Monthly Archives: April 2019

The Basketball Apparel Market Will Register a CAGR of Over 5% by 2023

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London, UK – April 4, 2019 (PRNewswire) The innovations in basketball apparel designs and portfolio expansion is one of the key factors driving the growth of global basketball apparel market. Market players are deploying innovative materials to provide lightweight and breathable designs in basketball apparel. In addition, the companies are also focusing on cost optimization and product portfolio innovation for optimizing their profit margin strategies. As a result, these innovations will boost the basketball apparel market growth during the forecast period. Analysts have predicted that the basketball apparel market will register a CAGR of over 5% by 2023.

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Market Overview

Increasing adoption of basketball
One of the growth drivers of the global basketball apparel market is the increasing adoption of basketball. The basketball sport has been gaining popularity among the youth in the Americas which is expected to drive the demand for basketball apparel.
Inconsistent raw material prices
One of the challenges in the growth of global basketball apparel market is the inconsistent raw material prices. The continuous changes in vendor profit margins due to the volatility prices of raw materials will hamper the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the basketball apparel market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented with the presence of several market players. The growing technology innovation across the world are encouraging the sports apparel manufacturers to introduce smart features in their products. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

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Fortnite World Cup Beats Major Sporting Events in Prize Money

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Source: Statista

Epic Games, maker of the hugely popular online game Fortnite, is holding the first official Fortnite World Cup this summer, and the qualifying rounds for the esports tournament start as early as April 13. The final event scheduled to be held in New York City from July 26 to 28 will be the biggest Fortnite tournament to date and one lucky gamer will walk away as a millionaire.

In total Epic Games has set aside $40 million in prize money for the Fortnite World Cup, of which $10 million will be awarded over 10 weeks during the qualifying stage and $30 million will be reserved for those players who qualify for the New York City final. The solo champion will bag a record-breaking $3 million prize, making the winners’ purses in some of the biggest individual sporting events in the world look like small change in comparison.

As the following chart illustrates, you could win the Tour de France, the Hawaii Ironman, the New York Marathon and the Masters Tournament in Augusta and still walk (or limp) away a poorer person than the world’s best Fortnite player. The tournament is part of Epic Games’ campaign of making Fortnite the most lucrative game in esports. Last year, the company pledged to put up $100 million in prize money for Fortnite events through the end of 2019.

Gaming Infographic