Global Agility Training Equipment Market 2016-2020
About Agility Training Equipment
The global sports equipment market has been growing at a steady rate over the last few years. The significant growth in demand for sports equipment in APAC has been a key contributing factor. In 2015, Europe and the Americas saw high demand for adventure and ball sports equipment, while the APAC region registered a rapid increase in the sales of ball sports and fitness sports equipment. The market is also growing at a rapid rate in South and Central American countries primarily on the back of demand for adventure and ball sports equipment.
Technavio’s analysts forecast the global agility training equipment market to grow at a CAGR of 3.29% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global agility training equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of agility training equipment products to individual customers and sports teams in the global market.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Agility Training Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global agility training equipment market: BSN Sports, Champion Sports, KwikGoal, Pro Performance Sports, and Tandem Sport
Other Prominent Vendors in the market are: Aosom, CHAMPRO Sports, Pivotal 5, and Sports Invasion
Commenting on the report, an analyst from Technavio’s team said: “The global agility training equipment market has been seeing increased investment in R&D to improve product performance and compatibility with different requirements. The investments are aimed to improve the efficiency of the product and its safety for usage. Nanomaterials, such as carbon nanotubes, nano-clays, and silica nanoparticles are being increasingly used in agility training equipment to enhance their performance. These materials also reduce the weight and friction of the equipment, thereby making them more resistant to wear and tear, in turn, increasing the equipment's durability. This factor is expected to help the market grow immensely during the forecast period.”
According to the report, the sports industries in key growth countries have been growing significantly faster than their respective GDP growth rates over the last few years, primarily driven by the increased investments in sporting goods, infrastructure, and live sports events. This growth has had considerable positive impact on the global agility training equipment market. This trend is evident both in developed and developing economies. For instance, during 2010-2015, sports investment grew nearly 3.5 times that of the respective GDP growth rates of both France and Germany and close to three times in Japan. Whereas, for developing economies, the comparison growth rate stands at over eight times in Russia, close to three times in Mexico, over two times in India, close to two times in both Brazil and China.
Further, the report states that the managing of inventory is a crucial strategy concern for the global sports equipment industry. Consumer preferences change according to the latest trends in the industry, and this speeds up the inventory turnover requirements. Sports equipment suppliers or manufacturers then need to adjust to smaller orders placed by wholesalers and retailers, and improve inventory turnaround times. This puts pressure on the manufacturers’ raw material, quality control, transportation, and labor costs. Owing to the increase in energy prices worldwide and rise in manufacturing costs in China, where most of the world's sporting products are produced, the sports equipment industry has begun to seek more efficient production locations.
BSN Sports, Champion Sports, KwikGoal, Pro Performance Sports, Tandem Sport, Aosom, CHAMPRO Sports, Pivotal 5, Sports Invasion