Global Smart Sports Equipment Market size is expected to reach nearly US$ 5085.63 Mn. by 2029 with the CAGR of 7.9% during the forecast period.Global Smart Sports Equipment Market Overview:
Smart sports equipment are those sports equipment which are digitally connected with sensors & allow sports persons or athletes to monitor, track, analyze, & increase their performance. There are many smart sports equipment available in the market. These contain smart basketball, smart footballs & others. The acceptance of IOT in many sports equipment like watersports, tennis, basketball, football, & more enables users to get new & advance features, which are not existing with the traditional sport equipment. For example, smart balls which allow consumers to detect & track analytics regarding the flight path, spin, & speed of the ball & offer this information to users via smartphones. A sport person cannot get these features & benefits by using a traditional sports equipment Thus, this reason drives the development of the smart sports equipment market.To know about the Research Methodology :- Request Free Sample Report
Global Smart Sports Accessories Market:
Smart sports equipment like smart helmet, smart sports wearables, & others bid athletes safety as they help in tracking heart rate & protect them from injuries. These features help raise their demand among the coaches & sport persons thus paying in fostering the development of the smart sports equipment market. However, the low penetration of smart sports equipment in the region like LAMEA & APAC is estimated to impede the development of the smart sports equipment market during the forecast period. Eight trends are shaping the sporting goods industry in 2021: In the year 2020, the sporting goods industry contracted for the 1st time since the financial crisis of 2007–08. Most brands, retailers, & manufacturers ended the year significantly in the red, despite a bounce back in activity after the 1st & before the 2nd wave of corona virus related lockdowns. The exception was the Chinese market, which continued its part as the industry’s development engine after expanding at an average of 16.5 percent a year (CAGR) from 2018 to 2020. Sporting goods establishments saw their market estimates fall in the early months of the pandemic. However, they tended to outperform the wider marker as the year progressed, with sports-equipment makers (particularly bicycle & digitally enabled fitness equipment) doing especially well. Sportswear establishments were also more resilient than the rest of the apparel industry. Individual outdoor sports & home exercise are expected to experience a lasting in participation in 2021 Expected increase in participation in 2021vs pre-Covid 19, % of respondents:Smart Baseball Bats and Golf Sticks to Account for nearly 40 percent total revenue Share
Growing consumer spending in these two sporting events is anticipated to play a major role in driving the sales of smart golf sticks & smart baseball bats. Moreover, the demand for sensor-equipped sporting equipment in baseball & golf is gaining traction due to high reward money for sporting events through these categories, & growing improvement of participants through data-driven performance analysis. In the year 2022, total sales of smart baseball bats & smart golf sticks are projected to collectively account for close to 40 percent share of total smart sports equipment revenues.Increasing Demand for Real-time Data Synching:
