Product Code: A16941
The global racket sports equipment market was valued at $176.8 million in 2021, and is projected to reach $272.4 million by 2031, growing at a CAGR of 4.3% from 2022 to 2031. Racket sports equipment are utility devices or tools useful for engaging in sports activity. Increase in fitness consciousness among consumers and rapid rise in per capita disposable income are expected to boost demand for sports equipment. In addition, however, decline in participation of the young generation in sports activity hampers the market growth.
Increase in interest of consumers in leisure activities other than sports such as movies, musical concerts, virtual gaming, and others restrains the growth of the market. Conversely, increase in participation of various organizations in donation of these equipment to emerging sport enthusiasts and athletes with poor financial background is anticipated to provide lucrative opportunity for the market. For instance, Sports Gift, Let's Play It Forward, Global Sports Foundation, and One World Play Project are some of the well-known organizations that support the sports equipment donation process. Thus, rise in distribution of sports equipment through online retail platform is anticipated to boost the market growth in near future.
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 envisaged throughout the forecast period. The resumption of sport activities, and ease in international sport travel restrictions are key factor behind recovery of the sports equipment and apparel market. These factors are projected to boost the growth of racket sports equipment market after the COVID-19 prediction period.
Consumers are becoming more health conscious due to work-related stress and lifestyle disorders. Thus, increase in number of health-conscious consumers has created a strong demand for sports equipment including racket sports, which, in turn, augments growth of the overall market. Moreover, rise in trend of outdoor sports propels growth of the market. Furthermore, continuous innovations in product category notably contributes toward growth of the market.
E-commerce or online store is a huge platform growing at a tremendous rate worldwide. Consumers of every age, including generation X, millennial, or generation Z prefer to shop from e-stores. This is attributed to the fact that online shopping is more convenient as compared to shopping at physical stores, due to rise in number of retailers focusing on e-commerce, thus making it convenient for consumers. Furthermore, increase in penetration of internet and rise in percentage of population inclining toward online shopping are expected to provide potential opportunity for the racket equipment manufacturers to sell their existing as well as novel products through online platform, thus making them easily available for consumers and increasing consumer awareness about their products.
The racket sports equipment market is segmented on the basis of product type, end user, application, distribution channel and region. Based on product type, the market is categorized into rackets, balls, eyewares, racket bags and accessories. By end user, it is classified into men, women, and kids. In terms of application, it is divided into badminton, racquetball, squash and tennis. On the basis of distribution channel the market is classified into hypermarkets/supermarkets, specialty stores, e-commerce and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
According to the market players, the major obstacle attributed to the pandemic was the disruption of the supply chain. Furthermore, all the Distribution Channel were nearly shut down in the first quarter of the pandemic. However, online channels such as amazon and flipkart were delivering the products. . They key players included in the racket sports equipment 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.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the racket sports equipment market analysis from 2021 to 2031 to identify the prevailing racket sports equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the racket sports equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global racket sports equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Rackets
- Tennis
- Racquetball
- Squash
- Badminton
- Paddle tennis
- Balls
- Eyewares
- Racket Bags
- Accessories
By End User
By Application
- Badminton
- Racquetball
- Squash
- Tennis
By Distribution Channel
- Hypermarket
- Specialty Stores
- E-Commerce
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- New Zealand
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Key Market Players
- 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.
- Counter Strike Table tennis
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: RACKET SPORTS EQUIPMENT MARKET, BY PRODUCT TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Rackets
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.2.4 Rackets Racket sports equipment Market by Tennis
- 4.2.5 Rackets Racket sports equipment Market by Racquetball
- 4.2.6 Rackets Racket sports equipment Market by Squash
- 4.2.7 Rackets Racket sports equipment Market by Badminton
- 4.2.8 Rackets Racket sports equipment Market by Paddle tennis
- 4.3 Balls
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.4 Eyewares
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
- 4.5 Racket Bags
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market analysis by country
- 4.6 Accessories
- 4.6.1 Key market trends, growth factors and opportunities
- 4.6.2 Market size and forecast, by region
- 4.6.3 Market analysis by country
CHAPTER 5: RACKET SPORTS EQUIPMENT MARKET, BY END USER
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Men
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Women
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
- 5.4 Kids
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country
CHAPTER 6: RACKET SPORTS EQUIPMENT MARKET, BY APPLICATION
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Badminton
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 Racquetball
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
- 6.4 Squash
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market analysis by country
- 6.5 Tennis
- 6.5.1 Key market trends, growth factors and opportunities
- 6.5.2 Market size and forecast, by region
- 6.5.3 Market analysis by country
CHAPTER 7: RACKET SPORTS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Hypermarket
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market analysis by country
- 7.3 Specialty Stores
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market analysis by country
- 7.4 E-Commerce
- 7.4.1 Key market trends, growth factors and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market analysis by country
- 7.5 Others
- 7.5.1 Key market trends, growth factors and opportunities
- 7.5.2 Market size and forecast, by region
- 7.5.3 Market analysis by country
CHAPTER 8: RACKET SPORTS EQUIPMENT MARKET, BY REGION
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Product Type
- 8.2.2.1 North America Rackets Racket sports equipment Market by Tennis
- 8.2.2.2 North America Rackets Racket sports equipment Market by Racquetball
- 8.2.2.3 North America Rackets Racket sports equipment Market by Squash
- 8.2.2.4 North America Rackets Racket sports equipment Market by Badminton
- 8.2.2.5 North America Rackets Racket sports equipment Market by Paddle tennis
- 8.2.3 North America Market size and forecast, by End User
- 8.2.4 North America Market size and forecast, by Application
- 8.2.5 North America Market size and forecast, by Distribution Channel
- 8.2.6 North America Market size and forecast, by country
- 8.2.6.1 U.S.
