Rise In The No. of Bowling Centers Boosting The Market Growth to $235.54 mn By 2028
A rise in the number of bowling centers is driving market growth, with a trend towards technological advancements in bowling equipment. According to Technavio, the global bowling equipment market size is estimated to grow by USD 235.54 million from 2024-2028. The market is estimated to grow at a CAGR of 4.62% during the forecast period. However, the high cost of maintenance and upkeep in bowling centers poses a challenge. Key market players include BowlGenesis, Brunswick Bowling Products LLC, Dexter Shoe Co., EPCO Manufacturing, FUNK North America, MOTIV Bowling, Moxy Bowling Products, Pyramid Bowling Inc., QubicaAMF Europe Spa, Storm Products Inc., Strikeforce Bowling LLC, Turbo, and US Bowling Corp.
Key Market Trends Fueling Growth
The global bowling equipment market has experienced significant growth due to technological innovations. Advanced lane surfaces and synthetic materials offer superior durability and playability. Scoring systems have been enhanced with touch-screen interfaces, video animation, and social media integration. Automated pinsetter and ball return systems improve operational efficiency and maintenance processes. Lighting and audiovisual technologies create captivating environments, increasing the demand for bowling equipment. Cloud-based management systems, IoT sensors, and predictive maintenance algorithms optimize equipment performance and usage patterns.
The bowling equipment market is experiencing significant growth, with a focus on advanced technology and innovative products. Producers are introducing cutting-edge balls, such as reactive and urethane covers, to improve performance and accuracy. Ball sizes and weights are also being considered for various player abilities. The use of sensors and apps to track scores and analyze performance is becoming increasingly popular. Additionally, customizable shoes and protective gear are trending to cater to individual preferences. Overall, the market is driven by the desire for better bowling experiences and the integration of technology to enhance performance.
Market Challenges
- The global bowling equipment market faces challenges due to high maintenance and operational costs. Bowling centers bear substantial expenses for lane and equipment upkeep, which can strain their financial resources. These costs may lead to increased fees for consumers, potentially deterring casual players and hindering market growth. Additionally, high operational costs may limit investments in new technology and facility improvements, impacting consumer experience negatively.
- The bowling equipment market faces several challenges. Consumers seek innovative products, such as cover stocks and ball surfaces. These improvements should provide better performance and accuracy. However, manufacturing costs are a concern. The cost of raw materials and labor can impact profitability. Additionally, regulations and certifications add complexity. Brands must ensure their products meet safety and performance standards.
- Furthermore, marketing and distribution channels require attention. Reaching consumers through effective channels and pricing strategies is essential. Lastly, keeping up with technological advancements is crucial. Balancing innovation and affordability is a significant challenge for market players.
Research Analysis
The bowling equipment market has experienced significant growth in recent years, fueled by urbanization and the adoption of Western leisure activities as part of a healthier and more balanced lifestyle. This global population trend has led to increased demand for advanced technologies that enhance the gaming experience, such as custom bowling balls with various cover stocks and weight blocks, scoring consoles, and pin spotters.
Market Research Overview
The Bowling Equipment Market encompasses a wide range of products used in the sport of bowling. These include balls, shoes, protective gear such as gloves and headgear, bowling bags, and other accessories like ball racks and bowling pins. Bowling balls come in various materials like plastic, urethane, and reactive resin, each offering distinct advantages in terms of performance and durability.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
SOURCE Technavio
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