Outdoor Sports Luggage Market Report 2020, Competitive Landscape, Trends and Opportunities- Adidas AG, Nike, Inc., Under Armour, Inc., New Balance, ASICS Corporation, Mizuno Corporation

Global outdoor sports luggage market is estimated to witness a CAGR of ~3.5% during the forecast period (2020 - 2025).

- The prominence of outdoor sports, owing to the health and wellness trends, the increasing influence of social media, celebrity endorsement and rise in the number of international sports events are encouraging consumers to enter some of the other sorts of sports activities. This, in turn, has increased the demand for ball sports luggage across the globe.
- Moreover, theres a rise in participation rate in various ball sports, especially in football and golf, owing to increasing favourable government initiatives such as grassroots programs held at schools, colleges, and clubs to encourage participation.
- With an aim to gain competitive advantage, manufacturers of ball sports luggage are more focused on developing new and innovative products, in order to fulfill the changing needs and demands of consumers by using advanced technologies. For instance, Nike and Adidas are usingE eco-friendly materials such as organic cotton, recycled rubber, plastic materials, and water-based adhesives in their offerings.

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Top Leading Manufactures-

Adidas AG, Nike, Inc., Under Armour, Inc., New Balance, ASICS Corporation, Mizuno Corporation, Puma SE, Fila Korea

Market Scenario

Rising Sports Participation Rate Owing to Favourable Government Initiatives

Healthy lifestyle adoption and the preference for staying fit has increased consumer indulgence in various sports activities, including ball sports. In line with the athleisure trend, consumers are increasingly seeking for various ball sports equipment including luggage bags.

Additionally, an increase in government initiatives in various countries, meant to improve sports participation, is playing a key role in driving the market in the last few years. For instance, the Government of Australia is planning to invest USD 230 million in sport and physical activity initiatives over the next five years. Similarly, in September 2019, Sports Authority of India (SAI) with technical and organizational support from AIFF (All India Football Federation) launched Khelo India Girls League. The initiative was part of the government's effort to create a buzz for the U-17 women's football World Cup. Such initiatives will encourage more people to indulge them into various outdoor sports, which, in turn, will increase the sales of ball sports luggage.

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Competitive Landscape

- The market studied is highly fragmented and consists of regional and international competitors. It is dominated by players, like Nike Inc., Adidas AG, Under Armour. These companies are using digital and social media advertisements to make consumers aware about the new product launches in the market.
- In addition, key players are focusing on online distribution channels for their online marketing and branding of their products, in order to expand their geographic reach and increase their customer base.
- Moreover, leading manufacturers in the market are focusing on leveraging opportunities posed by the emerging markets of Asia-Pacific, like Thailand and India, to expand their revenue base.

Key Takeaways from this Report

─ Evaluate market potential through analyzing growth rates, Volume and price knowledge – for products type, finish use applications and by completely different trade verticals of Outdoor Sports Luggage Market

─Understand the various dynamics influencing the Outdoor Sports Luggage market – key driving factors, challenges, and hidden opportunities

─Get in-depth insights on your contestant performance of Outdoor Sports Luggage Market – market shares, strategies, monetary benchmarking, product benchmarking and additional

─Outdoor Sports Luggage Market report analyzes the sales and distribution channels across key geographies to enhance top-line revenues

─Comprehend the exchange give chain a profound jump on the value increase at each progression, to enhance cost and deliver efficiencies in your procedures

─Get a fast outlook on the Outdoor Sports Luggage market report entropy – Deals, partnerships, product launches of all key players for the past Five years.

─Evaluate the supply-demand gaps, import-export statistics and restrictive landscape for quite prime twenty countries globally for the Outdoor Sports Luggage market

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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Irfan Tamboli (Head of Sales) – Market Insights Reports

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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