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TwitterThe COVID-19 pandemic at the beginning of 2020 hit the sports industry hard. Many professional leagues across the globe suspended their seasons and numerous events were cancelled, including several races in the Formula One season. The uncertainty surrounding the remaining dates in the F1 calendar has led to the Formula One Group losing value on the stock market to the tune of five billion U.S. dollars.
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TwitterThe COVID-19 pandemic at the beginning of 2020 hit the sports industry hard. Many professional leagues across the globe suspended their seasons and hundreds of thousands of jobs were put at risk as public sporting events across the country were cancelled. Analysis suggests that an estimated 2.2 billion U.S. dollars of national TV revenue for the sports industry could be lost as a result of the crisis.
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TwitterThe COVID-19 pandemic at the beginning of 2020 hit the sports industry hard. Many professional leagues across the globe suspended their seasons and hundreds of thousands of jobs were put at risk as public sporting events across the world were cancelled. Analysis suggests that revenue in the sports industry will be under 74 billion U.S. dollars in 2020 as a result of the crisis, almost half that of the pre-COVID-19 estimates.
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TwitterThe COVID-19 pandemic at the beginning of 2020 hit the sports industry hard. Many professional leagues across the globe suspended their seasons and numerous events were cancelled, including several races in the Formula One season. The potential loss of revenue from the combined hosting fees across the whole season, which are paid by the individual host nations, could amount to over 602 million U.S. dollars.
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Report on the impact COVID-19 has had on the Apparel market as it pertains to the sports industry. Read More
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Report on the impact COVID-19 has had on the European sports industry. Read More
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TwitterThe COVID-19 pandemic that spread across the world at the beginning of 2020 was not only a big threat to public health, but also to the entire sports industry. The 2020 Major League Baseball season was scheduled to start on March 26, 2020, but was postponed indefinitely based on recommendations to restrict large gatherings of people for the upcoming weeks. This unprecedented move was covered extensively in the media with ramifications for both players and fans alike. Figures suggest that the New York Yankees could lose a potential 470 million U.S. dollars in stadium revenue as a result of the crisis.
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A 35% drop in apparel sponsorship deals has been recorded between January and March 2020 against 2019. Sponsorship deals from apparel brands recorded a 50% drop between January and February. Read More
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Report on the impact COVID-19 has had on the Travel & Tourism sponsorship sector. Read More
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Report on the impact COVID-19 has had on the Insurance sponsorship sector. Read More
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TwitterThe COVID-19 pandemic that spread across the world at the beginning of 2020 was not only a big threat to public health, but also to the entire sports industry. Several professional sports leagues, including the NBA and NHL, as well as most professional soccer leagues in Europe, took the decision to postpone or suspend their seasons in order to mitigate the spread of the disease. This unprecedented move was covered extensively in the media with ramifications for both players and fans alike. In a March 2020 survey, 13 percent of respondents strongly agreed with the sentiment that the suspension of live sports had a significant impact on their daily life.
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Analysis of the impact the COVID-19 has had on the Chinese sports market. Read More
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Report on the impact COVID-19 has had on the Telecoms sponsorship sector. Read More
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Analysis of the impact the COVID-19 has had on the Indian sports market. Read More
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Report on the impact COVID-19 has had on the Airlines sponsorship sector. Read More
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TwitterThe COVID-19 pandemic had a huge impact on the sports industry in 2020 as many sporting events were canceled and entire leagues were suspended or postponed. During an August 2020 survey among sports industry leaders worldwide, around **** percent of respondents stated that they believed the sports industry will have recovered to pre-COVID-19 levels by 2022.
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The suspension of major sporting competitions due to the global COVID-19 pandemic had a substantial negative impact on the sporting industry. As such, a successful and sustainable return to sport will require extensive modifications to the current operations of sporting organizations. In this article we argue that methods from the realm of sociotechnical systems (STS) theory are highly suited for this purpose. The aim of the study was to use such methods to develop a model of an Australian Football League (AFL) club’s football department. The intention was to identify potential modifications to the club’s operations to support a return to competition following the COVID-19 crisis. Subject Matter Experts from an AFL club participated in three online workshops to develop Work Domain Analysis and Social Organization and Cooperation Analysis models. The results demonstrated the inherent complexity of an AFL football department via numerous interacting values, functions and processes influencing the goals of the system. Conflicts within the system were captured via the modeling and included pursing goals that may not fully reflect the state of the system, a lack of formal assessment of core values, overlapping functions and objects, and an overemphasis on specialized roles. The current analysis has highlighted potential areas for modification in the football department, and sports performance departments in general.
