Published Date : Apr 10, 2017
Albany, New York, April 10, 2017: MarketResearchReports.biz announces the addition of a new market research report to its burgeoning market intelligence repository. The report studies the global bowling equipment market and presents a through overview for interested observers. The report, titled ‘Global Bowling Equipment Market 2017-2021,’ delivers segmented reports of the global bowling equipment market and studied forecasts regarding the market’s growth potential from 2017 to 2021. In this period, the market is expected to exhibit a steady 4.41% CAGR.
Bowling is a popular sport in Western countries, which is reflected clearly in the geographical hierarchy of the global bowling equipment market. The Americas are the dominant regional market for bowling equipment due to the widespread popularity of bowling as a recreational activity. The popularity of the game has also led to the formation of several bowling leagues and tournaments, which has further helped advance the growth of the bowling equipment market in the region. Within the Americas, North America is the leading contributor to the bowling equipment market, with the U.S. emerging as the key consumer of bowling equipment.
Europe is another key consumer of bowling equipment, with the region leading the EMEA bowling equipment market in terms of consumption. Like North America, the prosperity in several European countries has allowed consumers in the region to indulge in recreational activities such as bowling. Due to this, the bowling equipment market is set to garner steady revenue from North America and Europe in the coming years.
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Demographically, the increasing interest in bowling among millennials is likely to remain a key driver for the global bowling equipment market in the coming years. Due to the easy availability of bowling facilities in an increasing number of developing Asian and South American countries, the young populations in both these regions could become key consumers of bowling equipment in the coming years. The steady increase in the prosperity of urban consumers is also crucial for the global bowling equipment market and is likely to remain an important driver in the coming years.
On the other hand, the rising use of virtual bowling applications such as PC and mobile games threatens to impede the growth of the bowling equipment market. However, the authentic experience delivered by physical bowling facilities is likely to remain the trump card boosting the global bowling equipment market’s growth. The inclusion of bowling centers in an increasing number of malls is also likely to help the global bowling equipment market.
The report also provides a detailed data repository about the competitive landscape of the global bowling equipment market. Key bowling equipment manufacturers and distributors studied in the report include Ebonite, Brunswick Bowling, US Bowling, Murrey International, and QUBICAAMF. The projected development of the competitive landscape of the global bowling equipment market in the coming years and its effect on key competitors is studied in the report.
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