Europe is Expected to Dominate the Global Sport Training Accessories Market During Forecast Period 2021-2031

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 Sport Training Accessories 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 Sport Training Accessories

The report offers actionable and valuable market insights of Sport Training Accessories. 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 Sport Training Accessories Market across various industries and regions.

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This newly published and insightful report sheds light on Market Insights of Sport Training Accessories, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Sport Training Accessories Market.

The scope of Fact.MR’s report is to analyze the global sport accessories market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis.

Sport accessories manufacturers, stakeholders, and suppliers in the global sporting goods & accessories 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 sport accessories 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 sport accessories market.

Overview

The next section offers an overview of the sport accessories market. This comprises an introduction to the market, along with a standard definition of the product – sport accessories.

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.

Global sport accessories market is projected to register a steady CAGR during the forecast period 2017 to 2022, according to a recent research by Fact.MR. Fact.MR’s report estimates the global market for sport accessories to rake in nearly US$ 95,000 Mn revenues by 2022-end.

There has been a significant rise in demand for adventure sports across the globe over the past few years. Several corporate as well as government organizations across developed economies including Australia, the U.S., and the U.K. are taking initiatives such as women festival of cycling, and challenge ride series 2017, in a bid to encourage people in using bicycles for adventure sports, and as the mode of transportation. Popularity of ball sports such as soccer, rugby, and cricket is witnessing a surge, along with increase in participation rates. These factors might influence growth of the global sport accessories market over the forecast period.

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Soaring popularity of extreme sports events such as BC Bike Race, World Freestyle Kayak Championships, and the ISA World Masters Surfing Championship is further expected to propel demand for accessories associated with these extreme sports. Moreover, increasing media coverage on various global sporting events including FIFA World Cups, Commonwealth Games, and the Olympic Games are attracting the youth population to participate more in sports. The sports industry has rapidly adopted new technologies in order to introduce more advanced and application-specific products.

7 Key Projections on Future of Global Market for Sport Accessories

1. Although head gear will continue to be the largest product segment, sales of hiking jacket is projected to emerge as the fastest selling product in the market over the forecast period.
2. Sport stores and departmental stores will remain the most lucrative distribution channels for sports accessories across the globe. Revenues from these two distribution channels are estimated to collectively account for a significant share of the market by the end of 2022.
3. Online sports channel will remain the fastest expanding distribution channel for sports accessories during 2017 to 2022.
4. Accounting for more than one-third revenue share of the market, economy-priced sports accessories is expected to retain its dominance in the global market. Sales of super premium-priced sports accessories are anticipated to register the highest CAGR over 2022.
5. Based on demographics, men sports accessories will account for the largest revenues, with sales estimated to expand at a steady CAGR through 2022. Sales of women sports accessories, however, will register a relatively higher CAGR than all the other demographic segments in the market through 2022.
6. In terms of revenue, Europe will remain the most lucrative market for sports accessories, followed by North America. APEJ will hold its position as the fastest expanding market for sports accessories through 2022.

Competition Tracking

Fact.MR’s report profiles key players in the global market for sport accessories, which include Adidas AG, PUMA SE, NIKE, Inc., Wolverine World Wide, Inc., V.F. Corporation, New Balance, Inc., ASCIS Corporation, Apple, Inc., Everlast Worldwide, Inc., Decathlon S.A., and Under Armour, Inc.

Market Taxonomy

Product Type	Headgear Goggles Hiking Jacket Water Bottles Gloves Training Accessories Bags Swimming Accessories Boxing Bag Others
Distribution Channel	Hypermarket/Supermarket Departmental Stores Online Retail Sport Stores Others
Price-Based	Economy Mid Premium Super-premium
Demographics	Men Women Kids

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Key Question answered in the survey of Sport Training Accessories market report:

• Sales and Demand of Sport Training Accessories
• Growth of Sport Training Accessories Market
• Market Analysis of Sport Training Accessories
• Market Insights of Sport Training Accessories
• Key Drivers Impacting the Sport Training Accessories market
• Which are the Key drivers impacted by Sport Training Accessories market
• Restraints Shaping Market Growth
• Market Survey of Sport Training Accessories

More Valuable Insights on Sport Training Accessories Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Sport Training Accessories, Sales and Demand of Sport Training Accessories, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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