Real-time data examination of performance of the athletes can guide coaches towards finding movements or tactics which are dropping the performance levels at particular moments of gameplay. Wearing smart sports equipment & analyzing the data after the gameplay can be less productive than real-time data synching. Technology specialists can evaluate more information from the players’ performance, sensing moments of peak performance as well as tiredness. The MMR study report projects that by the end of year 2022, over US$ 500 Million worth of smart sports equipment sold in the global market will be equipped with real-time data synching as a main connectivity feature. North America was the leading market for smart sports equipment in the year 2019 owing to high internet penetration in this region accounting for 7.4 percent out of the global internet users through the world. Moreover, the constant increase in the sports participation in North American nations like the United States which improved from 18.4 percent in the 2017 to 19.5 in 2018 every year. This is expected to increase the demand for sports equipment among the users. This fact is anticipated to create a good opportunity for the in the upcoming years in such countries.Key Benefits for Smart Sports Equipment Market:
The key nations in all the major regions are mapped based on their smart sports equipment market size. Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network. A comprehensive analysis of factors that drive and restrict the smart sports equipment market growth is provided. An in-depth smart sports equipment market analysis of the global market helps determine the prevailing market opportunities. The report includes details of the analysis of the regional and global markets, key players, smart sports equipment market share, application areas, and growth strategies. The report covers Specialty Stores, Franchise Stores, Online Stores, with detailed analysis Global Smart Sports Equipment Market industry with the classifications of the market on the Type, Distribution Channel& region. Analysis of past market dynamics from 2018 to 2022 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it. The report has profiled twelve key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced Plastic Type, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.Scope of the Global Smart Sports Equipment Market: Inquire before buying
Global Smart Sports Equipment Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 2986.72 Mn. Forecast Period 2023 to 2029 CAGR: 7.9% Market Size in 2029: US $ 5085.63 Mn. Segments Covered: by Type Smart Balls Smart Golf Stick The Smart Hockey Sticks Smart Rackets Bats Others by Distribution Channel Specialty Stores Franchise Stores Online Stores Global Smart Sports Equipment Market, By Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Smart Sports Equipment Market Key Players
1.NIKE, Inc. 2.Golfsmith International Holdings, Inc. 3.PUMA SE 4.Adidas AG 5.Wilson Sporting Goods 6.BABOLAT VS S.A. 7.HockeyShot Inc. 8.Riddell 9.Zepp Labs, Inc. 10.Gridiron Technologies. Frequently Asked Questions: 1. Which region has the largest share in Global Smart Sports Equipment Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Smart Sports Equipment Market? Ans: The Global market is growing at a CAGR of 7.9% during forecasting period 2023-2029. 3. What is scope of the Global Smart Sports Equipment Market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What was the Global Smart Sports Equipment Market size in 2022? Ans: The Global market was valued at US$ 2986.72 Mn. In 2022. 5. What is the study period of this Market? Ans: The Global Smart Sports Equipment Market is studied from 2022 to 2029.
