Market Research Report Sports apparel market research-Ken Research | Page 2

establishing sports facilities. Therefore, the Asia-Pacific region is expected to be the highest
contributor to the growth of the volleyball industry in the coming years.
In the case of India, sports in general is getting an unprecedented boost with the government
rewarding players winning medals in major international tournaments such as Olympics. This
has resulted in parents encouraging their children to explore sports other than the dominant
cricket for making a career.These developments are going to boost sports like volleyball
which were hitherto not favourite sports for the Indian youth.
According to Ken Research analysis, the widening scope of volleyball as a sport, career, and
leisure activity in India will be a welcome boost for the global volleyball industry. Though
the current market scenario appears to be seamless for the good growth of the volleyball
industry, the companies doing business in this industry must manage the competition.
Strategies of innovation and promotion will be a great differentiator for the winners and
losers in the volleyball market.
Among global volleyball markets, so far the US, Europe and Australia have been great
markets but their growth potential more or less has been exhausted. Thus, the companies
doing volleyball business in these regions will likely explore other regions for future growth.
The global volleyball industry is likely to grow at a decent CAGR and will be able to attract
many investors.