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According to Cognitive Market Research, the global Team Sport Balls Market size was USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
Basketball held the highest Team Sports BallsMarket revenue share in 2024.
Market Dynamics of Team Sport Balls Market
Key Drivers of Team Sport Balls Market
Rising Sustainable Materials to Fuel Market Growthto Propel Market Growth
The sustainable materials in soccer ball production were gaining momentum. Manufacturers were looking for ways to reduce their environmental footprint by using recycled materials or more sustainable production processes. Integration of technology into soccer balls, such as embedded sensors for trackingperformance metrics like speed, spin, and accuracy, was on the rise. These smart soccer balls are becoming popular among both professional and amateur players. Personalized and custom-designed soccer balls were becoming more accessible to consumers. Some companies allowed customers to design their soccer balls, choosing colors and patterns and even adding personal logos or text. Soccer ball featuring popular sports team logos, player endorsements, or brand collaborations were trending.
Global Popularity of Soccer Game to Drive the Growth?
Soccer is one of the most popular sports worldwide, with a massive fan following and player base. This popularity ensures a consistent demand for soccer balls. Advances in ball design and technology, such as improved aerodynamics, better ball control, and durability, encourage players to upgrade their equipment. Sponsorships and endorsements by professional players, clubs, and national teams can significantly impact consumer choices, influencing them to purchase specific brands and types of soccer balls. Major soccer tournaments like the FIFA World Cup and continental championships generate a surge in soccer-related product sales, including soccer balls. The rise of e-commerce and online retail has made it easier for consumers to access a wide variety of soccer balls, driving market growth.
Restraint Factors Of Team Sport Balls Market
Seasonal Demand and High Competition to Restrict Market Growth
Soccer is a seasonal sport in many regions, with higher demand during specific times of the year, such as during the soccer season or major tournaments. Manufacturers may struggle to maintain consistent sales during off-peak periods. The market is highly competitive, with numerous manufacturers and brands vying for market share. Intense competition can lead to price wars and reduced profit margins for companies. Intense competition intensifies pricing wars and innovation efforts, compelling manufacturers to differentiate their products through advanced technology or unique features. Market players must navigate this competitive landscape by employing strategic marketing, product diversification, and efficient supply chain management to sustain profitability and customer loyalty.
Impact of COVID-19 on the Team Sports Balls Market
The global pandemic led to disruptions in supply chains worldwide, affecting the manufacturing and distribution of soccer balls. Lockdowns, factory closures, and restrictions on movement hindered production and logistics, leading to delays and potential shortages. With lockdowns, social distancing measures, and restrictions on gatherings, many sports events, including soccer matches and tournaments, were canceled or postponed. This led to a decrease in demand for soccer balls, especially those used ...
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The sports coaching platform market share is expected to increase by USD 4.95 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 13.49%.
This sports coaching platform market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sports coaching platform market segmentation by end-user (professional and non-professional) and geography (North America, Europe, APAC, South America, and MEA). The sports coaching platform market report also offers information on several market vendors, including Catapult Group International Ltd., CAM Solutions Ltd., Edge 10 Group, International Business Machines Corp., NEX Team Inc., Performa Sports Ltd., Prevent Biometrics, SAP SE, Sportlyzer LLC, and WHOOP Inc. among others.
What will the Sports Coaching Platform Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Sports Coaching Platform Market Size for the Forecast Period and Other Important Statistics
Sports Coaching Platform Market: Key Drivers, Trends, and Challenges
The increasing adoption of cloud-based solutions is notably driving the sports coaching platform market growth, although factors such as fragmented and unorganized market structure may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sports coaching platform industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Sports Coaching Platform Market Driver
One of the key factors driving growth in the sports coaching platform market is the increasing adoption of cloud-based solutions. Vendors like SAP and IBM are expected to mainly drive the adoption of cloud-based solutions in the global sports coaching platform market. Cloud-based performance management software is cost-effective and enables easy access to analytical insights and other performance indicators. SAP Sports One, offered by SAP, is a cloud-based solution that offers a plethora of solutions to coaches, managers, and other stakeholders and effective and efficient sports teams management solutions. Similarly, IBM, through IBM Watson solutions, offers a cloud-based cognitive app that analyzes considerable performance data to provide critical information to athletes, coaches, and teams for them to make informed decisions.
