Squash equipment market size to grow by USD 75.2 billion at a CAGR of 2.14%: Driven by introduction of various national and international leagues - Technavio

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Feb 16, 2023, 11:30 ET

NEW YORK, Feb. 16, 2023 /PRNewswire/ -- According to Technavio, the global squash equipment market size is estimated to grow by USD 75.2 billion from 2021 to 2026. The market is estimated to grow at a CAGR of 2.14% during the forecast period. Moreover, the growth momentum will accelerate. Europe will account for 43% of the market's growth. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, request a sample report.

Technavio has announced its latest market research report titled Global Squash Equipment Market 2022-2026

Global squash equipment market - Five forces
The global squash equipment market is fragmented, and the five forces analysis covers–

Bargaining power of buyers
The threat of new entrants
Threat of rivalry
Bargaining power of suppliers
Threat of substitutes
For an interpretation of Porter's five forces model – Buy the report!

Global squash equipment market – Customer landscape

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global squash equipment market - Segmentation assessment

Segment overview
Technavio has segmented the market based on distribution channel (online and offline) and product (squash rackets, squash balls, squash shoes, and others).

The offline segment will account for a significant share of the market's growth during the forecast period. This segment includes mono-brand stores, department stores, hypermarkets, supermarkets, and specialty stores. Monobrand stores are retail stores owned by product manufacturing companies. They provide a wide range of products manufactured by the same brand. The distribution of squash equipment through mono-brand stores is rising, as many customers prefer to purchase products from these stores. Vendors are also focusing on opening new stores to increase their reach and sustain in the competitive environment. These factors will drive the growth of this segment during the forecast period.

Geography overview
Based on geography, the global squash equipment market is segmented into Europe, North America, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global squash equipment market.

Europe will account for 43% of the market's growth during the forecast period. The UK, Germany, and France are the key countries for the market in Europe. Moreover, market growth in this region will be faster than the growth of the market in other regions. Innovations in squash equipment and string technology by key players help athletes improve their performance, which, in turn, will drive the market growth in Europe during the forecast period.

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Global squash equipment market – Market dynamics
Key factor driving market growth

The introduction of various national and international leagues is driving the market growth.
Participation rates in squash tournaments have been rising in the last couple of years.
Squash associations such as the PSA are introducing various national and international leagues.
Some of the popular squash tournaments include the WSF World Cup and WSF World Championship.
Thus, the rise in competition is increasing the demand for squash equipment.
These factors will drive market growth during the forecast period

Leading trends influencing the market

The use of eco-friendly raw materials is a key trend in the market.
The demand for eco-friendly squash equipment, such as balls, rackets, and strings, is increasing.
Water-based adhesives and organic and recycled plastic materials are replacing synthetic rubber, traditional leather, nylon, polyurethane, and other synthetic materials.
Vendors are manufacturing squash equipment made of new and advanced non-toxic materials such as thermoplastic elastomer.
Hence, the increasing use of eco-friendly raw materials by manufacturers will support the growth of the market during the forecast period.

Major challenges hindering market growth

Fluctuations in the cost of raw materials are hindering the market growth.
The prices of many raw materials have increased due to a rise in oil and gas prices.
Squash rackets are made of aluminum, whose prices increased by 18% in March 2022 when compared to the end of January 2022 due to the Russia-Ukraine war.
The rise in raw material prices has an adverse impact on the production costs of squash equipment, which can affect the pricing strategy of marketers.
These factors will challenge the growth prospects of vendors operating in the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this squash equipment market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the squash equipment market between 2022 and 2026
Precise estimation of the size of the squash equipment market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the squash equipment market across Europe, North America, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of squash equipment market vendors

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Squash Equipment Market Scope
Report Coverage	Details
Page number	150
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 2.14%
Market growth 2022-2026	USD 75.2 billion
Market structure	Fragmented
YoY growth 2021-2022 (%)	1.67
Regional analysis	Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution	Europe at 43%
Key countries	US, China, UK, Germany, and France
Competitive landscape	Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled	ABG Prince LLC, Amer Sports Corp., Ashaway Line and Twine Mfg Co, ASICS Corp., Authentic Brands Group LLC, Black Knight, Decathlon SA, Dunlop International Europe Ltd, Eye Rackets International BV, Freewill Infrastructures Pvt. Ltd, Grays of Cambridge Ltd, Harrow Sports, HEAD Sport GmbH, Karakal Worldwide Ltd, Maus Freres SA, OLIVER Sport and Squash GmbH, Prokennex, Salming Sports AB, Solinco Sports, and Spinway International Pvt Ltd
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's consumer discretionary market reports

Table of contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

5.1 Market segments

Exhibit 25: Chart on Distribution Channel - Market share 2021-2026 (%)
Exhibit 26: Data Table on Distribution Channel - Market share 2021-2026 (%)

5.2 Comparison by Distribution Channel

Exhibit 27: Chart on Comparison by Distribution Channel
Exhibit 28: Data Table on Comparison by Distribution Channel

5.3 Offline - Market size and forecast 2021-2026

Exhibit 29: Chart on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Chart on Offline - Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on Offline - Year-over-year growth 2021-2026 (%)

5.4 Online - Market size and forecast 2021-2026

Exhibit 33: Chart on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Data Table on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Chart on Online - Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on Online - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Distribution Channel

Exhibit 37: Market opportunity by Distribution Channel ($ million)

