SAN FRANCISCO, Sept. 16, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled «Volleyball Equipment – Global Market Trajectory & Analytics». The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 589
Companies: 44 – Players covered include Amer Sports; ASICS America Corporation; Baden Sports, Inc.; Mikasa Sports USA; Under Armour, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Volleyball Balls, Volleyball Shoes, Volleyball Protective Gears, Other Product Types); Sports Discipline (Indoor Volleyball Equipment, Beach Volleyball Equipment)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Volleyball Equipment Market to Reach $1.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Volleyball Equipment estimated at US$701.8 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2026, growing at a CAGR of 6.8% over the analysis period. Volleyball Balls, one of the segments analyzed in the report, is projected to record a 8.2% CAGR and reach US$475 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Volleyball Shoes segment is readjusted to a revised 6.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $203.9 Million in 2021, While China is Forecast to Reach $226.8 Million by 2026
The Volleyball Equipment market in the U.S. is estimated at US$203.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$226.8 Million by the year 2026 trailing a CAGR of 10.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
Volleyball Protective Gears Segment to Reach US$182.2 Million by the year 2026
In the global Volleyball Protective Gears segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$94.4 Million in the year 2020 will reach a projected size of US$139.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.