Basketball Balls Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

A basketball is a spherical ball that is used in basketball games. Basketballs normally range in size from very small promotional items that are only a few inches in diameter to extra large balls nearly 2 feet in diameter used in training exercises. It is the only piece of equipment necessary to play the game of basketball. During the game, the ball must be bounced continuously (dribbling), thrown through the air to other players (passing) or thrown towards the basket (shooting).

MARKET SCOPE

The "Global Basketball Balls Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the basketball balls market with detailed market segmentation by material type, size distribution channel, and geography. The report provides key statistics on the market status of the leading basketball balls market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on material type, the global basketball balls market is segmented into leather, composite / synthetic, rubber.
  
•   Based on distribution channel, the global basketball balls market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others.
  
•   Based on size, the global basketball balls market is segmented into 760mm, 730mm, 700mm, and 570mm.
  

MARKET DYNAMICS

Drivers:

•   Growing living standards and increased urbanization.
  
•   More people moving towards the sports that can helps them in excercise.
  

Restraints:

•   Relatively higher price of the basketball balls.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The basketball balls market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the basketball balls market in these regions.

IMPACT OF COVID-19ON BASKETBALL BALLS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The consumer goods industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS

The report covers key developments in the basketball balls market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from basketball balls market are anticipated to lucrative growth opportunities in the future with the rising demand for basketball balls in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the basketball balls market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Nike
  
•   Adidas
  
•   Wilson
  
•   Spalding
  
•   Decathlon
  
•   Under Armour
  
•   Molten
  
•   Lining
  
•   PUMA
  
•   STAR
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Basketball Balls Report Scope