Argentina Racket Sports Equipment Market Overview, 2028

Argentina Racket Sports Equipment Market Overview, 2028

Actual Market Research 31-12-2022 68 Pages Figures : 6 Tables : 21 Region : South America Country : Colombia Category : Consumer Goods & Services Leisure

Racket sports include table tennis, genuine racquetball, squash, badminton, and lawn tennis. Racket sports are those in which the object of the game is a hollow rubber ball, tennis ball, or shuttlecock. Sports with rackets could be played both inside and outside. There are many physical health advantages of playing racket sports, which include building stronger muscles and bones, increased metabolism, improving coordination, burning calories easily, managing stress, and lowering many health risks. All these advantages have increased consumer interest in racket sports. After Guillermo Vilas and subsequently, Gabriela Sabatini in the 1980s achieved the No. 2 position and won multiple Grand Slams, tennis became a highly popular sport, among people of all age groups today it is the second most loved sport in Argentina, after football. According to the research report "Argentina Racket sports equipment Market Overview, 2028," published by Bonafide Research, the market is expected to add USD 10.41 Million by 2028. Growth in the Racket sports equipment Industry is greatly influenced by dynamic consumer behavior, supplier-side practices, and the regulatory framework. Argentina’s Racket sports equipment industry, after a phase of declining sales trend, is expected to grow and expand in coming years on account of increased demand by consumers as a result of economic recovery. Manufacturers are focusing more on innovations and the introduction of new branded racket sports equipment goods. This is a key factor propelling the market for racket sports equipment. Additionally, finding and satisfying customer demands is how most merchants operate. Due to the rising popularity of racket sports and the consequent increase in product demand, retailers now offer a variety of specially designed packages and deals to meet the needs of their customers. Padel tennis is the most popular sport in Argentina, with four and a half million players competing on thirty thousand courts. Professional players compete in tournaments on the National Circuit. Argentina's players usually display power and talent in the men's game. Seven players from the country are rated higher than 80th in the world, with Horacio Zeballos, Carlos Berlocq, Juan Monaco, and the promising Federico Delbonis among the most famous. Even David Nalbandian, who has suddenly slipped to around 200th in the world rankings, has been a fantastic player throughout the years, reaching the semi-finals or better in every Grand Slam competition. Argentina Squash Rackets Association (Asociación Argentina de Squash Rackets) is the governing organization of Argentina's squash federations and clubs. Sporting Equipment for Rackets has led to a global health and fitness craze; market titans have been increasing their geographical footprint by improving their distribution channels in regional markets. The most preferred growth strategy is expansion, followed by new product creation. Manufacturers have been improving their goods and pushing toward sustainable production by employing recycled materials to make rackets and other racket sports equipment. Because of their acclaimed reputations in their native regions, global players have an advantage of an opportunity to conquer regional markets. E-commerce or online store is a huge platform growing at a tremendous rate in Argentina as consumers of every age, including generation X, millennials, or generation Z prefer to shop from e-stores. Supermarkets and hypermarkets held the largest share. Over the past few years, supermarkets and hypermarkets have witnessed significant growth in the Racket sports equipment categories. Furthermore, increasing supermarket penetration in developing countries will boost product sales through this distribution channel. Convenience stores hold a notable share of the market, especially in developing countries. Several countries have specialized retail stores for the product, for instance, shops on the street and public markets, and specialty stores. Online distribution is anticipated to expand at the fastest CAGR. Covid-19 Impact: Racket sports equipment has also been negatively impacted by the COVID-19 pandemic in Argentina. Most sporting events had to be suspended due to the COVID-19 pandemic, which fast spread over the globe. These preventative measures resulted in the closure of the bulk of non-essential businesses, including social withdrawal, public meeting bans, and stay-at-home instructions for several nations throughout the world. As a result, the racket sports equipment manufacturing businesses and neighborhood fitness centers were shut down, preventing the market for racket sports equipment from expanding. As the pandemic fades, the racket sports equipment market will typically grow gradually. The market for sports equipment is quickly approaching the pre-COVID stages, due to the economic recovery in most emerging economies, and a stable growth rate is anticipated over the forecast period. The resumption of sports activities and corresponding international sports travel is the key factor behind the recovery of this market. These factors have boosted the growth of the racket sports equipment market after the COVID-19 pandemic. Considered in this report • Geography: Argentina • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Argentina Racket sports equipment market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Rackets • Balls • Bags • Eyewear • Accessories (Cap, Wrist bands, Headband, Racquet grip, Racquet Strings, Racquet Covers, Gloves Etc.) By Sports type • Tennis (Lawn Tennis) • Table Tennis • Badminton • Squash • Others (Paddle, Racquetball, etc.) By Distribution Channel • Supermarkets & Hypermarkets • Specialty stores • Online stores • Other distribution channels By Age Group • Men • Women • Kids The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Racket sports equipment industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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