As per a report published by the World Health Organization (WHO), in 2016, around 340 million people, including adolescents and children, are found to be obese or overweight. Obesity, or overweight, is the root cause of several health concerns and diseases. Hence, to avoid such condition, people are adopting some sort of physical activities.
Meanwhile, parental concern is also increasing due to prevalence of obesity-related diseases among children and adolescents. Thus, parents are motivating their children to participate in sports activities.
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Rising participation rate in several sports activities is one of the major trends boosting growth of sports luggage market.
Some of the factors likely to drive global sports luggage market are listed below-
- Youth are extensively opting sports as a carrier. This is due to growing sports tourism and mass media coverage. Also, sports tourism is growing exponentially with time. In such case, sports luggage is likely to loom in parallel.
- Increasing number of sports facilities around the globe and rise in the number of sports tournaments are anticipated to fuel demand for sports kit. Moreover, sportsmen prefer to carry their personal sports kit. This is one of the emerging trends likely to boost sports luggage market in coming years.
- Not to be ignored, rising disposable income and sport expenditure are likely to spur demand for sports luggage market in near future.
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Presence of Duplicate Products at Cheaper Price Likely to Flatten Growth Curve of the Market
On the other hand, presence of pirated products in the market is hampering with growth of the sports luggage market. These fake products are available at very low cost in the market, when compared to the original products. Most customers tend to buy cheap products. The factor is negatively impacting growth of the sports luggage market.