USD 14.64 Billion Growth in Smart Sports Equipment Market: By Product, Geography, and Segment Forecasts, 2021 - 2025 | Market Size, Share & Trends Analysis

NEW YORK, Jan. 3, 2022 /PRNewswire/ -- The Smart Sports Equipment Market value is set to grow by USD 14.64 billion, as per the latest report by Technavio

Latest market research report titled Smart Sports Equipment Market has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years

To know the exact growth variance and the Y-O-Y growth rate Request a free sample report.

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. adidas AG, Amer Sports Corp., BRG Sports, EGYM Inc., Kinexon GmbH, Mizuno Corp., PUMA SE, Spektacom Technologies Pvt Ltd, STATSports Group Ltd., and Under Armour Inc. are some of the major market participants.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Smart Sports Equipment Market 2021-2025: Segmentation

  • Product
    • Ball Sports
    • Fitness Sports
    • Other Sports
  • Geography
    • North America
    • APAC
    • Europe
    • South America
    • MEA

43% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for smart sports equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increased adoption of connected wearable devices and the rising demand for sports analytics platforms will facilitate the smart sports equipment market growth in APAC over the forecast period.

Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses. Download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR71731

Smart Sports Equipment Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our Smart Sports Equipment Market report covers the following areas:

  • Smart Sports Equipment Market size
  • Smart Sports Equipment Market trends
  • Smart Sports Equipment Market analysis

The smart sports equipment market share growth by the ball sports segment will be significant during the forecast period. The increasing demand for sports analytics platforms that rely on inputs obtained from connected sensors and connected equipment, such as connected tennis rackets, golf drivers and clubs, and baseballs, drives the growth of the segment.

Smart Sports Equipment Market 2021-2025: Vendor Analysis
We provide a detailed analysis of vendors operating in the Smart Sports Equipment Market. Backed with competitive intelligence and benchmarking, our research reports on the Smart Sports Equipment Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Smart Sports Equipment Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist smart sports equipment market growth during the next five years
  • Estimation of the smart sports equipment market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart sports equipment market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart sports equipment market vendors

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Smart Sports Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 24.32%

Market growth 2021-2025

$ 14.64 billion

Market structure

Fragmented

YoY growth (%)

18.64

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

adidas AG, Amer Sports Corp., BRG Sports, EGYM Inc., Kinexon GmbH, Mizuno Corp., PUMA SE, Spektacom Technologies Pvt Ltd, STATSports Group Ltd., and Under Armour Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:
Executive Summary
Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Ball sports - Market size and forecast 2020-2025
  • Fitness sports - Market size and forecast 2020-2025
  • Other sports - Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape
Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landsape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • adidas AG
  • Amer Sports Corp.
  • BRG Sports
  • EGYM Inc.
  • Kinexon GmbH
  • Mizuno Corp.
  • PUMA SE
  • Spektacom Technologies Pvt Ltd
  • STATSports Group Ltd.
  • Under Armour Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

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