0

The Global Team Sports Market to Rise with Growing Sports Events with Revenue of USD 25,346.5 Million by the end of 2024

Share This Post

 “Global Team Sports Market Outlook: Industry Demand Analysis & Opportunity Assessment 2016-2024”

The growing number of sports events around the globe is motivating more people to participate in the games. Along with that, rising health and fitness awareness amongst population is driving them to take up fitness and sports activities in their day-to-day lives. These are the major key factors that are driving the people to adopt outdoor sports activities such as football, baseball, volleyball, cricket and basketball among other sports activities which has further driven the growth of the global team sports market. The global team sports market reached USD 13,700.0 Million in 2016 and is expected to reach USD 25,346.5 Million by the end of 2024 by expanding at a CAGR of 8.1% over the forecast period.

The market is segmented by sports and demography. The sports segment is further segmented into basketball, football, volleyball, cricket and rugby among others, whereas by demography, the global team sports market is segmented into male and female. The male segment dominated the overall global team sports market by holding a market share of 64.5% in 2016. On the other hand, the female segment is believed to witness highest CAGR of 9.4% during the forecast period owing to their increasing participation in sports activities across the world. Further, the female segment is believed to achieve absolute $ opportunity of USD 4,624.2 Million during 2017-2024.

Rising Adoption of Innovative and Advanced Sports Products to Augment the Demand for Athleisure Wear in Future

The global team sports market is thriving on the back of increasing innovations in sportswear technologies that fulfills both fashion and function needs of the team players around the globe.

Rising Sports Events Globally There is a worldwide increase in the number of sports events which are gaining popularity and are attracting maximum number of sports fans towards these events.

Rising Adoption of Sports Apparel The consciousness towards health among people and fitness enthusiasts has led to the spiked adoption of the sports apparel around the world.

Growing Fan Base The growing fan base of different teams and games is likely to bolster the expansion of global market size of the team sports in future.

Request Free Sample Pages@ https://www.researchnester.com/sample-request-549

Industry Players’ are Progressing towards Minimizing the Barriers faced by the Global Team Sports Market

According to Research Nester, the availability of the counterfeit products is posing as a major threat to the sports industry. Further, the rapidly changing fashion trends, rising prices of raw material and less involvement of women in sports activities in emerging countries is believed to hinder the growth of the global team sports market in upcoming years.

The report titled “Global Team Sports Market Outlook: Industry Demand Analysis & Opportunity Assessment 2016-2024” delivers detailed overview of the global team sports market in terms of market segmentation by sports, by demography and by region.

Request Free Table of Contents Here: https://www.researchnester.com/request-toc-549

 Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the global team sports market which includes company profiling of Macron, Joma, Kelme, ERIMA, Jako, Canterbury, Hummel and Uhlsport GmbH.

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global team sports market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Read full Report @https://www.researchnester.com/reports/team-sports-market/549

Research Nester is a one-stop service provider with a client base in more than 120 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

Contact for more Info:

Ajay Daniel

Email: ajay.daniel@researchnester.com

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 5919

Ajay Daniel

Research Nester is a leading service provider for strategic market research and consulting, serving clients from 120+ countries across the globe. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Through our robust, unbiased extensive primary and secondary research, we help organizations to understand current and future market trends, thus letting them making a prolonged yet dynamic financial investment. We never believe in working as a consultant for our clients but as a business partner, helping the business to grow with a positive wave. With our high level of in-depth industry knowledge and analysis, you always can rely upon us for current market estimation and respective future market forecast for every geographical region.

Leave a Reply