Basketball Equipment Market

Basketball Equipment Market by Category (Basketball Shoes, Basketballs, Basketball Accessories and Basketball Training Equipment) Application (Specialty and Sports Shops, Department and Discount Stores and Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CG-609
  • Author: Growth Market Reports
  • Rating: 4.9
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  • No. Of Pages: 145
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The global basketball equipment market size is projected to register a substantial CAGR of 0.9% during the forecast period, 2021–2028. The growth of the market is attributed to rising influence of internet and media as a means to promote fitness, which has impacted the extensive growth of sports culture. Thereby, basketball events along with its growing popularity among teenagers and youngsters.

Basketball Equipment Market Key Takeaways

Basketball is a popular sport around the globe, it is played by two competing teams; each with five players on a court. These teams score points by throwing the basketball across an elevated horizontal hoop. Various equipments are used in playing basketball. Leagues such as the NBA (National Basketball Association) have several guidelines and parameters for the official basketball matches and the equipments to use.

The Covid-19 pandemic had an unpleasant impact on the basketball equipment market. The production has been on halt and both the demand and supply ware affected. The market suffered moderate loss; however the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • The rising number of sponsorships and scholarships by associations including NBA and FIBA etc. are anticipated to fuel the demand of the basketball equipment market during the forecast period
  • Advertisement and promotion by well-known celebrities, athletes and sportsmen lead to immense popularity for the sport. Thereby, directly influencing the market growth of basketball equipment.
  • Rapid growth of the sports industry along with globalization and access to internet and media around the globe are key factors driving the market expansion during the forecast period.
  • High cost of basketball equipment due to inconsistent supply of raw materials is estimated to restrict the market expansion.
  • Quality standards and regulations imposed by the basketball federation act as the main challenge to restrict the market growth.
  • R&D investment and technological advancement in brewing enzymes are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the global basketball equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Basketball Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Category (Basketball Shoes, Basketballs, Basketball Accessories and Basketball Training Equipment) Application (Specialty and Sports Shops, Department and Discount Stores and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Adidas, Amer Sports, Nike, Rawlings Sporting Goods, Spalding Sports Equipment and JORDAN


Market Segment insights

The liquid segment is projected to constitute a large market share
Based on category, the basketball equipment market is segregated into basketball shoes, basketballs, basketball accessories and basketball training equipment. The basketball shoes segment is expected to account for a key share of the market during the forecast period owing to Its design and quality, it is designed precisely for the intensity of the game with continuous running and jumping these shoes provide stability, comfort , flexibility and even act as shock absorber. On the other hand, the basketball accessories segment is anticipated to expand at a rapid pace during the forecast period owing to rise in popularity of the sport along with promotions and advertising by celebrities , athletes and sportsmen.

Specialty and Sports Shops segment is expected to register a substantial CAGR
Based on application, the global basketball equipment market is divided into specialty and sports shops, department and discount stores. The specialty and sports segment accounts for a key share of the market over the forecast period owing to its accessibility, ease of purchase and alternatives for the end users. However, department and discount stores are projected to grow over the forecast period due to availability of products in these stores are much more feasible.

Basketball Equipment Market By Applications

Asia Pacific is expected to dominate the market
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to expand at a robust CAGR during the forecast period. The regional market growth can be attributed to huge consumer base along with the strong attraction toward basketball as a sport.

Basketball Equipment Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Basketball Equipment Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Basketball Equipment Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Basketball Equipment Market - Supply Chain
  4.5. Global Basketball Equipment Market Forecast
     4.5.1. Basketball Equipment Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Basketball Equipment Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Basketball Equipment Market Absolute $ Opportunity
5. Global Basketball Equipment Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Basketball Equipment Market Size and Volume Forecast by Applications
     5.3.1. Specialty and sports shops
     5.3.2. Department and discount stores  
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Basketball Equipment Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Basketball Equipment Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Basketball Equipment Demand Share Forecast, 2019-2026
7. North America Basketball Equipment Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Basketball Equipment Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Basketball Equipment Market Size and Volume Forecast by Applications
     7.4.1. Specialty and sports shops
     7.4.2. Department and discount stores  
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Basketball Equipment Demand Share Forecast, 2019-2026
8. Latin America Basketball Equipment Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Basketball Equipment Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Basketball Equipment Market Size and Volume Forecast by Applications
     8.4.1. Specialty and sports shops
     8.4.2. Department and discount stores  
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Basketball Equipment Demand Share Forecast, 2019-2026
9. Europe Basketball Equipment Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Basketball Equipment Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Basketball Equipment Market Size and Volume Forecast by Applications
     9.4.1. Specialty and sports shops
     9.4.2. Department and discount stores  
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Basketball Equipment Demand Share Forecast, 2019-2026
10. Asia Pacific Basketball Equipment Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Basketball Equipment Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Basketball Equipment Market Size and Volume Forecast by Applications
     10.4.1. Specialty and sports shops
     10.4.2. Department and discount stores  
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Basketball Equipment Demand Share Forecast, 2019-2026
11. Middle East & Africa Basketball Equipment Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Basketball Equipment Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Basketball Equipment Market Size and Volume Forecast by Applications
     11.4.1. Specialty and sports shops
     11.4.2. Department and discount stores  
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Basketball Equipment Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Basketball Equipment Market: Market Share Analysis
  12.2. Basketball Equipment Distributors and Customers
  12.3. Basketball Equipment Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Adidas
     12.4.2. Amer Sports
     12.4.3. Nike
     12.4.4. Rawlings Sporting Goods
     12.4.5. Spalding Sports Equipment
Segments Covered in the Report
The basketball equipment market has been segmented on the basis of:-

Category
  • Basketball shoes
  • Basketballs
  • Basketball accessories
  • Basketball training Equipment
Applications
  • Specialty and sports shops
  • Department and discount stores
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Companies
  • Adidas
  • Amer Sports
  • Nike
  • Rawlings Sporting Goods
  • Spalding Sports Equipment
  • JORDAN.

Key players competing in the global basketball equipment market include Adidas, Amer Sports, Nike, Rawlings Sporting Goods, Spalding Sports Equipment and JORDAN.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares.

 Basketball Equipment Market By Key Players

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