Global Youth Sports Market to Reach USD 69.4 Billion by 2030; Increasing Health Complications to Drive the Market | Markets N Research
The global youth sports market is expected to exhibit strong growth, reaching USD 69.4 billion by 2030. As per the report titled "Youth sports Market Size, Share & COVID-19 Impact Analysis, By Type (Soccer, Basketball, Baseball, Football, Volleyball and Other Sports), By Application (Sports Video, Match and Others), and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at USD 37.5 billion and USD 69.4 billion in 2030. The market is expected to exhibit a CAGR of 9.20% during the forecast period.๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ณ๐ผ๐ฟ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ @ https://marketsnresearch.com/sample/1652
For Youth Sports Groups, TeamSnap Has Announced The Debut Of Their All-In-One Multi-Program Management System
In April 2022, the debut of TeamSnap's all-in-one multi-program administration system for youth sports groups was announced. Clubs and leagues can register players and use the new system's team administration and scheduling functions.
๐๐ง๐๐ซ๐๐๐ฌ๐๐ ๐๐๐๐ฅ๐ญ๐ก ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The necessity for sports amongst youth is growing because it serves as an essential tool for those who are obese to lose weight at their own speed. For instance, according to data from the State of Child Obesity.Org released in September 2020, adult obesity rates in the United States exceed 35% in 12 states, 25% in 48 states, and 30% in 35 states. Additionally, people become more aware of how physical inactivity contributes to various health problems like heart disease, diabetes, cancer, and others, thus, driving the market growth. Similarly, according to information released by the Centers for Disease Control and Prevention in September 2019, inactivity raises the risk of heart disease, numerous malignancies, and type 2 diabetes. In addition, a lack of physical exercise contributes to annual healthcare costs of USD 117 billion.
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐๐๐๐-๐๐ ๐จ๐ง ๐ญ๐ก๐ ๐๐จ๐ฎ๐ญ๐ก ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ
In 2020, the COVID-19 sickness epidemic substantially decreased demand for the youth sports offered by these facilities, leading to lockdowns and restrictions on domestic and international travel by governments worldwide. Due to national governments' efforts to stem the transmission, which resulted in the closure of recreational facilities and the proclamation of a "lockdown" in several countries, the outbreak adversely affected companies throughout 2020 and 2021. The bulk of local sports leagues and competitions have been canceled or postponed, severely influencing the revenue generated by youth sports platforms. However, the COVID-19 pandemic has shut down the youth sports market.
๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ฅ๐๐ง๐ฌ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐ซ๐๐ง๐ ๐๐ฆ๐๐ ๐
The leading businesses in the youth sports market plan acquisitions to improve their brand recognition globally. For instance, in October 2022, the relationship between Sport:80 and etrainu promises to increase the usability and accessibility of cutting-edge online learning solutions for the sports organizations that the company works with.
๐๐๐๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://marketsnresearch.com/report/1652/global-youth-sports-market
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ
โข Billabong International Limited
โข Kingswood Leisure Services
โข The Forzani Group Limited
โข Puma EC
โข Nike Inc.
โข Callaway Golf Co.
โข Daiwa Seiko Corp.
โข Yonex Co. Limited.
โข Dunlop Sports Group Americas Inc.
โข Sports Direct International PLC
โข Premier Ports Services
โข Ningbo Supermax Sports and Leisure Equipment Co. Ltd.
โข Cabelaรขs Inc.
๐ ๐ฎ๐ซ๐ญ๐ก๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ
โข The market in North America is expected to gain a huge portion of the global youth sports market share in the coming years. The U.S., Canada, and Mexico study the North American youth sports market.
โข Significant capital investments from various investing organizations, including sports clubs and broadcasters, and extensive marketing campaigns focusing on large cash prizes have also contributed to the region's significant market growth.
โข In Europe, the growth in this region is primarily driven by an expanding venue for youth sports like football and cricket.
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