Rockville, MD -- (SBWIRE) -- 12/14/2018 -- Global Portable Basketball Hoops Market – Overview
The portable basketball hoops market is currently witnessing an impressive growth due to the rising participation in the activity both as a competitive sport and a recreational activity. As against inground basketball, portable basketball hoops can be transported from one place to another. There are many portable basketball hoops available in the market with adjustable height and it varies from 3.5 ft. to 10 ft. In order to provide stability, the majority of portable basketball hoops use a water-filled or a sand-filled anchor (Base). If you have a portable outdoor basketball hoop in your driveway, then you can play anytime. Apart from the driveway, there are various places where one can install portable basketball hoops, such as the garage or a lawn or near the pool. Although the portable basketball hoops market is bit fragmented in nature but still with rising number of national and international sports competitions globally, the demand for portable basketball hoops has surged, which will in turn increase the volume of sales from retail outlets to the company online sales channel
Global Portable Basketball Hoops Market Dynamics
Manufacturers are capitalizing on the increasing demand for portable basketball hoops due to the growing popularity of the sport across the globe. A majority of individuals across the world engage themselves in several activities for unwinding after their hectic schedules due to the fast-paced lifestyle. Indoor basketball is a fast-growing recreational activity that a mounting number of individuals are participating in across countries. With the increasing number of individuals playing basketball as a recreational activity, the portable basketball hoops market is touted to expand significantly in the upcoming years.
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Counterfeit Portable Basketball Hoops Impacts Growth Potential of the Market
Since basketball is gaining popularity across the world as a recreational activity, competition in the portable basketball hoops market is also increasing substantially. To capitalize on the increasing demand for a variety of portable basketball hoops, the number of new entrants in the portable basketball hoops market has grown considerably. Local brands in the regional portable basketball hoops market are introducing various portable basketball hoops with a diverse pricing range to attract more consumers. Most of the local market players are trying to improve their sales by copying brand-name products and offering great "factory-direct" deals on counterfeit portable basketball hoops. These products are usually made from inferior materials, which increases the possibility of causing injuries to the user. This also hampers the growth of portable basketball hoops market.
Global portable basketball hoops Market: Regional Overview
The regional demand for portable basketball hoops varies across the globe. However, North America has adopted portable basketball hoops lately and therefore, the region is expected to show considerable growth in the forthcoming years. Despite the concentration of user in North America, portable basketball hoops manufacturers are also focusing on Asian countries, mostly in China and India.
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Prominent Players of Global Portable Basketball Hoops Market
Some of the prominent players operating in the portable basketball hoops market are:
- Escalade, Incorporated (Goaliath brand)
- Spalding Sports Worldwide Inc.
- Lifetime - First Team
- Movement God - Nerf
- Gared - Other Players
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