Bowling Equipment Market
Bowling Equipment Market Analysis By Type (Bowling Balls, Bowling Pins, Bowling Accessories), By Sales Channel (Sporting Goods Retailers, Department Stores, Hypermarkets, Supermarkets, Online Retail) - Global Forecast 2022 to 2032
Analysis of Bowling Equipment market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Bowling Equipment Market Outlook (2022-2032)
The bowling equipment market stands at a revenue total of US$ 943.4 million in 2022 and is anticipated to reach an estimated valuation of US$ 1.46 billion by the end of the forecast period. The bowling equipment market is slated to expand at a CAGR of 4.5% from 2022 to 2032.
The bowling products market is expected to increase in valuation as sales of bowling balls, bowling shoes, bowling bags, bowling pins, bowling machines, etc. rise across the forecast period.
Report Attributes |
Details |
---|---|
Bowling Equipment Market Size (2022) |
US$ 943.4 Million |
Predicted Market Value (2032F) |
US$ 1.46 Billion |
Estimated Market Growth Rate (2022-2032) |
4.5% CAGR |
China Market Value (2022) |
US$ 97 Million |
Top 3 Countries’ Market Share |
38.4% |
Key Companies Profiled |
|
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Bowling Equipment Sales Analysis (2017-2021) in Comparison to Market Growth Forecasts (2022-2032)
Demand for bowling equipment is anticipated to increase over the forecast period owing to the rising popularity of bowling in various regions of the world. The increasing millennial population is also expected to favour bowling equipment consumption across the forecast period.
Rising per capita disposable income, increasing urbanization, and growing penetration of western culture are some of the key factors that are anticipated to drive the overall bowling equipment market growth over the coming years. Increasing spending on leisure activities and supportive government initiatives to promote leisure activities are also expected to favour bowling equipment sales through 2032.
Ten-pin bowling equipment is expected to witness a notable increase in demand as the popularity of ten-pin bowling increases. Increasing focus on health and fitness is also expected to increase spending on leisure activities and subsequently propel bowling gear market potential.
The bowling equipment market is anticipated to progress at a steady CAGR of 4.5% through 2032.
Why is Bowling Equipment Demand Rising Steadily?
“Increasing Spending on Leisure Activities across Geographies”
The world has witnessed a rise in stress levels among the global population and several efforts are being taken to control stress and improve the quality of life. Governments across the world are promoting various indoor and outdoor leisure activities to improve the happiness index, and this is expected to favor the shipments of bowling equipment over the coming years.
Bowling is a popular indoor leisure activity that is gaining popularity across various regions and hence increased spending on leisure activities will drive bowling equipment market growth.
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What Market Trends Can New Entrants Capitalize On?
“Integration of Advanced Technologies to Enhance Bowling Experience”
New entrants in the bowling equipment market could gain prominent market shares by the integration of advanced technologies with bowling to enhance the overall gaming experience. One such instance of success can be found in the inception of clutch bowling, which combined vibrant graphics and motion tracking to create a whole new bowling experience.
- Clutch Bowling was created by a high school bowling coach named Andrew Zwicker and is now installed in 25 bowling centers that span 15 countries.
New entrants and start-ups can focus on similar technological trends and create innovative products to penetrate the market and increase their market presence.
Custom bowling balls, advanced scoring consoles, and 3-phase technologies are some of the prime trends that provide new opportunities for start-ups and new entrants alike. New bowling equipment suppliers can focus on less matured markets to avoid competition from established market players and reduce the risk of losses.
Which Region Spearheads Consumption of Bowling Equipment?
“North America Handsomely Leads Demand for Bowling Equipment”
The bowling equipment market in North America accounts for a dominant market share of 31.3% in 2022 and stands at a revenue total of US$ 295 million.
High popularity of bowling among women and millennials in this region is expected to propel bowling equipment demand in this region. The presence of key bowling equipment manufacturers in this region is also expected to favor market growth in the region across the forecast period.
The bowling accessories market in the region is expected to be driven by high sales of products such as bowling pins, bowling balls, bowling shoes, bowling bags, etc.
A complete regional assessment of the latest market trends has been provided in this new bowling equipment market survey by Fact.MR, a market research and competitive intelligence provider.
What Type of Bowling Balls is Expected to Be Extremely Popular?
“Reactive Resin Bowling Balls to Witness Rise in Demand”
Bowling equipment brands are investing in research and development of new products that enhance the bowling experience and make it more fun. Traditional bowling balls are expected to be replaced with new reactive resin balls and polyester balls. Manufacturers are focusing on developing these new balls as they provide enhanced friction with the bowling lane surface and hence improve performance.
Reactive resin balls are gaining popularity and are expected to increase in demand across the forecast period. Advancements in technology have enabled bowling ball equipment suppliers to develop innovative types of bowling balls and other bowling materials and equipment.
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Competitive Landscape
Bowling equipment suppliers are also expected to focus on mergers and collaborations to boost their sales potential and increase their market share on a global level. Bowling equipment manufacturers are focusing on launching new and innovative products to enhance the overall bowling experience.
- In April 2022, QubicaAMF, a leading bowling equipment company, announced the launch of its new pinspotter. EDGE Free-Fall is equipped with advanced technological features that enhance the bowling experience and also lower the operational costs for proprietors over the long term.
- In July 2021, Isos Acquisition Corporation announced a formal merger with Bowlero, an American bowling center operator. The merger was intended to take Bowlero public and list it on the New York Stock Exchange (NYSE).
Key Segments Covered in Bowling Equipment Industry Research
-
Bowling Equipment Market by Type :
- Bowling Balls
- Bowling Pins
- Bowling Accessories Market
-
Bowling Equipment Market by Sales Channel :
- Sporting Goods Retailers
- Department Stores
- Hypermarkets
- Supermarkets
- Online Retail
- Others
-
Bowling Equipment Market by Region :
- North America
- Latin America
- Europe
- APAC
- MEA
- FAQs -
What valuation does the bowling equipment market enjoy?
The global bowling equipment market is valued at US$ 943.4 million.
What is the expected bowling equipment market value for 2032?
By 2032, the bowling equipment market is set to reach US$ 1.46 billion.
How will the market evolve through 2032?
Sales of bowling equipment are expected to increase at 4.5% CAGR through 2032.
Which region leads the global bowling equipment market?
North America leads the market with a high 31.3% market share.