A Market Worth Hundreds of Billions of Dollars - Major Sports Brands Have Entered the Market

    WUXI, CHINA, August 17, 2024 /24-7PressRelease/ -- A Market Worth Hundreds of Billions of Dollars - Major Sports Brands Have Entered the Market

New trends in sports and health products

The global sports and leisure products market size in 2020 is $300.29 billion, and it will reach $481.93 billion by 2027, with a compound annual growth rate of 7.0% during the forecast period. This set of data is from business research. What prompted the development of such a large scale in the sports goods industry?

The editor believes that the global COVID-19 pandemic and people's increasing health awareness have played a decisive role.

At the end of 2019, a global disaster struck, killing tens of millions of people. The advent of this disaster made people deeply aware of the importance of health.

Sports products are a market with huge potential.

However, from sportswear to various sports equipment, almost all of them are occupied by major brands. If you want to make a breakthrough, you can only look for new products.

The editor found that cotton kinesiology tape and sports tape both have good potential. They frequently appeared in the Paris Olympics that just passed.

The main function of sports tape and kinesiology tape is sports protection. The difference is that sports tape has no elasticity and stronger support, and is mainly used for joint protection. Kinesiology tape has great elasticity and is mainly used for muscles to relieve muscle pain.

If your company is currently in a stagnant state, you can try it, maybe it can help you get out of the predicament.

If you need to, you can contact the sports tape manufacturer and you will get a satisfactory response within 24 hours.

# # #