Tag: Equipment

Sports Equipment and Apparel Market is estimated to surge at a CAGR of 8.3% to reach US$ 930.5 Billion by 2031

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Sports Equipment and Apparel

Rise in popularity of sport and fitness activities among the youth propels the overall sports equipment and apparel market growth.

PORTLAND, OREGON, UNITED STATES, February 13, 2023 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Sports Equipment and Apparel Market,” The sports equipment and apparel market was valued at $340.6 billion in 2020, and is estimated to reach $930.5 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031.

Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/4618

Sports equipment are utility devices or tools useful for engaging in sports activity. Similarly, sports apparel is useful for boosting the sports performance with required comfort. Increase in fitness consciousness among consumers and rapid rise in per capita disposable income are expected to boost demand for sports equipment and apparels. In addition, trend of sports apparel among young sports enthusiasts and advancements in formulation of sports equipment fuel the market growth. However, decline in participation of the young generation in sports activity hampers the market growth.

Moreover, increase in interest of consumers in leisure activities other than sports such as movies, musical concerts, virtual gaming, and others restrains the growth of the market. Conversely, increase in participation of various organizations in donation of these equipment and apparel to emerging sport enthusiasts and athletes with poor financial background is anticipated to provide lucrative sports equipment and apparel market opportunities. For instance, Sports Gift, Let’s Play It Forward, Global Sports Foundation, and One World Play Project are some of the well-known organizations that support the sports equipment donation process. Thus, rise in distribution of sports equipment and apparel through online retail platform is anticipated to boost the sports equipment and apparel market growth in near future.

The market for

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In-the-water sports equipment market size is expected to grow by USD 5.78 billion from 2021 to 2026: A descriptive analysis of five forces model, market dynamics, and segmentation

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NEW YORK, Feb. 9, 2023 /PRNewswire/ — According to Technavio, the global in-the-water sports equipment market size is estimated to grow by USD 5.78 billion from 2021 to 2026. The market is estimated to grow at a CAGR of 3.91% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 45% of the market’s growth during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on market size, request a sample report

Technavio has announced its latest market research report titled Global In-the-Water Sports Equipment Market

In-the-water sports equipment market – Five forces
The global in-the-water sports equipment market is fragmented, and the five forces analysis covers–

  • Bargaining power of buyers

  • The threat of new entrants

  • Threat of rivalry

  • Bargaining power of suppliers

  • Threat of substitutes

  • For an interpretation of Porter’s five forces model – Buy the report!

In-the-water sports equipment market – Customer landscape

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

In-the-water sports equipment market – Segmentation assessment

Segment overview
Technavio has segmented the market based on product (sports gear and sports apparel), type (swimming, water aerobics, and water polo), and distribution channel (offline and online).

  • The sports gear segment will account for a significant share of the market’s growth during the forecast period. The growth of this segment is attributed to factors such as the rising popularity of different types of water sporting activities and the reopening

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Dick’s Sporting Products expands made use of equipment trade-in events

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Dive Transient:

  • Following a series of trade-in events past year, Dick’s Sporting Goods has teamed up with SidelineSwap, the on the web marketplace for new and employed sporting products, to host 200 trade-in events in 19 states in the course of the initially 50 % of 2023, the retailer announced on Thursday. SidelineSwap’s industry experts will use the company’s trade-in software package and benefit manual to evaluate the worth of customers’ equipment at Dick’s stores.
  • States internet hosting trade-in functions include Pennsylvania, California, New Jersey, Illinois, Michigan and fourteen some others. Attendees can exchange their utilized sporting activities gear and gear for a gift card at the retailer, and they also have the alternative to donate some or all of their trade-in benefit to community sporting activities companies.
  • Shoppers whose things can’t be traded in can recycle or donate their things at the situations. On ordinary, attendees acquired $88 for their trade-ins during past year’s gatherings, the retailer reported.

Dive Perception:

Hoping to seize a piece of the multibillion-greenback market place for made use of things, Dick’s Sporting Products and SidelineSwap are increasing their partnership. 

Considering that its founding in 2015, SidelineSwap has aided shoppers get paid far more than $100 million from reselling equipment, in accordance to the press release. Partnering with Dick’s gives consumers a convenient place to trade in their equipment for store credit rating, Brendan Candon, CEO of SidelineSwap, stated in a statement. 

“With the start off of the spring sporting activities year approaching, this is a fantastic time for families to consider inventory of what they have and what they need to have,” Peter Land, chief sustainability and communications officer at Dick’s Sporting Products, claimed in a assertion. “SidelineSwap is a terrific husband or wife that’s supportive of our endeavours to make an

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Global Kids Sports Equipment and Accessories Market is Estimated to Reach Revenue of US$ 5.6 Bn by year 2032-end Attributing to Increased Enthusiasm Observed Amongst Children

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NEWARK, DE / ACCESSWIRE / December 5, 2022 / As per Future Market Insights (FMI), the global kids’ sports equipment and accessories market is anticipated to exhibit a positive growth outlook by registering a CAGR of 4.7% between 2022 and 2032. The global market is predicted to reach a valuation of US$ 3,518 Million in 2022 and surpass an estimation of around US$ 5,568.8 Million by the end of 2032.

