“Global Team Sports Market Outlook: Industry Demand Analysis & Opportunity Assessment 2016-2024”
The growing cases of health conditions are pushing people towards adopting healthy lifestyle which has further led them to participate in numerous fitness activities. People are becoming more conscious towards health and wellness and majority of them are involving themselves in outdoor sports such as football, baseball, volleyball, cricket, basketball and other sports activities. In addition to that, the frequent international sports events and growing popularity of team sports are supplementing the growth of the team sports market around the globe.
The global team sports market reached USD 13,700.0 Million in 2016 and is expected to reach noteworthy market valuation of USD 25,346.5 Million by the end of 2024, expanding at a CAGR of 8.1% between the period 2017 and 2024.
In terms of market segmentation, the global team sports market is divided by demography into male and female, out of which, the male segment dominated the overall team sports market with 64.5% of market revenue share in 2016 and is believed to behold its positive stance over the forecast period. Further, the female segment is predicted to achieve absolute $ opportunity of USD 4,624.2 Million between 2017 and 2024.
The global team sports market is driven by promising indicators such as growing fitness and wellness awareness among people and rapid increase in their active sports participation which has further led to the manufacturing of high quality sports products and accessories based on the huge demand for high end services from the global leaders of the team sports market across the globe.
The Report titled “Global Team Sports Market Outlook: Industry Demand Analysis & Opportunity Assessment 2016-2024” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of the global team sports market which includes profiling of Macron, Joma, Kelme, ERIMA, Jako, Canterbury, Hummel and Uhlsport GmbH.
The profiling enfolds key information of the companies which comprises of the business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Team Sports Market Outlook 2024”, analyses the overall team sports industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global team sports market in near future.