- 8.2.6.1.1 Market size and forecast, by Product Type
- 8.2.6.1.2 Market size and forecast, by End User
- 8.2.6.1.3 Market size and forecast, by Application
- 8.2.6.1.4 Market size and forecast, by Distribution Channel
- 8.2.6.2 Canada
- 8.2.6.2.1 Market size and forecast, by Product Type
- 8.2.6.2.2 Market size and forecast, by End User
- 8.2.6.2.3 Market size and forecast, by Application
- 8.2.6.2.4 Market size and forecast, by Distribution Channel
- 8.2.6.3 Mexico
- 8.2.6.3.1 Market size and forecast, by Product Type
- 8.2.6.3.2 Market size and forecast, by End User
- 8.2.6.3.3 Market size and forecast, by Application
- 8.2.6.3.4 Market size and forecast, by Distribution Channel
- 8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Product Type
- 8.3.2.1 Europe Rackets Racket sports equipment Market by Tennis
- 8.3.2.2 Europe Rackets Racket sports equipment Market by Racquetball
- 8.3.2.3 Europe Rackets Racket sports equipment Market by Squash
- 8.3.2.4 Europe Rackets Racket sports equipment Market by Badminton
- 8.3.2.5 Europe Rackets Racket sports equipment Market by Paddle tennis
- 8.3.3 Europe Market size and forecast, by End User
- 8.3.4 Europe Market size and forecast, by Application
- 8.3.5 Europe Market size and forecast, by Distribution Channel
- 8.3.6 Europe Market size and forecast, by country
- 8.3.6.1 UK
- 8.3.6.1.1 Market size and forecast, by Product Type
- 8.3.6.1.2 Market size and forecast, by End User
- 8.3.6.1.3 Market size and forecast, by Application
- 8.3.6.1.4 Market size and forecast, by Distribution Channel
- 8.3.6.2 Germany
- 8.3.6.2.1 Market size and forecast, by Product Type
- 8.3.6.2.2 Market size and forecast, by End User
- 8.3.6.2.3 Market size and forecast, by Application
- 8.3.6.2.4 Market size and forecast, by Distribution Channel
- 8.3.6.3 France
- 8.3.6.3.1 Market size and forecast, by Product Type
- 8.3.6.3.2 Market size and forecast, by End User
- 8.3.6.3.3 Market size and forecast, by Application
- 8.3.6.3.4 Market size and forecast, by Distribution Channel
- 8.3.6.4 Italy
- 8.3.6.4.1 Market size and forecast, by Product Type
- 8.3.6.4.2 Market size and forecast, by End User
- 8.3.6.4.3 Market size and forecast, by Application
- 8.3.6.4.4 Market size and forecast, by Distribution Channel
- 8.3.6.5 Spain
- 8.3.6.5.1 Market size and forecast, by Product Type
- 8.3.6.5.2 Market size and forecast, by End User
- 8.3.6.5.3 Market size and forecast, by Application
- 8.3.6.5.4 Market size and forecast, by Distribution Channel
- 8.3.6.6 Russia
- 8.3.6.6.1 Market size and forecast, by Product Type
- 8.3.6.6.2 Market size and forecast, by End User
- 8.3.6.6.3 Market size and forecast, by Application
- 8.3.6.6.4 Market size and forecast, by Distribution Channel
- 8.3.6.7 Rest of Europe
- 8.3.6.7.1 Market size and forecast, by Product Type
- 8.3.6.7.2 Market size and forecast, by End User
- 8.3.6.7.3 Market size and forecast, by Application
- 8.3.6.7.4 Market size and forecast, by Distribution Channel
- 8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Product Type
- 8.4.2.1 Asia-Pacific Rackets Racket sports equipment Market by Tennis
- 8.4.2.2 Asia-Pacific Rackets Racket sports equipment Market by Racquetball
- 8.4.2.3 Asia-Pacific Rackets Racket sports equipment Market by Squash
- 8.4.2.4 Asia-Pacific Rackets Racket sports equipment Market by Badminton
- 8.4.2.5 Asia-Pacific Rackets Racket sports equipment Market by Paddle tennis
- 8.4.3 Asia-Pacific Market size and forecast, by End User
- 8.4.4 Asia-Pacific Market size and forecast, by Application
- 8.4.5 Asia-Pacific Market size and forecast, by Distribution Channel
- 8.4.6 Asia-Pacific Market size and forecast, by country
