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Ball Sports Luggage Market Share, 2025 | Industry Analysis Report

Ball Sports Luggage Market Analysis Report By Type, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619574  |  Published: April 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global ball sports luggage market size was accounted for USD 1.93 billion, in 2018 and is projected to grow at a CAGR of 10.4% over the forecast period. The growing inclination towards outdoor sports owing to the healthy fitness benefits is a major factor driving market growth. Additionally, rising popularity of ball games is also expected to propel the demand for the product.

Increasing popularity of sports such as football, baseball, tennis, golf and basketball are anticipated to foster the demand for sports products. The growing popularity and increasing participation in professional sports leagues such as National Football League (NFL), Western Hockey League (WHL), Indian Premier League (IPL), and National Basketball Association (NBA) are projected to bolster the industry growth. Due to the increasing focus on conserving natural resources such as gasoline, and oil are anticipated to extend the trend of the eco-friendly Ball Sports Luggage in the coming few years. The hectic daily routine has led to look for the time saving in cooking applications, thus working professionals are expected to get influenced by these factors. Consumer prefers the Ball Sports Luggage due to its free and easy water boil processing.

U.S. ball sports luggage market

In addition, the sports authority who organizes these games undertakes various initiatives to raise the awareness regarding health among consumer base. For instance, Fitness & Nutrition has undertaken sports initiatives based on the President’s Council on sports to educate people about outdoor games. Owing to the better storage, and transportation facilities ball sports products are expected to propel the market growth.

Ball sports luggage’s offer high quality and rigid characteristics which lasts for longer duration of time. Furthermore, government incentives policies are encouraging consumers to look for sports as a long-term career option. Top players in the market focus on manufacturing innovative products to meet with the consumer needs. These factors are expected to proliferate the demand for the product.

Type Insights

The ball sports luggage market is bifurcated into football, basketball, table tennis, and others. In 2018, basketball held the highest market share in the overall market. In North America the basketball game is most popular sports. The increasing sports association in the league is driving the growth of the game. For example, National Basketball Association (NBA), has over 30 teams in the league. 

Moreover, the product launches under various brand Plastic is projected to increase the market growth. For in 2018, Under Armour, Inc. has introduced duggle bag for basketball which has the capacity of 56L. The football luggage bag is expected to grow at the CAGR of 11.0% over the forecast period. The rising spending on these products is also anticipated to foster the market growth the demand for segment in the next few years. 

Regional Insights

In 2018, North America led the market with largest share in the overall market. The region is expected to grow at the significant rate of CAGR over the forecasted period. The U.S. is expected to dominate the regional market owing to the high popularity of the football, hockey, and basketball. The universities in the Canada, and the U.S. continuously indulge into sports activities, which in turn is expected to drive the demand for the product.

Global ball sports luggage market

Asia Pacific region is projected to grow at the highest CAGR of 11.5% during the forecasted period. The growing number of sports events across the countries such as India, China, and Japan are also spurring the growth of the market. For example, in 2017, T2 Asia Pacific was first inaugurated as Table tennis competition, comprising of top ranked 24 players in the world.

Impact of COVID-19 Insights

The COVID-19 pandemic has been negatively impacted the global ball sports luggage market. The coronavirus crisis has caused lockdown across the globe, and restriction on travel. The manufacturers are facing a lack of labor force, and decline in demand for sporting goods such as golf balls, tennis balls are adversely impacting the market growth.

In addition, several major sports events including Olympics, and French Open, and Golf Tours have postponed due to lockdown measures. Moreover, various tennis tournaments like ATP Masters and Wimbledon have been canceled amid pandemic. However, manufacturers in the market have restarted the production of sporting goods from Q2 of 2020. Thus, the market is expected to witness significant growth in the next few years.

Ball Sports Luggage Market Share Insights

Leading players in the market include Nike, Inc.; Adidas America, Inc.; Under Armour, Inc.; Amer Sports; PUMA; Gala a.s.; Sport System S.r.l.; Mikasa Sports; USA Belco; and Dunlop Sports. Top players in the market are focusing on merger & acquisitions strategies to maintain their position in the market.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America & Middle East & Africa

Country scope

U.S., Germany, U.K, India, China, and Brazil.

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global Ball Sports Luggage market report on the basis of type, and region:

• Type Outlook (Revenue, USD Million, 2015 - 2025)
    • Football
    • Basketball
    • Table Tennis
    • Others

• Regional Outlook (Revenue, USD Million, 2015 -2025)
    • North America
        • U.S.
        • Europe
    • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa (MEA)

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