Press release
Smart Baseball Bats & Golf Sticks to Account for nearly 40% Global Revenue Share of Smart Sports Equipment Market - Fact.MR Study
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Smart Sports Equipment market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Smart Sports EquipmentThe report offers actionable and valuable market insights of Smart Sports Equipment. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Smart Sports Equipment Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Smart Sports Equipment, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Smart Sports Equipment Market.
While practice does make one perfect, evaluating the performance of athletes during practice sessions has a determinative influence on their performance at competitive sporting events.
Smart sports equipment are pegged to be the next-generation tool for assessing the competitive strength of athletes in the global sports industry. Although, lack of awareness and technological limitations are expected to influence slow penetration of smart sports equipment, globally.
The report, compiled by Fact.MR, provides in-depth analysis of the global smart sports equipment market for the forecast period 2017-2022, and offers key insights about future market direction.
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Market Taxonomy
Product Type
Smart Baseball Bat
Smart Golf Stick
Smart Tennis Racket
Smart Hockey Stick
Smart Baseball
Smart Soccer Ball
Smart Rope
Connectivity Features
Smartphone Synchronization
Wireless Synching
Real Time Data Syncing
Pricing
Mid
Premium
Super-premium
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
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Scope
The scope of Fact.MR’s report is to analyze the global smart sports equipment market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis.
Smart sports equipment manufacturers, stakeholders, and suppliers in the global sports industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.
Summary
The report commences with a brief information of the global smart sports equipment market. This executive summary sets the tone for the rest of the report, providing users the scope of the report.
The executive summary includes important facts and statistics on the global smart sports equipment market.
Overview
The next section offers an overview of the smart sports equipment market. This comprises an introduction to the market, along with a standard definition of the product – smart sports equipment.
In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global smart sports equipment market, the report provides updates about market opportunities, which can benefit leading manufacturers of smart sports equipment.
With continuous evolution of the sports industry, keeping a record of latest developments and trends is fundamental for smart sports equipment manufacturers to formulate key business strategies.
5 Insights on Global Market for Smart Sports Equipment
Smart baseballs and smart baseball bats sold across the globe in 2017 are expected to harvest revenues worth over US$ 240 Mn collectively. According to the report, smart golf sticks will be among top-selling smart sports equipment in the global market, through 2022.
The report highlights Europe as the largest market for smart sports equipment. Technologically advanced sports industry in this region, and impressive performance of European athletes in global sporting events is expected to drive the demand for smart sports equipment in Europe throughout the forecast period.
The Asia-Pacific excluding Japan (APEJ) region, on the other hand, will reflect higher revenue growth, compared to Europe’s smart sports equipment sales. By the end of 2022, the APEJ smart sports equipment market will have reached US$ 300 Mn value at a CAGR of above 3%.
Real-time data synching will remain the sought-after connectivity feature among smart sports equipment. Consumers are expected to opt for sports equipment offering real-time data synchronization, over other basic connectivity features such as smartphone connectivity.
By the end of 2022, smart sports equipment with real-time data synching will rake in revenues worth over US$ 500 Mn, which is around half of the global smart sports equipment market’s estimated value for that year.
Through 2022, close to half of smart sports equipment sold across the globe will be priced in the mid-range. The demand for premium-priced smart sports equipment will also gain traction, reflecting around one-third share on global revenues throughout the forecast period.
The report has also profiled leading players in the global market for smart sports equipment, which include NIKE, Inc., Under Armour, Inc., Amer Sports Corporation, PUMA SE, QUATTRIUUM INC., Game Golf, BABOLAT VS S.A., Mizuno Corporation, Callaway Golf Company, and adidas AG.
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Key Question answered in the survey of Smart Sports Equipment market report:
Sales and Demand of Smart Sports Equipment
Growth of Smart Sports Equipment Market
Market Analysis of Smart Sports Equipment
Market Insights of Smart Sports Equipment
Key Drivers Impacting the Smart Sports Equipment market
Which are the Key drivers impacted by Smart Sports Equipment market
Restraints Shaping Market Growth
Market Survey of Smart Sports Equipment
More Valuable Insights on Smart Sports Equipment Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Smart Sports Equipment, Sales and Demand of Smart Sports Equipment, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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