A $15.5 billion market in the US, the youth sports market rivals the size of the $14 billion NFL.
Albany, NY -- (SBWIRE) -- 09/20/2017 -- A new report, focusing on the current trends in youth sports market has been broadcasted to the wide repository of Market Research Hub (MRH). The study is titled as "Youth Team, League, and Tournament Sports Market Shares, Strategies and Forecasts, Worldwide, 2017 to 2023" which provides comprehensive information on the overall youth team, league and tournament sports industry along with key facts on major dynamics influencing the market throughout the forecast period of 2017 to 2023. This latest study has 633 pages along with 288 tables and figures which cover key topics including youth travel teams, sports software, youth sports, development programs, sports wearables, sports website, club management, team registration management, flexible payment options and others.
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As per the study key findings, the youth sports market is set to grow in response to increased interest worldwide in youth sports development programs. With organized sports, there has been a rise in the number of travel teams, with the programs active at ever-earlier ages. There has been noteworthy definition and growth in the youth sports industry. The market opportunity for youth team sports depends on a strong alliance between the schools and modern recreational facilities that meld education, drama, music and sports in a manner that supports learning and athletic development as one melded event. Nowadays, youth sports programs are becoming more available in more affluent parts of the world, poised to deliver healthy activity and build lifelong habits of movement and athletic skills development.
The report starts by presenting a detailed overview of the global market covering driving forces and key dynamics. It has been analyzed that Approx. 6 in 10 children ages 6-12 regularly participate in team sports in the United States, hence the youth sports market displays huge growth in this region. In a $15.5 billion U.S. youth sports market, the youth and amateur adult league travel teams are gaining power because they provide family vacation fun while improving skills of a youthful player. This is a nascent market, there is no end to growth in sight. These markets are expected to reach $41.2 billion by 2023. On the other hand, worldwide youth sports markets are poised to achieve significant growth as travel teams become more popular and families learn to enjoy time together during a weekend sporting event.
Moving further in this study, Youth sports markets are comprised of segments that represent revenue generation from travel, equipment, team membership, facility construction, software, and venue rental. Another key factor analyzes by the study that software has become an important aspect of making team play easy to manage. The primary purpose of youth and adult sports team software is to deliver robust, automated process for the registration, scheduling, web site construction, coaching management, communication, tournament play, and video coaching that are needed to run a team effectively.
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Further, the study also offers precise outlook on the market competitive landscape by profiling leading market players. Market Leaders are Nike, Sports Facilities Advisory, NBC Sports / SportsEngine, Time / Sports Illustrated Play, InterContinental Hotels Group Marriott, Ameri Sports / Wilson, Adidas, Underarmor, Bauer and Blue Star Sports. Some other market participants are Coach Logic, Engage Sports, Active Network, Catapult, LeagueApps, Marriott etc.
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