Latest News- Squash Equipment Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

The Squash Equipment Market is being driven by Introduction of various national and international leagues

The Squash Equipment Market is expected to grow at a CAGR of 1.97% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 71.6 million. The Squash Equipment Market represents a significant business opportunity, driven by the increasing popularity of squash as a sport and the resulting demand for high-performance equipment. Key product categories include squash balls, rackets, shoes, and protective gear. Market growth is fueled by factors such as technological advancements, rising health consciousness, and the expansion of the global player base. Companies that can innovate and deliver top-quality, competitively-priced equipment will thrive in this dynamic market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Product
  • Squash rackets
  • Squash balls
  • Squash shoes
  • Others
• Geography
  • Europe
    • France
    • Germany
    • UK
  • North America
    • US
  • APAC
    • China
  • South America
  • 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: 

• Introduction of various national and international leagues
• Increase in number of squash courts, including in schools and colleges
• Impact of organized retailing

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

• Fluctuations in cost of raw materials
• Disparity in global popularity and appeal of various racket sports
• Injuries associated with squash

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Market Scope in Squash Equipment Market Research Report

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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

According to Technavio, the global squash equipment market is a segment of the expansive global leisure products industry. This market encompasses various product categories, such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. The size of the global leisure products market is determined by Technavio through the consolidated revenues generated by the manufacturers of leisure products, which include consumer electronics, home furnishings, home building products, household appliances, houseware and specialties, and leisure products. The growth of the global leisure products market is primarily driven by the surge in health and fitness club memberships, which have experienced a consistent increase over the past decade.. 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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Email: media@technavio.com
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