Colombia Racket Sports Equipment Market Overview, 2028

Colombia Racket Sports Equipment Market Overview, 2028

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

Table tennis, racquetball, squash, badminton, and lawn tennis are all racket sports played in Colombia. Racket sports involve the use of a hollow rubber ball, tennis ball, or shuttlecock as the object of the game. Racket sports might be performed both inside and outside. Playing racket sports has numerous physical health benefits, including growing stronger muscles and bones, increasing metabolism, enhancing coordination, burning more calories, managing stress, and lowering various health risks. All of these benefits have heightened consumer interest in racket sports. According to the research report "Colombia Racket sports equipment Market Overview, 2028," published by Bonafide Research, the market is expected to add USD 16.66 Million by 2028. The Colombian racket sports equipment market is growing as a result of factors such as the rising popularity of table tennis and increased participation in the sport, coupled with fitness, and exercise regimes. It is also influenced due to increased academic sports education and training, and government initiatives in emerging economies. Colombia's racket sports equipment industry is expected to grow and expand in the coming years. Manufacturers are putting more emphasis on innovation and the release of new branded racket sports equipment. This is a significant factor driving the racket sports equipment market. Furthermore, most retailers operate by identifying and meeting client expectations. Because of the growing popularity of racket sports and the resulting growth in product demand, retailers now provide a variety of specially tailored packages and deals to fulfill their customers' needs. The Chaza, or pelota national (national ball), is a South American racquet sport (similar to tennis) that is a national sport of Colombia. It is played on a rectangular surface limited by lines. This space is demarcated by a line painted on the floor that divides the playing field. It is contested between two teams of four players apiece. The goal of the game is to fire a ball (called a "bombo") by hand or racquet into the opponent's field without being returned. The Colombia Open (now known as the Claro Open Colombia) was a professional men's tennis tournament held on outdoor hard courts in Bogotá, Colombia. The event is a 250-series tournament on the ATP World Tour and is connected with the Association of Tennis Professionals (ATP). Beginning in 2013, the tournament replaced the Los Angeles Open on the ATP World Tour. Through the Ministry of Culture, the Colombian government funds various individuals and teams on a national and international level, allowing athletes to compete for Colombia. The first organizer of the ITF professional beach tennis tournament was Colombia. Colombia's national badminton team competes in international badminton team competitions. The Colombian badminton governing body, Bádminton Colombia, is in charge of the national squad, which is based in Medellin, the country's capital city. Colombia's men's and women's teams made their Pan American Badminton Championships debuts in 2010. The Copa Colsanitas is a women's professional tennis tournament hosted at the Centro de Alto Rendimiento in Bogotá, Colombia. Racket sports equipment is in high demand, so it is mostly distributed via supermarkets, hypermarkets, and specialized shops. Customers can visit these locations and select from a wide range of things to purchase as the world comes closer to online shopping and because it is more convenient than shopping in physical stores. As a result, internet racket sports equipment distribution will expand. Racket Center Medelln, Tennis Club Colombia, Sports Global Brands S.A.S., Decathlon La Felicidad, and others are among the retailers. These are various supermarkets, hypermarkets, and specialty shops where racket sports equipment is distributed. Amazon and many other companies are prominent online racket sports equipment market distribution channels in Colombia. E-commerce or online store is a huge platform growing at a tremendous rate in Colombia, Consumers of every age, including generation X, millennials, or generation Z prefer to shop from e-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 Colombia. Most sporting events have to be suspended due to the COVID-19 pandemic, which has spread over the globe. These preventative measures, which resulted in the closure of the bulk of non-essential businesses, included social withdrawal, public meeting bans, and stay-at-home instructions for several nations throughout the world. As a result, the bulk of 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. Considered in this report • Geography: Colombia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Colombia 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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