Latest News- Racket Sports Equipment Market: Offline is expected to lead the Distribution Channel segment during 2025-2029

The Racket Sports Equipment Market is being driven by Increase in number of racket sports courts worldwide

The Racket Sports Equipment Market is expected to grow at a CAGR of 4.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 878.6 million. In the racket sports equipment market, there is a prevailing trend towards the use of lightweight, high-performance materials. Professional athletes and discerning consumers favor such equipment due to their enhanced stiffness and superior strength-to-weight ratio. Carbon fiber has emerged as a popular choice for manufacturing racket sports equipment, owing to its exceptional properties. This advanced material offers greater flexibility and enables better control over body movements, making it a preferred option over traditional materials like metal, wood, and steel. Furthermore, carbon fiber-reinforced plastic moldings have replaced their glass-reinforced counterparts in many applications, providing increased stiffness and flexibility to the equipment. The growing demand for lightweight, high-performance racket sports equipment is driving the adoption of carbon fiber technology in this sector. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Product
  • Tennis equipment
  • Badminton equipment
  • Squash equipment
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in number of racket sports courts worldwide
• Celebrity endorsements and consumer engagement
• Increase in number of tournaments

However, the market also witnesses some limitations, which are as follows:

• Increase in popularity of e-sports
• High cost of racket sports equipment
• Disparity in global popularity and appeal of various racket sports

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Market Scope in Racket Sports Equipment Market Research Report

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Research Analysis Overview

The global market for Racket Sports Equipment encompasses various types of equipment including Racquets for sports such as Squash, Tennis, Racquetball, Badminton, and Table Tennis, as well as Paddles for Ping Pong and Pickleball. E-commerce platforms cater to the demands of Generation Z and Millennial consumers for Eyewares, Racket bags, Lightweight equipment, and other accessories. International players and Sports clubs prefer high-performance Rackets, Balls, Shoes, Caddies, and Protective gears for Real racquetball, Hollow rubber ball, Tennis ball, and Lightweight fabric apparels. Sports Equipment manufacturers produce equipment for various Racket sports like Lawn tennis, Squash, and Badminton, catering to the needs of Global sports players.

Market Research Overview

The global leisure products market, encompassing categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games, is a significant segment of the larger household durables market. According to Technavio's market analysis, the global household durables market size is determined by the collective revenue generated by manufacturers of various household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. Factors driving the growth of this market include the rising memberships in health and fitness clubs, with membership numbers experiencing a consistent increase over the past decade. This trend is further fueled by the burgeoning health and fitness industry, leading to a surge in demand for racket sports equipment, including racquetball, squash, tennis, badminton, and paddle equipment, among Generation Z consumers. The convenience of e-commerce platforms also facilitates the accessibility and purchase of these products, contributing to the market's expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/