According to the latest market research study by Technavio, the global racket sports equipment market is expected to grow at a CAGR of close to 3% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global racket sports equipment market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product
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The top three revenue contributing product segments are discussed below:
Global tennis equipment market: The tennis rackets market occupied most of the share of the global racket sports equipment market and will continue to dominate the market. The tennis rackets market was dominated by adult users in 2015 and is estimated to continue the same trend during the forecast period. The US is one of the most prominent countries in the global tennis equipment market and is expected to retain its position in the coming years.
“Product innovations are expected to exert a positive impact on the growth of the market during the forecast period. One such innovation is Wilson’s Pro Staff racket series that help players play in an attack mode, being fast and agile,” says Brijesh Choubey, a lead analyst at Technavio.
Global badminton equipment market: The widespread popularity of badminton in APAC and Europe is the primary reason for these regions to account for most of the global badminton equipment market’s share. These regions are expected to continue to maintain a strong foothold in the market due to the growing number of badminton tournaments and a rise in the number of badminton players who represent their respective countries at international sporting events.
Global squash equipment market: Squash rackets market witnessed several technological advancements over the years. For example, DUNLOP uses technologies like Advanced Control System (ACS), power-ridge technology, and Multi Filament (M-Fil) to strengthen the racket throat area and deliver maximum torsional strength, increase stiffness, and enhance the quality of rackets. With the increase in squash tournaments, awareness, and rising adoption of squash, the demand for squash rackets is expected to grow over the coming years.
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The top vendors operating in the global racket sports equipment market are:
- Amer Sports
- Babolat
- HEAD
- Tecnifibre
- YONEX
The other prominent vendors in the market include Goode Sport, ASICS, DUNLOP, GAMMA Sports, Li-Ning, PACIFIC, PowerAngle, Prince Global Sports, ProKennex, Slazenger, and Solinco.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Racket Sports Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global In-the-water Sports Equipment Market 2017-2021
- Global Canoeing and Kayaking Equipment Market 2017-2021
- Global Sports Equipment Market 2016-2020
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