Press release
Racket Sports Equipment Market Segmentation Analysis, Share, Trends, Size, Key Players, and Forecast 2032
According to Report Ocean , the global market is witnessing a significant rise in revenue from US$ million in 2023 to US$ million by 2032. The market will grow at a significant compound annual growth rate (CAGR) of % during the forecast period from 2023 to 2032.
Introduction
In 2021, the global racket sports equipment market demonstrated its prowess with a valuation of US$ 176.8 million. The journey ahead is marked by a projection to reach US$ 258.2 million by 2030, showcasing a steady Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period from 2022 to 2030.
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Racquets: Instruments of Precision
Serving the Passion for Sports
A racquet or racket is a crucial sports equipment used in games like tennis, squash, badminton, racquetball, and paddle. With a handled structure and a web of strings tightly stretched, these racquets embody precision and power.
Factors Influencing Market Growth
From Popularity Surges to Innovations
Popularity Surge in Tennis: The rising popularity of tennis, especially among women, fuels increased participation, propelling market expansion.
E-Sports Challenge: The ascent of e-sports poses a challenge to the traditional racket sports equipment market, hindering its growth.
Innovation and New Brands: Manufacturers' focus on innovation and the launch of new racket sports equipment brands contribute to market expansion.
Fitness and Sports Awareness: Increasing awareness about fitness and sports, coupled with government initiatives, drives the overall market expansion.
Effect of the COVID-19 Pandemic
Halting Play, Awaiting the Rally
The COVID-19 pandemic cast a shadow on the market expansion, leading to the suspension of athletic competitions and the closure of non-essential businesses, including sports equipment production companies and fitness centers.
Regional Insights
North America Leads the Rally
North America: Anticipated to maintain the highest share, North America benefits from a large population engaged in racquet sports and advanced product manufacturing.
Asia Pacific: Expected to witness rapid growth due to the availability of raw materials, affordable labor, and increasing engagement in sports like badminton.
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Leading Competitors
Striking a Balance of Power and Precision
Counter-Strike Table tennis
Nike
Authentic Brands Group
PowerAngle
Solinco Sports
PACIFIC Holding GmbH
Donnay
Maus Feres
Sumitomo Rubber Industries
BABOLAT VS S.A
Volkl Ski International
Others (Note: List not exhaustive; request a free sample for a complete list.)
Segmentation Analysis
Deconstructing the Game
Product Type:
Rackets
Tennis
Racquetball
Squash
Badminton
Paddle tennis
Balls
Eyewear
Racket Bags
Accessories
End User:
Men
Women
Kids
Application:
Squash
Tennis
Badminton
Racquetball
Distribution Channel:
E-Commerce
Hypermarket
Specialty Stores
Others
Region:
North America
Europe
Asia Pacific
Middle East & Africa (MEA)
South America
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Table of Contents:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
Key Reasons to Purchase this Report:
Strategic Direction
Comprehensive Analysis
Growth Opportunities
Competitive Landscape
Detailed Company Profiles
Future Market Outlook
Industry Analysis
Value Chain Insights
About Report Ocean
Report Ocean is a renowned market research reports provider, known for its informative research reports. They offer both quantitative and qualitative research results, leveraging the latest technology and analysis tools. Their global network and industry coverage provide in-depth knowledge for informed and strategic business decisions.
Contact Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel: +1 888 212 3539 (US - TOLL FREE)
Website: https://reportocean.us
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