Global Market Overview
Tetherball is an outdoor activity that is played among two players with a tetherball attached to the pole by a rope. The tetherball is available at both retail stores and e-commerce stores. The tetherball market is still growing, which provides an opportunity to many sporting goods manufacturers. The manufacturers are focusing on manufacturing the tetherball that is of considerable size and is light in weight. The increasing trend of outdoor activities is also supporting the growth of the tetherball market. The growth of the sporting goods industry is also creating opportunities for the manufacturers to invest in the tetherball market. The U.S. and Canada are prominent consumers of the tetherball market while China has a number of tetherball manufacturers for the global market.
According to our insights, the global tetherball market is anticipated to grow in three to five years due to an increase in the attraction of people towards recreational activities.
Global Market Dynamics
- The attraction of young enthusiasts towards the outdoor recreational activities is expected to create significant growth in the global tetherball market.
- The tetherball game is mainly based on coordination, and so, school institutions are promoting this recreational activity among children for the development of bonding among children.
- Various organizations are improving the tetherball game and organize events and leagues such as NEXTTL Tetherball League, MLTB Tetherball League, NTL Tetherball League and some other activities which provide a platform for the growth of global tetherball market.
- The regional government bodies are also developing Sports Academy and organize various programs for the awareness towards outdoor and recreational activities.
- The penetration of the tetherball market is limited to the developing region due to the lack of awareness towards outdoor activities.
- The manufacturers have an opportunity to expand the tetherball market by supplying their products to the developing market and boost the revenue.
- Recognition of tetherball as an outdoor recreational activity is expected to boost the sales of the tetherball in the global market over the forecast period, 2018-2028.
Global Market Segmentation
Global tetherball market can be segmented by product type as:
- A Ball
- A Rope
- A tether pole.
Global tetherball market can be segmented by the size of a ball as:
- 8 cm diameter
- 10 cm diameter
Global tetherball market can be segmented by sales channel as:
- Sporting goods retail
- The third-party online
- Modern trade channel
Global Review of the Market
The growth of the global sports industry is expected to boost the tetherball market in the forecast period. The tetherball market is well-established in the North America region and holds a considerable share in the global market. The rapid growth of the sporting industry and increasing attraction of people towards recreational activities in the APEJ region and Latin America region will be expected to witness the growth of the tetherball market. The MEA and CIS and Russia region are expected to show moderate growth for the global tetherball market. Further, the growth of global sports and goods industry is also expected to boost the global tetherball market. The prominent players are investing in the sports industry and also enhancing their network by contracting with the local manufacturers. Moreover, the local manufacturers are approaching for the strategic expansion across the global market. The attempts of the manufacturers is expected to be key factor for the development of global tetherball market over the forecast period.
Global Market: Prominent Players
The prominent players in the global tetherball market are Gopher Sport, Playworld, Park, and Sun sports, Verus Sports, Tachikara, Voit, Martin, Champion Sports, Mikasa Sports, Markwort, Baden, and some other manufacturers. Besides, to expand the distribution, manufacturers are also focusing on increasing the awareness by organizing different events such as National Tetherball League and other activities. The events hosted by manufacturers are also a part of branding and marketing tetherball in the global market. Further, the development of the distribution network is expected to boost the sales of the global tetherball market. According to our insights, the global tetherball market is expected to grow in the forecast period, 2018-2028.
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