- 8.4.6.1 China
- 8.4.6.1.1 Market size and forecast, by Product Type
- 8.4.6.1.2 Market size and forecast, by End User
- 8.4.6.1.3 Market size and forecast, by Application
- 8.4.6.1.4 Market size and forecast, by Distribution Channel
- 8.4.6.2 Japan
- 8.4.6.2.1 Market size and forecast, by Product Type
- 8.4.6.2.2 Market size and forecast, by End User
- 8.4.6.2.3 Market size and forecast, by Application
- 8.4.6.2.4 Market size and forecast, by Distribution Channel
- 8.4.6.3 India
- 8.4.6.3.1 Market size and forecast, by Product Type
- 8.4.6.3.2 Market size and forecast, by End User
- 8.4.6.3.3 Market size and forecast, by Application
- 8.4.6.3.4 Market size and forecast, by Distribution Channel
- 8.4.6.4 Australia
- 8.4.6.4.1 Market size and forecast, by Product Type
- 8.4.6.4.2 Market size and forecast, by End User
- 8.4.6.4.3 Market size and forecast, by Application
- 8.4.6.4.4 Market size and forecast, by Distribution Channel
- 8.4.6.5 South Korea
- 8.4.6.5.1 Market size and forecast, by Product Type
- 8.4.6.5.2 Market size and forecast, by End User
- 8.4.6.5.3 Market size and forecast, by Application
- 8.4.6.5.4 Market size and forecast, by Distribution Channel
- 8.4.6.6 New Zealand
- 8.4.6.6.1 Market size and forecast, by Product Type
- 8.4.6.6.2 Market size and forecast, by End User
- 8.4.6.6.3 Market size and forecast, by Application
- 8.4.6.6.4 Market size and forecast, by Distribution Channel
- 8.4.6.7 Rest of Asia-Pacific
- 8.4.6.7.1 Market size and forecast, by Product Type
- 8.4.6.7.2 Market size and forecast, by End User
- 8.4.6.7.3 Market size and forecast, by Application
- 8.4.6.7.4 Market size and forecast, by Distribution Channel
- 8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Product Type
- 8.5.2.1 LAMEA Rackets Racket sports equipment Market by Tennis
- 8.5.2.2 LAMEA Rackets Racket sports equipment Market by Racquetball
- 8.5.2.3 LAMEA Rackets Racket sports equipment Market by Squash
- 8.5.2.4 LAMEA Rackets Racket sports equipment Market by Badminton
- 8.5.2.5 LAMEA Rackets Racket sports equipment Market by Paddle tennis
- 8.5.3 LAMEA Market size and forecast, by End User
- 8.5.4 LAMEA Market size and forecast, by Application
- 8.5.5 LAMEA Market size and forecast, by Distribution Channel
- 8.5.6 LAMEA Market size and forecast, by country
- 8.5.6.1 Brazil
- 8.5.6.1.1 Market size and forecast, by Product Type
- 8.5.6.1.2 Market size and forecast, by End User
- 8.5.6.1.3 Market size and forecast, by Application
- 8.5.6.1.4 Market size and forecast, by Distribution Channel
- 8.5.6.2 Argentina
- 8.5.6.2.1 Market size and forecast, by Product Type
- 8.5.6.2.2 Market size and forecast, by End User
- 8.5.6.2.3 Market size and forecast, by Application
- 8.5.6.2.4 Market size and forecast, by Distribution Channel
- 8.5.6.3 Saudi Arabia
- 8.5.6.3.1 Market size and forecast, by Product Type
- 8.5.6.3.2 Market size and forecast, by End User
- 8.5.6.3.3 Market size and forecast, by Application
- 8.5.6.3.4 Market size and forecast, by Distribution Channel
- 8.5.6.4 South Africa
- 8.5.6.4.1 Market size and forecast, by Product Type
- 8.5.6.4.2 Market size and forecast, by End User
- 8.5.6.4.3 Market size and forecast, by Application
- 8.5.6.4.4 Market size and forecast, by Distribution Channel
- 8.5.6.5 Rest of LAMEA
- 8.5.6.5.1 Market size and forecast, by Product Type
- 8.5.6.5.2 Market size and forecast, by End User
- 8.5.6.5.3 Market size and forecast, by Application
- 8.5.6.5.4 Market size and forecast, by Distribution Channel
CHAPTER 9: COMPANY LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Key developments
CHAPTER 10: COMPANY PROFILES
- 10.1 BABOLAT VS S.A.
