According to the latest market research study released by Technavio, the global water polo equipment market is expected to reach around $689 million during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global water polo equipment market based on product:
Global water polo equipment market share by product 2015
|
Swimsuits |
47.29% |
|
Balls |
29.54% |
|
Caps |
12.10% |
|
Goal posts |
11.07% |
Source: Technavio
The top three revenue contributing product segments are discussed below:
Global water polo swimsuits market
The swimsuits segment accounted for around 47% share of the global water polo equipment market in 2015. Owing to the rise in participation by youth and female participants, the market is expected to grow sizably during the forecast period. The type of swimsuits depends on the gender of the player and the purpose for which it is used. Women now prefer improved swimsuits, including one-piece swimsuits that zip up the back and do not have traditional swimsuit straps. Some examples of popular women’s swimwear products include Medalist Swimsuit, Clipback Swimsuit, Tankini, Bikini, and Women’s Speedo Fit Allover Splice Tankini. Also, Water Polo High Neck Tank, Power Back Tank, cross back Sport Bra, Optic Shift Brief, and Hydro UV Solid Long Sleeve. Male players wear either swim briefs or jammers which are a thigh-length trunk. Many swimwear retailers also sell specialized water polo suits that feature fortified stitching and tougher fabric.
“The demand for swimsuits is increasing due to their improved features and frequent purchase as they are more prone to wear and tear. The key vendors are continually improving their products and improvising their promotional strategies to survive in the competitive market. Celebrity endorsement and continuous investment in R&D plays a vital role in increasing the popularity among large masses,” says Mantri Charan Kumar, a lead analyst at Technavio for research on outdoor gear.
Global water polo balls market
A water polo ball is made up of waterproof material and is textured in such a way so that a player can catch it without difficulty. For easy visibility, these balls are mostly in yellow color, however, in professional competitions, green, red, and blue color balls are used. The size of a ball varies with gender type, for instance, men’s water polo balls are 28 inches in circumference while women’s water polo balls are 26.5 inches in circumference. Modern water polo balls are relatively durable. The tough rubber material used to design them can withstand multiple hours of exposure to chlorine and sunlight as well as rough handling. After a time, however, bouncing on rough pool decks, constant use, and overinflating would cause water polo balls to deteriorate. After several months of handling and exposure to pool chemicals, the grip of the ball slowly wears away, so the coaches and players are suggested not to dribble water polo balls on land.
Global water polo caps market
Water polo caps are headgears that are used in water polo and most of other water sports activities. The caps of different teams are in different colors, which are used to identify opponents, and most importantly, to protect their ears from an injury that can be caused by a water polo ball. Caps are made up of different materials including Lycra and plastic. Since they are made up of soft fabrics, prolonged exposure to chlorine, sunlight, water, tends to shorten their life. However, if their maintenance is done well such as rinsed and dried properly after every use, they last a little longer. Water polo caps have a relatively high replacement rate, which adds to the buying frequency of this segment.
The top leading vendors operating in the global water polo equipment market are:
- Adidas
- Mikasa
- Nike
- TYR
Other prominent vendors in the market include Baden, Billabong, KAP7, Speedo International, Turbo, and Under Armour.
A more detailed analysis is available in the Technavio report titled, ‘Global Water Polo Equipment Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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