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Racket Sports Equipment Market By Key vendors, Size, Share, Analysis and Forecasts To 2021

Tuesday, February 28, 2017 2:51
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Market Research analysts forecast the global racket sports equipment market to grow at a CAGR of 2.64% during the period 2017-2021.

According to the report, one of the major drivers for this market is increase in number of tournaments. The number of racket sports tournaments and matches played worldwide is on the rise, owing to the increased participation of frequent players in the past few years. Frequent players account for more than half of the revenue generated via the sales of tennis rackets. Associations like the United States Tennis Association (USTA) are also spending more on sponsoring basic level competitions and tournaments to encourage participation.

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Further, the report states that one of the major factors hindering the growth of this market is high cost of equipment. Squash equipment like racket, strings, eyewear, and shoes are expensive, especially when compared to equipment of other sports like badminton and tennis. Due to the costs associated with the equipment, many people who play for recreational purposes do not purchase squash equipment outright and tend to switch to other racket sports like badminton.

About Racket Sports Equipment

Of the three racket sports discussed in this report, tennis has the highest participation rates. The sale of tennis equipment is related to the number of tennis players and their frequency of playing. Owing to an increase in the number of participants in several small and big tournaments, and an increase in the number of frequent players, the demand for tennis equipment is expected to increase during the forecast period. Several events and tournaments are being organized nowadays, which encourages people to participate in the sport. The growing interest in the sport, frequent replacement of tennis balls and rackets, and an increase in the number of tournaments are among the factors contributing to the growth of tennis equipment market.

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Covered in this report 

The report covers the present scenario and the growth prospects of the global racket sports equipment market for 2017-2021. To calculate the market size, the report considers the sales of racket sports equipment to individual consumers across the globe in 2016.

The market is divided into the following segments based on geography: 

Global Racket Sports Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
Amer Sports

Other prominent vendors 
Goode Sport
GAMMA Sports
Prince Global Sports 

Market driver 
Increase in number of tournaments
For a full, detailed list, view our report 

Market challenge 
High cost of equipment 
For a full, detailed list, view our report 

Market trend 
Increased use of nanomaterials
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors? 

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.


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