LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global rugby equipment market to exceed USD 1 billion by 2020.
This research report titled ‘Global Rugby Equipment Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
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The report categorizes the global rugby equipment market into three major product segments. They are:
- Rugby boots
- Rugby protective gear
- Rugby balls and training equipment
Global rugby boots market
The global rugby boots market is expected to exceed USD 608 million by 2020. The rugby boots segment was the major revenue contributor to the global rugby equipment market in 2015, with a share of 56%. The segment is expected to retain its dominant position during the forecast period as well.
Rugby boots are available in different styles based on the positions of the players. Players who play in the forward position usually use boots that have longer studs to obtain a better footing on soft turf. Players who play in the back and center usually use shorts studs as they need great turning ability in tight spaces. Another factor boosting the demand for rugby boots globally is the growing number of professional players, because boots are considered as necessary equipment for rugby players.
“However, vendors might experience a decrease in their profit margin due to a number of factors. The use of football boots instead of rugby boots is one such challenge. Since the requirements of the rugby boots for the back and center players are similar to that of football players, many players use football boots instead of rugby boots. The lack of rugby grounds in regions like Asia is another factor affecting the profit margin of the vendors of rugby boots. In Asia, rugby is played on different grounds like hard ground, where the use of rugby boots is minimal,” says Arushi Thakur, an industry expert for retail goods and services at Technavio.
Global rugby protective gear market
The global rugby protective gear market is expected to exceed USD 421 million by 2020. The growing number of development and training programs by World Rugby and increasing awareness about injuries are driving the global rugby protective gear market. Protective gears for mouth and joints are in high demand among players. The mouth and joints protective guard segment accounted for more than 50% share of the global rugby protective gear market in 2015. The demand for these protective gears is increasing at a significant rate.
Other protective gears such as shoulder pads, neoprene sleeves, head gear, head tape, and grease are being used by only 15% of players. No strict rule for the compulsory use of such gear is affecting the profit margin of vendors in the market. In addition, awareness of the fact that head gear cannot protect from mild head injuries has led to a decrease in the use of this gear.
Global rugby balls and training equipment market
The global rugby balls and training equipment market is expected to exceed USD 52 million by 2020. The global rugby balls and training equipment market is growing at a slower rate than that of the other segments as the replacement cycle of balls and training equipment is less, and these products are shared by many players. Rugby balls that are used in major tournaments like the Rugby World Cup and Premiership Rugby are sponsored by major vendors like Gilbert. Gilbert has a share of more than 25% in the global rugby balls market, and the company is the supplier of balls for the Rugby World Cup.
The global rugby training equipment market, which includes tackle bags, rucking shields, and fitness and agility equipment for on the pitch, is dominated by vendors such as Canterbury and Gilbert. “This market is driven by the development programs organized by the World Rugby and other regions rugby clubs in different countries. However, the lack of a large number of clubs is limiting the demand for training equipment, which is not used in casual games,” says Arushi.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Adidas
- Canterbury
- Gilbert
- Nike
- Rhino Rugby
- Under Armour
Browse Related Reports:
- Global Football Equipment Market 2016-2020
- Global Football Apparel Market 2016-2020
- Global Sports Equipment Market 2016-2020
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