Table tennis equipment: Key market research findings
- Rising number of initiatives to encourage increased participation
- Rackets account for a majority of the market’s revenue
- Key vendors – Butterfly, Double Happiness (DHS), DONIC, JOOLA and STIGA
Technavio’s market research analysts predict the global market for table tennis equipment market to grow at a CAGR of more than 2% between 2016 and 2020. Increased initiatives to drive regular participation is triggering an upsurge in the demand for table tennis equipment in the market globally. The number of people playing table tennis on a regular basis is growing across the globe. For example, in England, the number of people aged 16 and above who play table tennis weekly increased from 4,800 in December 2014 to 101,000 by June 2015. All these increased numbers were driven by initiatives launched by Table Tennis England in 2015. In 2015, APAC accounted for around 65% of the overall market revenue to become the dominant shareholder in the global table tennis equipment market. The market in this region is expected to flourish owing to factors such as the availability of upgraded quality equipment, especially rackets.
The new market research report from Technavio presents a breakdown and analysis of the table tennis equipment segments based on the product.
“Growing popularity of headis and header table tennis is the latest trend in the global market. Headis is a sport which is a hybrid of soccer and table tennis. It uses the table of table tennis and a seven-inch rubber ball. Players just use their heads to strike the ball. This game, which was started in 2006, is becoming very popular in Europe, especially in Germany. It is currently expanding to South America and Africa, and the number of players is increasing across Germany, Luxembourg, France, Spain, and England,” says Brijesh Kumar Choubey, Lead Analyst, Consumer & Retail, Technavio Research.
In 2015, the racket segment accounted for more than 58% of the overall market revenue to become the key revenue generating vertical of the global market. The table tennis racket, which is also known as paddle and bat, is the biggest segment in the table tennis equipment market, as the racket plays a key role in the game. The racket includes rubber and blades which can be replaceable. Usually, players choose rubber based on their style of play. Frequent replacement of rubber by professional players coupled with the innovation in the rubber and blade will fuel growth of this market segment by 2020.
The key vendors in the global table tennis equipment market include Butterfly, Double Happiness (DHS), DONIC, JOOLA and STIGA. The market is primarily dominated by a few large vendors. With the increasing popularity of the sport, vendors will have ample opportunities to branch out in the global market. Established vendors in the market are trying to increase their market shares by sponsoring table tennis rackets, balls, and tables in major table tennis tournaments like the Olympics, World Championship, and other national championships tournaments. These tournaments have proved to be one of the biggest platforms for the manufacturers to promote their products.
A more detailed analysis is available in the Technavio report, Global Table Tennis Equipment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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