According to the latest report by IMARC Group, titled “Sports Luggage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global sports luggage market grew at a CAGR of around 3% during 2015-2020. Sports luggage refers to a range of cases, bags, and containers that help users to carry or store sports or gym equipment. This equipment can be used for carrying balls, dumbbells, water bottles, bands, rackets, nets, and clothes. There are various types of sports luggage available in the market, including tote bags, cinch bags, duffle bags and backpacks. They offer multifunctional capabilities and separate compartments to categorize belongings based on size and type.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Sports Luggage Market Trends:
The growing number of people competing in professional sports and the rising need for protective gear and other sporting goods are primarily driving the market. Other than this, the increasing prevalence of obesity and other health issues has prompted the young demographic to get involved in sports and related activities, which is propelling the market growth. The increasing demand for high-quality and spacious luggage during sports tournaments is fueling the market growth further. Also, rising disposable incomes and easy product availability through e-commerce platforms, particularly in developing countries, are promoting the growth of the market. Moreover, the growing interest in adventure sports, in confluence with the expansion in the travel and tourism industry, is influencing the market growth. Looking forward, the market is expected to exhibit moderate growth during 2021-2026.
- According to the type, the market has been classified into golf, ball sports golf, racket sports golf, hockey, cricket luggage and others.
- On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, specialty stores, online stores and others.
- On a regional basis, the market has been spread across North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and Middle East and Africa.
- The competitive landscape of the market has also been examined with some of the key players being Adidas AG, Amer Sports (Anta Sports Products Limited), ASICS Corporation, Callaway Golf Company, Kookaburra Sport Pty Ltd, Nike Inc., PUMA SE, Under Armour Inc., VF Corporation and Yonex Co. Ltd.
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