Badminton, tennis, squash, table tennis, and lawn tennis are all examples of racket sports. A racket sport is one in which a hollow rubber ball, tennis ball, or shuttlecock is used. Racket sports can be played both indoors and outdoors. Racket sports have a variety of health benefits for the body. These include bone and muscle strengthening; improved balance, coordination, and flexibility; calorie burning; stress reduction; and the lowering of other health risks. Because of these advantages, consumers are becoming more interested in racket sports. Over time, this has increased the demand for racket sports equipment. Racket sports equipment is lightweight, breathable, washable, and environmentally friendly. They are also available in a variety of sizes, lengths, and weights. The process of designing and manufacturing racket sports equipment has evolved significantly over time. The increase in the number of racket sports courts worldwide is driving the racket sports equipment market's growth.
According to the research report, "Global Racket Sports Equipments Market Research Report, 2023–28," published by Actual Market Research, the overall market is projected to reach a size of USD 4880 million, increasing from USD 3670 million in 2022 and registering a CAGR of around 5%. Racket sports can also aid in the maintenance of healthy body weight and the reduction of resting blood pressure. Racket sports do have some muscle-strengthening benefits, both for the upper body and arms and legs. They can also improve coordination, balance, and general mobility. There are more than 30 racket sports played worldwide. However, the most commonly played racket sports include tennis, badminton, squash, ping pong (table tennis), and racquetball. Badminton is the market leader, accounting for more than 40% of the market in 2022. Due to the easy availability of raw materials and low labor costs, the segment is anticipated to witness higher growth during the forecast period. Also, racket sports, mainly badminton, are gaining much more attention and popularity, mainly due to the rise of the region’s star players competing and winning. Countries such as India and China are expected to drive regional market growth.
The market-share growth in the offline segment will be significant during the forecast period. The segment comprises specialty stores, hypermarkets, supermarkets, and online channels. On the other hand, mono-brand stores are retail stores owned by product manufacturing companies. These are standalone retail outlets that provide a wide range of products manufactured under the same brand, including specialty stores. The distribution of racket sports equipment through this segment is increasing, as the rich look and feel of these stores tend to attract a huge number of customers. These factors will drive market growth in the forecasted period. Further, the Asia-Pacific region is anticipated to witness the fastest-growing market for racket sports equipment during the forecast timeframe. Countries in the Asia-Pacific region like China, Japan, and Korea have already been actively involved in the sport. Thus, the overall growing popularity of the sport is likely to propel the market for racket sports equipment in the near future.
Based on the product type, the market is anticipated to be dominated by rackets in the analytical year due to the increasing global popularity of badminton, squash, and lawn tennis. As for the end users, men dominate the market with more than 40% of the market share, followed by women. According to players in the racket sports equipment industry, the major obstacle attributed to the pandemic was the disruption of the supply chain. Furthermore, all the distribution channels were nearly shut down in the first quarter of the pandemic. However, online channels such as Amazon and Flipkart were delivering the products. The key players included in the market analysis are Babolat VS S.A., Yonex Co., Ltd., Head Sports, Volkl Ski International GmbH, Sumitomo Rubber Industries, Amer Sports Corporation, Pacific Holding GmbH, Solinco Sports, Donnay, PowerAngle LLC, Karakal, Maus Feres, Authentic Brands Group, FILA Inc., Nike Inc., and Counter-Strike Table Tennis.
Covid-19 Impacts:
The COVID-19 pandemic forced the suspension of a majority of athletic competitions. The precautionary measures imposed by governments led to the closure of many non-essential companies, social withdrawal, bans on public meetings, and stay-at-home directives for numerous countries around the globe. A majority of sports equipment manufacturing companies and community fitness centers were closed, leading to reduced demand for sports equipment worldwide. However, the market is gaining back to its normal phase as the pandemic is slowly receding.
Major Companies present in the market:
Amer Sports Oyj, Babolat, Head NV, Yonex Co., Ltd, Völkl Int. GmbH, Fila Holdings Corporation, Nike Inc, Puma, karakal, Sumitomo Rubber Industries, Pacific Holding Gmbh, Li-Ning Studio LLP, Tibhar, Gamma Sports, Harrow Sports. Victor Rackets Ind. Corporation
Considered in this report
• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028
Aspects covered in this report
• Global racket sports equipment market with its value and forecast along with its segments
• Region-wise racket sports equipment market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Regions covered in the report:
• North America
• Europe
• Asia-Pacific
• South America
• Middle-East & Africa
By Product Type:
• 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
• Padel
• Others (Racquetball)
By Distribution Channel:
• Hypermarkets/Supermarkets
• Specialty Stores
• Online Stores
• Other Distribution Channels
By End-User:
• 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, 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.