Future Market Insights, Inc., Monday, December 5, 2022, Press release picture

The growth of the market is attributed to the rise in fitness and sports consciousness around the globe, along with an increase in expenses on sports education and development among children.

The global kids’ sports equipment and accessories market has witnessed exponential growth over the past few years by accounting for a sizable market share within the global sports equipment and accessories industry. The rising popularity of ball sports among children is surging the development of children’s sports apparel and accessories, and the widespread acceptance of the e-commerce retail industry are all optimistic factors influencing the global market.

Request a Report Sample to Gain Comprehensive [email protected] https://www.futuremarketinsights.com/reports/sample/rep-gb-1613

The United States is anticipated to dominate the global kids’ sports equipment and accessories market as it is expected to offer the greatest market opportunities during the forecast period from 2022 to 2032. North America is gaining maximum traction over the forecast years.

Key Takeaways

  • Ball sports such as football, soccer, and basketball among others are gaining maximum traction among children and their parents, being one of the significant drivers in the expansion of the market for children’s sports equipment and accessories. In addition to that, the vast number of athletic competitions and participatory tournaments organized by schools around the world is speculated to be increasing the consumption of sports equipment and

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Cherry SE acquires Swedish expert for e-sports equipment Xtrfy Gaming AB

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EQS-Information: Cherry SE / Important term(s): Mergers & Acquisitions
Cherry SE acquires Swedish expert for e-sports activities gear Xtrfy Gaming AB
14.12.2022 / 14:00 CET/CEST
The issuer is solely liable for the information of this announcement.

Cherry SE acquires Swedish specialist for e-sporting activities products Xtrfy Gaming AB

GAMING organization location reinforced with leading developer of significant-functionality peripherals for competitive avid gamers and e-sports activities fanatics

GAMING product portfolio selectively improved

Industry presence expanded in Europe (generally Nordic nations) and other strategic revenue areas

 

Munich, December 14, 2022 – Cherry SE [ISIN: DE000A3CRRN9] is growing its strategic aggressive place with the acquisition of a Swedish expert for e-sports machines. Cherry SE is to purchase all of the shares in Xtrfy Gaming AB, Landskrona (Sweden) and Crafted on Knowledge AB, Landskrona (Sweden) (alongside one another “Xtrfy”).

“With this acquisition we are broadening our entry to the escalating gaming and e-athletics group and bolstering our assets in the fields of item management and advertising, each by distributors and in the B2C enterprise,” commented Rolf Unterberger, CEO of Cherry SE. “In addition, we intend to leverage Xtrfy’s direct network in the global e-sports activities scene for the strategic expansion of our GAMING organization spot. We welcome the whole Xtrfy crew to our world-wide CHERRY family members and glimpse ahead to doing the job jointly to make our joint presenting of impressive, superior-quality gaming devices far more compelling than at any time.”

“We are delighted to have the possibility to turn out to be a vital component of CHERRY in the entire world of gaming with our solution portfolio, which is extremely regarded each in the e-sporting activities local community and by external testers, these as the world’s initially light-weight mouse with an ergonomic design and our customizable gaming keyboards,” included Joakim Jansson, CEO

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Football equipment market to record USD 2,021.66 million, Growth opportunities led my Adams and adidas AG

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NEW YORK, Dec. 15, 2022 /PRNewswire/ —

Football equipment market insights –


Technavio has announced its latest market research report titled Global Football Equipment Market 2023-2027
  • Vendors: 15+, including Adams, adidas AG, Amer Sports Corp., ASICS Corp., Baden Sports Inc., BasicNet Spa, Chogori India Retail Ltd., Diadora Spa, Douglas Pads, Franklin Sports Inc., hummel AS, Iconix International, JOMA SPORT SA, Lotto sport Italia Spa, and Mizuno USA among others
  • Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
  • Segments: Distribution channel, product, and geography

To understand more about the football equipment market, request a sample report

In 2017, the football equipment market was valued at USD 13,710.65 million. From a regional perspective, Europe held the largest market share, valued at USD 5,031.81 million in 2017. The football equipment market size is estimated to grow by USD 2,021.66 million from 2022 to 2027 at a CAGR of 2.59% according to Technavio.

Football equipment market – Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

  • Key purchase criteria
  • Adoption rates
  • Adoption lifecycle
  • Drivers of price sensitivity
  • For highlights on customer landscape analysis, download a sample!

Football equipment market – Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including –

  • Baden Sports Inc. – The company offers football equipment such as Q1B Composite Football.
  • Diadora Spa – The company offers football equipment such as Columbia Unisex On The Go 55L Duffle.
  • Douglas Pads – The company offers
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