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

MARKET OVERVIEW

Sports luggage is widely used for carrying essential items, such as equipment, clothing, and devices. These essential items are needed by athletes and players during their training sessions. Depending on various forms of sports, sports luggage is used to carry numerous items like basketball, football, cricket bat, volleyball, baseball, timer etc. Considering growing sport activities across the globe, sports luggage market is anticipated to grow drastically during the forecast period.

MARKET SCOPE

The "Global Sports Luggage 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 sports luggage market with detailed market segmentation by product, distribution channel, and geography. The report provides key statistics on the market status of the leading sports luggage market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product, the global sports luggage market is segmented into golf luggage, hockey luggage, racket sports luggage, ball sports luggage, cricket luggage and others.
  
•   Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, specialty store, online retail and others.
  

MARKET DYNAMICS

Drivers:

•   Schools and colleges encouraging students to participate in various games.
  
•   Rising urbanization and increasing per capita disposable income to boost market growth of sports luggage.
  

Restraints:

•   Unorganized retail sector in few developing countries of Africa and Asia.
  

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 sports luggage 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 sports luggage market in these regions.

IMPACT OF COVID-19 ON SPORTS LUGGAGE MARKET

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 COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. This pandemic restricted movement of people from one place to another. Many sports complex and playing grounds were closed during this period. Due to restriction of limited workforce, this market is also affected from supply side. All the mentioned factors have affected the sports luggage market negatively.

MARKET PLAYERS

The report covers key developments in the sports luggage 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 payers from sports luggage market are anticipated to lucrative growth opportunities in the future with the rising demand for sports luggage in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sports luggage 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.

•   Adidas AG
  
•   Amer Sports
  
•   ASICS Corporation
  
•   Callaway Golf Company
  
•   Kookaburra Sport Pty Ltd
  
•   Nike Inc.
  
•   PUMA SE
  
•   Under Armour, Inc.
  
•   VF Corporation
  
•   YONEX Co., Ltd.
  
  

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.

Sports Luggage Report Scope