Team Sports Equipment - Bhutan
Bhutan- in Bhutan, a country known for its rich history and cultural heritage, is also a part of the global market for Team Sports Equipment market.
- In 2024, the revenue in this market amounts to US$1.5m, indicating its significance in the industry.
- Looking ahead, the market is expected to experience an annual growth rate of 8.31% (CAGR 2024-2029), showcasing its potential for further expansion.
- When comparing the global market, it is noteworthy that China leads the way in terms of revenue generation.
- In 2024, China's revenue in the Team Sports Equipment market reaches a staggering US$2.0bn, highlighting its dominance in the industry.
- To understand the economic impact of the Team Sports Equipment market, it is essential to consider the per person revenues.
- In 2024, the per person revenue generated in this market amounts to US$1.88.
- This figure provides insights into the financial contribution of each individual within the population towards the Team Sports Equipment market.
- Overall, the Team Sports Equipment market presents a significant opportunity for Bhutan to tap into a thriving industry that spans globally.
- With its unique cultural context and potential for growth, in Bhutan can contribute to the market's development and further enhance its position in the industry.
- In Bhutan, the demand for traditional archery equipment is surging, reflecting the country's deep-rooted cultural affinity for the sport.
- Key regions:
- Indonesia,
- China,
- United States,
- Europe,
- Italy
Definition:
Team sports equipment refers to the tools and accessories used for team-based sports such as basketball, soccer, football, hockey, and volleyball. The equipment can be broadly classified into two categories: protective gear and playing gear. Protective gear includes items such as helmets, pads, and mouthguards that are designed to protect players from injury. Playing gear includes items such as balls, bats, sticks, and goals that are used to play the sport. The team sports equipment market is highly dependent on factors such as the popularity of the sport, technological advancements in equipment design, and the availability of raw materials.
Additional Information:
The market comprises revenue and average revenue per capita. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like Adidas, Nike, Under Armour, Puma, and New Balance. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.
In-Scope
- Balls
- Gloves, shin guards, knee pads, helmets, and other protective gear
- Hoops, nets, goals, and other court equipment
Out-Of-Scope
- Hoodies, fleece shirts, tank tops, pants, and other sports apparel
- Basketball, soccer, and volleyball shoes, sneakers, and other sports footwear
