Wiseguyreports.Com Publish New Market Research Report On -“Volleyball Market 2019 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2024”
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Volleyball Market
Volleyball is one of the key games which is played internationally. It comprises of two teams wherein each of the team has six players. Both the teams are on either side of a net. Owning a good quality volleyball is vital for competitive games. The top manufacturers constantly compete with each other to improve their products and thereby try to gain an advantage in the market and maintain their foothold. Joint ventures, mergers, collaboration, partnership, the regional launch of products, research and development, etc. have been the key strategies for the key producers or manufacturers to establish their footing in the global market. The global supply chain is also inevitable to be formed to mark a producer’s presence in the global market. As recognition for sports have increased in modern days, people are investing in sports as a career. Thus, the demand for the equipment also equally sustain the market, and the expert players do the promotions also add to the momentum. Thus, the sales increase with the help of endorsements and efficient manufacturing of the sports equipment.
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A Standard volleyball usually weighs around 9 to 10 ounces and has a circumference of 25.6 to 26.4 inches. It has a rubber bladder, and it is found either in a single color in a combination of colors. Though there are large no. of competition key producers in the market, the most lucrative hold over the volleyball market is that which prevails in China. Due to cost-effective labor and low material cost, China is the key consideration for the majority of the purchasers. About 32% of volleyball are produced in China. China is followed by Asia when it comes to low labor and manufacturing cost. The key stakeholders of the volleyball industry include the manufacturer, Distributor, Trader, Wholesaler, Industry Association, and other generic buyers. The market keeps on improving and developing as it understands the need of the consumers, and thus, it is expected to improve fairly shortly.
Key Producers
The major volleyball manufacturing countries include United States, Canada, Mexico, Germany, Australia, Indonesia, Singapore, Malaysia, Philippines, Thailand, Vietnam, Egypt, UK, France, Italy, Russia, Spain, China, India, Japan, Southeast Asia, Brazil, Argentina, Saudi Arabia, and South Africa.
Market Segment
The market segment for volleyball differs in various aspect. It can broadly be divided into Product, Competitor, Application, and Geography segment. Based on the product type, Volleyball is made up of pure leather or synthetic leather. Based upon its application, the ball is made for professional players and amateur player. The quality also differs on the utility as if it is to be used in a competition, training or just for recreational activity.
Market Trends
Volleyball market trend is expected to grow between 2019 to 2024. The global volleyball market comprising of all key producers across the world is expected to reach 260 million USD in 2018 and will reach 270 million USD by the end of 2025. The Compound annual growth rate (CAGR) for the forecast period is 0.5%. Such rates indicate the role of the market players worldwide in the future market.
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