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Team Sports Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 06:48 AM, 5th January, 2018 REP-ID-549 Category: FMCG & Food

Global Team Sports Market Overview

Team sports refer to the sports which includes the participation of two of more players playing for a common goal. Team sports activities are gaining popularity and growing significantly in the world. With the growth in television broadcasting, team sports fan base is increasing. Common team sports include basketball, volleyball, cricket, baseball, hockey, lacrosse and others.

Market Size and Forecast

Team sports

Global team sports market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period. Moreover, the global team sports market is expected to reach USD 25,346.5 Million in 2024 from USD 13,700.0 Million in 2016. The market of team sports is mainly driven by increasing awareness amongst the population regarding fitness and wellness. Moreover, rising number of sport events coupled with increasing participation from various teams is expected to increase sales value growth of the team sports market over the forecast period.

Geographically, North America is slated to account for a leading share of 37.5% in 2016 in the team sports market. Rapid growing and expansion of basketball and football in the region is anticipated to foster the growth of the North America team sports market. Besides, high popularity of pro football and volleyball league is also expected to drive the growth of team sports market in the North America. U.S. and Canada are the prominent market in the region. Europe market is expected to expand at a significant CAGR during the forecast period i.e. 2017-2024. Presence of major players in the region is expected to positively impact the growth of team sports market in the Europe region. Moreover, recent Summer Olympic Games and European Football Championship have strengthened the market of team sports in the region.

Asia-Pacific is expected to showcase lucrative growth over the forecast period i.e. 2017-2024. Factors such as government funding to encourage the adoption of sports are expected to fuel the demand for team sports in the Asia Pacific region in the upcoming years.

Market Segmentation

Our-in depth analysis of the global team sports market includes the following segments:

By Sports

  • Basketball Team Sport
  • Football Team Sport
  • Volleyball Team Sport
  • Cricket Team Sport
  • Rugby Team Sport
  • Other Team Sports

By Demography

  • Male
  • Female

By Region

The global team sports market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa and South Africa) Market size, Y-O-Y growth & Opportunity Analysis

team sports market

Growth Drivers and Challenges

The team sports market is primarily driven by growing awareness amongst the population regarding fitness and wellness which is leading them towards outdoor sports such football, baseball, soccer and other sports activities. Apart from this, growing fan base of different teams and games due to increasing advertisement of those teams and games through different channels such as TV advertising, social media and sports events is likely to bolster the expansion of global market size of team sports in future. Further, swelling active sports participation rates across the globe especially growing participation of female population in sports is a key factor which is fueling the growth of globe team sports market.

Increasing innovations in sportswear technologies which fulfills both fashion and function needs of team players are predicated to enhance the growth of global team sports market in upcoming years. Further, performance fabrics such as light weight and breathable microfibers are being used in sports wears which are attracting more consumers towards it. Subsequently, rising disposable income of the consumers and growing spending are also fueling the demand for sport wears and other sport accessories globally.

However, availability of counterfeit products is a major threat to the growth of global team sports market and is expected to limit the growth of global team sports market. Similarly,

Key Players

  •  Adidas Group
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • NIKE, Inc.
  • PUMA SE
  • Under Armour
  • Fila Inc
  • New Balance Athletics, Inc.
  • Spadling
  • Russell Brands, LLC
  • Joma
  • Macron

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global team sports market is segmented as follows:

  • By Sports Market Size & Y-O-Y Growth Analysis
  • By Demography Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

key Answers

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