Global team sports market is
segmented into sports into basketball team sport, football team sport, volleyball
team sport, cricket team sport, rugby team sport and others. Among these
segments, football team sports segment is expected to occupy the top position
in the market. In recent years, global football market has witnessed high revenue
growth owing to the high popularity of soccer, rising broadcast revenues and
increasing audience numbers. Further, football market is expected to grow at
incredible pace over the forecast period. This factor is envisioned to bolster
the market of the football team sport market globally.
Global team sports market is
expected to flourish at a CAGR of 8.1% over the forecast period. Moreover, the
global team sports market is projected to garner USD 25,436.5 Million by the
end of 2024. Rising awareness among the population toward fitness is increasing
outdoor sports activities which are anticipated to grow the market
of team sports globally.
Further, increasing adoption of innovative sportswear among individuals and
teams are expected to propel the demand for team sports in near future.
The market of male team sports
is estimated to register a CAGR of 7.3% during the forecast period. Moreover, male
team sports market is expected to account for the largest share of revenue
across the globe. Huge inclination of male population towards sports such as rugby,
football, volleyball, basketball and other sports is a major factor which is
anticipated to bolster the growth of male team sports market.
Increasing Awareness towards Fitness and Wellness
Increasing popularity of
outdoor sports and other physical activities due to growing fitness and wellness
awareness is envisioned to positively impact the growth of global team sports
market in future. Moreover, increasing sports participation rate and growing
number of female players are poised to fuel the growth of the global team
sports market.
Rise in the Number of Sports Events across the Globe
Increasing individual and
multi-sport events across the globe is anticipated to accelerate the growth of
the team sports market. Moreover, multi-sport events such as Olympics, Commonwealth
games, Asian games & Paralympic are gaining popularity which further is
opening a gateway of opportunities for the growth of the global team sports
market.
Although, high cost associated
with branded team sport wears and availability of counterfeit products are some
of the factors which are likely to negatively impact the growth of the team
sports market in the near future.
The report titled “Team Sports Market: Global Demand Analysis
& Opportunity Outlook 2023” delivers
detailed overview of global team sports market in terms of market segmentation
by sports, by demography and by region.
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 global team sports market
which includes company profiling of Adidas Group,
NIKE, Inc., PUMA SE, Under Armour, Fila Inc, New Balance Athletics, Inc.,
Spadling, Russell Brands, LLC, Joma and Macron. 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 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.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. 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
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strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/team-sports-market/549
Contact for more
Info:
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Daniel
U.S.
+1 646 586 9123
U.K.
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