Key Sports Coaching Platform Market Trend
The increase in investments in sports technology startups is another factor supporting the sports coaching platform share growth. The global sports coaching platform market has been witnessing increasing investments in sports technology startups. There has been a significant increase in companies expanding into new markets. Owing to the booming investment activities in the field of sports, various investors, including venture capitalists, are increasingly investing in sports technology. From wearable devices to gaming, fan engagement technology, smart arenas, and fantasy sports leagues, and sports technologies have revolutionized the manner in which athletes and teams compete. This has prompted many sports leagues as well as startups to heavily invest in sports technologies. A similar trend can be expected in the global sports coaching platform market during the forecast period.
Key Sports Coaching Platform Market Challenge
The fragmented and unorganized market structure will be a major challenge for the sports coaching platform market during the forecast period. The global sports coaching platform market has a highly fragmented market structure owing to the presence of a strong mix of regional, local, and well-established international vendors in the market. The market is prominent in developed economies and is underdeveloped in developing economies. The high fragmentation of the market has resulted in a saturated market structure in most developed countries, including the US and the UK. Therefore, there is less scope for various startups entering the market; the only possibility of entering the market is through collaborations with established vendors in the market. The fragmented structure of the market has resulted in the slower growth of such platforms in developed countries compared with the growth of these platforms in emerging countries.
This sports coaching platform market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global sports coaching platform market as a part of the global information technol
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The sports footwear market share is expected to increase by USD 8.36 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 1.95%.
This sports footwear market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sports footwear market segmentations by product (athleisure sports footwear, running sports footwear, court game sports footwear, cleats sports footwear, and others), end-user (professional users and recreational users), and geography (APAC, Europe, North America, South America, and MEA). The sports footwear market report also offers information on several market vendors, including adidas AG, Amer Sports Corp., ASICS Corp., Columbia Sportswear Co., New Balance Athletics Inc., Nike Inc., PUMA SE, The Gap Inc., Under Armour Inc., and Wolverine World Wide Inc. among others.
What will the Sports Footwear Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Sports Footwear Market Size for the Forecast Period and Other Important Statistics
Sports Footwear Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing premiumization due to the introduction of more innovative sports footwear is notably driving the sports footwear market growth, although factors such as the volatile cost of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sports footwear industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Sports Footwear Market Driver
The increasing premiumization due to introduction of more innovative sports footwear is notably driving sports footwear the market growth. Innovation plays a vital role in the sports footwear market because it helps to differentiate the products from one market competitor to the other. Advanced technical fabrications, innovative design, and product development position sports footwear as premium-priced products which enabled market competitors to introduce sport-specific footwear for basketball, football, rugby, trail running, golf, and other sports. Key market competitors such as Nike Inc., adidas AG, New Balance Athletics Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., and ASICS Corp. are known for their innovative product offerings. For instance, Nike offers a wide variety of sports footwear equipped with new technologies for specific sports. Therefore, such factors are expected to have a positive impact on the profit margins of market competitors, which, in turn, is expected to escalate market growth during the forecast period.
Key Sports Footwear Market Trend
Expansion of distribution networks is the key market trend driving the sports footwear market growth. Vendors adopt different strategies to expand their online and offline distribution networks, which can increase their customer base. For instance, they invest in opening new stores and remodeling the existing ones. The increasing number of offline stores and online channels will accelerate their revenue. Brick and mortar retailing remains the key channel for the sales of sports footwear. However, Internet retailing will see rapid growth during the forecast period. Quick delivery services and competitive selling prices are the major factors that support the growth of Internet retailing worldwide. The growing Internet penetration and the increasing trust of customers in online transactions, combined with fast shipping services and growing fragmentation of customer choices, are expected to significantly contribute to the growth of the global sports footwear market during the forecast period.
Key Sports Footwear Market Challenge
The major challenge impeding the sports footwear market growth is the volatile cost of raw materials. Volatile cost of raw materials In recent times, footwear manufacturers like Nike, Adidas, and PUMA are experiencing fluctuations in their profit margins. This is due to the fluctuating prices of raw materials and the increasing competition among market competitors. As the establishment costs are low, an influx of local players has been observed in recent times. The emergence of local players leads to price wars among competitors. This forces global sports footwear market competitors to reduce the prices of their products and, consequently, their profit margins. Thus, the continuous change in profit margins of the market competitors acts as a major challenge for the growth of the global sports footwear market. The lag between the cost fluctuations and the ability of the market competitors to increase p
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TwitterThe COVID-19 pandemic at the beginning of 2020 hit the sports industry hard. Many professional leagues across the globe suspended their seasons and numerous events were cancelled, including several races in the Formula One season. The uncertainty surrounding the remaining dates in the F1 calendar has led to the Formula One Group losing value on the stock market to the tune of five billion U.S. dollars.