6.3. Key Players Market Share Insights and Analysis, 2022
6.4. Key Players Market Positioning Matrix
6.5. Consolidated SWOT Analysis of Key Players
6.6. Porter's Five Forces
7. Global Racket Sports Equipment Market Outlook
7.1. Market Size By Value
7.2. Market Size and Forecast, By Geography
7.3. Market Size and Forecast, By Product Type
7.4. Market Size and Forecast, By Sport Type
7.5. Market Size and Forecast, By Distribution Channel
7.6. Market Size and Forecast, By End user
8. North America Racket Sports Equipment Market Outlook
8.1. Market Size By Value
8.2. Market Share By Country
8.3. Market Size and Forecast By Product Type
8.4. Market Size and Forecast By Sport Type
8.5. Market Size and Forecast By Distribution Channel
8.6. Market Size and Forecast By End user
9. Europe Racket Sports Equipment Market Outlook
9.1. Market Size By Value
9.2. Market Share By Country
9.3. Market Size and Forecast By Product Type
9.4. Market Size and Forecast By Sport Type
9.5. Market Size and Forecast By Distribution Channel
9.6. Market Size and Forecast By End user
10. Asia-Pacific Racket Sports Equipment Market Outlook
10.1. Market Size By Value
10.2. Market Share By Country
10.3. Market Size and Forecast By Product Type
10.4. Market Size and Forecast By Sport Type
10.5. Market Size and Forecast By Distribution Channel
10.6. Market Size and Forecast By End user
11. South America Racket Sports Equipment Market Outlook
11.1. Market Size By Value
11.2. Market Share By Country
11.3. Market Size and Forecast By Product Type
11.4. Market Size and Forecast By Sport Type
11.5. Market Size and Forecast By Distribution Channel
11.6. Market Size and Forecast By End user
12. Middle East & Africa Racket Sports Equipment Market Outlook
12.1. Market Size By Value
12.2. Market Share By Country
12.3. Market Size and Forecast By Product Type
12.4. Market Size and Forecast By Sport Type
12.5. Market Size and Forecast By Distribution Channel
12.6. Market Size and Forecast By End user
13. Company Profile
13.1. Amer Sports Oyj
13.1.1. Company Snapshot
13.1.2. Company Overview
13.1.3. Financial Highlights
13.1.4. Geographic Insights
13.1.5. Business Segment & Performance
13.1.6. Product Portfolio
13.1.7. Key Executives
13.1.8. Strategic Moves & Developments
13.2. Babolat
13.3. Head NV
13.4. Yonex Co, Ltd
13.5. Völkl Int. GmbH
13.6. Fila Holdings Corporation
13.7. Nike Inc
13.8. Puma
13.9. Karakal
13.10. Sumitomo Rubber Industries
14. Strategic Recommendations
15. Annexure
15.1. FAQ`s
15.2. Notes
15.3. Related Reports
16. Disclaimer
List of Figures
Figure 1: Global Racket Sports Equipment Market Size (USD Million) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Product Type 2028
Figure 4: Competitive Dashboard of top 5 players, 2022
Figure 5: Market Share insights of key players, 2022
Figure 6: Porter's Five Forces of Global Racket Sports Equipment Market
Figure 7: Global Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 8: Global Racket Sports Equipment Market Share By Region (2022)
Figure 9: North America Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 10: North America Racket Sports Equipment Market Share By Country (2022)
Figure 11: Europe Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 12: Europe Racket Sports Equipment Market Share By Country (2022)
Figure 13: Asia-Pacific Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 14: Asia-Pacific Racket Sports Equipment Market Share By Country (2022)
Figure 15: South America Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 16: South America Racket Sports Equipment Market Share By Country (2022)
Figure 17: Middle East & Africa Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 18: Middle East & Africa Racket Sports Equipment Market Share By Country (2022)
List of Table
Table 1: Global Racket Sports Equipment Market Snapshot, By Segmentation (2022 & 2028) (in USD Million)
Table 2: Influencing Factors for Global Racket Sports Equipment Market, 2022
Table 3: Top 10 Counties Economic Snapshot 2020
Table 4: Economic Snapshot of Other Prominent Countries 2020
