Basketball Hoops Market

Basketball Hoops: Introduction

• Since its invention, basketball has been one of the most popular games in many countries around the world. The rim or the circular portion suspended from the basketball board is known as hoop. Basketball hoops come in different types and sizes to suit everyone’s needs. Basketball hoops when installed at home eliminates the need to search for a basketball court in order to enjoy the game. The increasing popularity of basketball in developing nations and adoption of basketball hoops in residences is expected to drive the basketball hoops market during the forecast period.

Key Drivers and Opportunities of the Global Basketball Hoops Market

• The popularity of basketball is increasing around the world and the game has managed to engage around 825 million fans. The rivalries and financial support were responsible for basketball growth over the years. Participation of women and various female leagues worldwide has grabbed media attention and is helping the sport reach new geographies. Consumers are investing in various equipment and accessories related to the sport due to the increasing popularity of basketball. This is expected to increase the demand for basketball hoops during the forecast period.
• Many people miss out on taking care of themselves, indulging in a hobby / sport, and spending time with their family or playing with kids due to a growing working population and busy work schedules. The installation of basketball hoop in the house / backyard will help people to enjoy the sport without any time restriction. One only requires a ball and a hoop in order to play basketball. Its equipment does not cost a lot and hence is affordable and enjoyable at the same time. Basketball can be played by people of all ages and is a good excuse for social gathering. It encourages both the old and young to engage in some form of physical activity.
• Efforts by manufacturers to incorporate new technology in the production of basketball hoops to make the product strong, durable, and suitable for all will fuel market growth. Introduction of adjustable pole to suit kids of all ages helps in increasing its adoption in the kids segment. The influence of social media, promotional activities, and easy accessibility of the product is likely to fuel the basketball hoops market. The pandemic has increased fitness awareness amongst people of all ages which is expected to drive the basketball hoops market during the forecast period.
• The restraint to the basketball hoops market as of now is only the Covid-19 pandemic. Development of shopping malls, game zones, and sports facilities only help in driving the market. The market slowed a little during the pandemic due to closure of schools, colleges, and other public spaces.   

North America to Hold Major Share of the Global Basketball Hoops Market

• In terms of region, the basketball hoops market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• The popularity of basketball is highest in North America and so is the spending capacity of consumers on the game. The market in North America is expected to be followed by South America and Europe. Asia Pacific is projected to record the highest growth rate during the forecast period due to the increasing popularity of the game in various economies in the region.

Key Players Operating in the Global Basketball Hoops Market

• AALCO Manufacturing
• Artec Sportgeräte GmbH
• Franklin Sports
• Goalrilla
• Goalsetter
• Ironclad Sports, Inc.
• Lifetime Products
• Present First Team Inc.
• Silverback
• Spalding

Global Basketball Hoops Market: Research Scope

Global Basketball Hoops Market, by Type

• In Ground
• Portable
• Wall Mounted

Global Basketball Hoops Market, by Board Size

• Up to 50 inches
• 50 to 60 inches
• Above 60 inches

Global Basketball Hoops Market, by Board Material

• Glass
• Non Glass

Global Basketball Hoops Market, by End-user

• Adults
• Kids

Global Basketball Hoops Market, by Price

• Up to US$ 1000
• US$ 1000 – US$ 2000
• Above US$ 2000

Global Basketball Hoops Market, by Distribution Channel

• Online
  • E-commerce Websites
  • Company Owned Websites
• Offline
  • Sports Stores
  • Other Retail Stores

Global Basketball Hoops Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa