Insights

In 2019, the overall North American sports market revenue was approximately US$73 billion, making it one of the largest sports markets in the world. It is expected to grow to US$83.1 billion by 2023. The sports market is growing rapidly, but over the past few decades, it has become a mature industry.

The top five sports most loved by Australians include walking, gymnasium (containing aerobic dance), jogging and running, swimming and diving, and cycling. All have changed as a result of the pandemic.

Affected by the COVID-19 epidemic, the total sales of the sports goods market from February to June 2020 was 837.8 billion won, a 40% decrease compared to the same period in 2019, and the number of private sports industry companies also decreased by 28.6%, 2020. South Korea’s overall sports market was a year of decline.

Since 2019, Japan has hosted international sports events such as the World Rugby Games and the Tokyo Olympics, which indirectly sparked an upsurge in sports and fitness for all age groups. According to a survey report on the Japanese sports market, the size of the sports market in 2019 was ¥2250.4 billion.

China's sports market continues to grow. The total market size in 2019 reached RMB 2.95 trillion, and had an annual growth rate of 10.9%. Among them, the sports service market reached 1,493-billion-yuan, accounting for 50.6%, and the sports goods market reached 1,361.4-billion-yuan, accounting for 46.2%. The China sports market will continue to expand at an accelerated pace in the next few years. By 2025, the scale of China's sports market will exceed 5 trillion yuan, and through 5G, Internet of Things, big data, and artificial intelligence technologies, boring exercises will be transformed into leisure activities.

The Asian region has always been the core area for global motorcycle and scooter sales, with India, China, and Indonesia being the top three markets. The Asian market has potential. The global demand for motorcycles and scooters is increasing.

All electronic products must use the Printed Circuit Board (PCB) to fix the integrated circuit (IC) and other electronic components, and all the integrated circuits and electronic components with different functions are connected with thin copper wires to provide a stable working environment so that electronic signals can circulate between different electronic components.

The wireless power industry is expected to grow exponentially. Wireless power has a major impact on almost all fields because it enables the Internet of Things to achieve and develop faster.

From the perspective of capacity, flash memory has a smaller capacity than hard disk types, but the flash memory has a faster reading speed than hard disk memory. Flash memory also has much stronger resistance to damage from vibrations. If you are only listening to songs, it is recommended to buy a flash memory type, which does not require too much capacity. But if you want to record and watch a movie, it is recommended to use a hard disk, to assure you have enough memory to save the entire movie.

One of the tools a mechanic must use is a caliper. Although not as accurate as a micrometer, the caliper is a convenient and practical tool that can help mechanics quickly measure parts and use the measurement results to evaluate subsequent processing.