Market Forecast By Products (Plastic Made, Wooden Made, Other Materials Made), By Applications (Used as Sports Gears, Used as Toys, Used as Decorations, Others) And Competitive Landscape
Product Code: ETC434025 | Publication Date: Dec 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Nigeria Boomerangs Market is projected to grow rapidly over the forecast period due to the many factors that have been effortlessly contributing to the evolvement of this industry in the country. The popularity for boomerangs has been rising in the country which is giving rise to this industry.
According to 6Wresearch, Nigeria Boomerangs Market size is projected to evolve during 2022-2028. Boomerangs are often used as weapon; toy and they are also used for decoration. Boomerangs originated in Australia. Boomerang basically means throwing stick. They are made from wood, but they also come in plastic and other materials these days. There are different purposes of using boomerangs which include self-defense, recreation and sports. They come in a variety of shapes and sizes. This industry in the country is growing at the faster pace. The rising population, growth in disposable incomes, and the key players in the market are some factors giving this industry boost. There is a growing demand for boomerangs in the nation which is driving the success of this industry. The market players have been doing their best to offer quality boomerangs that can better meet the requirements of their consumers, which in turn is giving this sector tremendous growth. However, lack of awareness, and high cost of boomerangs are some constraints for the sector constraining its growth.
The pandemic affected the evolvement of this market in the negative way since there was huge reduction in demand for these boomerangs as people stopped buying them owing to the restrictions due to the lockdown imposed by the government of the nation. The manufacturing and supply chain sectors massively affected by the pandemic, this in turn, disrupted the development of many sectors and Boomerangs Market in Nigeria was one of those sectors that negatively affected by the pandemic. The Nigeria Boomerangs Market share is now gradually growing which shows the market is progressing smoothly.
On the basis of products, the Nigeria Boomerangs Industry is divided into Plastic Made, Wooden Made, and Other Materials Made. In the industry, the plastic segment is getting more popular since people these days prefer plastic made boomerangs owing to their lightweight. This segment will account for the largest share in the near future.
On the basis of application, the market is divided into Used As Sports Gears, Used As Toys, Used As Decorations, and Others. Among these, the used as sports gears segment is accounting for the highest share. This segment will continue evolving in the market.
The report offers a comprehensive study of the subsequent market segments: