250 page market research report by Fact.MR, (Leading business and competitive intelligence provider) on Backboard Market Sales projects the global revenues during 2018 to 2028.
Finding Space on Retail Shelves, Both Brick & Mortar as Well as Digital
Like several other sporting accessories, backboards have successfully been able to find a place on retail shelf space, not only at modern trade outlets but also on digital retail platforms.
A backboard is a basketball accessory that has gained special attention, from amateur to professional players, and from sporting goods retailers to backboard manufacturers.
The global market for backboards houses over a thousand small and large manufacturers, of which, a majority operate locally, and a handful of backboard manufacturers have a global reach.
Awareness about fitness among the masses has resulted in an amplified demand for sporting goods and equipment, and the sales volume of backboards over past three year substantiates the same. This can be further substantiated by increasing number of participants for basketball at local, regional, national, and international sporting platforms.
The global market for backboards houses over a thousand small and large manufacturers, of which, a majority operate locally, and a handful of backboard manufacturers have a global reach.
Awareness about fitness among the masses has resulted in an amplified demand for sporting goods and equipment, and the sales volume of backboards over past three year substantiates the same.
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The Backboard Industry Sales study offers a comprehensive analysis on diverse features including production capacities, Backboard demand, product developments, revenue generation and Backboard Market Outlook across the globe.
Further, the Backboard market Survey report emphasizes the adoption pattern And Demand of Backboard across various industries.
This Backboard market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Backboard along with key stakeholders as well as emerging players associated with the manufacturing of product.
The Key trends Analysis of Backboard Market also provides dynamics that are responsible for influencing the future Sales and Demand of over the forecast period.
The Sales study on the Backboard Market offers a scrutiny of the demand and consumption volumes, factors affecting these, and share and size of the various end-use segments.
Tempered Glass is High-end but Polycarbonate is Most Preferred
The backboard market is segmented on the basis of backboard size, backboard material, backboard system type, buyer type, sales channel, and region.
Backboard sizes vary from 48″ in width to 72″; however, among all the sizes, backboards of 58″ width have been reported to account for the leading share of sales.
In terms of material type, acrylic, polycarbonate, plastic, and tempered glass are the key material types used for the manufacture of backboards.
The preference for backboard material differs across regions and countries, but backboards with tempered glass have registered maximum sales as compared to backboards with other materials, and are also considered high-end backboards with maximum rigidity.
The Backboard Demand study has identified the segments that are expected to contribute major shares to the revenues during this period.
The market Outlook report provides insights into various aspects and growth of Backboard Industry. Some of the dynamics on which the study focuses are:
- Backboard Market Key drivers, restraints, and current size.
- Backboard Market sales Revenue potential of various application areas.
- Key focus of Key players for investments.
- Most prominent avenues for Backboard market growth
- Detailed segmentation based on various parameters
- Strategic landscape
- Region-wise assessment
- Regions that are outliers to the general growth & trends
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Competitive Assessment:-
The Demand study on the Backboard market provides a comprehensive analysis that shape the competitive landscape & Sales Revenues.
Despite the concentration of players in North America, backboard manufacturers are largely concentrated in Asian countries, largely China.
These backboard companies, over the past few years, have switched strategy from ‘look to America to cater the rest’.
Some of the key market participants in the global backboard market are Decathlon, Russell Brands LLC., Gared Holding Company, Mondo S.p.A., Schelde Sports, and Sport System srl.
Legacy Markets Continue to Dominate
In terms of regional demand, North America leads the sales charts for backboards, owing to the number of active and passive players in the region. The U.S. alone accounted for around 30 percent value contribution to the global backboard market in 2017.
However, it is projected to lose share in the long term against new markets for backboards, due to an upsurge and penetration of basketball across key consumer markets. North America is followed by Europe and Latin America in terms of total demand, whereas, Asia Pacific leads in terms of growth.
Despite the concentration of players in North America, backboard manufacturers are largely concentrated in Asian countries, largely China. These backboard companies, over the past few years, have switched strategy from ‘look to America to cater the rest’.
Some of the key market participants in the global backboard market are Decathlon, Russell Brands LLC., Gared Holding Company, Mondo S.p.A., Schelde Sports, and Sport System srl.
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Globalization of Sports Creating Value for All
Over the past decade, the sports as well as sports accessories industry has transformed, and like other industries, sports has become global in nature. Sports like basketball have long been consolidated in certain pockets of global geographic clusters, and have captivated a limited target audience.
Nevertheless, least preferred sports such as basketball are being promoted by associations and investors across key countries, especially in countries with a large customer base, such as China, India, Indonesia, etc.
This, in turn, has heightened the awareness level, and has also unfolded a plethora of opportunities for backboard market participants. With the formation and popularization of sporting leagues, amateur players foresee significant opportunity, and thus spend on buying goods and accessories in regions with limited sporting infrastructure availability.
Furthermore, institutions such as schools and colleges have also invested significantly in basketball sports infrastructure in the past few years, which has created an additional demand for backboards. Collectively, all these factors have contributed to the demand for backboards, and the global market for backboards is projected to remain in mid-single digits over the forecast period 2018 to 2028.
Interested stakeholders and participants should access the report to get a wide range of information. Some of the important ones are:
- Which regional markets are expected to be likely outlier to the common trends?
- Which countries in key regional markets will contribute sizable shares?
- The demand among which end users will witness highest rise?
- What are COVID-19 implication on Sales of Backboard market and learn how businesses can respond, manage and mitigate the risks?
- What are some of the regulations that might change the course of Backboard growth of market?
- Which end-use segment is expected to generate the major share of global Sales revenues in Backboard market?
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