Smart Sports Accessories Market to Register Substantial Expansion by 2025

Posted by Shirish Wadaskar on January 24th, 2018

Sports Accessories are in use since time immemorial or since humans started playing sports. At the beginning of the evolution of games, clothing is the only accessory used, but with time and technological advancement, accessories are no longer supportive elements of sport, they are the sport. Sports Accessories are nowadays a crucial part of games which require special care and attention due to the nature of sport such as swimming, golf and many more. These games are now played with advanced equipment’s, items of clothing and other accessories which improve the accuracy and functionality of a sportsman. The accessories are becoming smart day by day which is helping in better decision making and accuracy of athletes. Smart Sports Accessories are the future of any sport. These accessories have made many games easy to play and perform such as cycling, running, swimming, trekking and others. The companies are producing smart accessories for all these games including a smart watch, smart wristband, sports watch, sports camera, speed meter, and tracker. Apart from these accessories gloves, backpacks, t-shirts and lowers and many other smart sports accessories are present in the market to provide minimum energy consumption of athletes while giving better results. Due to its versatile features and vast usage, Smart Sports Accessories market is expected to witness an escalating demand among the people.

Smart Sports Accessories: Market Dynamics

Smart Sports Accessories market is driven due to the increasing usage of accessories in every game. Games such as swimming, golf, trekking, mountaineering and many more cannot be played without smart sport accessories. Due to increase in the sports activities in all the countries and increasing earnings of sport governing bodies and players, smart sport accessories market is booming globally. Countries such as India has emerged as a major consumer of smart sport accessories in past decade due to launch of many locally played sports at international level. Due to heavy investment in these sports and high profits, smart sports accessories market improved in the country and still many new formats of various sports are launching every year, hence there is a great chance of growth in future. Europe and North America already have developed Sports Accessories market and investing large amount of money in Smart Sports Accessories to improve the games.

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However, the Smart Sports Accessories are costly and the market is highly segregated. Hundreds of companies are launching new accessories every day in order to grab a piece of pie and getting success due to high requirement, although most of the middle class population is unable to afford these smart accessories. Also, Smart Sports Accessories is not 100% efficient. In many cases accessories tend to fail their work and costs a lot of money in repairing. 

Smart Sports Accessories: Segment Outlook

Smart Sports Accessories market can be segmented on the basis of type which include smart watch, smart wristband, sports watch, sports camera, chest strap, shoes, earpiece/headphone, sunglasses, clothing’s, bottles & backpack and others. Smart Sports Accessories market can also be segmented on the basis of type of sports which includes cycling, running sports, golf, swimming sports, trekking and mountaineering sports and others.

Smart Sports Accessories: Regional Outlook

Regional coverage for Smart Sports Accessories market includes North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East and Africa (MEA) and Japan. Smart Sports Accessories market will witnesses a high demand in APEJ due to the high investments in the region and its manufacturing units. Market in India and China is still at growth stage which will fuel the market for next ten years in the region.

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Smart Sports Accessories: Market Players           

The market players in Smart Sports Accessories market are Samsung, Sony, Apple, Puma, Fitbit, Polar Electro, wahoo fitness, GoPro, Inc., Zepp US Inc.  and many more