NEW YORK, Sept. 26, 2022 /PRNewswire/ — The racket sports equipment market size is expected to grow by USD 469.78 million from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 2.78% during the forecast period, according to Technavio. The increase in the number of racket sports courts worldwide is driving the racket sports equipment market growth. However, factors such as the increase in the number of tournaments may challenge the market growth.
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Racket Sports Equipment Market 2022-2026: Scope
The racket sports equipment market report covers the following areas:
Racket Sports Equipment Market 2022-2026: Drivers and Challenges
The increase in the number of racket sports courts worldwide is driving the growth of the market. With the support of WSF to enhance the reach and popularity of the sport, the number of squash courts has increased. For example, CourtTech builds squash courts that are tested and certified by WSF.
The increase in the number of tournaments is challenging the market growth. Revenue can be generated by putting a price premium on games through Android App store or Apple Store or by providing these games for free. These factors can negatively affect the participation rates of individuals in outdoor sports such as racket sports.
Racket Sports Equipment Market 2022-2026: Segmentation
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Distribution Channel
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Product
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Geography
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Racket Sports Equipment Market 2022-2026: Revenue-generating Distribution Channel Segment
The offline segment will be the biggest contributor to market growth during the forecast period. The segment includes department stores, mono-brand stores, supermarkets, hypermarkets, and specialty stores. The distribution of racket sports equipment through mono-brand stores is rising, as they attract a large number of customers.
Racket Sports Equipment Market 2022-2026: Regional Analysis
APAC will account for 53% of the market’s growth during the forecast period. This growth is attributed to factors such as the rising interest in racket sports among consumers, along with an increase in the number of facilities in schools and colleges. Moreover, the market in the region is expected to grow at a faster rate than in other regions. China, Japan, and India are the key countries for the racket sports equipment market in APAC.
Racket Sports Equipment Market 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the racket sports equipment market, including ANTA Sports Products Ltd., ASICS Corp., Authentic Brands Group LLC, Babolat VS SAS, Embracer Group AB, Dunlop International Europe Ltd, Felet International Holdings Sdn. Goode Sport, Bhd., GAMMA Sports, Harrow Sports, HEAD Sport GmbH, Karakal Worldwide Ltd, Maus Freres SA, Li Ning Co. Ltd., Pacific Entermark GmbH, PowerAngle LLC, Solinco Sports, Prokennex, Volkl Tennis, VICTOR RACKETS Ind. Corp., and Yonex Co. Ltd. are some of the major market participants.
Racket Sports Equipment Market 2022-2026: Key Highlights
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CAGR of the market during 2022-2026
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Detailed information on factors that will help the racket sports equipment market growth during the next five years
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Approximation of the racket sports equipment market size and its contribution to the parent market
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Forecasts on upcoming trends and changes in consumer behavior
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The growth of the racket sports equipment market
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Analysis of the market’s competitive landscape and detailed information on vendors
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Comprehensive details of factors that will challenge the growth of racket sports equipment market vendors
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Racket Sports Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.78% |
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Market growth 2022-2026 |
USD 469.78 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.3 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 53% |
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Key consumer countries |
US, China, Japan, India, Germany, and Italy |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
ANTA Sports Products Ltd., ASICS Corp., Authentic Brands Group LLC, Babolat VS SAS, Dunlop International Europe Ltd, Embracer Group AB, Felet International Holdings Sdn. Bhd., GAMMA Sports, Goode Sport, Harrow Sports, HEAD Sport GmbH, Karakal Worldwide Ltd, Li Ning Co. Ltd., Maus Freres SA, Pacific Entermark GmbH, PowerAngle LLC, Prokennex, Solinco Sports, Volkl Tennis, VICTOR RACKETS Ind. Corp., and Yonex Co. Ltd. |
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Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table Of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
