(MENAFN- EIN Presswire) EINPresswire/ -- "What Is The Expected Cagr For The Water Polo Equipment Market Through 2025?
The expansion of the water polo equipment market has been robust in the last few years. The size of the market is foreseen to increase from $4.06 billion in 2024, to $4.28 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.4%. This historical growth is a result of factors such as the increasing interest in water polo, greater involvement in youth and junior initiatives, an upsurge in international tournaments, acceptance of standardized gear, and the growth of water polo clubs and coaching centres.

In the coming years, the water polo equipment market size is anticipated to experience substantial growth. The market is projected to reach $5.21 billion by 2029 with a compound annual growth rate (CAGR) of 5.0%. Factors contributing to this predicted growth span include a rising demand for superior water polo equipment, increased consciousness regarding athlete safety, an amplified interest in amateur and recreational water polo, extension of professional leagues and competitions, and escalating investments in sports infrastructure. Forecasts for this period also indicate emerging trends like technological advancements towards robust and intelligent equipment, material and design innovations for balls and protective outfits, progress in digital platforms for fan engagement, as well as in-depth research and creation of aids to enhance performance training.

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What Are The Driving Factors Impacting The Water Polo Equipment Market?
An anticipated surge in the water polo equipment market is linked to a rise in engagement in sports and fitness activities. These activities, encompassing any physical games or exercises that contribute to a person's health, strength, endurance, and overall physical health, have seen a growth in participation due to an increased public awareness of the need for a healthy living. Equipment used in water polo amplifies involvement in these activities, providing gear that not only guarantees reliability and optimized performance for players, but also fosters active participation in aquatic sports, teamwork, and physical fitness. A report from the Sports & Fitness Industry Association (SFIA), a trade organization based in the US, revealed that participation in winter sports, team sports, racquet sports, and water sports saw an increase of over 9% in 2023, with winter sports witnessing an outstanding growth of 22%. Pickleball also saw significant popularity in 2023, growing by 51.8% from 2022. Overall, 242 million Americans were involved in sports and fitness activities in 2023, which represents a 2.2% increase from the previous year. The water polo equipment market owes its projected growth to these increases in sports and fitness activities.

Which Players Dominate The Water Polo Equipment Industry Landscape?
Major players in the Water Polo Equipment Global Market Report 2025 include:

. Arena S.p.A.
. Mikasa Sports Co. Ltd.
. MalMsten AB
. Kap7 International Incorporated
. Anti Wave International
. Speedo International Limited
. TYR Sport Inc.
. FINIS Incorporated
. Net World Sports Limited
. Triton Sports Ltd.

What Are The Key Trends Shaping The Water Polo Equipment Industry?
Leading corporations in the water polo equipment industry are concentrating on innovating advanced products, including special edition Olympic balls, to improve athlete competence and increase fan interaction. Special edition Olympic balls are distinct water polo balls, produced in restricted quantities, in commemoration of the Olympic Games. For example, in April 2024, Mikasa Corporation, a sports equipment company from Japan, introduced a limited batch of official Olympic Game Balls for water polo, volleyball, and beach volleyball, tied to the Paris 2024 Olympics. These balls utilise exclusive technologies, such as a sophisticated micro-textured surface for paramount control in volleyball and a specially engineered rubber mixture for maximum grip and visibility in water polo. These enhancements permit top-notch athletes to reach their maximum potential in highly challenging competitive scenarios. Moreover, these balls increase the consistency of gameplay, adhere to international competition norms, and encourage increased involvement from the worldwide sports community.

Global Water Polo Equipment Market Segmentation By Type, Application, And Region
The water polo equipment market covered in this report is segmented –

1) By Product Type: Caps, Balls, Goals, Protective Gear, Other product types
2) By Material: Plastic, Metal, Neoprene, Polyester
3) By Age Group: Youth, Junior, Senior
4) By Distribution Channel: Online Stores, Specialty Sports Stores, Supermarkets Or Hypermarkets, Other Distribution Channels
5) By End-User: Professional, Amateur, Recreational

Subsegments:
1) By Caps: Water Polo Match Caps, Training Caps, Goalkeeper Caps, Youth Caps
2) By Balls: Official Match Balls, Training Balls, Mini Balls, Inflatable Balls
3) By Goals: Portable Goals, Fixed Goals, Floating Goals
4) By Protective Gear: Mouthguards, Ear Guards, Knee Pads, Elbow Pads
5) By Other Product Types: Water Polo Nets, Rebound Boards, Swimwear, Towels

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Which Region Holds The Largest Market Share In The Water Polo Equipment Market?
In 2024, North America held the highest share in the global water polo equipment market. Meanwhile, Asia-Pacific is predicted to witness the most rapid growth in the expected timeframe. The report includes market analysis for regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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