Tag: Million

Smart Sports Equipment Market to Hit US$ 1,655.1 Million by 2032: Fact.MR Report

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FACT.MR

Leveraging the Power of IoT in Sports & Fitness Industry to Lift the Market Growth

Rockville , May 17, 2023 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global smart sports equipment market is estimated at US$ 1,261.7 million in 2022 and is expected to expand at an impressive CAGR of 2.8% during the forecast years of 2022-2032.

Prolific growth in the sports sector and growing advancements in reshaping the landscape of the sports industry have a direct impact on the global sports equipment market. The use of smart sports gear help athletes of all level not only to track down their analytical parameters but also to assess their performance and enhance their sporting technique with minimal injuries associated. This, in turn, plays a key role in driving the sales of the target product.

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It is observed that many international matches are disturbed just because of a single wrong decision by the referee. However, the use of smart sporting goods provides fairer competition without any biases and also provides accurate decisions during the match which creates an incremental opportunity for the global smart sports equipment market to flourish.

According to Fact.MR, use of high-tech sports gear for talent identification and talent development to identify potential elite sports players will influence market players to manufacture smart sports equipment on a large scale which helps them to secure a prominent position in the market.

Key Takeaways from Market Study

  • The global smart sports equipment market is projected to expand at an impressive CAGR of 2.8% and be valued at US$ 1,655.1 million by 2032.

  • The market witnessed 2.7% CAGR for the period of 2017-2021.

  • Under product type, smart baseball bat dominates the market and are valued at

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Sports Robotic Kit Market Size To Surpass USD$ 1,424.2 Million by 2033; Exhibiting A CAGR of 13.6%

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FACT.MR

Sports Robotic Kit Market Analysis By Weight (Light Weight (Up to 20 Lbs), Middle Weight (21 – 40 Lbs), Heavy Weight (Above 40 Lbs)), By Sales Channel (Online Sales, Offline Sales), By End User (Individual, Institutes, Professional), and Region – Global Insights 2023 to 2033

Rockville, May 03, 2023 (GLOBE NEWSWIRE) — A 10-year projection from 2023 to 2033 is provided in Fact.MR’s recent study on the Sports Robotic Kit Market. Other details include significant market-shaping aspects including drivers, constraints, and opportunities. The market is segmented into product type, payload capacity, robot axes, application, end user, and region to make the information for a clear understanding of key trends.

Fact.MR – A Market Research and Competitive Intelligence Provider: According to Fact.MR, the global sports robotic kit market is likely to reach a valuation at US$ 397.9 million in 2023 and is expected to grow at a CAGR of 13.6% during the forecast years of 2023-2033. The increasing disposable income of the parents has created the demand for smart sports equipment for the kids.

Using robotics kits, students can work in teams to solve a problem or accomplish a common goal. This is a great way to improve teamwork skills. By bringing a variety of strengths, knowledge, and concepts to the problem-solving process, online learning creates opportunities. The need to rely on one another and the unique contribution made by considering various ideas enhance social and communication skills.

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The increased participation in STEM (Science, Technology, Engineering, and Mathematics) related activities is also influenced by a growing interest in robots and coding and programming. The majority of the robots host hands-on coding challenges that give students the chance to work together to solve real-world problems.

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FCA donates $1 million really worth of sporting equipment to Ukraine

