Albany, NY -- (SBWIRE) -- 11/30/2016 -- The basketball shoe segment is witnessing a significant prominence over all other product segments. It accounts for the largest portion of the overall sales revenue and has a dominant share in the market. This is expected to gain further traction during the forecast period as the adoption of basketball footwear is high among the global populace. Regions like North America and Europe have been displaying a strong affinity toward the adoption of the sport, which has propelled major market vendors to establish a strong market in these regions. The following exhibit is a representation of the market for basketball equipment across product segments, with respect to their CAGRs over a period from 2015 to 2020, their current revenues, and market share in 2015.
The global basketball equipment market to grow at a CAGR of 2.18% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global basketball equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of basketball equipment to individual consumers.
The market is divided into the following segments based on geography:
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Technavio's report, Global Basketball Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Amer Sports
- Rawlings Sporting Goods
- Spalding Sports Equipment
Other prominent vendors
- Nivia Sports
- Under Armour
- Increasing adoption of basketball
- For a full, detailed list, view our report
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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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