Market - - Oct 16,2017
Presently, the competitive profile of field hockey has surged due to the increasing coverage of the sport across tournaments like the World Cup and the Olympics.
Field hockey has gained significant traction in the recent years as a result of major promotional activities. This factor has directly caused consequent growth in the demand for field hockey equipment.
Furthermore, the competitive profile of field hockey has risen due to increasing coverage for this sport focusing on global tournaments like the World Cup and the Olympics. Also, the addition of new players in this sport is creating promising prospects for the global field hockey equipment market.
As per research analytics, the worldwide market for field hockey equipment was appreciated at more than US$1.6 bn in 2017. In the coming years, the market is likely to rise at a valuation of close to US$1.8 bn until 2022. It has been noted that the relatively simple requirements of field hockey, mostly compared with more popular sports such as ice hockey, have worked to make it popular among new players. Enhanced televised coverage of international hockey tournaments is further anticipated to push the interest in the sport during the next few years.
The high popularity of field hockey across regions such as North America and Europe is projected to aid the global field hockey market. The internet is also proving as a driving tool for the consumers to easily access field hockey equipment without actually visiting the physical stores.
Talking about market players, the field hockey equipment market considering the global expanse has numerous attractive manufacturers. Some of the efficient players acknowledged by a wide range of consumers include Grays International, Gryphon Hockey, Adidas AG, Mazon Hockey, Osaka Hockey, TK Hockey and OBO.
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