Basketball Gear Market To Witness A Significant Growth Of USD 1,185.5 Million By 2030
San Francisco, 4 Oct 2022: The Report Basketball Gear Market Size, Share & Trends Analysis Report By Product (Basketballs, Hoops & Backboards, Accessories), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2022 - 2030 The global basketball gear market size is expected to reach USD 1,185.5 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.4% from 2022 to 2030. Growing awareness among people about fitness, inclination towards basketball, increasing disposable income, and high reputation of the NBA league are major factors largely contributing to the growth of the market. The varying raw material cost of basketball equipment is hampering the market growth. However, investments in basketball leagues are anticipated to create lucrative growth opportunities for the market over the forecast period. The COVID-19 pandemic impacted negatively the market growth in 2020. A lockdown condition was