ReleaseWire Connect

As the popularity of various snow sports like skiing is on a rise, the market for snow sports accessories is exhibiting a steady growth. Besides, many countries in the world are making massive investments in developing snow sports infrastructure. Due to this, there is an increased participation by people in snow sports, and more and more people are indulging in them. Moreover, governments in countries like South Korea and China are make huge investments in developing snow sports infrastructure such as ski slopes and night ski, which further aids in the expansion of the snow sports accessories market. Also, a growing awareness about health and fitness and rise of ecommerce is also contributing to the expansion of snow sports accessories market. However, the proliferation of counterfeit products and rising cost of snow sports accessories are factors hampering the growth of this market.

Dramatically impacted by the recent global recession, the global snowmobile market has been on a gradual path towards recovery. Snowmobiling is a recreational activity that is more popular in developed countries as the cost of a snowmobile can be in the thousands of dollars, limiting the growth potential of the global snowmobile market. However, snowmobiling has now morphed from a sport into a hobby that is passionately pursued by all family members. However, the main challenge for companies in the snowmobile market is to reduce the cost of their products, increasing their accessibility and affordability in emerging economies.

The global market for hiking footwear is projected to expand at a robust CAGR throughout the forecast period 2017 to 2022, according to a new report by Fact.MR. Hiking footwear offer high functionality, and great weathering resistance, and therefore are useful for travelling long distances. Sales of hiking footwear worldwide will account for revenues nearly US$ 70,000 Mn by 2022-end.

Fact.MR's latest study reveals that the global market for baseball shoes will expand at a moderate pace during 2017 and 2022. As per the study, the global baseball shoes market is poised to reach a valuation in excess of US$ 4,500 Mn by the end of 2022.

A recently published report by Fact.MR projects the global home improvement spending market to register a steady growth over the forecast period 2017 to 2022. The global market for home improvement spending is estimated to reach approximately US$ 2,000,000 Mn in revenues by 2022-end.

The latest study conducted by Fact.MR's reveals that the global homewares market is set to ride at a value CAGR of 5.5% between 2017 and 2022 to surpass a valuation of US$ 180,100 Mn. The growth of the market is attributed to factors such as emergence of "generation rent" and increasing demand for apartment accommodations by young couples, especially in urban areas. The youth or the working population gives more emphases to style and are attracted towards low-cost seasonal homewares, whereas elderly shoppers seek luxury class homeware products. The aforementioned factors have been instrumental in fueling the growth of the global market for homewares over the recent past and is expected to stay relevant in the foreseeable future as well. In addition, the manufacturers of homeawares are also introducing affordable decorative and textile rages to lure the large pool of price-conscious shoppers present in developing countries.

With an increasing popularity of sports like golf all over the world, there is a corresponding increase in the sales of golf equipment, including golf shoes. With rising income levels and the spread of golf all over the world, the market for golf shoes is demonstrating a steady rise in demand. In order to cater to the needs of the golfers, manufacturers are focusing on expanding their product portfolio and gain a decisive foothold in this lucrative market. Besides, advances in technology have enabled to produce lightweight golf shoes, which are comfortable to wear and aid in the performance of the golfers. Such advances in technology for making superior golf shoes are going to have a positive effect on the golf shoes market. However, the shrinking interest in golf in the United States, one of the important and lucrative markets for golf equipment, including golf shoes, may hurt the growth of this market.

Cricket is quite a polarizing game as it is followed with a passion in Commonwealth countries but is hardly understood in the rest of the world that was not influenced by the British. Cricket gloves are an important part of the cricket accessories market but the cricket gloves market has not been able to reach its full potential. This is mainly because the gentleman's game itself has been unable to gain widespread acceptance in Europe, South America, and East Asia, hampering the growth of the cricket gloves market. In addition, the cricket gloves market is largely saturated and companies have to devise innovative marketing strategies to help their products be the 'best amongst the rest'.

Ice skating is observed in several snow clad regions around the world. Ice skating equipment market is impacted by several factors which directly have relation with the growth of the market. The increasing number of people choosing ice skating either for leisure or thrill, rising ice skating sports, the increasing number of waterless ice skating arenas, rising eco ice skating rinks especially in the emerging economies, rising disposable income, new innovations in equipment used in ice skating, exercise and health benefits from ice skating and rising artificial ice skating arenas for people are few of the aspects which have a positive impact on the ice skating equipment market. The rise in ice skating due to these factors has led to an increased consumption and demand for equipment used in ice skating which has in turn spurred the global ice skating equipment market. Developed economy of North America shows higher market attractiveness for the ice skating equipment market.

Fact.MR, in its new report, has projected the global cross country ski equipment market to register a steady growth over the forecast period 2017 to 2022. Global sales of cross country ski equipment are estimated to exceed US$ 50 Mn in revenues by 2022-end.