Market Size of Global Outdoor Sports Luggage Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Outdoor Sports Luggage Market Analysis
The global outdoor sports luggage market is estimated to witness a CAGR of ~3.5% during the forecast period (2020 - 2025).
- The prominence of outdoor sports, owing to the health and wellness trends, the increasing influence of social media, celebrity endorsement, and rise in the number of international sports events are encouraging consumers to enter some of the other sorts of sports activities. This, in turn, has increased the demand for ball sports luggage across the world.
- Moreover, there is a rise in the participation rate in various ball sports, especially in football and golf, owing to increasing favorable government initiatives, such as grassroots programs held at schools, colleges, and clubs to encourage participation.
- With an aim to gain competitive advantage, manufacturers of ball sports luggage are more focused on developing new and innovative products, in order to fulfill the changing needs and demands of consumers by using advanced technologies. For instance, Nike and Adidas are using eco-friendly materials, such as organic cotton, recycled rubber, plastic materials, and water-based adhesives in their offerings.
- However, increasing availability of counterfeit products, especially in developing countries, is restraining the growth of this market to some extent.
