Lacrosse is referred to as a team sport played with a lacrosse stick and a lacrosse ball. Lacrosse Heads is rising due to the increasing popularity of lacrosse sport play. While the availability of counterfeit products is hampering the market.This growth is primarily driven by Increase in the Popularity of Lacrosse in most of the American and European Countries and Rising Popularity of National and International Sports.
Globally, a noticeable market trend is evident High Adoption Due to Online Shopping. Major Vendors, such as Nike (United States), Ture (United States), Maverik (United States), STX (United States), StringKing (United States), Epoch (United States), Brine (United States), Warrior (United States), East Coast Dyes (United States) and Under Armour (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Feb 2020, Nike Inc. announced that they are transitioning their business in Brazil, Argentina, Chile, and Uruguay to gain more profit, enhance the capital efficient and value-accretive business model. This is the company’s strategic initiative for long term growth opportunities. Through this initiative, the company will become more competitive in the market.
- Increase in the Popularity of Lacrosse in most of the American and European Countries
- Rising Popularity of National and International Sports
- High Adoption Due to Online Shopping
- Fluctuation in the Raw Material Price
Growing Sports Activities in Developed as well as Developing Regions
Availability of Counterfeit Products
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