Covid-19 Impact & Market Status
The pandemic has negatively affected almost all of the markets leading to huge losses and also hampered the supply chain thus creating worldwide market breakdown which made it very difficult for the all the industries to stay afloat especially the smaller ones. The global lacrosse goals market has been drastically affected by the pandemic as the demand has fallen considerably which has affected the revenue share in the market.
Rotating Lacrosse Goals Segment To Be Highly Popular by 2029
The rotating lacrosse goals segment of lacrosse goals is leading the global lacrosse goals market in revenue share and is predicted to remain at the top of the market during the forecast years because of the fact that they can be used for a longer period of time than the other lacrosse goals. Also, it is easier to use them as they don’t damage the ground while being moved.
Professional Segment To Earn Highest Revenue
The professional segment is the foremost application for the lacrosse goals which is leading the global lacrosse goals market in revenue share and is predicted to remain at the top of the market during the forecast years because of the increasing popularity of this sport among the younger generation and the historical significance of this sport in America.
North America to Witness Higher Merger and Acquisition Activities
North America will remain atop the market in revenue share and is predicted to remain at the top of the market during the forecast years because of the huge popularity of the game in countries like USA and Canada. There is a lot of historical significance of the game here as it has been played from the 1800’s and is loved by many. It is played professionally and in schools and universities. Huge amount of investments have been made to increase it’s reach.
Europe will be rising at a rapid rate during the forecasted years as more people have become aware of this sport and it is becoming highly popular in some regions.
Championship trends across the world and growing sports activities among younger generation is driving the global lacrosse goals market.
Lacrosse sports growing in popularity due to use of its netted “scoop” part of the stick, natives and non-natives started taking up the game, lacrosse gaining professional importance is further driving the global lacrosse goals market.
The key factors such as extremely fast-growing sports, lacrosse grow in popularity in countries like US and other in recent years, athletic facility owners and tournament planners investing greatly in sports is driving the global lacrosse goals market.
The majority of lacrosse games are held in the United States. Nevertheless, throughout the years, it has become more and more popular in numerous American and European nations. A little rubber ball and a long staff known as a crosse or lacrosse stick are used to play. The two most essential components of this game are the lacrosse stick and the ball. A lacrosse stick, a rubber ball, gloves, a helmet, arm pads, and shoulder pads are all necessary pieces of equipment.
The global lacrosse goals market is on the rise due to healthy competition and high demand. The global lacrosse goals market is estimated to reach close to USD XX Bn by 2029 it is predicted to grow at a CAGR of 1.87 percent during the forecasted years.
Global demand for lacrosse equipment is anticipated to rise due to its many useful features and extensive usage. The global lacrosse goals market for lacrosse equipment is driven by the sport's expanding popularity and rising accessory usage. The market for lacrosse equipment is developing internationally as a result of lacrosse's rising popularity in the majority of American and European nations as well as the rising salaries of sport's governing bodies and athletes. Due to the extensive fan base and long history of the sport, North American nations have become big consumers of lacrosse equipment in recent years. The global lacrosse goals market for lacrosse equipment has improved in North American nations as a result of significant investment in these sports and high earnings, and since many new businesses are still starting up every year, there is a significant opportunity for future growth.
However, despite the growing popularity of global lacrosse goals market, it being hampered by several factors. Ability to play professionally, emergence of new sports, growing attraction towards sports like hockey and shinny over lacrosse is anticipated to be a growth opportunity to the global lacrosse goals market. Furthermore, lacrosse serving best as a recreational purpose, lacrosse being played widely which has recorded more than three-quarters of million players in the United States in 2018, lacrosse fastest-growing as school sport are some other key aspects driving the global lacrosse goals market.
The global lacrosse goals market is rising rapidly and there is healthy competition among the top players like AllBall Pro, Gladiator, Franklin Sports, Bownet, ProAdvanced Sports, Rukket, Champion Sports, STX, SKLZ, Maverik, Brine, Sportsfield Specialties, and EZGoal among others.
Latest Innovations in the Global Lacrosse Goals Market: A Snapshot
- In February 2021, Epoch Lacrosse formed an agreement with Trilogy Lacrosse in order to be its official lacrosse equipment supplier. Players at the Academic Aces Showcase, Intensive Club Experience (ICE), and NJ Sixers box programme will have access to Epoch's cutting-edge equipment, including customised Integra gloves, Dragonfly shafts, and Integra protective gear.
Lacrosse Goals Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD XX Million|
|Growth Rate||CAGR of 1.87 % during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||AllBall Pro, Gladiator, Franklin Sports, Bownet, ProAdvanced Sports, Rukket, Champion Sports, STX, SKLZ, Maverik, Brine, Sportsfield Specialties, and EZGoal among others.|
Key Segments of the Global Lacrosse Goals Market
Type Overview, 2019-2029 (USD Billion)
- Rotating Lacrosse Goal
- Hinged Lacrosse Goal
Application Overview, 2019-2029 (USD Billion)
Regional Overview, 2019-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa