Exploring the Global Sports Luggage Market: Trends, Growth Projections, and Competitor Analysis
Sports bags have become immensely popular worldwide, as people from different corners of the globe embrace sports as a means of staying active and healthy. The demand for sports luggage has seen a significant surge, with individuals increasingly looking for high-quality bags to carry their sports equipment and gear. This emerging global market for sports luggage has become a lucrative industry, attracting both established brands and new players looking to capitalize on the growing trend. With an increasing number of people participating in various sports activities, the demand for sports luggage is expected to continue expanding in the future.
Sports luggage is a booming industry worldwide.
Dublin, August 09, 2023 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com is pleased to present you with the latest addition to their collection, the "Global Strategic Business Report on Sports Luggage."
The study titled presents a thorough examination of the worldwide sports bag industry across diverse geographical areas, encompassing the United States, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.
The article provides information on the latest, ongoing, and upcoming patterns in yearly sales of athletic bags including sports like basketball, soccer, tennis, hockey, and other categories. It provides a comprehensive view over a 16-year period, from 2014 to 2030, showcasing the proportionate distribution of sales value across various regions and timeframes.
The article also discusses the ways in which products are distributed - through physical stores and internet platforms. It examines important rivals and their representation in different parts of the world. This report is a valuable tool for comprehending the ever-changing state of the sports luggage market and making well-informed choices within the industry.
The sports luggage market worldwide is projected to achieve a valuation of $3.2 billion by the year 2030.
In the new business world after COVID-19, the worldwide market for Sports Bags, which was valued at $2 billion in 2022, is forecasted to expand to $3.2 billion by 2030. This growth is expected to occur at a compound annual growth rate (CAGR) of 6% during the analysis period of 2022-2030.
Within the report, the researchers have examined Ball Sports and predict that it will experience a Compound Annual Growth Rate (CAGR) of 7%, leading to a total worth of US$1.1 Billion by the end of the analysis period. Considering the current recovery following the pandemic, the Golf segment's growth rate has been revised to 5.8% CAGR for the following eight years.
The estimated value of the U.S. market stands at $555.1 million, while China is expected to experience a compound annual growth rate (CAGR) of 9.2%.
The estimated value of the Sports Luggage market in the United States in 2022 is around $555.1 million. China, which is the second largest economy in the world, is expected to reach a market size of approximately $691.9 million by 2030, with a compound annual growth rate (CAGR) of 9.2% between 2022 and 2030.
Two other important geographical markets to watch out for are Japan and Canada. Japan is expected to experience a growth rate of 3.9% while Canada is forecasted to have a growth rate of 5% between 2022 and 2030. In Europe, Germany is projected to have a Compound Annual Growth Rate (CAGR) of around 4.6%.
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The worldwide industry for sports baggage
