Sports Equipment Market Witness Substantial Growth in the Upcoming years

The Global Sports Equipment Market is expected to exhibit a steady 3.2% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global sports equipment market is studied in detail in the report, which provides readers a clear view into the historical growth trajectory of the market as well as studied forecasts regarding the probable future growth trajectory of the market. The major players in the market are also studied in the report, in addition to the major drivers and restraints affecting the market growth.

The global sports equipment market is mainly driven by the increasing interest in active lifestyles among consumers. Many consumers around the world are picking up sports as a way to stay healthy and fit, leading to a growing demand from the sports equipment market. Sports that require minimal equipment, such as football, tennis, and badminton are becoming increasingly popular in several parts of the world. This is a major driver for the sports equipment market.

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The increasing development of better sports equipment is likely to be a major driver for the global sports equipment market over the forecast period. While sports implements have traditionally been made by hand, the advent of machines and industrial manufacturing has served to elevate the quality of the products produced in the global market. Increasing research into the materials used to produce sports equipment has also resulted in the development of hybrid materials and manufacturing techniques that allow for the production of stronger, more capable sports equipment. This has been a major driver for the sports equipment market over the historical review period. On the other hand, the increasing presence of counterfeiters in the sports equipment market is likely to be a key market restraint in the coming years. High-volume markets such as Asia Pacific are a promising environment for counterfeiters, as government regulation is lax and consumer awareness is also not as high as in North America or Europe.

Competitive Analysis:

Leading players in the global sports equipment market include Kering S.A., Nike Inc., ANTA Sports Products Limited, Adidas AG, Quicksilver Inc., Callaway Golf Company, Sports Direct International plc, BPS Direct LLC, Shenzhen Taishan Sports Technology Co. Ltd., Globeride Inc., Mizuno Corporation, Yonex Co. Ltd., Black Diamond Equipment Ltd., New Balance Athletics Inc., and Daei Sportswear and Equipment.

Segmentation:

The global sports equipment market is segmented on the basis of type, distribution channel, and region.

By type, the sports equipment market is segmented into balls, sticks, bats and clubs, nets and goalposts, sports gear, and others. 

By distribution channel, the global sports equipment market is segmented into store-based and non-store based. 

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Regional Analysis:

North America is the dominant revenue generator in the global sports equipment market, followed by Asia Pacific. The high volume of sports enthusiasts in North America is a major driver for the global sports equipment market. In addition, the strong presence of licensing requirements and regulations also drives up the market for sports equipment in North America. While the market in Asia Pacific is comparable to or even larger than North America in terms of consumer numbers, a large part of the sports equipment sales in Asia Pacific are unlicensed, leading to a loss for authorized sports equipment market players.

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Shoe Care Products Market value of USD 6.13 Billion by the end of 2024

The Global Shoe Care Products Market is projected to register a growth rate of 4.6% from 2019 to 2024 and reach a market value of USD 6.13 Billion by the end of 2024. Shoe care products are widely used to maintain the quality of the footwear. Shoe care products not only maintain the aesthetic appeal of the products but items such as shoe cleaner and shoe refresher are used to maintain shoe hygiene. Shoe brushes, shoe creams, waxes, liquids, shoe colors and dyes, and protection sprays are some of the major products in shoe care products market.

Increase in demand for formal shoes by working professionals all over the globe and rise in demand for leather shoes are the factors which are boosting the growth of shoe care products market. Moreover, the increasing demand for shoe cleaning products by athletes is another factor anticipated to support the growth of the global market. However, high costs of shoe care products is expected to hamper the growth of the global shoe care products market during the forecast period. 

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The global shoe care products market has been segmented based on type, distribution channel, and region.

Based on type, the global shoe care products market has been segmented into brushes and buffing cloths, polishing creams, waxes and liquids, colors and dyes, protection sprays, and others. The polishing creams, waxes and liquids segment is expected to dominate the global shoe care products market and register the highest CAGR during forecast period due to the primary necessity of polishing the shoe. The availability of polishing materials in different forms are convenient for the consumers.

On the basis of distribution channel, the global shoe care products market has been classified as supermarkets and hypermarkets, specialty stores, and others. The supermarkets and hypermarkets segment is expected to account for the largest market share during the forecast period due to strong vendor networks, availability of different products, and discounts offered. The non-store-based segment is expected to register the higher CAGR during the assessment period owing to technological advancements in the e-commerce industry and growing consumer preference for online purchase.

