United States, Rockville MD, July 11, 2022 (GLOBE NEWSWIRE) — As per the latest report published by Fact.MR, a market research and competitive intelligence provider, the global bowling equipment market is expected to be worth US$ 943.4 million in 2022 and witness a CAGR of 4.5% from 2022 to 2032. Fact.MR is looking at the tremendous growth of the market in wake of excessive demand for bowling bags, bowling shoes, bowling balls, bowling machines, and bowling pins.
New entrants in the bowling equipment market could gain prominent market shares by the integration of advanced technologies with bowling to enhance the overall gaming experience. As such, the bowling equipment market is expected to reach US$ 1.46 billion by the year 2032.
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Key Takeaways from Market Study
- The bowling equipment market is anticipated to progress at a steady CAGR of 4.5% through 2032.
- China is expected to account for US$ 97 million of revenue.
- The US, UK, and China collectively hold 38.4% of the market share.
- Ten-pin bowling equipment is expected to witness a notable increase in demand as the popularity of ten-pin bowling increases.
“Rising per capita disposable income, increasing urbanization, and growing penetration of western culture are some of the key factors that are anticipated to drive the overall bowling equipment market growth over the coming years.” says a Fact.MR analyst.
New entrants are gaining prominence in the bowling equipment market due to the integration of various advanced technologies, so as to improvise on the gaming experience in its entirety. Clutch bowing is one such kind of bowling, which combines motion tracking and vibrant graphics for rendering a different bowling experience. Andrew Zwicker, a high school bowling coach, had created clutch bowling and has been installed in 25 bowling centers covering 15 countries.
The other trends are advanced scoring consoles, custom bowling balls, and 3-phase technologies. Manufacturers are focusing on developing these new balls as they provide enhanced friction with the bowling lane surface and hence improve performance.
- QUBICAAMF, in April 2022, announced launching its novel pinspotter. EDGE Free-Fall is abreast with various advanced technological features.
- Isos Acquisition Corporation, in July 2021, did announce an official merger with Bowlero for listing it on NYSE.
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Key Segments Covered in Bowling Equipment Industry Research
- Bowling Equipment Market by Type :
- Bowling Balls
- Bowling Pins
- Bowling Accessories Market
- Bowling Equipment Market by Sales Channel :
- Sporting Goods Retailers
- Department Stores
- Online Retail
- Bowling Equipment Market by Region :
- North America
- Latin America
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global bowling equipment market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by type (bowling balls, bowling pins, and bowling accessories), by sales channel (sporting goods retailers, department stores, hypermarkets, supermarkets, online retail, and likewise), and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).
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About the Consumer Goods Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned consumer goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analyzed the consumer goods industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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