DUBLIN--(BUSINESS WIRE)--The "Team Sports Market: Global Demand Analysis & Opportunity Outlook 2024" report has been added to ResearchAndMarkets.com's offering.
Global team sports market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period
Moreover, the global team sports market is expected to reach USD 25,346.5 Million in 2024 from USD 13,700.0 Million in 2016
The market of team sports is mainly driven by increasing awareness amongst the population regarding fitness and wellness. Moreover, rising number of sport events coupled with increasing participation from various teams is expected to increase sales value growth of the team sports market over the forecast period.
Geographically, North America is slated to account for a leading share of 37.5% in 2016 in the team sports market. Rapid growing and expansion of basketball and football in the region is anticipated to foster the growth of the North America team sports market. Besides, high popularity of pro football and volleyball league is also expected to drive the growth of team sports market in the North America. U.S. and Canada are the prominent market in the region.
Europe market is expected to expand at a significant CAGR during the forecast period i.e. 2017-2024. Presence of major players in the region is expected to positively impact the growth of team sports market in the Europe region. Moreover, recent Summer Olympic Games and European Football Championship have strengthened the market of team sports in the region.
Asia-Pacific is expected to showcase lucrative growth over the forecast period i.e. 2017-2024. Factors such as government funding to encourage the adoption of sports are expected to fuel the demand for team sports in the Asia Pacific region in the upcoming years.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Risk Analysis
4. Top Countries with Highest demand for Team Sports - By Region
5. Global Team Sports Market Size (USD Million) and Forecast, 2016-2024
6. Market Dynamics & Its Impact Analysis
7. Global Market Segmentation Analysis
8. Competitive Landscape
- Adidas Group/
- NIKE, Inc./
- PUMA SE/
- Under Armour/
- Fila Inc/
- New Balance Athletics, Inc.
- Russell Brands, LLC
For more information about this report visit https://www.researchandmarkets.com/research/vv2ttg/team_sports?w=4