Squash Equipment Market Size to grow by USD 71.6 million between 2024-2028
According to a research report “ Squash Equipment Market” by Distribution Channel (Offline, Online) Product (Squash rackets, Squash balls, Squash shoes, Others) Geography (Europe, North America, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 71.6 million, at a CAGR of 1.97% during the forecast period. The Squash Equipment Market represents a significant business opportunity, driven by the rising popularity of the sport and increasing participation rates. Key equipment categories include squash balls, rackets, shoes, and protective gear. Market growth is fueled by factors such as technological advancements, growing health consciousness, and expanding global reach. Companies must focus on innovation, quality, and competitive pricing to capture market share..
Browse market data tables, figures, and in-depth TOC on “Squash Equipment Market” by Distribution Channel (Offline, Online) Product (Squash rackets, Squash balls, Squash shoes, Others) Geography (Europe, North America, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Distribution Channel, the Offline segment is projected to dominate the market size in 2024
The Squash Equipment Market encompasses various distribution channels, including monobrand stores, department stores, hypermarkets, supermarkets, and specialty stores. Monobrand stores, which are retail outlets owned by product manufacturing companies, are gaining traction in the market due to their attractive brand image. ASICS Corp. and Amer Sports Corp., key North American squash equipment manufacturers, are expanding their monobrand store presence to bolster direct-to-customer (D2C) sales, investing significantly to create an engaging shopping experience for consumers. These standalone retail outlets offer a comprehensive range of products under the same brand, making them a preferred choice for many customers.
By Product, Squash rackets segment is expected to hold the largest market size for the year 2024
The squash equipment market has experienced significant advancements in squash racket technology, with leading manufacturers like Dunlop Sport incorporating innovative materials and design elements. Modern rackets are now produced using sustainable materials such as nanomaterials, organic substances, water-based adhesives, and recycled plastics, replacing traditional synthetic materials. Dunlop Sport, a market leader, employs advanced technologies like the ACS, power-ridge technology, and multi-filament (M-Fil) to reinforce the racket throat area, ensuring maximum torsional strength, increased stiffness, and superior racket quality. This shift towards eco-friendly and recyclable materials aligns with growing consumer awareness and concern for environmental pollution.
Europe is forecasted to hold the largest market size by region in 2024
The European squash equipment market witnessed significant growth in 2021, with the region leading the global market share. Key contributing countries include the UK, France, and Germany, where squash enjoys high popularity. The European Squash Federation, as the governing body, fosters the sport's development. Innovations in squash equipment and string technology by European competitors, such as HE Head Penn Racquet Sports and Wilson Sporting Goods, enhance player performance, driving market expansion. Additional growth factors include the establishment of facilities like Antibes Squash and Fitness Club in France and Elite Squash in England, which offer numerous squash courts and fitness centers. Furthermore, the increase in the number of tournaments, such as the European Squash Championships and the British Open, collectively bolsters the European squash equipment market. Other significant European markets for squash equipment are Belgium, Russia, Scotland, and Finland.
The Squash Equipment Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
Title: Squash Equipment Market: Historical Phase, Investment Opportunities, and Future Trends The squash equipment market has experienced significant growth over the historical phase, driven by increasing health consciousness, agility, and hand-eye coordination demands. External factors such as political scenarios and macroeconomic analysis have influenced market trends. For instance, the rise of health consciousness and cardio workouts has led to an increase in demand for squash equipment, particularly in regions with high obesity rates. Internal factors like product pricing, consumer buying patterns, and technological advancements have also impacted the market. For instance, the use of materials like graphite and aluminum in squash rackets has improved their performance and durability, making them more attractive to consumers. Additionally, the trend towards organic sports clothing and shoes has gained traction, providing opportunities for eco-friendly manufacturers. Political scenarios, such as government initiatives promoting sports and fitness, and social scenarios, like the growing popularity of squash as a competitive sport, have further fueled market growth. However, challenges like cardiovascular diseases and back strength requirements pose potential risks for the market. Overall, the squash equipment market presents significant investment opportunities, with continued growth expected in the coming years.
Market Research Overview
The squash equipment market has undergone a historical phase of transformation, driven by internal and external factors. Investment opportunities abound in this recreational sport activity, with increasing participation rates driven by health consciousness, mood enhancement, and improved endurance, agility, hand-eye coordination, back strength, flexibility, and core strength. External factors include macroeconomic analysis, political scenarios, and social trends. Macroeconomic analysis indicates stable growth, while political scenarios and social trends favor eco-friendly raw materials like recycled plastic, thermoplastic elastomer, and water-based adhesives. Internal factors include product innovations, such as graphite and aluminum rackets, organic sports clothing, and balls made from synthetic rubber. Specialty stores and department stores dominate sales, with online retail gaining traction. International leagues and youngsters with expanding expenditure capacities fuel demand for high-performance equipment. Product pricing remains a critical factor, with specialty equipment commanding premium prices. The market's future looks bright, with continued innovation and consumer buying driven by health consciousness and a desire for cardio workouts.
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