Key Players

Some of the key players in the global shoe care products market are Cadillac Shoe Products Inc (US), Penguin Brands Inc. (US), Salzenbrodt GmbH & Co. KG (Germany), C.P. Marketing Inc. (India), Tarrago Brands International (Spain) , Angelus Direct (US), Granger’s International Limited (UK),U.S. Continental Marketing Inc. (US), Charles Clinkard (UK), Griffin Shoe Care (US), S.C. Johnson & Son (US), Energizer Brands, LLC (US), Harry Hoffman Company (US), Allen Edmonds Corporation (US), and C.A. Zoes Mfg Co (US).

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Latest Industry News

• June 2016: Tarrago Brands International launched a full line called The Tarrago Sneakers, a complete range of products in the market designed to cater to sneakers. It includes Sneakers Cleaner, Sneakers Rescue, Sneakers Odor Killer, Sneakers Protect, Sneakers Expander, Sneakers Sole Restorer, Sneakers Gloss Maker, and Sneakers Matt Maker.

Regional Analysis

The global shoe care products market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.

The European shoe care products market is expected to dominate during the forecast period due to opulent lifestyles, increase in trend of footwear fashion, and high spending power of the customers in the region.

The shoe care products market in Asia-Pacific is projected to register the highest growth rate from 2019 to 2024. Increasing population and changing lifestyles are leading to increase in sales of shoes in the region which is expected to propel the growth of the market and assist in making the shoe care products industry attractive for the target audience. Moreover, increasing per capita disposable incomes and demand of consumers for a variety of footwear are anticipated to drive the market growth in this region.

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Baby Safety Seats Market Insights, Business Opportunities & Future Investments to 2024

The Global Baby Safety Seats Market is projected to register a significant growth rate of 5.3% from 2019 to 2024 and reach a market value of USD 5.48 Billion by the end of 2024. Baby safety seats are used to protect infants and children during vehicle collisions and sudden braking, by providing passive restraints. This helps to prevent children and infants from falling out and colliding with other parts of the car. Using baby safety seats significantly reduces chances of physical injury which is driving the growth of global baby safety seats market. Moreover, increasing per capita disposable incomes and innovations in baby safety seats are predicted to fuel the growth of the global baby safety seats market.   

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Segmentation

The global baby safety seats market has been segmented based on type, distribution channel, and region.

Based on type, the global baby safety seats market has been segmented into infant seats, combination seats, booster seats, and others. The infant seats segment is expected to dominate the global baby safety seats market during the forecast period due to high vulnerability of infants to fall out during sudden braking or vehicle collision. However, the combination seats segment are predicted to register the highest CAGR during the review period as the combination seats can be used for infants as well as children up to 12 years of age in both rearing-facing and forward-facing directions.

On the basis of distribution channel, the global baby safety seats market has been classified as store-based and non-store based. The store-based segment is further divided into supermarkets and hypermarkets, specialty stores, and others. The store-based segment is expected to garner the larger market share during the forecast period due to strong vendor networks, availability of different products, and discounts offered. The non-store-based segment is expected to register the higher CAGR during the assessment period owing to technological advancements in the e-commerce industry and growing consumer preference for online purchase.  

Key Players

Some of the key players in the global baby safety seats market are Dorel Juvenile Group of Companies (US), Brevi Milano S.P.A. (Italy), Combi, Inc. (Canada), Clek Inc. (Canada), Mothercare Plc (UK), InfaSecure (Australia), Goodbaby International Holdings Limited (China), Renolux France Industrie (France), Orbit Baby, Inc. (US), Artsana S.p.a (Italy), Britax Child Safety, Inc (US), Diono LLC (US), Newell Brands Inc. (US), Nuna International BV (Netherlands), and Kiwi Baby Howick (New Zealand)

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Regional Analysis

The global baby safety seats market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.

The North American market is expected to dominate the global baby safety seats market during the forecast period as state governments in the US and Canda have made it compulsory to use baby safety seats for infants and children. Additionally, the increased awareness about the benefits of baby safety seats among parents is expected to boost the growth of baby safety seats market in this region. 

The baby safety seats market in Asia-Pacific is projected to register the highest growth rate from 2019 to 2024 owing to increasing per capita disposable incomes in developing countries like China and India. Moreover, rising incidents of road accidents has led to an increased concern for child safety among parents, which is expected to support the growth of baby safety seats market in this region.

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Footwear Market Comprehensive Analysis and Growth Forecasts to 2024

The Global footwear market registered a substantial growth in terms of product innovations and technological advancements. The global footwear market size is estimated to reach USD 223.2 Billion by the end of 2024 and record a CAGR of 5.7%. Youngsters are increasingly inclined toward participating in sports and other outdoor activities which is expected to increase the demand for sports footwear during the forecast period. Moreover, consumers are also concerned about using appropriate shoes while participating in different sports activities to prevent injuries and improve their performance. Apart from that, the rising number of working professionals in the developing economies is expected to further propel the demand for formal shoes which in turn is expected to accelerate the growth of the global footwear market at a high pace.