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As the war battles on in Ukraine, one Kansas Town group is undertaking all it can to aid younger athletes in that place by donating far more than $1 million really worth of youth sports gear. Fellowship of Christian Athletes Ukraine National Director Sasha Aleksandrov is aware of the price of athletics in life. In fact, he loved participating in a good deal of them rising up in Western Ukraine.”I played basketball and truly wanted to enjoy professionally. I pretty much did it,” Aleksandrov reported. Which is why he required to be a part of the FCA’s procedure to obtain donated sports merchandise and get them to youthful athletes who require them in Ukraine.”So lots of of them misplaced the gear to use,” Aleksandrov explained. Earlier this week, additional than 40 pallets of just about any sports activities item imaginable arrived in Ukraine.”People just begin sending their devices, basketballs, soccer balls even footwear,” Aleksandrov explained.The pallets contained the vital components to enjoy approximately just about every key activity. “They’ve dropped so a great deal. There’s a large want of what the war has taken away,” Dan Britton with FCA reported. The FCA says it hopes the more than $1 million worthy of of sporting devices will encourage hope for younger athletes in Ukraine.”This is what we seriously have to have. This is what our state, our coaches want,” Aleksandrov claimed.He states the chance to engage in sports activities proper now in Ukraine is a nice distraction from the war about it.”Focus on opposition and enjoy with just about every other, and just have enjoyment,” Aleksandrov stated. The Fellowship of Christian Athletes at the moment has plans to assist coaches and athletes in much more than 100 international locations.

KANSAS Town, Mo. —

As the war battles on in Ukraine, 1

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Health and fitness and Leisure Sports activities Facilities Industry is predicted to attain a sizing really worth of US$ 113,116 Million by 2023

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Exercise and Leisure Athletics Centers

The market is predicted to witness high close-to-finish general growth in the close to foreseeable future, owing to maximize in awareness for fitness amid the younger populace.

PORTLAND, OREGON, UNITED STATES, February 13, 2023 /EINPresswire.com/ — According to a new report posted by Allied Industry Analysis, titled, Health and fitness and Leisure Sporting activities Facilities Marketplace by Variety and Age Team: World-wide Opportunity Evaluation and Sector Forecast, 2017-2023,” the world wide conditioning and leisure sports centers marketplace sizing was valued at $83,680 million in 2016, and is expected to get to $113,116 million by 2023, registering a CAGR of 4.4% from 2017 to 2023. North The usa dominated the world wide market, accounting for additional than 1-3rd share in 2016.

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Increase in recognition about the gains of conditioning is predicted to maximize the number of persons in the gyms, hence driving the expansion of the general health and leisure sports centers industry. In addition, enhance in situations of obesity and rise in prevalence of osteoporosis & reducing of bone density have prompted persons to concentrate on health and fitness and physical fitness seriously. Additionally, rise in disposable revenue of consumers is anticipated to strengthen the growth of the world health and leisure sporting activities facilities business all through the forecast interval.

The gymnasiums segment held the main share in the international market place in 2016, and is anticipated to retain its dominance till the close of forecast period.

The populace beneath the age of 35 is believed to keep a substantial share in the world-wide market place in 2016, as this age group constitutes major performing inhabitants. What’s more, the number of these men and women going to fitness centers is on an raise

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Sports Tourism Market Size Worth USD 1,803,704.0 Million by 2030, Growing with a CAGR of 16.1%

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Sports Tourism

sports tourism market is projected to reach $1,803,704.0 million by 2030, registering a CAGR of 16.1% from 2021 to 2030.

PORTLAND, OREGON, UNITED STATES, February 13, 2023 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Sports Tourism Market by Product, Type, and Category: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global sports tourism market size was valued at $323,420.0 million in 2020, and is projected to reach $1,803,704.0 million by 2030, registering a CAGR of 16.1% from 2021 to 2030.

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Sports tourism is defined as travel that includes either observing or participating in a sporting event while away from the tourists’ usual surroundings. Traveling from one region, country, or state to another to watch a sporting event or game is known as sports tourism. While sports tourism has not always been extremely popular, the number of people attending sporting events has increased dramatically in the last decade. People are now travelling long distances to attend their favorite events, fueling sports tourism’s sudden surge in popularity. There are three types of sports tourism: sports event tourism, celebrity and nostalgia sport tourism, and active sport tourism.

Sports tourism has benefited people of all ages, regardless of their socioeconomic status or background. Sports is a tourism industry investment that results in effective economic growth. It stimulates economic growth by providing a variety of lodging options, such as hotels, restaurants, and retail outlets. Efforts are made in towns or locations where sporting events are held to lead to improvements in a variety of areas that may effectively contribute to facilitating visitor visits.

The global sports tourism market is segmented on the basis of product, type, category, and region. On the basis of product, the market

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