The analysts forecast the global rugby equipment market to grow at a CAGR of 2.69% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend which is positively impacting market growth is innovations in rugby equipment. In order to improve the profit margin and to gain maximum share, vendors are focusing on innovation in rugby equipment across all product categories. According to the report, another key growth driver is the availability of different development programs by World Rugby. The development, training, and services conducted by World Rugby along with six regional associations and the World Rugby Regional Committee, which includes a representative from each regional association, are the major reasons for the increased participation in rugby worldwide.
The global number of participation in rugby increased from 2.6 million in 2007 to 7.73 million in 2015. The participation rate increased more than 10% yearly until 2015. This increased participation leads to the demand for rugby equipment as well. "Get Into Ruby" is an example of such programs that increased the participation in rugby. Different programs are aimed to increase participation in rugby, develop stronger unions, and promote age grade festivals and competitive programs
Further, the report states that one challenge that could hamper market growth is the high risk of injury associated with rugby.