Market Overview:
The global basketball hoop and accessories market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing popularity of basketball as a sport, rising disposable income, and growing youth population. In terms of type, the portable basketball hoop segment is expected to witness higher growth than the fixed basketball hoop segment during the forecast period. This can be attributed to the increasing preference for portable hoops among consumers owing to their easy installation and portability features.
Product Definition:
A basketball hoop is a piece of sporting equipment typically used to play the sport of basketball. It consists of a metal ring, usually 18 inches (46 cm) in diameter, suspended 10 feet (3.048 m) off the ground by two vertical posts. The hoop is attached to the backboard by a system of braces and anchors.
Portable:
Portable basketball goals are used to train and play indoor games. It is also used as a tool for promoting fitness in schools, sports clubs, and the military. The product has witnessed significant growth over the past few years owing to its features such as durability, portability, lightweight construction coupled with affordable cost of raw materials such as plastic & metal.
Fixed:
The fixed is a device that is used to catch the ball in basketball. It consists of two metal arms, which are bent at right angles and attached to a horizontal bar. The closer the arm bars are to the center of the court, generally speaking,the easier it will be for a player to shoot because he has more arc space; however, if they are placed too close then it becomes difficult for players to have enough space as required and they may end up shooting jump shots instead.
Application Insights:
The indoor application segment dominated the global basketball hoop and accessories market in 2017. This is attributed to the growing popularity of indoor games among all age groups across the globe. The increasing number of fitness centers, health clubs and sports bars where people can play basketball has been a major factor contributing to its highest share.
The outdoor application segment is expected to witness significant growth over the forecast period owing to increased government spending on infrastructure development for sports purposes including new stadiums and arenas for popular sporting events such as rugby, tennis and golf. For instance, according to a survey by Barclays bank conducted in 2015, it was found that 55% of adults played some form of sport or exercise regularly while 35% said they did so occasionally. Moreover, according soccer statistics website Opta Sports Media Ltd.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is a key revenue-generator for the regional market due to high product demand and strong presence of major manufacturers such as Nike, Inc.; Spalding; and Jordan Brand. In addition, increasing number of basketball tournaments hosted by countries such as Canada and Mexico is expected to drive product sales over the next few years. For instance, NBA All Star 2016: Cavs vs Warriors was held at Toronto's Air Canada Centre while NBA All Star 2017: Wizards vs Cavaliers was held at Mexico City's Palacio de los Deportes (Sports Palace).
Asia Pacific is anticipated to be one of the fastest-growing markets during the forecast period owing to rising popularity of basketball games broadcast on television networks such as ESPN Plus Asia (ESPN+) and Fox Sports Asia (FSN). Furthermore, growing interest among children aged 5-14 years coupled with increasing disposable income will fuel regional growth over next few years.
Growth Factors:
- Increasing popularity of basketball as a sport
- Rising disposable income of the population
- Growing demand for fitness and recreational activities among the youth
- Technological advancements in basketball hoop and accessories manufacturing industry
- Availability of affordable products
Scope Of The Report
Report Attributes
Report Details
Report Title
Basketball Hoop and Accessories Market Research Report
By Type
Portable, Fixed
By Application
Indoor, Outdoor
By Companies
Bison, Gared, Goalsetter, Barbarian Basketball Systems, First Team, Goalrilla, Lifetime Products, Spalding, Wilson, SKLZ, Bison
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Basketball Hoop and Accessories Market Report Segments:
The global Basketball Hoop and Accessories market is segmented on the basis of:
Types
Portable, Fixed
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Indoor, Outdoor
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bison
- Gared
- Goalsetter
- Barbarian Basketball Systems
- First Team
- Goalrilla
- Lifetime Products
- Spalding
- Wilson
- SKLZ
- Bison
Highlights of The Basketball Hoop and Accessories Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable
- Fixed
- By Application:
- Indoor
- Outdoor
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Basketball Hoop and Accessories Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Basketball hoop is a metal frame with a net at one end and a backboard at the other. It is used for playing basketball. Accessories include balls, nets, and hoops.
Some of the major players in the basketball hoop and accessories market are Bison, Gared, Goalsetter, Barbarian Basketball Systems, First Team, Goalrilla, Lifetime Products, Spalding, Wilson, SKLZ, Bison.
The basketball hoop and accessories market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Basketball Hoop and Accessories Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Basketball Hoop and Accessories Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Basketball Hoop and Accessories Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Basketball Hoop and Accessories Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Basketball Hoop and Accessories Market Size & Forecast, 2018-2028
4.5.1 Basketball Hoop and Accessories Market Size and Y-o-Y Growth
4.5.2 Basketball Hoop and Accessories Market Absolute $ Opportunity
Chapter 5 Global Basketball Hoop and Accessories Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Basketball Hoop and Accessories Market Size Forecast by Type
5.2.1 Portable
5.2.2 Fixed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Basketball Hoop and Accessories Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Basketball Hoop and Accessories Market Size Forecast by Applications
6.2.1 Indoor
6.2.2 Outdoor
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Basketball Hoop and Accessories Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Basketball Hoop and Accessories Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Basketball Hoop and Accessories Analysis and Forecast
9.1 Introduction
9.2 North America Basketball Hoop and Accessories Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Basketball Hoop and Accessories Market Size Forecast by Type
9.6.1 Portable
9.6.2 Fixed
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Basketball Hoop and Accessories Market Size Forecast by Applications
9.10.1 Indoor
9.10.2 Outdoor
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Basketball Hoop and Accessories Analysis and Forecast
10.1 Introduction
10.2 Europe Basketball Hoop and Accessories Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Basketball Hoop and Accessories Market Size Forecast by Type
10.6.1 Portable
10.6.2 Fixed
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Basketball Hoop and Accessories Market Size Forecast by Applications
10.10.1 Indoor
10.10.2 Outdoor
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Basketball Hoop and Accessories Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Basketball Hoop and Accessories Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Basketball Hoop and Accessories Market Size Forecast by Type
11.6.1 Portable
11.6.2 Fixed
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Basketball Hoop and Accessories Market Size Forecast by Applications
11.10.1 Indoor
11.10.2 Outdoor
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Basketball Hoop and Accessories Analysis and Forecast
12.1 Introduction
12.2 Latin America Basketball Hoop and Accessories Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Basketball Hoop and Accessories Market Size Forecast by Type
12.6.1 Portable
12.6.2 Fixed
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Basketball Hoop and Accessories Market Size Forecast by Applications
12.10.1 Indoor
12.10.2 Outdoor
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Basketball Hoop and Accessories Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Basketball Hoop and Accessories Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Basketball Hoop and Accessories Market Size Forecast by Type
13.6.1 Portable
13.6.2 Fixed
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Basketball Hoop and Accessories Market Size Forecast by Applications
13.10.1 Indoor
13.10.2 Outdoor
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Basketball Hoop and Accessories Market: Competitive Dashboard
14.2 Global Basketball Hoop and Accessories Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bison
14.3.2 Gared
14.3.3 Goalsetter
14.3.4 Barbarian Basketball Systems
14.3.5 First Team
14.3.6 Goalrilla
14.3.7 Lifetime Products
14.3.8 Spalding
14.3.9 Wilson
14.3.10 SKLZ
14.3.11 Bison