Global Smart Sports Equipment Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Smart Sports Equipment Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Smart Sports Equipment Market Analysis and Forecast 7. Global Smart Sports Equipment Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Smart Sports Equipment Market Value Share Analysis, by Type 7.4. Global Smart Sports Equipment Market Size (US$ Mn) Forecast, by Type 7.5. Global Smart Sports Equipment Market Analysis, by Type 8. Global Smart Sports Equipment Market Analysis and Forecast, by Distribution Channel. 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Smart Sports Equipment Market Value Share Analysis, by Distribution Channel 8.4. Global Smart Sports Equipment Market Size (US$ Mn) Forecast, by Distribution Channel 8.5. Global Smart Sports Equipment Market Analysis, by Distribution Channel 8.6. Global Smart Sports Equipment Market Attractiveness Analysis, by Distribution Channel. 9. Global Smart Sports Equipment Market Analysis and Forecast, by Region 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Smart Sports Equipment Market Value Share Analysis, by Region 9.4. Global Smart Sports Equipment Market Size (US$ Mn) Forecast, by Region 9.5. Global Smart Sports Equipment Market Analysis, by Region 10. Global Smart Sports Equipment Market Analysis 10.1. Key Findings 10.2. Global Smart Sports Equipment Market Overview 10.3. Global Smart Sports Equipment Market Forecast, by Type 10.3.1. Smart Balls 10.3.2. Smart Golf Stick 10.3.3. Smart Hockey Sticks 10.3.4. Smart Rackets 10.3.5. Bats 10.3.6. Others 10.4. Global Smart Sports Equipment Market Forecast, by Distribution Channel. 10.4.1. Specialty Stores 10.4.2. Franchise Stores 10.4.3. Online Stores 10.5. Global Smart Sports Equipment Market Forecast, by Region 10.5.1. North America 10.5.2. Europe 10.5.3. Asia-Pacific 10.5.4. MEA & Africa 10.5.5. Latin America 10.6. PEST Analysis 10.7. Key Trends 10.8. Key Developments 11. North-America Smart Sports Equipment Market Analysis 11.1. Key Findings 11.2. North America Smart Sports Equipment Market Forecast, by Type 11.2.1. Smart Balls 11.2.2. Smart Golf Stick 11.2.3. Smart Hockey Sticks 11.2.4. Smart Rackets 11.2.5. Bats 11.2.6. Others 11.3. North America Smart Sports Equipment Market Forecast, by Distribution Channel. 11.3.1. Specialty Stores 11.3.2. Franchise Stores 11.3.3. Online Stores 11.4. North-America Smart Sports Equipment Market Forecast, by Country 11.4.1. US 11.4.2. Canada 11.5. US Smart Sports Equipment Market Forecast, by Type 11.5.1. Smart Balls 11.5.2. Smart Golf Stick 11.5.3. Smart Hockey Sticks 11.5.4. Smart Rackets 11.5.5. Bats 11.5.6. Others 11.6. US Smart Sports Equipment Market Forecast, by Distribution Channel. 11.6.1. Specialty Stores 11.6.2. Franchise Stores 11.6.3. Online Stores 11.7. Canada Smart Sports Equipment Market Forecast, by Type 11.7.1. Smart Balls 11.7.2. Smart Golf Stick 11.7.3. Smart Hockey Sticks 11.7.4. Smart Rackets 11.7.5. Bats 11.7.6. Others 11.8. Canada Smart Sports Equipment Market Forecast, by Distribution Channel. 11.8.1. Specialty Stores 11.8.2. Franchise Stores 11.8.3. Online Stores 11.9. PEST Analysis 11.10. Key Trends 11.11. Key Developments 12. Europe Smart Sports Equipment Market Analysis 12.1. Key Findings 12.2. Europe Smart Sports Equipment Market Overview 12.3. Europe Smart Sports Equipment Market Forecast, by Type 12.3.1. Smart Balls 12.3.2. Smart Golf Stick 12.3.3. Smart Hockey Sticks 12.3.4. Smart Rackets 12.3.5. Bats 12.3.6. Others 12.4. Europe Smart Sports Equipment Market Forecast, by Distribution Channel. 12.4.1. Specialty Stores 12.4.2. Franchise Stores 12.4.3. Online Stores 12.5. Europe Smart Sports Equipment Market Forecast, by Country 12.5.1. UK 12.5.2. France 12.5.3. Germany 12.5.4. Russia 12.5.5. Italy 12.5.6. Rest of Europe 12.6. UK Smart Sports Equipment Market Forecast, by Type 12.6.1. Smart Balls 12.6.2. Smart Golf Stick 12.6.3. Smart Hockey Sticks 12.6.4. Smart Rackets 12.6.5. Bats 12.6.6. Others 12.7. UK Smart Sports Equipment Market Forecast, by Distribution Channel. 12.7.1. Specialty Stores 12.7.2. Franchise Stores 12.7.3. Online Stores 12.8. France Smart Sports Equipment Market Forecast, by Type 12.8.1. Smart Balls 12.8.2. Smart Golf Stick 12.8.3. Smart Hockey Sticks 12.8.4. Smart Rackets 12.8.5. Bats 12.8.6. Others 12.9. France Smart Sports Equipment Market Forecast, by Distribution Channel. 