Online Retail Portals are Gaining Popularity in Europe
Key manufacturers in Europe incurred huge losses due to the pandemic, with the shutting down of several stores in 2020. Europe is home to many fashion capitals that have streets full of retail outlets. The stores suffered the blow of the pandemic due to non-existent footfall in the first half of the year.However, due to the widespread adoption of e-commerce by traditional stores, the manufacturers witnessed a steady recovery in terms of sales and production. Many stores have also reopened with keeping in-store health and safety measures in check and are experiencing average footfall.
As consumers are getting comfortable with online retail portals, the retail industry is witnessing a gradual recovery with prospects for expansion in the future.
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Paintball equipment market will continue to witness a slackened growth through 2028, according to a new Fact.MR study. Growth of the paintball equipment market continues to remain sustained by factors such as rising participation rate in recreational sports and popularity of paintball among Millennials. Inclination of individuals toward indoor role-playing games (RPG) has raised enthusiasm in confrontational sporting activities, which will further uphold sales of paintball equipment in the forthcoming years.
Prominent Players:
Dye Precision Inc.
Planet Eclipse Ltd.
Virtue Paintball LLC
Arrow Precision Ltd.
Valken Inc.
Gelkaps Sports Pvt. Ltd.
Sales of paintball equipment though the direct-to-customer channel are estimated to be on an upswing in the coming years, accounting for a larger share in the paintball equipment market. According to the report, the sales of paintball equipment through direct-to-customer channel are expected to cross US$ 170 Mn by 2028.
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On the other hand, proliferation of e-commerce is expected to auger well for sales of paintball equipment. Enthusiasts are relying on online platforms to purchase paintball equipment owing to higher convenience, reliability and pocket friendly features. Paintball equipment manufacturers can leverage the reach of online platforms to tap new customers. Sales of paintball equipment via third party online channels are projected to expand at higher rate throughout the period of assessment, albeit at a relatively lower base, says Fact.MR.
The demand for paintball equipment such as paintballs is projected to increase at a significant pace throughout the forecast period. Sales of paintballs are likely to be on an upswing on the back of increasing developments such as use of gelatin paintballs that reduce injuries during a direct hit. The paintball equipment market is also influenced by growing innovations in secondary paintball equipment such as goggle cloths and loaders.
Sales of paintball markers/guns are expected to account for a major share in the paintball equipment market, largely contributing to the growth of the overall market. According to the report, sales of electro pneumatic paintball equipment are likely to surpass mechanical variants by 2028 owing to higher firing speeds offered by the former.
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Sales of paintball equipment are likely to remain concentrated in the developed regions of North America and Europe. North America is expected to showcase higher market attractiveness for paintball equipment owing to a higher participation rate. For instance, according to SFIA (Sports and Fitness Industry Association), participation of people in paintball activity from United States alone was 3,707,000 in 2016 and is expected to increase in the coming years. Moreover, macroeconomic aspects such as higher GDP per capita of the region is expected to support the growth of the paintball equipment market in North America.
The paintball equipment market is also influenced by growing events and championships worldwide, for instance associations such as EPBF (European Paintball Federation) are promoting the sport across European countries by conducting world championships hosted in European countries. This is likely to augment sales of paintball equipment, in turn providing potential growth avenues for paintball equipment manufacturers in the forthcoming years.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/01/28/1706082/0/en/eSports-Market-to-Surpass-US-6000-Million-by-2028-on-Back-of-Growing-Popularity-Among-Enthusiasts-Fact-MR.html
Overview Of Table of Content ( TOC ):
List of Tables
TABLE 1: Global Paintball Equipment Market Comparison (US$ Mn), by Region 2013A – 2018E
TABLE 2: Global Paintball Equipment Market Comparison (US$ Mn), by Region 2019F – 2028F
TABLE 3: Global Paintball Equipment Market Size (US$ Mn) by Product Type, 2013A – 2017A
TABLE 4: Global Paintball Equipment Market Size (US$ Mn) by Product Type, 2018E – 2028F
TABLE 5: Global Paintball Equipment Market Size (US$ Mn) by Sales Channel, 2013A – 2018E
Contd…
List of Figures
FIG. 1: Global Paintball Equipment Market Value (US$ Mn) & Y-o-Y Growth, 2013 – 2018
FIG. 2: Global Paintball Equipment Market Value (US$ Mn) & Y-o-Y Growth, 2019 – 2028
FIG. 3: Global Paintball Equipment Market Absolute $ Opportunity Assessment, 2017 – 2028
FIG. 4: Global Paintball Equipment Market Share & BPS Analysis by Regions – 2013, 2018 & 2028
FIG. 5: Global Paintball Equipment Market Y-o-Y Growth Comparison by Regions, 2018 – 2028
Contd…
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