Report Code: A16136 | Pages: NA | Jul 2023 | 847 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Water Polo Ball Market
Request Now !Water polo is a water-based team sport in which two teams of seven players compete against each other. Water polo is played in four quarters, with each team aiming to score goals by tossing the ball into the other team's goal. A water polo ball is a big ball used in water polo and canoe polo that is generally bright yellow in color and easy to grasp, allowing it to be carried in one hand despite its size. The increasing popularity and acceptance of water polo as active activity drives the industry in large measure. In addition, luxury resorts and hotels provide sports activities in their facilities, one of which is water polo. The construction of water polo courts to attract and support employers as a healthy leisure activity drives increasing hotels and resorts revenue revenues. With the outbreak of the COVID-19 pandemic, the government imposed a lockdown, limiting customers' outside mobility. Due to the restriction of outdoor mobility, demand for water polo balls has decreased.
COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
Water Sports is gaining popularity and attraction in the distribution channel
The water polo ball market is driven by several factors, for instance, the increasing popularity of world beach games promoted by the Association of National Olympic Committees, and the rising number of water sporting facilities all across the globe. These factors are projected to drive the water polo ball market throughout the forecast period. Furthermore, manufacturers are enhancing their distribution channels to increase sales. As a result, the market is estimated to witness the rising adoption of water polo equipment.
Fluctuation in Raw Material Prices is hindering the growth of the water polo ball market
Many consumers use water polo balls for practice which is acquired on a rental basis. Additionally, high fluctuation in raw material prices is estimated to restrain the water polo ball market throughout the forecast period. Therefore to overcome the limits, the organizations are using inferior quality materials in the production of the final product. Usage of inferior quality material helps the small scale manufacturers to cut down the final cost. The low quality and high price of the product are both contributing to the water polo ball market's decline in growth.
New product launches to flourish the market
The manufacturing companies have to invest in R&D to develop water polo balls with new material that makes the ball more sturdy and lightweight. A new style of the water polo ball will attract consumers with increasing popularity, may increase sales. Progress in technology in water polo balls should offer a new chance for the water polo business.Â
Key Benefits of the Report
Questions Answered in the Water Polo Ball Market Research Report
Water Polo Ball Market Report Highlights
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Key Market Players | Company7, Company2, Company6, Company1, Company9, Company4, Company3, Company5, Company8, Company10 |
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