Global Mixed Martial Arts Equipment Market 2020-2024 | Advent of Tracking Technology to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Jan 8, 2020--
The global mixed martial arts equipment market size is expected to grow by USD 348.4 million during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global mixed martial arts equipment market 2020-2024. (Graphic: Business Wire)
Increasing focus on healthy lifestyles is one of the key factors anticipated to drive the market growth during the forecast period. The prevalence of chronic back pain has increased considerably in the recent years owing to the lack of physical activities and sedentary lifestyles. In addition, hectic work schedules and rising incidence of chronic health conditions such as diabetes, high cholesterol, and obesity have encouraged people to opt for daily exercise. This has led to the growing popularity of fitness activities such as mixed martial arts. Participating in these activities helps strengthen abdominal muscles, improve coordination, and flexibility of the body. Thus, rising awareness about the importance of healthy lifestyles will encourage the adoption of MMA, which, in turn, will boost the sale of MMA equipment including gloves, protective gear, and training equipment.
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As per Technavio, the advent of tracking technology will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2020-2024.
Global Mixed Martial Arts Equipment Market: Advent of Tracking Technology
The rising emphasis on connected sports wearable devices to manage and monitor the performance of participants is one of the key trends anticipated to drive the market growth during the forecast period. Surging use of smart wearable devices such as fitness trackers and smartwatches help sports associations to collect information about their athletes and players. Tracking technology in the MMA industry is used for tracing, mapping, and enhancing the performance of players by identifying their weaknesses and strengths. Thus, growing adoption of tracking technology in mixed martial arts equipment is expected to further boost growth during the forecast period.
“Growing popularity of women’s MMA, surging online sales, improving marketing strategies by vendors, and rising number of fitness centers and health clubs will boost the growth of mixed martial arts equipment during the forecast period,” says a senior analyst at Technavio.
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Global Mixed Martial Arts Equipment Market: Segmentation Analysis
This market report segments the global mixed martial arts equipment market by product (MMA gloves, protective gear, and training equipment), distribution channel (offline and online), end-user (individual and organization) and geography (APAC, Europe, MEA, North America, and South America).
North America led the mixed martial arts equipment market share in 2019 followed by Europe, APAC, South America, and MEA. The mixed martial arts equipment market growth in the region can be attributed to the presence of a well-developed sports industry and the growing interest of consumers to participate in different types of martial arts. Furthermore, the growing participation of women will further drive market growth as major vendors in the market are constantly developing innovative product offerings for women players.
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Some of the key topics covered in the report include:
Five Forces Analysis
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INDUSTRY KEYWORD: MARTIAL ARTS SPORTS
SOURCE: Technavio Research
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PUB: 01/08/2020 06:00 AM/DISC: 01/08/2020 06:01 AM