PUBLISHER: WinterGreen Research, Inc. | PRODUCT CODE: 1171977
PUBLISHER: WinterGreen Research, Inc. | PRODUCT CODE: 1171977
This 2022 study has 270 pages, 119 tables and figures. Youth sports markets are poised to achieve significant growth as travel teams become more popular and families enjoy time together during a weekend sporting event.
Leagues purchase and distribute sports software, clothing, and equipment to teams and clubs. The leagues have created a large market out of what were previously disparate small businesses serving scholastic youth sports locally. The club and elite teams provide better coaching and better access for all youth, both boys and girls.
The availability of training by dedicated, professional coaches has made possible the evolution of hundreds of thousands of elite teams that together comprise a youth sports market in ordinary times. These are not ordinary times, unfortunately. Enormous market efficiency is being achieved as youth and recreational teams move to automated process. Apps can be used to book hotels and make travel arrangements.
Youth sports facilities become part of a community development program for all ages Every team, every sport has appeal and as there is more leisure, as the economy spins out more and more wealth at the top of the economic scale, there will be more spending on sports. Professional sports, betting, fantasy teams, semiprofessional teams, and teams just for fun will continue to look for venues and players.
According to Susan Eustis, leader of the market research team that prepared the study for WinterGreen Research, "Vendors are upgrading feature function packages. They are leveraging apps to improve communications and draw more people into programs. Software so it is able to provide a wide range of capabilities. Once a platform is in place, the organization of travel teams is facilitated."