Water Polo Ball Market (2021 to 2027) – Growth, Trends, Opportunities, and Forecasts

Water Polo Ball Market has valued at US$ 862.1 Mn. in 2021. The Global Market size is estimated to grow at a CAGR of 5.8 % over the forecast period.
Water Polo Ball Market Overview:
A water polo ball is a ball used in water polo and canoe polo, typically with bright yellow color and an easy grip so that it is easy to hold with just one hand even though it is a large ball.

The market analyzes and forecasts the market size, in terms of value, for the market. Further, the Market is segmented by Category, Application, and Region. Based on Category, the market is segmented into Size 5, Size 4, and Mini polo. Based on the Application, the market is segmented under the Competition, Training, and Recreational activities. The market sizing and forecasts have been done for each segment based on value (in USD Million).



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2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Water Polo Ball Market Dynamics:
The market is expected to grow rapidly due to the increase in competitive players, growing awareness among people, and increased demand for recreational activities. The growth in global sports activities is expected to drive the market. The growing popularity of water-based recreational activities, such as kayaking, rafting, scuba diving, surfing, sailing, boating, fishing, etc., combined with growing awareness of safety issues related to these activities, will drive the demand for balls from manufacturers during the forecast period.

The market is expected to be restrained by high fluctuations in raw material prices during the forecast period. This is because many consumers use water polo balls for practice purposes.To overcome these limitations, organizations are using substandard materials in the production of the final product. Due to the use of inferior quality materials, small-scale manufacturers can cut down on their final costs. The low quality and high price of the product are both contributing to the decline in the growth of the market.

To improve the water polo ball, manufacturers need to invest in R&D to develop new materials that make the ball more durable and lightweight. With increasing popularity, the water polo ball may attract more consumers, resulting in more sales. The advancement of technology in water polo balls should offer the water polo industry a new opportunity with increasing popularity.

Water Polo Ball Market COVID-19 Insights:

During COVID-19, countries had to implement lockdowns that restricted consumers from traveling outside. As a result, ball sales have decreased. It was observed that the market experienced a dip in production as there were not enough workers to continue the production process. The sales procedure was also hindered due to the lack of stock in stores and online retailers. A significant factor was a disruption in the distribution channel, which prevented the manufacturing sectors from obtaining the raw materials they needed. Transport of final items to specific retailers was not feasible, consumers could not visit specialist shops, and there was no access to websites.

Water Polo Ball Market Trends:

Water sports are in trend and gaining popularity. Several factors are driving the market, such as the increasing popularity of world beach games organized by the Association of National Olympic Committees and the increasing number of water sports facilities around the world. Manufacturers are enhancing their distribution channels to increase sales, and as a result, the market is expected to witness the adoption of water polo equipment.

Water Polo Ball Market Segment Analysis:

Based on Category, the Market is segmented into Size 5, Size 4, and Mini Polo. The Mini Polo segment had the largest market share in 2021, and it will boost the market growth during the forecast period. The rules of mini-polo are very similar to those of regular water polo, and teams consist of four players instead of six. It can be played in any pool, lake, or even the ocean. The balls are only four ounces or 113 grams and have a diameter of eight inches or 20 cm. In the Brazilian Navy, it was developed as an alternative to full-size games for children who did not enjoy them. Some say it was invented out of necessity since there were no pools large enough to accommodate more than two teams at a time.



Based on Application, the  Market is segmented into Competition, Training, and Recreational activities. The Competition segment held the largest market share of more than 60.0% in terms of revenue in 2021. The segment growth is attributed to the fact that most of the players participate at a professional level, and hence, there are several tournaments organized regularly across the globe. For instance, according to MMR analysis, as of the end of 2021, there are more than 584 active clubs across Europe playing competitively which includes several national teams and club teams from 19 different countries, including Russia, Italy, France, and Spain.

The Training segment is expected to be the fastest-growing segment with CAGR of 8% through the forecast period, owing to an increased focus on fitness among working-class people, especially in emerging economies such as China, India, etc.
Water Polo Ball Market Regional Insights:
The North America region held the largest market share in 2021. North America is home to one of the biggest players in this market, with a revenue share of more than 30%. Growth will be driven by the popularity of water polo among young people due to its fun gameplay. The United States is the largest market for water polo in North America. The sport has a long history in the United States and is played at both the high school and college levels. There are also professional teams in the country, and recreational players also enjoy the sport. Followed by Europe, Europe has the second largest market share in 2021. Water polo is a popular sport in Europe, played both professionally and amateur level. There are several professional leagues in Europe, and the sport is also popular with recreational players.

The Asia Pacific region is expected to witness significant growth during the forecast period. Some countries, such as Australia and China, are beginning to become more popular with the sport.

The objective of the report is to present a comprehensive analysis of the global  Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Water Polo Ball Market dynamic, and structure by analyzing the market segments and projecting the Water Polo Ball Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Water Polo Ball Market make the report investor’s guide.
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Global Water Polo Ball Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2027


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 862.1 Mn.


Forecast Period 2022 to 2027 CAGR:
5.8%
Market Size in 2027:
US $ 1209 Mn.


 Segments Covered:
by Category
• Size 5
• Size 4
• Mini polo


by Application
• Competition
• Training
• Recreational activities



Water Polo Ball Market by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Water Polo Ball Market Key Players:
• MIKASA SPORTS USA
• Molten Corporation
• Keifer
• Sprint Aquatics
• MBND Sport LTD
• Turbo
• KAP7 International, Inc.
• HART Sport
• TACHIKARA HOLDINGS LIMITED
• Hans Raj Mahajan Worldwide
• Lanhua
• Arena
• Winner
• GIMER

Frequently Asked Questions:

1. What is the study period of the market?
Ans: The Global Water Polo Ball Market is studied from 2017-2027.

2. What is the growth rate of Water Polo Ball Market?
Ans: The Global Water Polo Ball Market is growing at a CAGR of 5.8% over next 6 years.

3. Which region has largest share in The Global Water Polo Ball Market?
Ans: Asia Pacific holds the largest share.

4. What is the Global Water Polo Ball Market segment based on Category?
Ans: Based on Category, The Global Water Polo Ball Market is divided into Size 5, Size 4, and Mini polo.

5. Who are the key players in the Global Water Polo Ball Market?
Ans: MIKASA SPORTS USA, Molten Corporation, Keifer, Sprint Aquatics, MBND Sport LTD, Turbo, KAP7 International, Inc., HART Sport, TACHIKARA HOLDINGS LIMITED, Hans Raj Mahajan Worldwide, Lanhua, Arena, Winner, and GIMER