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Research report explores the sports luggage market to rise beyond 4.07% CAGR to 2021

Research report explores the sports luggage market to rise beyond 4.07% CAGR to 2021

Global Sports Luggage Market 2017-2021 report considers the revenue generated through the retail sales of different types of sports luggage required for sports like golf sports, ball sports, racket sports, hockey, and cricket.

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One trend in the sports luggage market is use of improved raw materials in sports equipment. There is an increased demand for lightweight sports equipment, including sports luggage.

Lightweight sports luggage, with lightweight equipment in it, gives proper control to the user and provide them with a high level of flexibility, one of the preference factors by most consumers.

The analysts forecast global Sports Luggage Market to grow at a CAGR of 4.07% during the period 2017-2021.

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Sports luggage is designed to carry and protect sports equipment and includes different types of luggage to meet the needs of athletes in a range of travel situations. Sports luggage comes in a range of designs and sizes capable of carrying equipment for outdoor and indoor sports like golf sports, ball sports, racket sports, hockey, and cricket.

With increasing interest in sports, especially among children, the global sports luggage market will grow significantly during the forecast period.

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The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

This report, Global Sports Luggage Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

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Further, the report states that one challenge in the Sports luggage market is worldwide growth of counterfeit sports goods. The easy availability of a number of counterfeit products will likely hinder the growth of the market during the forecast period.

The presence of a number of counterfeit products will also lead to market fragmentation, which eventually might result in a lack of price standardization, an uneven competitive scenario, and market share erosion. Counterfeit products are priced at a much lower rate than branded products to gain a competitive advantage over international brands, but they lack quality and durability.

However, these products are preferred by low-income consumers as they are affordable.

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Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

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