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Segmention

The global footwear market has been segmented on the basis of product type, category, end user, distribution channel, and region.

Based on product type, the global footwear market has been segmented into formal footwear, casual footwear, and sports footwear.

The market for global footwear has been bifurcated, on the basis of category, into open footwear and closed footwear. 

Based on end user, the global footwear market has been bifurcated into men and women. 

Based on distribution channel, the global footwear market has been segmented into store-based and non-store-based channels. 

Key Players

Some of the key players in the global footwear market are Nike Corporation (US), Adidas AG (Germany), VF Corporation (US), Crocs Retail, Inc. (US), ECCO Sko A/S (Denmark), Wolverine World Wide, Inc. (US), Under Armour Inc. (US), New Balance Athletics, Inc. (US), Asics Corporation (Japan), Deichmann SE (Germany), AeroGroup (Canada), Kering S.A. (Japan), Geox S.p.A (Italy), Skechers USA, Incorporation (US), and The Columbia Sportswear Company (US).

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Regional Analysis

The global footwear market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.

The market in Asia-Pacific is expected to retain its dominance throughout the forecast period in the global footwear market. Large population size in the countries of the Asia-Pacific region is one of the major factors for the rising demand for footwear. Rise in per capita disposable incomes of the consumers in developing nations such as India, China, and Indonesia are expected to fuel the sales of footwear during the forecast period. The markets in China and India accounted for significant market share in 2018 and the trend is expected to continue during the forecast period. China accounts for the highest production of footwear products in the Asia-Pacific region.

The market in Europe accounted for approximately 27% of the market share of the global footwear market. Germany and France have major footwear production facilities which assists in the growth of the regional market.

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Watch Market Analysis 2019 by Leading Key Players, Product Applications in that Region

The vital market driving factors for the Global Watch Market growth include changing lifestyles, changing market trends, and growing customization of personal accessories. Other factors contributing to the global watch market growth include rising craze for fashionable watches, availability of multipurpose watches, increasing disposable income, investment from many big accessory brands on watch manufacturing, and the growing number of watch retailers. The trend of smartwatches that can be synced with smartphones is also surging the demand for smartwatches. However, factors that can hamper the market growth include easy availability

Watches are used as an important accessory, both in terms of utility as well as fashion. A new report on the global watch market, published by Market Research Future (MRFR), concludes that this market can advance at 6.7% CAGR between 2019 and 2024. In terms of money value, the market can be worth USD 75.8 Bn by the end of the forecast period.   

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Market Segmentation

The global watch market segmentation encompasses category, distribution channel, end-user, and type. MRFR’s take on the market surveys various facets of the market in-depth.

The category-based segmentation of this market covers mechanical watches, quartz watches, and others.

Regarding the distribution channel, the market has been segmented into store-based distribution channel and non-store-based distribution channel. 

Based on end-user, the market has been segmented into men watches, women watches, and unisex watches. 

By type, the market has been segmented into analog watches, chronograph watches, digital watches, smartwatches, and others. 

Regional Segmentation

A geographical outlining of the global watch market covers North America, Asia Pacific, Europe, and rest of the world (RoW).

North America is a powerful market due to high disposable income, technological advancement, and high demand. Smartwatches originated in the USA. In North America, maximum revenue comes from USA, Canada, and Mexico.

Europe is another market due to advancements in technology, the high spending power of consumers, a large number of retail stores, and presence of major watch manufactures. The most powerful country-specific markets in Europe are France, Germany, Italy, Spain, and the UK. An inspection of the remaining countries in Europe featured in this report speculate the huge contribution to market revenue from many other countries in this region.

The RoW segment covers South America, Africa, and the Middle East. Compared to Africa and the Middle East, South America is a bigger market due to economic stability. In the Middle East, the market is decent as rich people can afford luxury watches. In Africa, the market is small due to low disposable income and lack of technology to manufacture watches.

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Leading Key Players

Big players in the global watch market Apple Inc. (USA), Bucherer AG. (Switzerland), Casio America Inc. (USA), Citizen Watch Co. Ltd. (Japan), Financière Richemont SA (Switzerland), Fortis Watches AG (Switzerland), Fossil Group Inc. (USA), LVMH Group (France), Patek Philippe Sa. (Switzerland), Ralph Lauren Europe Sàrl (Switzerland), Rolex SA (Switzerland), Samsung Electronics Co. (South Korea), Seiko Watch Corporation (Japan), The Swatch Group Ltd. (Switzerland), and Titan Ltd. (India).

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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