Global Water Polo Equipment Market to Reach US$ 5.1 Billion by 2032, Fueled by Increased Interest in Aquatic Sports

August 24, 2023 | Retail

According to the latest report by IMARC Group, titled “Water Polo Equipment Market by Type (Swimsuits, Balls, Caps, Goal Posts), Distribution Channel (Sports and Specialty Stores, Supermarkets and Hypermarkets, Department Stores, Online Stores), and Region 2024-2032,” the global water polo equipment market size reached US$ 3.6 Billion in 2023. Water polo equipment constitutes a range of specialized gear and accessories essential for the sport of water polo, a dynamic and physically demanding aquatic team sport. They include water polo balls, caps, goals, and protective gear. Water polo balls are designed to be buoyant and have a strong grip to ensure optimal performance in the water. Caps are worn by players to differentiate teams and provide protection for the ears and head during the game. Water polo goals are sturdy structures placed at each end of the pool, serving as targets for scoring. Besides this, players wear protective gear, such as mouthguards and swim caps, for added safety during gameplay. Water polo equipment is carefully crafted to withstand the rigors of intense play, providing durability and functionality to meet the sport's unique requirements.

Global Water Polo Equipment Market Trends:

The increasing emphasis on promoting active and healthy lifestyles has led to a surge in interest in water sports, with water polo gaining traction as a competitive and enjoyable aquatic activity. This is primarily driving the growth of the water polo equipment market. Besides this, the sport's physicality and team-oriented nature attract participants from diverse age groups, driving the demand for water polo equipment in the market. Moreover, growing investments in aquatic sports infrastructure, including the construction and renovation of water polo facilities and swimming pools, have facilitated the expansion of water polo as a widely accessible sport, thereby contributing to the market's growth. In addition to this, the growing prominence of water polo as a prominent Olympic sport and its inclusion in major international tournaments has significantly enhanced its global visibility and spectator appeal, creating a positive outlook for the market. Concurrently, the continuous efforts by manufacturers to innovate and enhance the design and performance of water polo equipment have led to the introduction of technologically advanced products that offer improved durability, comfort, and functionality, aiding in market expansion. Furthermore, the rise of water polo as a popular team sport in schools, colleges, and universities has bolstered the adoption of water polo equipment in educational institutions globally, which, in turn, is presenting remunerative growth opportunities for the market. Looking forward, the market value is projected to reach US$ 5.1 Billion by 2032, expanding at a CAGR of 3.8% during 2024-2032.

Market Summary:

On the basis of the type, the market has been segregated into swimsuits, balls, caps, and goal posts. Among these, swimsuits represent the largest market segment.
Based on the distribution channel, the market is categorized into sports and specialty stores, supermarkets and hypermarkets, department stores, and online stores. Currently, sports and specialty stores dominate the market, holding the largest market share.
On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. Presently, North America enjoys the leading market position.
The competitive landscape of the market has also been examined, with some of the key players being Kap7 International Inc., Mikasa Corporation, TYR Sport Inc. (Swimwear Anywhere Inc.), etc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Types Covered	Swimsuits, Balls, Caps, Goal Posts
Distribution Channels Covered	Sports and Specialty Stores, Supermarkets and Hypermarkets, Department Stores, Online Stores
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Kap7 International Inc., Mikasa Corporation, TYR Sport Inc. (Swimwear Anywhere Inc.), etc.
Customization Scope	10% Free Customization
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Global Water Polo Equipment Market to Reach US$ 5.1 Billion by 2032, Fueled by Increased Interest in Aquatic Sports

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