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Global Volleyball Equipment Market to Reach $1.1 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Volleyball Equipment estimated at US$701.8 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 6.8% over the analysis period 2020-2027. Volleyball Balls, one of the segments analyzed in the report, is projected to record a 8.2% CAGR and reach US$475 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Volleyball Shoes segment is readjusted to a revised 6.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $189.7 Million, While China is Forecast to Grow at 10.6% CAGR
The Volleyball Equipment market in the U.S. is estimated at US$189.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$247.5 Million by the year 2027 trailing a CAGR of 10.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$151.4 Million by the year 2027.


Volleyball Protective Gears Segment to Record 6.3% CAGR
In the global Volleyball Protective Gears segment, USA, Canada, Japan, China and Europe will drive the 6.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$94.4 Million in the year 2020 will reach a projected size of US$139.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 7.5% CAGR through the analysis period.