The global Smart Sports Equipment Market size is expected to reach USD 5.44 Billion in 2030 and register a revenue CAGR of 9.2% over the forecast period, according to latest report by Reports and Data. Increasing demand for smart running shoes and rising need for smart sports equipment to track athlete performance are expected to drive market revenue growth during the forecast period. Rapid implementation of IoT in sports equipment is leading to increase in adoption of smart sports equipment. This is expected to boost growth of the smart Sports Equipment Market in near future.
Increasing consumer preference for latest technologies in sports equipment, such as smart sensors integrated with IoT, is increasing demand for smart sports equipment. IoT integrated sports equipment has been beneficial for sports trainers to improve athletes’ efficiency and performance on field, which is increasing adoption of smart sports equipment. Moreover, implementation of smart insoles and built-in chips in sports equipment helps in recognizing injuries during sports events. Therefore, implementation of IoT in sports equipment is increasing, which in turn, is expected to drive market revenue growth. Furthermore, growing usage of IoT in stadiums to improve digital fan engagement during sports events is expected to increase adoption of IoT in the sports industry and drive market revenue growth.
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Competitive Landscape:
The research report offers details about leading companies in the global Smart Sports Equipment Market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
- NIKE, Inc.
- PUMA SE
- Adidas AG
- Golfsmith International Holdings, Inc.
- Wilson Sporting Goods Company
- BABOLAT Vs S.A.
- Riddell, Inc.
- HockeyShot, Inc.
- ZeppLabs, Inc.
- Gridiron Technologies LLC.
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Smart Sports Equipment Market Segmentation based on Product:
- Smart Hockey Sticks
- Smart Golf Sticks
- Smart Rackets Bats
- Smart Balls
- Others
Smart Sports Equipment Market Segmentation based on Distribution Channel:
- Franchise Stores
- Specialty Stores
- Others
Smart Sports Equipment Market Segmentation based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East Africa)
Key Features of the global Smart Sports Equipment Market:
- The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
- The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
- Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
- Optimum strategic initiatives for new players in the market.
- Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
- The study also includes supply chain trends, including elaborate descriptions of the latest technological development
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