400.1 Million in the year 2020 will reach a projected size of US $ 644.7 Million by the end of the study period. China will remain among the fastest growing in this group of regional markets. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US $ 411.1 Million by the year 2027.
Select Competitors (Total 35 published):
- Adidas AG
- Amer Sports
- Babolat VS SA
- Golfsmith International Holdings Inc.
- Gridiron Technologies LLC
- HockeyShot Inc.
- Corporal MIZUNO
- Nike, Inc.
- Puma SE
- Riddell Sports Group
- Under Arms, Inc.
- Wilson Sporting Goods Company
- Zepp Labs Inc.
Key topics covered:
I. METHODOLOGY
II. SUMMARY
1. OVERVIEW
- Influence market outlook
- World Market Tours
- Covid-19 impact and global economic downturn
- Global competitive market shares
- World market position of smart sports equipment competitors worldwide (in%): 2020E
- Global competitive market shares by category
2. A WORD ON SELECT PLANS
3. MARKET RESULTS & DRIVERS
4. GLOBAL MARKET VIEW
III. MARKET ANALYSIS
IV. TABLE
- Total Companies Profile: 35
For more information about this report, visit https://www.researchandmarkets.com/r/37guqm