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Global Water Polo Equipment Market: Popularity of Olympic Games to Fuel Demand

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Published on : Dec 05, 2016

ALBANY, NY, Dec 05, 2016: The report, titled “Global Water Polo Equipment Market 2016 – 2020,” is a comprehensive study of the market, which includes all the global, regional and segment figures. The report is aimed at providing an in-depth analysis to the current and new players in the global market for water polo equipment. Taking all the driving and restraining factors into consideration and analyzing the latest developing treads, the report estimates the overall worth of the global water polo equipment market to be around US$689.2 mn during the forecast period of 2016 to 2020. 

Water polo is a team sport, which is predominantly played in North America and Europe, although popularity of this sport in China has exponentially boosted the demand for the equipment. According to the 61-report, balls, caps, swimwear, and goal posts are some of the primary equipment utilized in water polo. Additionally, this sport is gaining popularity as it is considered as a potential method of workout, and thereby fuelling the demand for the equipment.

The report identifies the increased participation rate of water sports as the primary factor for growth in the global market for water polo equipment. Also, due to the increased environmental awareness among consumers, the demand for eco-friendly and renewable water polo suits has increased. The players tapping this opening are expected to gain shares in the overall market. The report credits innovations in water sports equipment and swimwear to attract more consumers, and thereby fueling the demand in the global water polo equipment market.

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Some of the trends emerging in water polo equipment market are thegrowing popularity of Olympic Games, rising female participation in water sports, increasing number of water pools, and rising consumer preference for fitness. The report also explores some of the challenges in the market that are expected to hinder the growth rate, such as substitutes for water polo swimsuits, limited sponsors and mass media appeal, and low replacement rate of water polo equipment. All these trends and factors have been analyzed in detail in the report and impact on growth rate has been evaluated.

The global water polo equipment market has been segmented on the basis of product, distribution channel, and geography. By product, the market has been segmented into swimsuits, balls, caps, and goal posts. The report studies the regional markets of Americas, Europe, APAC, and MEA. According to the report, some of the key countries in the global market for water polo equipment are the U.S., Brazil, China, Hungary, and France. Revenues for each of these country-wide markets have been included.

The report identifies Adidas, Mikasa, Nike, and TYR as the key players in the global market for water polo equipment. Other prominent players in this market include Baden, Billabong, KAP7, Speedo International, Turbo, and Under Armour.

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