Global Badminton Equipment Market 2016-2020

Overview of the badminton equipment market

According to the analysts at Technavio, the badminton equipment market is envisaged to grow steadily at a moderate CAGR of more than 2% over the forecast period. One of the most important factors driving the growth of this market is the rising interest in badminton among children aged between 5 and 12 years. This has led to several schools and colleges providing their students with the required training for badminton and encouraging them to participate in events and tournaments. For instance, the American Badminton Center drives an initiative to promote the sport in Dallas and its suburbs. The increasing commercialization of badminton in many countries through advertisements, promotional campaigns, and digital marketing has further encouraged parents to enroll their children in badminton training facilities, thereby contributing to this market’s growth in the coming years.

In this industry research study, the analysts have estimated factors such as increasing popularity of online retail platforms to bolster this market’s growth over the forecast period. Although brick and mortar retail stores remain the primary channel for the sale of badminton equipment, online retailing is anticipated to experience rapid growth during the predicted period. Quick delivery services and competitive prices are the major factors for the growth of online retailing around the world. The increasing Internet penetration and growing consumer base of Internet sales, along with faster-shipping services and changing demands of consumers, will play a significant role in the growth of this market over the next four years.

Segmentation by retail formats and analysis of the badminton equipment market

• Specialty and sports stores
• Department and discount stores
• Online retail

The specialty and sports stores dominated the global badminton equipment market and accounted for more than 46% of the market share in terms of revenue. Exclusive YONEX and Li-Ning stores are examples of specialty and sports shops.

Geographical segmentation and analysis of the badminton equipment market

• Americas
• APAC
• Europe
• MEA

In terms of geography, the APAC region led the global badminton equipment market and is expected to reach more than USD 556 million by 2020. APAC is home to some of the most successful badminton players in the world. This has led the population of India, China, South Korea, Malaysia, and Indonesia to become avid followers of the sport. Moreover, these countries are well-known across the globe as organizers of some of the major badminton matches and tournaments. Also, all of these countries host their badminton leagues and championships, which has helped this market to grow manifold in the past few years.

Competitive landscape and key vendors

The global badminton equipment market is consolidated with the presence of a few leading vendors in the market. Intense competition between these companies necessitates the development and introduction of many advanced products in the market. The intense competition among the key players and introduction of many advanced products in the market prevent the entry of new vendors in the market.

Key vendors in this market are -

• Ashaway
• Babolat
• Li-Ning
• Sports Direct
• YONEX

Other prominent vendors in the market include Amer Sports, ASICS, Bedini, Dunlop Sports Group Americas, PACIFIC, Pointfore, ProKennex, RUBY GLAMOUR, Tatt Seng Sporting Goods, Tecnifibre, and Trump Sports.

Key questions answered in the report include

• What will the global badminton equipment market size and the growth rate be in 2020?
• What are the key factors driving the global badminton equipment market?
• What are the key market trends impacting the growth of the global badminton equipment market?
• What are the challenges to market growth for the global badminton equipment market?
• Who are the key vendors in the global badminton equipment market?
• What are the market opportunities and threats faced by the vendors in the global badminton equipment market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
• What are the key outcomes of the five forces analysis of the global badminton equipment market?

Technavio also offers customization on reports based on specific client requirement.

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