12.9.1. Specialty Stores 12.9.2. Franchise Stores 12.9.3. Online Stores 12.10. Germany Smart Sports Equipment Market Forecast, by Type 12.10.1. Smart Balls 12.10.2. Smart Golf Stick 12.10.3. Smart Hockey Sticks 12.10.4. Smart Rackets 12.10.5. Bats 12.10.6. Others 12.11. Germany Smart Sports Equipment Market Forecast, by Distribution Channel. 12.11.1. Specialty Stores 12.11.2. Franchise Stores 12.11.3. Online Stores 12.12. Russia Smart Sports Equipment Market Forecast, by Type 12.12.1. Smart Balls 12.12.2. Smart Golf Stick 12.12.3. Smart Hockey Sticks 12.12.4. Smart Rackets 12.12.5. Bats 12.12.6. Others 12.13. Russia Smart Sports Equipment Market Forecast, by Distribution Channel. 12.13.1. Specialty Stores 12.13.2. Franchise Stores 12.13.3. Online Stores 12.14. Rest of Europe Smart Sports Equipment Market Forecast, by Type 12.14.1. Smart Balls 12.14.2. Smart Golf Stick 12.14.3. Smart Hockey Sticks 12.14.4. Smart Rackets 12.14.5. Bats 12.14.6. Others 12.15. Rest of Europe Smart Sports Equipment Market Forecast, by Distribution Channel. 12.15.1. Specialty Stores 12.15.2. Franchise Stores 12.15.3. Online Stores 12.16. PEST Analysis 12.17. Key Trends 12.18. Key Developments 13. Asia-Pacific Smart Sports Equipment Market Analysis 13.1. Key Findings 13.2. Asia-Pacific Smart Sports Equipment Market Overview 13.3. Asia-Pacific Smart Sports Equipment Market Forecast, by Type 13.3.1. Smart Balls 13.3.2. Smart Golf Stick 13.3.3. Smart Hockey Sticks 13.3.4. Smart Rackets 13.3.5. Bats 13.3.6. Others 13.4. Asia-Pacific Smart Sports Equipment Market Forecast, by Distribution Channel. 13.4.1. Specialty Stores 13.4.2. Franchise Stores 13.4.3. Online Stores 13.5. Asia-Pacific Smart Sports Equipment Market Forecast, by Country 13.5.1. China 13.5.2. India 13.5.3. Japan 13.5.4. Malaysia 13.5.5. Indonesia 13.5.6. Rest of Asia-Pacific 13.6. China Smart Sports Equipment Market Forecast, by Type 13.6.1. Smart Balls 13.6.2. Smart Golf Stick 13.6.3. Smart Hockey Sticks 13.6.4. Smart Rackets 13.6.5. Bats 13.6.6. Others 13.7. China Smart Sports Equipment Market Forecast, by Distribution Channel. 13.7.1. Specialty Stores 13.7.2. Franchise Stores 13.7.3. Online Stores 13.8. India Smart Sports Equipment Market Forecast, by Type 13.8.1. Smart Balls 13.8.2. Smart Golf Stick 13.8.3. Smart Hockey Sticks 13.8.4. Smart Rackets 13.8.5. Bats 13.8.6. Others 13.9. India Smart Sports Equipment Market Forecast, by Distribution Channel. 13.9.1. Specialty Stores 13.9.2. Franchise Stores 13.9.3. Online Stores 13.10. Japan Smart Sports Equipment Market Forecast, by Type 13.10.1. Smart Balls 13.10.2. Smart Golf Stick 13.10.3. Smart Hockey Sticks 13.10.4. Smart Rackets 13.10.5. Bats 13.10.6. Others 13.11. Japan Smart Sports Equipment Market Forecast, by Distribution Channel. 13.11.1. Specialty Stores 13.11.2. Franchise Stores 13.11.3. Online Stores 13.12. ASEAN Smart Sports Equipment Market Forecast, by Type 13.12.1. Smart Balls 13.12.2. Smart Golf Stick 13.12.3. Smart Hockey Sticks 13.12.4. Smart Rackets 13.12.5. Bats 13.12.6. Others 13.13. ASEAN Smart Sports Equipment Market Forecast, by Distribution Channel. 13.13.1. Specialty Stores 13.13.2. Franchise Stores 13.13.3. Online Stores 13.14. Rest of APAC Smart Sports Equipment Market Forecast, by Type 13.14.1. Smart Balls 13.14.2. Smart Golf Stick 13.14.3. Smart Hockey Sticks 13.14.4. Smart Rackets 13.14.5. Bats 13.14.6. Others 13.15. Rest of APAC Smart Sports Equipment Market Forecast, by Distribution Channel. 13.15.1. Specialty Stores 13.15.2. Franchise Stores 13.15.3. Online Stores 13.16. PEST Analysis 13.17. Key Trends 13.18. Key Developments 14. MEA & Africa Smart Sports Equipment Market Analysis 14.1. Key Findings 14.2. MEA &Africa Smart Sports Equipment Market Overview 14.3. MEA &Africa Smart Sports Equipment Market Forecast, by Type 14.3.1. Smart Balls 14.3.2. Smart Golf Stick 14.3.3. Smart Hockey Sticks 14.3.4. Smart Rackets 14.3.5. Bats 14.3.6. Others 14.4. MEA &Africa Smart Sports Equipment Market Forecast, by Distribution Channel. 