Press Release

Roller Skates & Skateboards Leads $11 Billion Alternative Sports Equipment Market in US

Increasing trend of adventure vacations, growing concerns over health issues such as obesity and hectic lifestyles coupled with rising disposable income to drive US alternative sports equipment market

According to TechSci Research report, United States Alternative Sports Equipment Market, By Type, Competition Forecast & Opportunities, 2012 - 2022, alternative sports equipment market in the US is projected to grow to over $ 13 billion by 2022. Growth in the market is anticipated on account of increasing population, rising disposable income, integration of technology in sports equipment coupled with increasing participation of women in sports across the country. Obesity rates have been steadily creeping up in the US, and in 2015, it was reported that over 17% of American youngsters between the ages 2 and 19 were obese. This has forced the American government into taking initiatives to counteract the problem by improving infrastructure and by encouraging citizens to participate in outdoor activities. Also, with steady increase not just in real wages but also in disposable incomes, where Americans earned over $ 38 thousand disposable income per capita in 2015, per capita spending towards buying sports equipment has increased over the last few years in the country.

                              

 

Browse 8 market data Tables and 26 Figures spread through 78 Pages and an in-depth TOC on "United States Alternative Sports Equipment market"

https://www.techsciresearch.com/report/united-states-alternative-sports-equipment-market-by-type-skating-surfing-mountain-biking-archery-snowboarding-others-competition-forecast-opportunities/960.html

 

Black Diamond Equipment Inc., Tecnica Group S.p.A., Cannondale Bicycle Corporation, Boardriders Inc., and Johnson Outdoors Inc. are some of the leading players operating in the US alternative sports equipment market. In terms of regions, South region dominated the market with a share of more than 30% in 2016. This region is expected to generate significant demand for alternative sport equipment, and consequently, is anticipated to remain dominant through 2022 due to increasing population, growing number of young sports enthusiasts, rising disposable income and increasing interest in adventure sports.

 

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“Increasing youth population, rising per capita income, growing percentage of women joining sports, continuous development and innovations in sports equipment and increasing government initiatives to decrease obesity are few of the major factors responsible for steering growth of alternative sports market in the US.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. Alternative sports market can be broadly categorized into snowboarding, archery, mountain biking, surfing, skating along with various other alternative sports equipment. Archery and surfing have emerged as the two fastest growing demand segments. Surfing’s rapid growth in the forecast period can be attributed to the popularity of the recreational activity, especially among the population in the age group of 15-35 years, as it is seen both as a weekend getaway away from a hectic lifestyle and also satisfies their desire for an adrenaline fuelled adventure.

United States Alternative Sports Equipment Market By Type, Competition Forecast & Opportunities, 2012-2022 has evaluated the future growth potential of US alternative sports equipment market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the United States alternative sports market. 

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Increasing trend of adventure vacations, growing concerns over health issues such as obesity and hectic lifestyles coupled with rising disposable income to drive US alternative sports equipment market

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