According to a recent report by Reports and Data, the anticipated global market size for smart sports equipment is USD 5.44 billion by 2030. The report predicts a revenue compound annual growth rate (CAGR) of 9.2% over the forecast period. The increasing demand for smart running shoes and the rising need for smart sports equipment to monitor athlete performance are expected to propel the growth of the market during the forecast period. The swift implementation of IoT in sports equipment is also leading to a surge in the adoption of smart sports equipment, which is expected to boost the growth of the market in the near future.

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Top Companies Operating in the Global Smart Sports Equipment Market Report:

NIKE, Inc., PUMA SE, Adidas AG, Golfsmith International Holdings, Inc., Wilson Sporting Goods Company, BABOLAT Vs S.A., Riddell, Inc., HockeyShot, Inc., ZeppLabs, Inc., and Gridiron Technologies LLC.

Some Key Highlights in the Report

• Smart golf sticks segment is expected to register significantly steady revenue growth over the forecast period, owing to rising adoption of smart golf sticks with smart golf clubs that help to track performance of golfers through WiFi compatible features.
• Franchise stores segment is expected to account for largest revenue share in the global smart sports equipment market between 2021 and 2030. Increasing consumer preference for high-end sports brands due to advertisement and sponsorship programs during sports events is expected to boost growth of the segment.
• North America smart sports equipment market is expected to account for largest revenue share over the forecast period. Rising consumer expenditure and awareness about healthy lifestyles are expected to increase the adoption of smart sports equipment, which is projected to drive North America market revenue growth.

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

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Further market segmentation

Product Type Outlook (Revenue, USD Billion; 2018-2030)

• Smart Hockey Sticks
• Smart Golf Sticks
• Smart Rackets Bats
• Smart Balls
• Others

Distribution Channel Outlook (Revenue, USD Billion; 2018-2030)

• Franchise Stores
• Specialty Stores
• Others

End-use Outlook (Revenue, USD Billion; 2018-2030)

• Men
• Women

Key Takeaways of the Global Smart Sports Equipment Market Report:

• A comprehensive overview of the global Smart Sports Equipment industry.
• Accurate market projections in terms of market size, share, and volume.
• Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• Deep-dive analysis of the upcoming market trends.
• Qualitative and quantitative analyses of the global Smart Sports Equipment market.
• Elaborate study of the leading regional markets in the global Smart Sports Equipment market.
• Complete overview of the market’s competitive landscape.
• Brief look at the company profiles and portfolios.

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