14.4.1. Specialty Stores 14.4.2. Franchise Stores 14.4.3. Online Stores 14.5. MEA &Africa Smart Sports Equipment Market Forecast, by Country 14.5.1. GCC 14.5.2. South Africa 14.5.3. Rest of MEA & Africa 14.6. GCC Smart Sports Equipment Market Forecast, by Type 14.6.1. Smart Balls 14.6.2. Smart Golf Stick 14.6.3. Smart Hockey Sticks 14.6.4. Smart Rackets 14.6.5. Bats 14.6.6. Others 14.7. GCC Smart Sports Equipment Market Forecast, by Distribution Channel. 14.7.1. Specialty Stores 14.7.2. Franchise Stores 14.7.3. Online Stores 14.8. South Africa Smart Sports Equipment Market Forecast, by Type 14.8.1. Smart Balls 14.8.2. Smart Golf Stick 14.8.3. Smart Hockey Sticks 14.8.4. Smart Rackets 14.8.5. Bats 14.8.6. Others 14.9. South Africa Smart Sports Equipment Market Forecast, by Distribution Channel. 14.9.1. Specialty Stores 14.9.2. Franchise Stores 14.9.3. Online Stores 14.10. Rest of MEA &Africa Smart Sports Equipment Market Forecast, by Type 14.10.1. Smart Balls 14.10.2. Smart Golf Stick 14.10.3. Smart Hockey Sticks 14.10.4. Smart Rackets 14.10.5. Bats 14.10.6. Others 14.11. Rest of MEA &Africa Smart Sports Equipment Market Forecast, by Distribution Channel. 14.11.1. Specialty Stores 14.11.2. Franchise Stores 14.11.3. Online Stores 14.12. PEST Analysis 14.13. Key Trends 14.14. Key Developments 15. Latin America Smart Sports Equipment Market Analysis 15.1. Key Findings 15.2. Latin America Smart Sports Equipment Market Overview 15.3. Latin America Smart Sports Equipment Market Forecast, by Type 15.3.1. Smart Balls 15.3.2. Smart Golf Stick 15.3.3. Smart Hockey Sticks 15.3.4. Smart Rackets 15.3.5. Bats 15.3.6. Others 15.4. Latin America Smart Sports Equipment Market Forecast, by Distribution Channel. 15.4.1. Specialty Stores 15.4.2. Franchise Stores 15.4.3. Online Stores 15.5. Latin America Smart Sports Equipment Market Forecast, by Country 15.5.1. Mexico 15.5.2. Brazil 15.5.3. Rest of Latin America 15.6. Mexico Smart Sports Equipment Market Forecast, by Type 15.6.1. Smart Balls 15.6.2. Smart Golf Stick 15.6.3. Smart Hockey Sticks 15.6.4. Smart Rackets 15.6.5. Bats 15.6.6. Others 15.7. Mexico Smart Sports Equipment Market Forecast, by Distribution Channel. 15.7.1. Specialty Stores 15.7.2. Franchise Stores 15.7.3. Online Stores 15.8. Brazil Smart Sports Equipment Market Forecast, by Type 15.8.1. Smart Balls 15.8.2. Smart Golf Stick 15.8.3. Smart Hockey Sticks 15.8.4. Smart Rackets 15.8.5. Bats 15.8.6. Others 15.9. Brazil Smart Sports Equipment Market Forecast, by Distribution Channel. 15.9.1. Specialty Stores 15.9.2. Franchise Stores 15.9.3. Online Stores 15.10. Rest of LA Smart Sports Equipment Market Forecast, by Type 15.10.1. Smart Balls 15.10.2. Smart Golf Stick 15.10.3. Smart Hockey Sticks 15.10.4. Smart Rackets 15.10.5. Bats 15.10.6. Others 15.11. Rest of LA Smart Sports Equipment Market Forecast, by Distribution Channel. 15.11.1. Specialty Stores 15.11.2. Franchise Stores 15.11.3. Online Stores 15.12. PEST Analysis 15.13. Key Trends 15.14. Key Developments 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Market Share Analysis, by Region 16.3. Market Share Analysis, by Country 16.4. Competition Matrix 16.4.1. Competitive Benchmarking of key players by price, presence, market share, Raw material and R&D investment 16.4.2. New Raw material Launches and Raw material Enhancements 16.4.2.1. Market Consolidation 16.4.2.2. M&A by Regions, Investment and Raw material 16.4.2.3. M&A Key Players, Forward Integration and Backward Integration 16.5. Company Profiles: Key Players 16.5.1. NIKE, Inc. 16.5.2. Golfsmith International Holdings, Inc. 16.5.3. PUMA SE 16.5.4. Adidas AG 16.5.5. Wilson Sporting Goods 16.5.6. BABOLAT VS S.A. 16.5.7. HockeyShot Inc. 16.5.8. Riddell 16.5.9. Zepp Labs, Inc. 16.5.10. Gridiron Technologies.