Global Volleyball Equipment Market 2018-2022| Advent of 3D Printed Volleyball Shoes to Boost Demand| Technavio
LONDON--(BUSINESS WIRE)--Aug 28, 2018-- analysts forecast the global volleyball equipment market to grow at a CAGR of close to 8% during the forecast period, according to their latest market research report. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
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Technavio has published a new market research report on the global volleyball equipment market from 2018-2022. (Graphic: Business Wire)
The advent of 3D printed volleyball shoes is one of the major trends being witnessed in the . The market competitors are investing a good amount of their revenue in R&D to design technologically advanced volleyball shoes. For instance, Peak Sport Products (a Chinese sports equipment company) announced the release of the world’s first 3D printed volleyball shoes in China Volleyball Super league (CVL) all-star game in April 2018.
According to Technavio analysts, one of the key factors contributing to the growth of the global volleyball equipment market is the introduction of several new national and international tournaments:
Global volleyball equipment market: Introduction of several new national and international tournaments
With the huge success of world competitions like the Olympic Games, FIVB World Championships, the FIVB World League, the FIVB World Grand Prix, the FIVB World Cup, and the FIVB grand champions cup, the participation rate as well as the number of leagues and tournaments continue to grow exponentially at all levels internationally.
According to a senior analyst at Technavio for research on life science research tools, “As per the Federation Internationale de Volleyball, which is the largest international sporting federation globally with 220 affiliated national federations, volleyball is one of the five big international sports now. Moreover, the rising popularity of beach volleyball also attracts several players across the globe.”
Global volleyball equipment market: Segmentation analysis
The global volleyball equipment market research report provides market segmentation by product (balls, shoes, protective gear, and others), by sports discipline (indoor volleyball equipment and beach volleyball equipment), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the three major products, the balls segment held the largest market share in 2017, contributing to over 37% of the market. This product segment will dominate the global market throughout the forecast period.
The EMEA region held the largest share of the market in 2017, accounting for more than 40% share. This growth was followed by the Americas and APAC respectively. Although APAC held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: VOLLEYBALL SPORTS
SOURCE: Technavio Research
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PUB: 08/28/2018 09:43 AM/DISC: 08/28/2018 09:43 AM