Canada Racket Sports Equipment Market Overview, 2028

Canada Racket Sports Equipment Market Overview, 2028

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

Tennis is a consistently popular Canadian sport, thanks to the governing body of the game, which aims to maintain interest at a local, national and international level, in 1998 there were over 1.2 million Canadians who played tennis at least 4 times a year. Canada’s racket sports equipment market is expanding due to factors such as the rising popularity of table tennis and the rise in participation in the sport, as well as the increased awareness of fitness, sports, and exercise among people due to the increase in academic sports education and training, as well as the rise in government initiatives in emerging economies. Canadians also value numerous national sporting events, as they support togetherness and offer great entertainment for the masses! The wide array of sporting competitions in Canada provides Canadians with the best opportunities to highlight their skills and prevail in global tournaments. Tennis is also among the most played summer sports in Canada. Although it’s mostly played casually, Canada has some top-tier international tennis stars. There are around 6 million tennis players in Canada, including both professionals and casual players. Governing body of the sport is Tennis Canada and the organization maintains its commitment to developing tennis in Canada by stimulating participation in this game at local, national, and international levels. There are nearly 750 accessible covered courts in Canada to play the sport. Most famous Canadian players of the sport: Bianca Andreescu, Eugenie Bouchard, Denis Shapovalov According to the research report, “Canada Racket Sports Equipment Market Overview, 2028” published by Bonafide Research, the market is projected to add USD 23.37 million by 2028. The country’s rising youth population and increasing craze for racket sports are the factors that are contributing to the Canada Racket Sports Equipment market and it has anticipated significant growth in upcoming years. These factors are piquing consumers' interest and fueling the nation's rising demand for Racket Sports Equipment products, which is anticipated to benefit the market's potential expansion. In 2021, the Canadian population was 38.07 million, with 18.90 million men and 19.17 million women. More than 81.65% of the US population leaves in urban areas, while 18.35% leaves in rural areas. The country has a GDP of USD 2 trillion and a per capita income of USD 62200, and the majority of the Canadian population leaves between the ages of 18 and 44. The increasing youth population and rising popularity of racket sports among young people are major factors driving the growth of the Racket Sports Equipment Market in Canada Tennis Canada is a prestigious tournament organized by the National Bank Open, presented by Rogers. On Canadian courts, the top players in the world have displayed their prowess since 1881 for men and 1892 for women. Two major tennis tournaments will be held in Canada in 2023, one for men's play in Toronto and the other for women's in Montreal. This could be the main driver of market growth for racket sports equipment in Canada, as these tournaments will promote tennis among Canadians and make awareness about racket sports equipment, which will lead to growth in the market. The Markin MacPhail Centre in Calgary, Canada, will host the 2023 Canada Open, an open international badminton competition, from July 4 through July 9, 2023. In 2023, the Badminton World Federation will host a badminton tournament in Canada; this could be one of the driving forces behind the expansion of the racket sports equipment market in Canada, as it will serve to promote badminton in the country and raise public awareness of the sport among Canadians. Opposite to China, the badminton players don`t get as much support from the government, which results in much fewer players since there is not a lot of money in this sport in Canada. The 2022 YONEX CANADIAN INTERNATIONAL CHALLENGE was held in 2022 in Canada. Supermarkets, hypermarkets, and specialty shops are the main sales distributors of racket sports equipment as these items are the most in-demand from the sports players in the country. Customers can visit these establishments and choose from a variety of goods they wish to buy as the world moves closer to online shopping and because it is more convenient than shopping in physical stores. As a result, online racket sports equipment distribution will grow because of this. ATR sports, Racquet Science, Racquet guys, and Racquet Central are some Supermarkets, Hypermarkets, and specialty shops where the Racket Sports Equipment market is distributed, Amazon, and Walmart are some online distribution channels of Racket Sports Equipment markets in Canada. Considered in this report • Geography: Canada • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Canada 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 Distribution Channel • Supermarket/ Hypermarket • Speciality stores • Online Stores 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, annual reports of companies, and analyzing 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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