Global Team Sports Market Overview
Team sports refer to the sports which includes the participation of two of more players playing for a common goal. Team sports activities are gaining popularity and growing significantly in the world. With the growth in television broadcasting, team sports fan base is increasing. Common team sports include basketball, volleyball, cricket, baseball, hockey, lacrosse and others.
Market Size and Forecast
Global team sports market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period. Moreover, the global team sports market is expected to reach USD 25,346.5 Million in 2024 from USD 13,700.0 Million in 2016. The market of team sports is mainly driven by increasing awareness amongst the population regarding fitness and wellness. Moreover, rising number of sport events coupled with increasing participation from various teams is expected to increase sales value growth of the team sports market over the forecast period.
Geographically, North America is slated to account for a leading share of 37.5% in 2016 in the team sports market. Rapid growing and expansion of basketball and football in the region is anticipated to foster the growth of the North America team sports market. Besides, high popularity of pro football and volleyball league is also expected to drive the growth of team sports market in the North America. U.S. and Canada are the prominent market in the region. Europe market is expected to expand at a significant CAGR during the forecast period i.e. 2017-2024. Presence of major players in the region is expected to positively impact the growth of team sports market in the Europe region. Moreover, recent Summer Olympic Games and European Football Championship have strengthened the market of team sports in the region.
Asia-Pacific is expected to showcase lucrative growth over the forecast period i.e. 2017-2024. Factors such as government funding to encourage the adoption of sports are expected to fuel the demand for team sports in the Asia Pacific region in the upcoming years.
Market Segmentation
In depth analysis of the global team sports market includes the following segments:
By Sports
By Demography
By Region
The global team sports market is further classified on the basis of region as follows:
Growth Drivers and Challenges
The team sports market is primarily driven by growing awareness amongst the population regarding fitness and wellness which is leading them towards outdoor sports such football, baseball, soccer and other sports activities. Apart from this, growing fan base of different teams and games due to increasing advertisement of those teams and games through different channels such as TV advertising, social media and sports events is likely to bolster the expansion of global market size of team sports in future. Further, swelling active sports participation rates across the globe especially growing participation of female population in sports is a key factor which is fueling the growth of globe team sports market.
Increasing innovations in sportswear technologies which fulfills both fashion and function needs of team players are predicated to enhance the growth of global team sports market in upcoming years. Further, performance fabrics such as light weight and breathable microfibers are being used in sports wears which are attracting more consumers towards it. Subsequently, rising disposable income of the consumers and growing spending are also fueling the demand for sport wears and other sport accessories globally.
However, availability of counterfeit products is a major threat to the growth of global team sports market and is expected to limit the growth of global team sports market.
Key Players
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global team sports market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
Key Answers Captured in Report?
Team sports refer to the sports which includes the participation of two of more players playing for a common goal. Team sports activities are gaining popularity and growing significantly in the world. With the growth in television broadcasting, team sports fan base is increasing. Common team sports include basketball, volleyball, cricket, baseball, hockey, lacrosse and others.
Market Size and Forecast
Global team sports market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period. Moreover, the global team sports market is expected to reach USD 25,346.5 Million in 2024 from USD 13,700.0 Million in 2016. The market of team sports is mainly driven by increasing awareness amongst the population regarding fitness and wellness. Moreover, rising number of sport events coupled with increasing participation from various teams is expected to increase sales value growth of the team sports market over the forecast period.
Geographically, North America is slated to account for a leading share of 37.5% in 2016 in the team sports market. Rapid growing and expansion of basketball and football in the region is anticipated to foster the growth of the North America team sports market. Besides, high popularity of pro football and volleyball league is also expected to drive the growth of team sports market in the North America. U.S. and Canada are the prominent market in the region. Europe market is expected to expand at a significant CAGR during the forecast period i.e. 2017-2024. Presence of major players in the region is expected to positively impact the growth of team sports market in the Europe region. Moreover, recent Summer Olympic Games and European Football Championship have strengthened the market of team sports in the region.
Asia-Pacific is expected to showcase lucrative growth over the forecast period i.e. 2017-2024. Factors such as government funding to encourage the adoption of sports are expected to fuel the demand for team sports in the Asia Pacific region in the upcoming years.
Market Segmentation
In depth analysis of the global team sports market includes the following segments:
By Sports
- Basketball Team Sport
- Football Team Sport
- Volleyball Team Sport
- Cricket Team Sport
- Rugby Team Sport
- Other Team Sports
By Demography
- Male
- Female
By Region
The global team sports market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (GCC, North Africa and South Africa) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers and Challenges
The team sports market is primarily driven by growing awareness amongst the population regarding fitness and wellness which is leading them towards outdoor sports such football, baseball, soccer and other sports activities. Apart from this, growing fan base of different teams and games due to increasing advertisement of those teams and games through different channels such as TV advertising, social media and sports events is likely to bolster the expansion of global market size of team sports in future. Further, swelling active sports participation rates across the globe especially growing participation of female population in sports is a key factor which is fueling the growth of globe team sports market.
Increasing innovations in sportswear technologies which fulfills both fashion and function needs of team players are predicated to enhance the growth of global team sports market in upcoming years. Further, performance fabrics such as light weight and breathable microfibers are being used in sports wears which are attracting more consumers towards it. Subsequently, rising disposable income of the consumers and growing spending are also fueling the demand for sport wears and other sport accessories globally.
However, availability of counterfeit products is a major threat to the growth of global team sports market and is expected to limit the growth of global team sports market.
Key Players
- Adidas Group
- - Company Overview
- - Business Strategy
- - Key Product Offerings
- - Financial Performance
- - Key Performance Indicators
- - Risk Analysis
- - Recent Development
- - Regional Presence
- - SWOT Analysis
- NIKE, Inc.
- PUMA SE
- Under Armour
- Fila Inc
- New Balance Athletics, Inc.
- Spadling
- Russell Brands, LLC
- Joma
- Macron
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global team sports market is segmented as follows:
- By Sports Market Size & Y-O-Y Growth Analysis
- By Demography Market Size & Y-O-Y Growth Analysis
- By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
Key Answers Captured in Report?
- Which geography would have better demand for product/services?
- What are the strategies adopted by big players in the regional market?
- Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
- What is the current & expected market size in next five years?
- What is the market feasibility for long term investment?
- What opportunity the country would offer for existing and new players in the market?
- What is risk involved for suppliers in the geography?
- What factors would drive the demand for the product/service in near future?
- What is the impact analysis of various factors in the market growth?
- What are the recent trends in the regional market and how successful they are?
Table of Contents
1. Executive Summary2. Research Methodology5. Global Team Sports Market Size (USD Million) and Forecast, 2016-2024
3. Risk Analysis
4. Top Countries with Highest demand for Team Sports - By Region
6. Market Dynamics & Its Impact Analysis
7. Global Market Segmentation Analysis
8. Competitive Landscape
Samples
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Companies Mentioned
- Macron
- Joma
- Kelme
- Erima
- Jako
- Canterbury
- Hummel
- Uhlsports
- Adidas Group/
- NIKE, Inc./
- PUMA SE/
- Under Armour/
- Fila Inc/
- New Balance Athletics, Inc./
- Spadling/
- Russell Brands, LLC/
