LONDON–(BUSINESS WIRE)–Sep 24, 2018–The global figure skating equipment market 2018-2022 is expected to post a CAGR of close to 5% during the forecast period, according to the latest market research report by .
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Technavio has published a new market research report on the global figure skating equipment market for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the rise in the number and popularity of sports tournaments. The growing interest of people across the world in sports activities has had a direct impact on the growth and proliferation of sporting tournaments. Figure skating has gained popularity over the years, right from its advent in the 19 th century. Figure skating is a sport that can be adopted by any age group, making it a sporting activity with universal appeal.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the growing popularity of figure skating in developing countries as one of the key emerging trends in the global figure skating equipment market:
Global figure skating equipment market: Growing popularity of figure skating in developing countries
Figure skating is a sport with some similarities to ice skating, but there are many aspects to it that differentiate the sport from ice skating. Figure skating is a multifaceted sport, combining aesthetics with athletics. Also known as synchronized skating, figure skating involves a combination of speed, movement, music, and choreography which has helped in making the sport popular in the world.
“Many developing countries have begun taking a liking to the sport. Countries in APAC today stand out as one of the growing adopters of figure skating on an international level. For instance, the Ice Skating Association of India, the governing body for the sport in the country that oversees ice skating and figure skating, is affiliated to the ISU and the Asian Skating Union,” says a senior analyst at Technavio for research on outdoor gear.
Global figure skating equipment market: Segmentation analysis
This market research report segments the global figure skating equipment market by product (figure skates and accessories) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of more than 51%, followed by APAC and EMEA respectively. The markets in Eastern Europe and South America are expected to gain traction during the forecast period. The market in APAC is also growing with the highest growth stemming from developing nations such as China and India.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market segmentation analysis
Market size and forecast
Five Forces Analysis
Key leading countries
Market positioning of vendors
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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SOURCE: Technavio Research
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PUB: 09/24/2018 03:36 PM/DISC: 09/24/2018 03:36 PM