- 10.1.1 Company overview
- 10.1.2 Company snapshot
- 10.1.3 Operating business segments
- 10.1.4 Product portfolio
- 10.1.5 Business performance
- 10.1.6 Key strategic moves and developments
- 10.2 YONEX CO.,Ltd
- 10.2.1 Company overview
- 10.2.2 Company snapshot
- 10.2.3 Operating business segments
- 10.2.4 Product portfolio
- 10.2.5 Business performance
- 10.2.6 Key strategic moves and developments
- 10.3 HEAD SPORTS
- 10.3.1 Company overview
- 10.3.2 Company snapshot
- 10.3.3 Operating business segments
- 10.3.4 Product portfolio
- 10.3.5 Business performance
- 10.3.6 Key strategic moves and developments
- 10.4 Volkl Ski International, GmbH
- 10.4.1 Company overview
- 10.4.2 Company snapshot
- 10.4.3 Operating business segments
- 10.4.4 Product portfolio
- 10.4.5 Business performance
- 10.4.6 Key strategic moves and developments
- 10.5 Sumitomo Rubber Industries
- 10.5.1 Company overview
- 10.5.2 Company snapshot
- 10.5.3 Operating business segments
- 10.5.4 Product portfolio
- 10.5.5 Business performance
- 10.5.6 Key strategic moves and developments
- 10.6 amer sports corporation
- 10.6.1 Company overview
- 10.6.2 Company snapshot
- 10.6.3 Operating business segments
- 10.6.4 Product portfolio
- 10.6.5 Business performance
- 10.6.6 Key strategic moves and developments
- 10.7 PACIFIC Holding GmbH
- 10.7.1 Company overview
- 10.7.2 Company snapshot
- 10.7.3 Operating business segments
- 10.7.4 Product portfolio
- 10.7.5 Business performance
- 10.7.6 Key strategic moves and developments
- 10.8 Solinco Sports
- 10.8.1 Company overview
- 10.8.2 Company snapshot
- 10.8.3 Operating business segments
- 10.8.4 Product portfolio
- 10.8.5 Business performance
- 10.8.6 Key strategic moves and developments
- 10.9 Donnay
- 10.9.1 Company overview
- 10.9.2 Company snapshot
- 10.9.3 Operating business segments
- 10.9.4 Product portfolio
- 10.9.5 Business performance
- 10.9.6 Key strategic moves and developments
- 10.10 PowerAngle LLC.
- 10.10.1 Company overview
- 10.10.2 Company snapshot
- 10.10.3 Operating business segments
- 10.10.4 Product portfolio
- 10.10.5 Business performance
- 10.10.6 Key strategic moves and developments
- 10.11 Karakal
- 10.11.1 Company overview
- 10.11.2 Company snapshot
- 10.11.3 Operating business segments
- 10.11.4 Product portfolio
- 10.11.5 Business performance
- 10.11.6 Key strategic moves and developments
- 10.12 Maus Feres
- 10.12.1 Company overview
- 10.12.2 Company snapshot
- 10.12.3 Operating business segments
- 10.12.4 Product portfolio
- 10.12.5 Business performance
- 10.12.6 Key strategic moves and developments
- 10.13 Authentic Brands Group
- 10.13.1 Company overview
- 10.13.2 Company snapshot
- 10.13.3 Operating business segments
- 10.13.4 Product portfolio
- 10.13.5 Business performance
- 10.13.6 Key strategic moves and developments
- 10.14 FILA Inc.
- 10.14.1 Company overview
- 10.14.2 Company snapshot
- 10.14.3 Operating business segments
- 10.14.4 Product portfolio
- 10.14.5 Business performance
- 10.14.6 Key strategic moves and developments
- 10.15 Nike Inc.
- 10.15.1 Company overview
- 10.15.2 Company snapshot
- 10.15.3 Operating business segments
- 10.15.4 Product portfolio
- 10.15.5 Business performance
- 10.15.6 Key strategic moves and developments
- 10.16 Counter Strike Table tennis
- 10.16.1 Company overview
- 10.16.2 Company snapshot
- 10.16.3 Operating business segments
- 10.16.4 Product portfolio
- 10.16.5 Business performance
- 10.16.6 Key strategic moves and developments