Tag: Equipment

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.

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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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FCA donates $1 million really worth of sporting equipment to Ukraine

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As the war battles on in Ukraine, one Kansas Town group is undertaking all it can to aid younger athletes in that place by donating far more than $1 million really worth of youth sports gear. Fellowship of Christian Athletes Ukraine National Director Sasha Aleksandrov is aware of the price of athletics in life. In fact, he loved participating in a good deal of them rising up in Western Ukraine.”I played basketball and truly wanted to enjoy professionally. I pretty much did it,” Aleksandrov reported. Which is why he required to be a part of the FCA’s procedure to obtain donated sports merchandise and get them to youthful athletes who require them in Ukraine.”So lots of of them misplaced the gear to use,” Aleksandrov explained. Earlier this week, additional than 40 pallets of just about any sports activities item imaginable arrived in Ukraine.”People just begin sending their devices, basketballs, soccer balls even footwear,” Aleksandrov explained.The pallets contained the vital components to enjoy approximately just about every key activity. “They’ve dropped so a great deal. There’s a large want of what the war has taken away,” Dan Britton with FCA reported. The FCA says it hopes the more than $1 million worthy of of sporting devices will encourage hope for younger athletes in Ukraine.”This is what we seriously have to have. This is what our state, our coaches want,” Aleksandrov claimed.He states the chance to engage in sports activities proper now in Ukraine is a nice distraction from the war about it.”Focus on opposition and enjoy with just about every other, and just have enjoyment,” Aleksandrov stated. The Fellowship of Christian Athletes at the moment has plans to assist coaches and athletes in much more than 100 international locations.

KANSAS Town, Mo. —

As the war battles on in Ukraine, 1

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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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Sports Equipment and Apparel Market is estimated to surge at a CAGR of 8.3% to reach US$ 930.5 Billion by 2031

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Sports Equipment and Apparel

Rise in popularity of sport and fitness activities among the youth propels the overall sports equipment and apparel market growth.

PORTLAND, OREGON, UNITED STATES, February 13, 2023 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Sports Equipment and Apparel Market,” The sports equipment and apparel market was valued at $340.6 billion in 2020, and is estimated to reach $930.5 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031.

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Sports equipment are utility devices or tools useful for engaging in sports activity. Similarly, sports apparel is useful for boosting the sports performance with required comfort. Increase in fitness consciousness among consumers and rapid rise in per capita disposable income are expected to boost demand for sports equipment and apparels. In addition, trend of sports apparel among young sports enthusiasts and advancements in formulation of sports equipment fuel the market growth. However, decline in participation of the young generation in sports activity hampers the market growth.

Moreover, increase in interest of consumers in leisure activities other than sports such as movies, musical concerts, virtual gaming, and others restrains the growth of the market. Conversely, increase in participation of various organizations in donation of these equipment and apparel to emerging sport enthusiasts and athletes with poor financial background is anticipated to provide lucrative sports equipment and apparel market opportunities. For instance, Sports Gift, Let’s Play It Forward, Global Sports Foundation, and One World Play Project are some of the well-known organizations that support the sports equipment donation process. Thus, rise in distribution of sports equipment and apparel through online retail platform is anticipated to boost the sports equipment and apparel market growth in near future.

The market for

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In-the-water sports equipment market size is expected to grow by USD 5.78 billion from 2021 to 2026: A descriptive analysis of five forces model, market dynamics, and segmentation

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NEW YORK, Feb. 9, 2023 /PRNewswire/ — According to Technavio, the global in-the-water sports equipment market size is estimated to grow by USD 5.78 billion from 2021 to 2026. The market is estimated to grow at a CAGR of 3.91% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 45% of the market’s growth during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on market size, request a sample report

Technavio has announced its latest market research report titled Global In-the-Water Sports Equipment Market

In-the-water sports equipment market – Five forces
The global in-the-water sports equipment market is fragmented, and the five forces analysis covers–

  • Bargaining power of buyers

  • The threat of new entrants

  • Threat of rivalry

  • Bargaining power of suppliers

  • Threat of substitutes

  • For an interpretation of Porter’s five forces model – Buy the report!

In-the-water sports equipment market – Customer landscape

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

In-the-water sports equipment market – Segmentation assessment

Segment overview
Technavio has segmented the market based on product (sports gear and sports apparel), type (swimming, water aerobics, and water polo), and distribution channel (offline and online).

  • The sports gear segment will account for a significant share of the market’s growth during the forecast period. The growth of this segment is attributed to factors such as the rising popularity of different types of water sporting activities and the reopening

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