Curated News
By: NewsRamp Editorial Staff
August 17, 2024
Global Sports Market Trends: New Products and Major Brands
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- Major sports brands have entered the sports products market, providing potential for new products and market competition.
- Sports tape and kinesiology tape offer joint protection and muscle pain relief, with sports tape providing stronger support and kinesiology tape offering great elasticity.
- The development of sports and health products contributes to increasing health awareness and promotes overall well-being for individuals globally.
- The emergence of cotton kinesiology tape and sports tape at the Paris Olympics provides an interesting insight into the potential of these products in the sports market.
Impact - Why it Matters
The rise of the global sports and leisure products market has been fueled by the COVID-19 pandemic and heightened health awareness. As major sports brands enter the market, new products like cotton kinesiology tape and sports tape offer potential for companies seeking to break through stagnant states.
Summary
The global sports and leisure products market is projected to reach $481.93 billion by 2027, driven by the global COVID-19 pandemic and increasing health awareness. Major sports brands have entered the market, dominating sportswear and equipment. However, new products like cotton kinesiology tape and sports tape have shown potential, especially after featuring in the Paris Olympics. These products offer sports protection, with sports tape providing strong joint support and kinesiology tape offering muscle pain relief. Companies looking to break through stagnant states should consider exploring these new products.
Source Statement
This curated news summary relied on this press release disributed by 24-7 Press Release. Read the source press release here, Global Sports Market Trends: New Products and Major Brands
