Game, Set, Match: Racket Sports Equipment Market to Swing for a CAGR of 3.62%, Adding $733.2 Million by 2028

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Nov 01, 2023, 14:15 ET

DUBLIN, Nov. 1, 2023 /PRNewswire/ -- The "Global Racket Sports Equipment Market 2024-2028" report has been added to ResearchAndMarkets.com's offering.

The global racket sports equipment market is gearing up for substantial growth, with a forecasted surge of USD 733.2 million during 2023-2028. According to the latest report, the market is set to accelerate at a CAGR of 3.62% throughout the forecast period.

Key Drivers and Trends

Several key factors are expected to fuel this market growth. A notable surge in the number of racket sports courts worldwide is driving demand for racket sports equipment. Furthermore, celebrity endorsements and increased consumer engagement are boosting consumer interest in these sports, further propelling the market.

The world of racket sports is abuzz with an uptick in the number of tournaments, attracting enthusiasts and newcomers alike. These events contribute to heightened demand for quality racket sports equipment.

Segmentation and Distribution Channels

The racket sports equipment market is segmented based on distribution channels and products:

Distribution Channels

Offline
Online

Products

Tennis equipment
Badminton equipment
Squash equipment

Geographical Landscape

The market's geographical landscape is categorized into North America, APAC, Europe, South America, and the Middle East and Africa. This wide-reaching geographical scope highlights the global nature of racket sports and the equipment market's potential.

Emerging Technologies

One notable trend is the increased use of nanomaterials in racket sports equipment. These advanced materials enhance product performance and durability, attracting consumers seeking top-quality gear. Additionally, the introduction of improved quality products with additional features, as well as the use of eco-friendly raw materials, are factors contributing to the market's growth.

Key Players

The racket sports equipment market boasts a range of prominent players including:

ANTA Sports Products Ltd.
Ashaway Line and Twine Mfg Co
ASICS Corp.
Babolat
Dunlop International Europe Ltd.
Gamma Sports
Gearbox Inc
Harrow Sports
Head
Karakal Worldwide Ltd.
KC Kinetic Solutions LLC
Klipper USA
Li Ning Co. Ltd.
Pacific Holding GmbH
PowerAngle LLC
Solinco Sports
Tecnifibre
Victor Rackets Ind. Corp.
Volkl Tennis
Yonex Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/nh94nz

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SOURCE Research and Markets