The report offers extensive data sets validating key trends impacting growth in the Speed hurdle market. It offers insights into strategies adopted by the key players rise and address the concerns that will challenge the growth of global market. With our extensive research and information about the past, current and future market scenario, this market report will help and identify the concerns, for a smooth-sail of the small & medium as well as large enterprises.
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Highlights of the Report
- Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
- Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
- Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
- Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
- Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry
Global Speed Hurdle Market – Dynamics
The market for speed hurdle is majorly driven by the popularity of sports around the globe. The increased fitness and health awareness amongst the vast majority of the working population is likely to propel the speed hurdle market towards growth. Growing peoples interest towards sports such as soccer, hockey, cricket, lawn tennis, rugby, volleyball or even badminton, is the only key factor for the demand of speed hurdles around the world.
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For any sport, a sportsperson needs to have strength & endurance to stay in the game in this competitive environment. The benefit of adding speed, agility, and quickness to the fitness routine can take the game to the next level. Speed hurdles are used for the training for strength, endurance, or a combination of both, required to stay in the game. All athletes can benefit from improved balance, quicker feet, and faster reaction time from repetitive practice on speed hurdle and this is exactly what Speed, Agility, and Quickness (SAQ) help to achieve in the game.
Easy application and portability are the primary factors driving the speed hurdle market. However, the presence of counterfeit products in the market have a deterring impact on the sales and demand for original quality products, impeding their future growth. Speed hurdles are no exception as counterfeit speed hurdle made of cheap and low-quality raw material are available in the market, which does not offer strength and comfort, thereby killing the purpose of owning the speed hurdle. Such factors act as a challenge and impede the expansion of speed hurdle market.
Speed Hurdle Market – Segmentation
Global speed hurdle market is segmented on the basis of product type, material type, size type, demographics & sales channel type. In terms of product type, speed hurdles are classified as a step hurdle, adjustable hurdle, agility cone hurdle, self-return hurdle, bounce back hurdle & collapsible hurdle.
By material type, speed hurdles are segmented into foam type, PVC type, fiberglass type & metal type speed hurdle, out of which PVC type speed hurdle leads the market with the highest market share over other types of speed hurdle. In terms of demographics, speed hurdles are available in men, women & in the unisex segment, but sales for men speed hurdles is more than both the remaining segments. In terms of size, speed hurdles are available in 6 inches, 9 inches, 12 inches & more than 12 inches.
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Concerning sales channels, speed hurdle market can be classified into, independent sports outlets, sports retail chain, direct-to-customer online channel, direct-to-customer institutional channel, modern trade channels and third-party online channels. Among these, modern trade channels have registered the highest share and remain dominant in sales channel type across the regions.
The speed hurdle market is divided into seven regions:
• North America
• Latin America
• Europe
• CIS and Russia
• Japan
• Asia Pacific excluding Japan (APEJ)
• Middle East and Africa (MEA)
After reading the market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the global market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period.
- Technologies and business models with disruptive potential
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