6 Market Segmentation by Product

6.1 Market segments

Exhibit 38: Chart on Product - Market share 2021-2026 (%)
Exhibit 39: Data Table on Product - Market share 2021-2026 (%)

6.2 Comparison by Product

Exhibit 40: Chart on Comparison by Product
Exhibit 41: Data Table on Comparison by Product

6.3 Squash rackets - Market size and forecast 2021-2026

Exhibit 42: Chart on Squash rackets - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on Squash rackets - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on Squash rackets - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on Squash rackets - Year-over-year growth 2021-2026 (%)

6.4 Squash balls - Market size and forecast 2021-2026

Exhibit 46: Chart on Squash balls - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Squash balls - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Squash balls - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Squash balls - Year-over-year growth 2021-2026 (%)

6.5 Squash shoes - Market size and forecast 2021-2026

Exhibit 50: Chart on Squash shoes - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Squash shoes - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Squash shoes - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Squash shoes - Year-over-year growth 2021-2026 (%)

6.6 Others - Market size and forecast 2021-2026

Exhibit 54: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Others - Year-over-year growth 2021-2026 (%)

6.7 Market opportunity by Product

Exhibit 58: Market opportunity by Product ($ million)

7 Customer Landscape

7.1 Customer landscape overview

Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation

Exhibit 60: Chart on Market share by geography 2021-2026 (%)
Exhibit 61: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison

Exhibit 62: Chart on Geographic comparison
Exhibit 63: Data Table on Geographic comparison

8.3 Europe - Market size and forecast 2021-2026

Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)

8.4 North America - Market size and forecast 2021-2026

Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)

8.5 APAC - Market size and forecast 2021-2026

Exhibit 72: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 73: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 74: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 75: Data Table on APAC - Year-over-year growth 2021-2026 (%)

8.6 South America - Market size and forecast 2021-2026

Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)

8.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

8.8 US - Market size and forecast 2021-2026

Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)

8.9 UK - Market size and forecast 2021-2026

Exhibit 88: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 89: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 90: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 91: Data Table on UK - Year-over-year growth 2021-2026 (%)

8.10 Germany - Market size and forecast 2021-2026

Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)

8.11 China - Market size and forecast 2021-2026

Exhibit 96: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 97: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 98: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 99: Data Table on China - Year-over-year growth 2021-2026 (%)

8.12 France - Market size and forecast 2021-2026

Exhibit 100: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 101: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 102: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 103: Data Table on France - Year-over-year growth 2021-2026 (%)

8.13 Market opportunity by geography

Exhibit 104: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

Exhibit 105: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption

Exhibit 107: Overview on factors of disruption

10.4 Industry risks

Exhibit 108: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered

Exhibit 109: Vendors covered

11.2 Market positioning of vendors

Exhibit 110: Matrix on vendor position and classification

11.3 Amer Sports Corp.

Exhibit 111: Amer Sports Corp. - Overview
Exhibit 112: Amer Sports Corp. - Product / Service
Exhibit 113: Amer Sports Corp. - Key offerings

11.4 ASICS Corp.

Exhibit 114: ASICS Corp. - Overview
Exhibit 115: ASICS Corp. - Business segments
Exhibit 116: ASICS Corp. - Key news
Exhibit 117: ASICS Corp. - Key offerings
Exhibit 118: ASICS Corp. - Segment focus

11.5 Black Knight

Exhibit 119: Black Knight - Overview
Exhibit 120: Black Knight - Product / Service
Exhibit 121: Black Knight - Key offerings

11.6 Dunlop International Europe Ltd

Exhibit 122: Dunlop International Europe Ltd - Overview
Exhibit 123: Dunlop International Europe Ltd - Product / Service
Exhibit 124: Dunlop International Europe Ltd - Key offerings

11.7 Harrow Sports

Exhibit 125: Harrow Sports - Overview
Exhibit 126: Harrow Sports - Product / Service
Exhibit 127: Harrow Sports - Key offerings

11.8 HEAD Sport GmbH

Exhibit 128: HEAD Sport GmbH - Overview
Exhibit 129: HEAD Sport GmbH - Product / Service
Exhibit 130: HEAD Sport GmbH - Key offerings

11.9 Karakal Worldwide Ltd

Exhibit 131: Karakal Worldwide Ltd - Overview
Exhibit 132: Karakal Worldwide Ltd - Product / Service
Exhibit 133: Karakal Worldwide Ltd - Key offerings

11.10 Maus Freres SA

Exhibit 134: Maus Freres SA - Overview
Exhibit 135: Maus Freres SA - Product / Service
Exhibit 136: Maus Freres SA - Key offerings

11.11 OLIVER Sport and Squash GmbH

Exhibit 137: OLIVER Sport and Squash GmbH - Overview
Exhibit 138: OLIVER Sport and Squash GmbH - Product / Service
Exhibit 139: OLIVER Sport and Squash GmbH - Key offerings

11.12 Prokennex

Exhibit 140: Prokennex - Overview
Exhibit 141: Prokennex - Product / Service
Exhibit 142: Prokennex - Key offerings

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

Exhibit 143: Inclusions checklist
Exhibit 144: Exclusions checklist

12.3 Currency conversion rates for US$

Exhibit 145: Currency conversion rates for US$

12.4 Research methodology

Exhibit 146: Research methodology
Exhibit 147: Validation techniques employed for market sizing
Exhibit 148: Information sources

12.5 List of abbreviations

Exhibit 149: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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