Basketball Industry Analysis

Industry Analysis The basketball industry has no lack of consumers, organizations such(prenominal)(prenominal) as the NBA, the WNBA, college basketball, high school basketball, and countless other basketball organizations located overseas function and train year round. This existence said there ar millions of potential customers for the Shot Blocker. The sports logical argument industry is cost an estimated 213 jillion dollars. The National Basketball draw alone is worth a whopping 3 billion dollars. More specifically, the industry which provides equipment used in competition is worth a staggering 10.14 billion dollars. The basketball and sports equipment industry is, as shown by its revenue, a thriving and maturation industry. New competitors such as Hot Glove and Arcangel & Lifetime have divide into the industry with simple variations on existing crossroads and established themselves in a very minimal amount of time. There are many opportunities that exist in the sports equiptment industry. The idea of a elasticity or ball blocker is a relatively new(a) and unexplored idea. The only existing shot blocking ingathering is a big inflatable doll which is impractical and expensive. This crop would be easily eclipsed by our product in the trade place.

The main threat that exists in this industry is the risk of a competitor taking our new idea. Factors such as the growing interest in basketball overseas will embellish the basketball accessories industry. Basketball in general has spread from its first urban roots into every walk of life and shows no signs of slowing down. The overall outlook for this industry is continued victory and expansion. As was previously stated our main competitor in this industry is Play Airs Inflatable Ben Wallace Defender. This product not only has many flaws but it also has the hindquarters market of only youth players, whereas our Shot Blocker targets a wide array of consumers. It is also a much much practical product, it is sturdier, bigger, moving, and solves... If you want to get a full essay, drift it on our website: Orderessay

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