Saudi Arabia Racket Sports Equipment Market Overview, 2028

Saudi Arabia Racket Sports Equipment Market Overview, 2028

Actual Market Research 31-12-2022 68 Pages Figures : 6 Tables : 21 Region : MEA Country : Saudi Arabia Category : Consumer Goods & Services Leisure

Racket sports include table tennis, genuine racquetball, squash, badminton, and lawn tennis. A racket sport is one 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 to playing racket sports. Which include building stronger muscles and bones, raising metabolism, improving coordination, burning more calories, managing stress, and lowering various health risks. All these advantages have increased consumer interest in racket sports. The popularity of racket sports has increased as a result. Sports equipment for rackets is comprised of eco-friendly, machine-washable, lightweight, and absorbent materials. Additionally, they come in a range of weights, lengths, and sizes. The development and construction of racket sports equipment have seen major changes over time. According to the research report "Saudi Arabia Racket sports equipment Market Overview, 2028," published by Bonafide Research, the market will grow by USD 9.02 Billion in the upcoming period, 2022–2028. The racket segment dominated the overall Saudi Arabia sports equipment market share in 2022 and is expected to remain dominant during the forecast period. Saudi Arabia has been a major player in the global sporting industry for decades with the Saudi Arabian National Olympic Committee being established in 1950. In Saudi Arabia, badminton has grown in popularity throughout time and is played by people of all nationalities in all areas. In the kingdom today, there are more than 50 badminton clubs with thousands of players in Saudi Arabia. The latest craze in Saudi Arabia is "padel tennis." The racket game is a hybrid of squash and tennis that is most often played in doubles with a ball that resembles a tennis ball but applies less pressure. Its acceptance has rapidly increased throughout the kingdom. Within six months of the program's launch, 20 more venues popped up all across Riyadh, although gamers must still make reservations far in advance to ensure a space. This game's widespread popularity is mostly due to how enjoyable and simple it is to learn. Padel is a popular game in Riyadh, Saudi Arabia, where there are more than 20 locations to play. Despite this, it is difficult to reserve a court and you must make reservations in advance. The growing desire for eco-friendly goods, the requirement for higher quality items, and rising knowledge about health and fitness are some of the main factors driving the Saudi Arabia Sports Equipment Market revenue. Eco-friendly items are becoming increasingly popular in Saudi Arabia as people grow more concerned about their environmental effects. This is especially true for younger consumers who are prepared to pay a premium for environmentally friendly items. As a result, sports equipment and apparel producers are focused on producing eco-friendly items manufactured from recycled materials. As customers become more aware of the value of health and fitness, there is a growing demand for higher-quality products in Saudi Arabia. This has increased demand for high-quality sports equipment and clothes that may help athletes perform better. As a result, manufacturers are investing in R&D to create novel goods that fulfill the demands of customers. Another significant factor driving the Saudi Arabia sports equipment and apparel market is raising health and fitness consciousness. Obesity rates are rising, thus there is a greater need for people to adopt healthier lives. This involves getting enough exercise and consuming nutritious meals. Manufacturers are responding to this trend by producing a diverse selection of sports equipment and clothes meant to keep people active. Since Saudi Arabia's population is growing every year, we can infer that the sports equipment market is also expanding. Manufacturers of racket sports equipment in Saudi Arabia are focusing more on innovations and the introduction of new branded items. This is a significant market driver for racquet sports equipment. Additionally, dealers rely heavily on determining and satisfying customer wants. The popularity of racket sports has boosted the demand for the goods, and as a result, businesses now provide a variety of specially designed packages and offers to meet the needs of their customers. In addition, factors including improved living conditions and rising disposable income among middle-class households in Saudi Arabia are predicted to have a significant impact on the market for racket sports equipment over the forecast period. As a result, more high-quality products are being produced. Demand for the good is inversely correlated with consumer income, which has changed the racket equipment industry. However, the high cost of sports equipment, a lack of information about the advantages of sports, and cultural barriers are some of the major challenges impeding the market growth. However, there are several obstacles to overcome while entering the Saudi Arabia sports equipment and clothing sector. For beginners, import charges might be substantial, making price competition with local producers tough. Second, cultural sensitivities must be considered; for example, women are not permitted to engage in several sports. Finally, logistics might be difficult due to the country's huge area and lack of developed transportation infrastructure. In Saudi Arabia, E-commerce, often known as online shopping, is growing rapidly all over the world. Customers of all ages, especially generation X and generation Z, favor online retailers. This is because consumers find online shopping to be more convenient than shopping in physical stores, thanks to the increase in businesses that are focusing on e-commerce. Additionally, the rise in internet usage and the proportion of people who prefer to shop online are anticipated to offer potential opportunities for manufacturers of racket sports equipment to market both their existing and new products online, making them more accessible to customers and rising brand awareness. Covid19 impact on the sports Market Impact of COVID-19 on the Saudi Arabian Sports Equipment Market Due to severe restrictions placed on the industry by the government because sports are played outside and the young population of the nation participates in them more than other age groups, there was a significant drop in demand for sports gear and clothing in Saudi Arabia during the pandemic. Due to the failure of the sports business, there was a fall in the demand for these products. The government of the nation was primarily concerned with protecting the youth from the effects of the pandemic, which constrained market growth. The Saudi Arabia market share for sports apparel and equipment began to increase once reconsidered in this report Considered in this report • Geography: Saudi Arabia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Saudi Arabia racket 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 • Tennis (Lawn Tennis) • Table Tennis • Badminton • Squash • Others (Paddle, Racquetball, etc.) By Technology • Slip casting • Pressure casting • Others By End User • Men • Women • kids By Distribution Channel • Supermarkets/Hypermarkets • Specialty Stores • Online Stores • Others 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 Appliances 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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