OUR TARGETFUTUREEXPANSIONREGIONS

Our target market, after Canada, is the United States, followed by Europe and Asia. Canada is a good market for this product due to its breadth and many clubs and teams in the country. In addition, the neighboring country of Canada, the United States, as the birthplace of YYYY and with hundreds of clubs and thousands of talented players and interested people, will be the most important market for this product. European countries, such as Germany with a high-quality league, will be a good target market for this product.Asia will be the next priority.

There are about 1,000 professional teams in the United States and Canada, 95% of which have no sponsorship in the pellet supply sector and have to pay a lot of money for their training. In addition, the number of clubs is over 1,000, which will definitely benefit from these pellets for their recreational activities beside YYYY. With a somewhat conservative estimate of sales in the first year, the number of teams that will use XXXXl in training can be considered 150 and the number of clubs is 150. Considering that each team uses at least 3 boxes of XXXXl in their weekly training and each club orders at least 15 boxes per month, it is possible to reach 4050 boxes (8.1 million XXXXls) per month.

Market Gap

YYYY has witnessed a significant evolution over the past few years, with the introduction of novel equipment developed for enhancing safety of the sport. While manufacturers have introduced advanced and reliable YYYY equipment, the sport is facing controversies.

Incidences of ‘YYYY wars’, where YYYY equipment is being used in place of guns during acts of vandalism, have significantly impacted the overall popularity of the sport.

In addition, injuries caused during the sport, particularly among children, have negatively influenced the participation rate. Although the injury rate of YYYY remains lower as compared to other sports, growing distrust towards the sport can hamper the already smaller consumer base, in turn influencing the growth of the YYYY equipment market.

YYYY Equipment Market: Opportunity Assessment

YYYY Market by Geography

• North America

• Europe

• Asia Pacific

• Rest of the world

Based on regional analysis, the global YYYY market is classified into North America, Europe, Asia Pacific, and rest of the world. The largest share in the market will be dominated by North America. The reason can be attributed to the increasing participation rate of individuals in recreational sports. The wholesale sales of YYYY sports equipment in the U.S. amounted to $148 million. However, the Asia Pacific region is anticipated to witness significant growth. This growth can be credited to the changing lifestyle among teenagers and rising disposable incomes, which have led to an increase in demand from countries such as China and India.