The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. adidas AG, Amer Sports Corp., BRG Sports, EGYM Inc., Kinexon GmbH, Mizuno Corp., PUMA SE, Spektacom Technologies Pvt Ltd, STATSports Group Ltd., and Under Armour Inc. are some of the major market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.43% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for smart sports equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increased adoption of connected wearable devices and the rising demand for sports analytics platforms will facilitate the smart sports equipment market growth in APAC over the forecast period.The smart sports equipment market share growth by the ball sports segment will be significant during the forecast period. The increasing demand for sports analytics platforms that rely on inputs obtained from connected sensors and connected equipment, such as connected tennis rackets, golf drivers and clubs, and baseballs, drives the growth of the segment.
Smart Sports Equipment Market 2021-2025: Vendor Analysis
We provide a detailed analysis of vendors operating in the Smart Sports Equipment Market. Backed with competitive intelligence and benchmarking, our research reports on the Smart Sports Equipment Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.Smart Sports Equipment Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist smart sports equipment market growth during the next five years
Estimation of the smart sports equipment market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the smart sports equipment market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of smart sports equipment market vendors
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