Smart Sports Equipment Market | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025
Decelerating at a CAGR of 24.32%, the Global Smart sports equipment market is expected to grow by $ 14.64 bn during the forecast period. Our research report offers growth projections of all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth. This research also delves deep into issues that are likely to challenge market growth. This detailed analysis of the market will facilitate clients in planning a business strategy for the growth of their business in the post-pandemic era.
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Smart Sports Equipment Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Product (ball sports, fitness sports, and other sports) and Geography (North America, APAC, Europe, South America, and MEA).
- 43% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Smart Sports Equipment Market size.
Smart Sports Equipment Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Increased emphasis on Internet of Things will be a significant factor in driving the growth of the Smart Sports Equipment Market.
- Increased demand for wearable devices and fitness trackers will be instrumental in driving the market growth during the forecast period.
- Premium pricing of smart sports equipment is a hurdle that needs to be crossed on the path to success.
Smart Sports Equipment Market: Vendor Analysis
- The market is fragmented.
- adidas AG, Amer Sports Corp., BRG Sports, EGYM Inc., Kinexon GmbH, Mizuno Corp., PUMA SE, Spektacom Technologies Pvt Ltd, STATSports Group Ltd., and Under Armour Inc. are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Market segments
- Comparison by Product
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- Grading equipment - Market size and forecast 2020-2025
- Scaling equipment - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- adidas AG
- Amer Sports Corp.
- BRG Sports
- EGYM Inc.
- Kinexon GmbH
- Mizuno Corp.
- PUMA SE
- Spektacom Technologies Pvt Ltd
- STATSports Group Ltd.
- Under Armour Inc.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will decelerate at a CAGR of 24.32%.
- What is the incremental growth of the market?
The market is expected to grow by $ 14.64 bn through 2021-2025.
- What is a key factor driving this market?
Increased emphasis on Internet of Things will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
43% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are adidas AG, Amer Sports Corp., BRG Sports, EGYM Inc., Kinexon GmbH, Mizuno Corp., PUMA SE, Spektacom Technologies Pvt Ltd, STATSports Group Ltd., and Under Armour Inc.
- What are the market segments covered in this report?
The market is segmented by Product (ball sports, fitness sports, and other sports) and Geography (North America, APAC, Europe, South America, and MEA)