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Racket Sports Equipment Market Size and Forecast, By Geography (2017 to 2028F) (In USD Million)
Table 7: Global Racket Sports Equipment Market Size and Forecast, By Product Type (2017 to 2028F) (In USD Million)
Table 8: Global Racket Sports Equipment Market Size and Forecast, By Sport Type (2017 to 2028F) (In USD Million)
Table 9: Global Racket Sports Equipment Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Million)
Table 10: Global Racket Sports Equipment Market Size and Forecast, By End user (2017 to 2028F) (In USD Million)
Table 11: North America Racket Sports Equipment Market Size and Forecast By Product Type (2017 to 2028F) (In USD Million)
Table 12: North America Racket Sports Equipment Market Size and Forecast By Sport Type (2017 to 2028F) (In USD Million)
Table 13: North America Racket Sports Equipment Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Million)
Table 14: North America Racket Sports Equipment Market Size and Forecast By End user (2017 to 2028F) (In USD Million)
Table 15: Europe Racket Sports Equipment Market Size and Forecast By Product Type (2017 to 2028F) (In USD Million)
Table 16: Europe Racket Sports Equipment Market Size and Forecast By Sport Type (2017 to 2028F) (In USD Million)
Table 17: Europe Racket Sports Equipment Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Million)
Table 18: Europe Racket Sports Equipment Market Size and Forecast By End user (2017 to 2028F) (In USD Million)
Table 19: Asia-Pacific Racket Sports Equipment Market Size and Forecast By Product Type (2017 to 2028F) (In USD Million)
Table 20: Asia-Pacific Racket Sports Equipment Market Size and Forecast By Sport Type (2017 to 2028F) (In USD Million)
Table 21: Asia-Pacific Racket Sports Equipment Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Million)
Table 22: Asia-Pacific Racket Sports Equipment Market Size and Forecast By End user (2017 to 2028F) (In USD Million)
Table 23: South America Racket Sports Equipment Market Size and Forecast By Product Type (2017 to 2028F) (In USD Million)
Table 24: South America Racket Sports Equipment Market Size and Forecast By Sport Type (2017 to 2028F) (In USD Million)
Table 25: South America Racket Sports Equipment Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Million)
Table 26: South America Racket Sports Equipment Market Size and Forecast By End user (2017 to 2028F) (In USD Million)
Table 27: Middle East & Africa Racket Sports Equipment Market Size and Forecast By Product Type (2017 to 2028F) (In USD Million)
Table 28: Middle East & Africa Racket Sports Equipment Market Size and Forecast By Sport Type (2017 to 2028F) (In USD Million)
Table 29: Middle East & Africa Racket Sports Equipment Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Million)
Table 30: Middle East & Africa Racket Sports Equipment Market Size and Forecast By End user (2017 to 2028F) (In USD Million)
Featured Companies
1. Nike, Inc
2. Sumitomo Rubber Industries
3. Amer Sports
4. Babolat
5. Head NV
6. Yonex Co, Ltd
7. Völkl Int. GmbH
8. Fila Holdings Corporation
9. Puma
10. karakal
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Frequently Asked Questions ?
The growth of the racket sports equipment market is majorly driven by increase in sports and fitness awareness and rise in government initiatives towards sports and fitness. Moreover, increase in health consciousness among consumers and rise in trend of racket sports equipment among young population are the significant factors that fuel the growth of the industry.
This racket sports and golf equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
The Global Racket Sports Equipment Market is expected to grow at a CAGR of 4.95% during forecast period 2023-2028.
Amer Sports, Babolat, Head N.V., Yonex Co., Ltd., Tecnifibre are the major companies operating in Racket Sports Equipment Market.
Asia Pacific is growing at the highest CAGR over 2023-2028.
Featured Companies
1. Nike, Inc
2. Sumitomo Rubber Industries
3. Amer Sports
4. Babolat
5. Head NV
More...
