Global Sports Luggage Market 2017-2021
About Sports Luggage
Sports luggage is designed to carry and protect sports equipment and includes different types of luggage to meet the needs of athletes in a range of travel situations. Sports luggage comes in a range of designs and sizes capable of carrying equipment for outdoor and indoor sports like golf sports, ball sports, racket sports, hockey, and cricket. With increasing interest in sports, especially among children, the global sports luggage market will grow significantly during the forecast period.
Technavio’s analysts forecast the global sports luggage market to grow at a CAGR of 4.07% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sports luggage market for 2017-2021. To calculate the market size, the report considers the revenue generated through the retail sales of different types of sports luggage required for sports like golf sports, ball sports, racket sports, hockey, and cricket.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sports Luggage Market 2017-2021
Technavio recognizes the following companies as the key players in the global sports luggage market: adidas, Nike, Under Armour, VFC, and YONEX.
Other Prominent Vendors in the market are: ASICS America, Babolat, BAUER Hockey, DUNLOP SPORTS, Grays of Cambridge, Gunn & Moore and Unicorn Products, HEAD, KOOKABURRA, Prince Global Sports, PUMA, Slazenger, STX, Tecnifibre, and Wilson Sporting Goods.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of improved raw materials in sports equipment. There is an increased demand for lightweight sports equipment, including sports luggage. Lightweight sports luggage, with lightweight equipment in it, gives proper control to the user and provide them with a high level of flexibility, one of the preference factors by most consumers.”
According to the report, one driver in the market is growing participation of children in sports. Increasing interest in sports among children aged 5-12 years is a major driver that is expected to propel the growth of the global sports equipment, including sports luggage, market during the forecast period. Many schools and colleges today are providing their students with the required training for several sports activities like cricket, badminton, tennis, ball sports, and others, and encouraging them to participate in events and tournaments. For example, the University of Canberra Badminton Club of Australia aims to foster the growth of the club by allowing social play for all levels of ability, and providing shuttlecocks and rackets along with proper coaching to its students.
Further, the report states that one challenge in the market is worldwide growth of counterfeit sports goods. The easy availability of a number of counterfeit products will likely hinder the growth of the market during the forecast period. The presence of a number of counterfeit products will also lead to market fragmentation, which eventually might result in a lack of price standardization, an uneven competitive scenario, and market share erosion. Counterfeit products are priced at a much lower rate than branded products to gain a competitive advantage over international brands, but they lack quality and durability. However, these products are preferred by low-income consumers as they are affordable.
adidas, Nike, Under Armour, VFC, YONEX, ASICS America, Babolat, BAUER Hockey, DUNLOP SPORTS, Grays of Cambridge, Gunn & Moore and Unicorn Products, HEAD, KOOKABURRA, Prince Global Sports, PUMA, Slazenger, STX, Tecnifibre, and Wilson Sporting Goods.
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