Ball Sports Luggage Market Size, Share & Trends Analysis Report By Type (Football, Basketball, Table Tennis, Others), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2024 - 2030
Ball Sports Luggage Market Size, Share & Trends Analysis Report By Type (Football, Basketball, Table Tennis, Others), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2024 - 2030
Ball Sports Luggage Market Growth & Trends
The global ball sports luggage market size is expected to reach USD 8.31 billion in 2030 and is projected to grow at a CAGR of 15.9% from 2024 to 2030. Rising importance of outdoor sports in maintaining a healthy lifestyle is the key factor augmenting the market growth. Preference for ball games is also a major driving factor for the market. Ball sports luggage are proven to maintain the quality and rigidness of the material for a longer period.
In addition, professional usage of the ball sports luggage across various sports associations, such as National Football League (NFL) and National Basketball Association (NBA), acts as a major factor boosting the product demand. These sports bodies have also undertaken initiatives to increase the awareness about the importance of sports. For example, the Sport for All initiative undertaken by the President's Council on Sports, Fitness & Nutrition aims at educating people about the health benefits of outdoor sports. Basketball type segment held the largest market share of 39.9% in 2023 and will retain its leading industry position throughout the forecast years.
n the other hand, football type segment is projected to expand at the fastest CAGR from 2024 to 2030. Asia Pacific is expected to witness the highest growth during the forecast period on account of increasing awareness about the health benefits of outdoor sports. Moreover, rising number of different sports competitions held across countries, such as China, Japan, and India, will contribute to the product demand. For instance, in June 2017, T2 Asia Pacific was inaugurated, a new table tennis league involving world’s top 24 players.
Ball Sports Luggage Market Report Highlights
In terms of revenue, North America contributed to the maximum share in the global ball sports luggage market
The football segment is expected to register the fastest CAGR of 16.4% during the forecast period. One of the key driving factors for growth is the large number of nations engaged in football.
The online distribution segment is expected to experience the fastest CAGR during the forecast period. The rise of e-commerce platforms offering a variety of products in their catalog is driving the market segment
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