Report ID: UCMIG25J2023
Report ID:
UCMIG25J2023 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global ball sports luggage market was valued at USD 1.93 billion in 2018 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.4% from 2019 to 2025. The primary driver for this growth is the growing recognition of outdoor sports as a means to maintain a healthy lifestyle. Moreover, the market is being propelled by the increasing preference for ball games. The rising popularity of sports such as basketball, baseball, tennis, football, and golf is contributing further to the expansion of the market. Additionally, the market is benefiting from the increased participation in games supported by influential sports associations and professional leagues, such as the Western Hockey League (WHL), National Football League (NFL), National Basketball Association (NBA), Major League Baseball (MLB), and Indian Premier League (IPL).
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Leisure Products by segment aggregation, the contribution of the Leisure Products in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25J2023