Badminton, tennis, squash, table tennis, and lawn tennis are all examples of racket sports. A racket sport is one in which a hollow rubber ball, tennis ball, or shuttlecock is used. Racket sports can be played both indoors and outdoors. Racket sports have a variety of health benefits for the body. These include bone and muscle strengthening; improved balance, coordination, and flexibility; calorie burning; stress reduction; and the lowering of other health risks. Because of these advantages, consumers are becoming more interested in racket sports. Over time, this has increased the demand for racket sports equipment. Racket sports equipment is lightweight, breathable, washable, and environmentally friendly. They are also available in a variety of sizes, lengths, and weights. The process of designing and manufacturing racket sports equipment has evolved significantly over time. The increase in the number of racket sports courts worldwide is driving the racket sports equipment market's growth. According to the research report, "Global Racket Sports Equipments Market Research Report, 2023–28," published by Actual Market Research, the overall market is projected to reach a size of USD 4880 million, increasing from USD 3670 million in 2022 and registering a CAGR of around 5%. Racket sports can also aid in the maintenance of healthy body weight and the reduction of resting blood pressure. Racket sports do have some muscle-strengthening benefits, both for the upper body and arms and legs. They can also improve coordination, balance, and general mobility. There are more than 30 racket sports played worldwide. However, the most commonly played racket sports include tennis, badminton, squash, ping pong (table tennis), and racquetball. Badminton is the market leader, accounting for more than 40% of the market in 2022. Due to the easy availability of raw materials and low labor costs, the segment is anticipated to witness higher growth during the forecast period. Also, racket sports, mainly badminton, are gaining much more attention and popularity, mainly due to the rise of the region’s star players competing and winning. Countries such as India and China are expected to drive regional market growth. The market-share growth in the offline segment will be significant during the forecast period. The segment comprises specialty stores, hypermarkets, supermarkets, and online channels. On the other hand, mono-brand stores are retail stores owned by product manufacturing companies. These are standalone retail outlets that provide a wide range of products manufactured under the same brand, including specialty stores. The distribution of racket sports equipment through this segment is increasing, as the rich look and feel of these stores tend to attract a huge number of customers. These factors will drive market growth in the forecasted period. Further, the Asia-Pacific region is anticipated to witness the fastest-growing market for racket sports equipment during the forecast timeframe. Countries in the Asia-Pacific region like China, Japan, and Korea have already been actively involved in the sport. Thus, the overall growing popularity of the sport is likely to propel the market for racket sports equipment in the near future. Based on the product type, the market is anticipated to be dominated by rackets in the analytical year due to the increasing global popularity of badminton, squash, and lawn tennis. As for the end users, men dominate the market with more than 40% of the market share, followed by women. According to players in the racket sports equipment industry, the major obstacle attributed to the pandemic was the disruption of the supply chain. Furthermore, all the distribution channels were nearly shut down in the first quarter of the pandemic. However, online channels such as Amazon and Flipkart were delivering the products. The key players included in the market analysis are Babolat VS S.A., Yonex Co., Ltd., Head Sports, Volkl Ski International GmbH, Sumitomo Rubber Industries, Amer Sports Corporation, Pacific Holding GmbH, Solinco Sports, Donnay, PowerAngle LLC, Karakal, Maus Feres, Authentic Brands Group, FILA Inc., Nike Inc., and Counter-Strike Table Tennis. Covid-19 Impacts: The COVID-19 pandemic forced the suspension of a majority of athletic competitions. The precautionary measures imposed by governments led to the closure of many non-essential companies, social withdrawal, bans on public meetings, and stay-at-home directives for numerous countries around the globe. A majority of sports equipment manufacturing companies and community fitness centers were closed, leading to reduced demand for sports equipment worldwide. However, the market is gaining back to its normal phase as the pandemic is slowly receding. Major Companies present in the market: Amer Sports Oyj, Babolat, Head NV, Yonex Co., Ltd, Völkl Int. GmbH, Fila Holdings Corporation, Nike Inc, Puma, karakal, Sumitomo Rubber Industries, Pacific Holding Gmbh, Li-Ning Studio LLP, Tibhar, Gamma Sports, Harrow Sports. Victor Rackets Ind. Corporation Considered in this report • Geography: Global • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Global racket sports equipment market with its value and forecast along with its segments • Region-wise racket sports equipment market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Regions covered in the report: • North America • Europe • Asia-Pacific • South America • Middle-East & Africa By Product Type: • 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 • Padel • Others (Racquetball) By Distribution Channel: • Hypermarkets/Supermarkets • Specialty Stores • Online Stores • Other Distribution Channels By End-User: • 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, 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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