Pune India, Aug. 02, 2022 (GLOBE NEWSWIRE) -- The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and Middle East and Africa. These are the key regions where the Sports Training market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the Sports Training market is present across various countries in the above-mentioned regions.
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The report provides detailed understanding of the market segments which have been formed by combining different prospects such as the form, sports type, application, medium, and others. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.
The significant players operating in the global Sports Training market are Challenger Sports, CMT Learning Ltd., Coach Sport LLC, Elle Football Academy, ESM Academies, Ignite Sport UK Ltd., School Sports Coaching, TENVIC, United States Sports Academy, US Sports Camps Inc. and others. To achieve a substantial market share in the worldwide Sports Training market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures. Among these, United States Sports Academy is one of the most significant manufacturers and distributors present in the global Sports Training market.
Sports training is a special process of preparation which is aimed at enabling the sportsman to ensure highest possible performance in a particular event/sport. Such trainings allows the body of sportsman to gradually build up endurance and strength along with an improved skill levels, motivation, and confidence. Hence, the need to reach extreme efficiency in motor abilities associated with a certain sports discipline mainly creates demand for effective sports training. This training also enables athletes to gain additional knowledge about their sport and to learn an importance of a healthy body and mind.
Playing sports supports in reducing the body fat and controls body weight. Hence, there is increased rate of participation in sports to improve fitness and health. In addition, intense physical activity involves in several sports helps in improving heart function, reduced blood pressure, decreased risk of diabetes, and reduction in stress levels. Moreover, consumer interest has been increased for health and wellness due to the COVID-19 pandemic. This was attributed to the extensive studies which indicated linking of obesity to higher incidence of death and serious illness from COVID-19. Such factors contributed to the growth of global sports training market.
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Scope of Sports Training Market Report
| Report Metric | Information |
| Study Period | 2021-2029 |
| Base Year | 2021 |
| Forecast Period | 2022-2029 |
| Market Share Unit | USD Billion |
| Segments Covered | Form, sports type, application, medium, and regions. |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle-East and Africa |
| Major Players | Challenger Sports, CMT Learning Ltd., Coach Sport LLC, Elle Football Academy, ESM Academies, Ignite Sport UK Ltd., School Sports Coaching, TENVIC, United States Sports Academy, and US Sports Camps Inc. |
Segmentation Analysis
Academy/Coaching segment is expected to be the fastest growing segment in 2021.
The form segment includes Academy/Coaching, Therapy, and Sports Analytics. Sports analytics segment is expected to witness highest growth rate during the forecast period. The sports analytics allows students in developing a strong analytical thinking and data analysis skills to address essential questions in the sport industry. There is rising trend of sports analytics training in global industry which demonstrates students for collection of massive data sets and analyze this data in order to generate useful insights. This field of training is associated with a department of sport management. In addition, the sports analytics form of sports training offers students with rigorous training across the areas such as data science, statistics, computer science, and sport management. The ongoing trend of data analytics in sports management sector is expected to create lucrative growth opportunities for this segment.
Cricket segment is expected to be the fastest growing segment in 2021.
The sports type segment includes soccer, cricket, baseball, and volleyball. Cricket segment is expected to highest growth rate during the forecast period. This sport is presently experiencing a dramatic and rapid transformation. In addition, according to the according to World Cricket Council (WCC) figures, this is the fastest growing sport in the world with the considerable rise in number of fans and players. This factor is expected to create lucrative growth opportunities for the sports training associated with the Cricket.
Online segment is expected to be the fastest growing segment in 2021.
The medium segment includes online and offline. However, online segment is expected to witness highest growth rate during the forecast period. A less budget, lack of time, or inability to find a coach nearby has mainly driven growth of the online sports training segment. In addition, most of the sports training industry players are offering online services as they are flexible, convenient, and extremely cheap for any current or upcoming athletes. Such lucrative benefits associated with the online sports training is expected to significantly boost growth of this segment in upcoming years.
Regional Analysis
The regional analysis provides a detailed perception about the key regions and the countries. Some of the key countries analysed for the Sports Training include US, Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, China, Japan India, Brazil, Peru, UAE, South Africa and Saudi Arabia.
North America region has registered highest value for the year 2021. Huge popularity of sports such as basketball, ice hockey, gridiron football, charrería/rodeo, jaripeo/bull riding, and lacrosse in this region is mainly fueling growth of the sports training market. However, Asia-Pacific is projected to register considerable growth rate during the forecast period of 2022-2028. Ongoing political, social, and economic significance of sports industry in the Asia-Pacific has mainly boosted demand for sports training in countries such as China, India, and Japan among others.
Country Analysis
Germany
Germany sports training market size was valued at USD 1.02 billion in 2021 and is expected to reach USD 1.52 billion by 2029, at a CAGR of 5.3% from 2022 to 2029. Germany is one of the leading nations in the Europe sports training market. The factors such as huge participation and spectatorship of football, economic growth, and increasing focus on health and wellness among the population are fueling growth of the Germany sports training market.
In addition, strong winter sports market in the country is further creating lucrative growth opportunities for the sports training market. For instance, the country is seeing huge popularity of winter sports including alpine skiing, sledding/tobogganing, winter hiking, cross-country skiing, snowboarding, snowshoeing, and ski touring.
China
China Sports Training market size was valued at USD 2.05 billion in 2021 and is expected to reach USD 2.99 billion by 2029, at a CAGR of 5.1% from 2022 to 2029. China is one of the largest sports training market. This is mainly attributed to the introduction of several key initiatives that are aimed at boosting the sports industry. For instance, in August 2021, the government of China announced its ambitious plan to make 5 trillion yuan sports industry by 2025. This size of the sports industry is about 69.5% higher that the size in 2019. Such government funding and policy assistance is expected to fuel growth of the overall sports training industry in the country.
On the other hand, the 2022 Winter Olympics is further slated for Beijing, China. This trend of major global sports mega-events to be hosted in the country is projected to create lucrative growth opportunities for sports training market.
India
India Sports Training market size was valued at USD 0.41 billion in 2021 and is expected to reach USD 0.63 billion by 2029, at a CAGR of 5.7% from 2022 to 2029. India is one of the strongest growing economies in Asia. In addition, the emerging popularity of cricket and other sports in this country is expected to create lucrative growth opportunities for market.
On the other hand, according to the GroupM ESP, a media investment company, the estimated size of the Indian Sports Industry is about $796 million. Also, this size of the Indian sports industry is expected to grow at rapid pace in the upcoming years. In addition, the country is seeing emerging awareness and interest in various sports. Such factors are expected to create lucrative growth opportunities for the sports training market.
Covid-19 Impact
Covid-19 had a major impact on almost all of the industries such as automotive, construction, manufacturing, oil and gas, etc. Also, in the global sports industry, the competitions and matches had been postponed or cancelled which has disrupted the governing bodies, teams, organisers, and athletes. This situation has hampered growth of the sports training market during the COVID-=19 pandemic.
On the other hand, the pandemic presented numerous social challenges including confinement, distance learning, social isolation, and an increased dependence on technology. Also, it has created lucrative growth opportunities of the online sports training. This is opportunistic for growth of the overall market.
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