Evolving Industry Trends : Basketball Equipment Market Globally Grow at a CAGR of 2.18% by 2020

Albany, New York, August 18, 2017 : Recent research and the current scenario as well as future market potential of "Global Basketball Equipment Market 2016-2020" globally.

The basketball shoe segment is witnessing a significant prominence over all other product segments. It accounts for the largest portion of the overall sales revenue and has a dominant share in the market. This is expected to gain further traction during the forecast period as the adoption of basketball footwear is high among the global populace. Regions like North America and Europe have been displaying a strong affinity toward the adoption of the sport, which has propelled major market vendors to establish a strong market in these regions. The following exhibit is a representation of the market for basketball equipment across product segments, with respect to their CAGRs over a period from 2015 to 2020, their current revenues, and market share in 2015.

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Technavios analysts forecast the global basketball equipment market to grow at a CAGR of 2.18% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global basketball equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of basketball equipment to individual consumers.

The market is divided into the following segments based on geography:
Americas
APAC
Europe
ROW

Technavio's report, Global Basketball Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Adidas
Amer Sports
Nike
Rawlings Sporting Goods
Spalding Sports Equipment

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Other prominent vendors
ASICS
Baden
Fila
Joma
Lifetime
McDavid
Mizuno
Nivia Sports
Puma
Under Armour

Market driver
Increasing adoption of basketball
For a full, detailed list, view our report

Market challenge
Inconsistent raw material prices
For a full, detailed list, view our report

Market trend
Smart tracking basketballs
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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