Growing number of regional sports teams of different sports such as football, soccer, badminton, baseball, cricket and basketball is forcing various team sportswear manufacturer to focus on the development of innovative sports apparel. Further, team sports are gaining popularity among population. Moreover, football and basketball sports are witnessing remarkable adopting rate across the globe.
Global team sports market is anticipated to expand at a compound annual growth rate (CAGR) of 8.1% during the forecast period i.e. 2017-2024.
The market of the football team sports is projected to dominate the global team sports market by the end of period 2024. Football team sport segment accounted for the largest market share, while cricket team sport segment is projected to grow at the highest CAGR. The football team sports market is anticipated to expand at a CAGR of 10.6% during the forecast period i.e. 2017-2024.
Global team sports market is segmented on the basis of sports, demography and region. Based on demography, the market is segmented into male team sports and female team sports. The male team sports accounted for the largest market share, with a percentage share of 64.5% in overall team sports market in 2016. Male team sports market is further projected to witness CAGR of 7.3% during the forecast period i.e. 2017-2024. High participation of male population in over all sports coupled with high popularity of men football sports is a major factor which is likely to bolster the growth of global male team sports market over the forecast period.
The report titled “Team Sports Market: Global Demand Analysis & Opportunity Outlook 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 team sports market which includes profiling of Adidas Group, NIKE, Inc., PUMA SE, Under Armour, Fila Inc, New Balance Athletics, Inc., Spadling, Russell Brands, LLC, Joma and Macron. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Team Sports Market: Global Demand Analysis & Opportunity 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 Global Team sports Market in near future.