Sport Industry

eSports Market to Grow 7x between 2018-2028 to Surpass US$ 6000 Million by 2028, Finds a New Study

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The eSports market is likely to surpass US$ 6,000 million by 2028-end on account of sizeable sponsorships, growing smartphone adoption, introduction of virtual reality and ameliorating eSports infrastructure. A new study on the global eSports market by Fact.MR estimates global revenues to grow by 7x through 2028.

As the commercial platform of eSports industry includes the amalgamation of multiple avenues across industries starting from an eSports infrastructure to the broadcast media, the report covers all the vital avenues of the eSports market. Elaborating further, the eSports market is categorized in segments based on device, end-user, age group, revenue stream and region that hold significant influence on the overall performance of the eSports market.

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Cycling Apparel Market: Cycling Apparel Sales Remain Renascent in Sports Variety Stores Channel

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Cycling apparel market has been witnessing significant momentum as sales of cycling apparel via sports variety stores reflect an increase across regions worldwide. Apart from sports variety stores, growth in cycling apparel volume sales via third party online sales channel and modern trade channels s expected to increase during the forecast period. Considering the convenience aspect, the third party online sales channel is expected to provide new growth opportunities, given the pervasiveness of e-commerce as manufacturers can leverage the reach of online channels to touch base remote customers in inaccessible areas.

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Fact.MR has compiled various aspects of cycling apparel and presented in a new research report. According to the report, the cycling apparel market is projected to expand at a significant pace during the 2018-2028 timeline (review period), largely driven by increasing number of cyclists across developed as well as emerging regions worldwide.

Pole Vault Equipment Market: Pole Vault Equipment Sales Remain Resurgent in Direct to Customer Channel

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The pole vault equipment market has been witnessing a considerable shift from conventional distribution channel towards direct to customer sales channel, given its benefit of building strong relationship between manufacturers and customers with respect to brand image. Moreover, direct to customer sales channel allows companies to gain customer data that can be used to enhance business development and build long term relationship with customers.

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Apart from direct to consumer sales channel, sales of pole vault equipment through sports variety stores channel are likely to remain resurgent with significant volume flowing through this distribution network during the period of forecast, 2018-2028. According to Fact.MR, the pole vault equipment market is projected to expand at a meek pace during the period of assessment with sales of pole vault equipment largely concentrated in the developed countries.

Wetsuits to Witness Steady Demand on Back of Surging Applications in Recreational Water Sports to Boost Adoption of Wetsuits in the Coming Decade

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The wetsuit market is witnessing a substantial shift from conventional sales channel to third party online sales channel with the growing pervasiveness of e-commerce. Manufacturers are leveraging popularity and reach of online selling model to touch base customers in remote areas or relatively inaccessible areas in rural markets for increasing wetsuit sales.

Apart from third party online sales channel, sales of wetsuits via sports variety stores are likely to remain resurgent with high volume flowing through this distribution network during the period of forecast, 2018-2028. According to the new research report by FactMR, the global wetsuit market is projected to expand at a steady rate in terms of volume throughout 2018-2028. Overall, the research report is optimistic on the prospects of wetsuit market considering the global perspective.

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Global Wetsuit Market: North America’s Wetsuit Demand Remains Concentrated in the United States

Golf Apparel Market Research and Forecast Report with Trend Analysis & Competition Tracking – Global Review 2017 to 2026

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Increasing popularity of golf across the globe has led to a rise in participations in the particular sport. Moreover, growing viewership of pro-golf tournaments is resulting in more individuals taking up the sport.  This is falling brightly on the global demand for golf equipment and apparels. According to the latest report published by Fact.MR, the global golf apparel market is set to surpass a valuation of US$ 6,600 Mn by the year 2026. There has been a steady growth in golf enthusiasm among the youth population. A sports that was previously marked by elitism is now attracting the general classes of the society.  For instance, The 2017 PGA merchandise show - a trade-only event for qualified golf industry professionals held at Orlando U.S.A recorded overwhelming attendance. Over the years, a large number of courses have mushroomed, allowing more youth participation. The sport also graced the 2016 Rio Olympics after nearly a century of nonappearance. With golf courses becoming more accessible, the participation number is also going up. The aforementioned factors are reflecting favorably on the global golf apparel market.

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