Tag: sports

Racket Sports Equipment Market is Expected to be Worth $272.40

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Racket Sports Equipment Market

According to a new report, titled, “Racket Sports Equipment Market by Product Type, by End User, by Application, by Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031,”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. The Racket Sports Equipment Market Size was valued at $176.80 million in 2021, and is estimated to reach $272.40 million by 2031, growing at a CAGR of 4.3% from 2022 to 2031.

Access Full Summary: https://www.alliedmarketresearch.com/racket-sports-equipment-market-A16941

Rise in penetration of internet, smartphones, computers, and other electronic media & entertainment devices has significantly increased involvement of children and youth towards indoor activities. This has resulted in diminished health and deterioration of skills & abilities of this population, which in turn has declined the interest and rate of participation in sports and reduced sales of sports equipment and apparel. Thus, decline in interest of children and young population in sports, owing to mounting interest in media & entertainment devices restrains the market growth.

Various big brands are entering the untapped market where lack of availability of sports facilities and products is witnessed. These key players are setting up sports facilities, sports centers, and play grounds, and correspondingly promoting their products. Likewise, various organizations and NGOs are donating the sports equipment, building sports facilities, conducting free of cost sports competitions, and training the potential athletes free of cost. Moreover, developing interest of the young population in sports is anticipated to offer potential Racket Sports Equipment Market Opportunities in the near future. These factors altogether significantly contribute towards the growth of the market in untapped regions.

The racket sports equipment market is segmented on the basis of product type, end user, application, distribution channel and region.

Based on product type, the

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DICK’S Sporting Goods Partners with Nike, Jordan Brand and Athletes For Next Phase of “Sports Change Lives” Campaign

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Carmelo Anthony, Sabrina Ionescu & Mike Trout among Nike and Jordan Brand stars featured; Each athlete will nominate a youth sports organization for a $75,000 “75for75” Sports Matter Grant; Exclusive, behind-the-scenes content available to connected DICK’S Scorecard and Nike Membership accounts

PITTSBURGH, June 6, 2023 /PRNewswire/ — Today, DICK’S Sporting Goods (NYSE: DKS) revealed the second creative expression of their “Sports Change Lives” campaign – this time in partnership with Nike, (NYSE: NKE) – marking the first time the two have joined forces on an ad campaign of this caliber.  Following the March unveiling of DICK’S new brand platform, this second phase consists of personal stories from 10 Nike and Jordan Brand athletes that spotlight the ways sports have changed their lives.

Courts Change Character: How Sports Changed Carmelo Anthony’s Life

Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9140958-dicks-sporting-goods-nike-athletes/

Featured in the campaign are:

  • A’Ja Wilson – WNBA Forward, 2022 WNBA Champion, two-time WNBA MVP, four-time WNBA All-Star, and 2018 NCAA National Champion.
  • Alex Morgan – USWNT Soccer player, two-time FIFA Women’s World Cup champion and Olympic gold medalist.
  • Athing Mu – Track and field athlete, Olympic gold medalist and world U20 record holder.
  • Carmelo Anthony – Former NBA player, 10-time All-Star, ninth on the NBA’s all-time scoring list, three-time Olympic gold medalist and NCAA champion.
  • Davante Adams – NFL Wide Receiver, three-time First Team All-Pro, six-time Pro Bowl selection and two-time NFL receiving touchdown leader.
  • DJ Wagner – Collegiate Basketball player and #1 ranked high school basketball player in the class of 2023.
  • Mike Trout – MLB Center Fielder, three-time American League MVP, ten-time MLB All-Star and seven-time Silver Slugger award winner.
  • Najee Harris – NFL Running Back, 2021 Pro Bowl selectee, 2020 First Team All-American and Doak Walker Award winner.
  • Sabrina Ionescu –
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Smart Sports Equipment Market to Hit US$ 1,655.1 Million by 2032: Fact.MR Report

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FACT.MR

Leveraging the Power of IoT in Sports & Fitness Industry to Lift the Market Growth

Rockville , May 17, 2023 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global smart sports equipment market is estimated at US$ 1,261.7 million in 2022 and is expected to expand at an impressive CAGR of 2.8% during the forecast years of 2022-2032.

Prolific growth in the sports sector and growing advancements in reshaping the landscape of the sports industry have a direct impact on the global sports equipment market. The use of smart sports gear help athletes of all level not only to track down their analytical parameters but also to assess their performance and enhance their sporting technique with minimal injuries associated. This, in turn, plays a key role in driving the sales of the target product.

Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=213

It is observed that many international matches are disturbed just because of a single wrong decision by the referee. However, the use of smart sporting goods provides fairer competition without any biases and also provides accurate decisions during the match which creates an incremental opportunity for the global smart sports equipment market to flourish.

According to Fact.MR, use of high-tech sports gear for talent identification and talent development to identify potential elite sports players will influence market players to manufacture smart sports equipment on a large scale which helps them to secure a prominent position in the market.

Key Takeaways from Market Study

  • The global smart sports equipment market is projected to expand at an impressive CAGR of 2.8% and be valued at US$ 1,655.1 million by 2032.

  • The market witnessed 2.7% CAGR for the period of 2017-2021.

  • Under product type, smart baseball bat dominates the market and are valued at

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Sports Robotic Kit Market Size To Surpass USD$ 1,424.2 Million by 2033; Exhibiting A CAGR of 13.6%

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FACT.MR

Sports Robotic Kit Market Analysis By Weight (Light Weight (Up to 20 Lbs), Middle Weight (21 – 40 Lbs), Heavy Weight (Above 40 Lbs)), By Sales Channel (Online Sales, Offline Sales), By End User (Individual, Institutes, Professional), and Region – Global Insights 2023 to 2033

Rockville, May 03, 2023 (GLOBE NEWSWIRE) — A 10-year projection from 2023 to 2033 is provided in Fact.MR’s recent study on the Sports Robotic Kit Market. Other details include significant market-shaping aspects including drivers, constraints, and opportunities. The market is segmented into product type, payload capacity, robot axes, application, end user, and region to make the information for a clear understanding of key trends.

Fact.MR – A Market Research and Competitive Intelligence Provider: According to Fact.MR, the global sports robotic kit market is likely to reach a valuation at US$ 397.9 million in 2023 and is expected to grow at a CAGR of 13.6% during the forecast years of 2023-2033. The increasing disposable income of the parents has created the demand for smart sports equipment for the kids.

Using robotics kits, students can work in teams to solve a problem or accomplish a common goal. This is a great way to improve teamwork skills. By bringing a variety of strengths, knowledge, and concepts to the problem-solving process, online learning creates opportunities. The need to rely on one another and the unique contribution made by considering various ideas enhance social and communication skills.

Want A Detailed Understanding of Market Functioning? Request for a Sample Here –
https://www.factmr.com/connectus/sample?flag=S&rep_id=8285

The increased participation in STEM (Science, Technology, Engineering, and Mathematics) related activities is also influenced by a growing interest in robots and coding and programming. The majority of the robots host hands-on coding challenges that give students the chance to work together to solve real-world problems.

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How Leveling the Actively playing Industry assists communities achieve obtain to sports activities equipment

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BALTIMORE — Leveling the Playing Discipline is a non-income that was launched in 2013 that redistributes devices to expand entry and equity in youth sports activities and recreation systems in under-resourced communities.

LPF lets any plan to go to their warehouse and appear for any form of gear that is essential.

The machines they hold includes lacrosse sticks, baseball helmets, jump ropes, cones, jerseys, pants, and much more.

Program Director Luke Weierbach took us into the day to day functions of LPF and how they are capable to provide over 300+ packages in Baltimore.

Weierbach suggests that LPF is deemed a food items financial institution for sports activities equipment.

“As the price of sports activities is increasing, the budgets for PE lecturers they’re not, they’re not achieving that exact level, you happen to be having the very same spending plan that you’ve had in many years past. So that gear, that cash doesn’t stretch fairly as far any longer. So to be equipped to come in and dietary supplement your applications listed here, whether or not it’s introducing a new activity with tennis, irrespective of whether it truly is you know, grabbing a pair far more lacrosse sticks to dietary supplement your gear that you by now have. That is really the aim of our group below is to make confident that your spending plan and you continue to have room to go increase and be adaptable with your courses,” Weierbach stated.

Max Levitt, founder and govt director of LPF, gave the foundation lifetime immediately after his time as a sports devices manager.

Levitt noticed that no make any difference the equipment, it can support benefit a plan in need. His eyesight served LPF make their Hampden warehouse and increase.

“in 2018, we expanded up to Baltimore, final calendar year,

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