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Racket Sports Equipment Market by Distribution Channel, Product, and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 152
  • SKU: IRTNTR43732
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“The Racket Sports Equipment Market is poised to grow by USD 469.78 million during 2022-2026, accelerating at a CAGR of 2.78% during the forecast period”

Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. Furthermore, this report extensively covers the market segmentation by type Distribution Channel, Product, and Geography and geography APAC, Europe, North America, South America, and Middle East and Africa . The market report also offers information on several market vendors, including ANTA Sports Products Ltd., ASICS Corp., Authentic Brands Group LLC, Babolat VS SAS, Dunlop International Europe Ltd, Embracer Group AB, Felet International Holdings Sdn. Bhd. , GAMMA Sports, Goode Sport, Harrow Sports, HEAD Sport GmbH, Karakal Worldwide Ltd, Li Ning Co. Ltd., Maus Freres SA, Pacific Entermark GmbH, PowerAngle LLC, Prokennex, Solinco Sports, Volkl Tennis, VICTOR RACKETS Ind. Corp., and Yonex Co. Ltd. among others.

What will the Racket Sports Equipment Market Size be During the Forecast Period?

Racket Sports Equipment Market Size

Download Report Sample to Unlock the Racket Sports Equipment Market Size for the Forecast Period and Other Important Statistics

Parent Market Analysis

Our Technavio Research categorizes the report belonging to the Leisure Product Industry under Consumer Discretionary Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.

Racket Sports Equipment Market: Key Drivers, Trends, and Challenges

Technavio Research categorizes the market belonging to the Consumer Discretionary Industry.Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.

Key Racket Sports Equipment Market Driver

Increased use of nanomaterials is one of the key market trends contributing to market growth. The use of nanotechnology in the manufacture of sports equipment such as badminton rackets aids in increasing the durability as well as the performance of such equipment. For instance, YONEX Co. Ltd., one of the vendors in the global market, makes badminton rackets using carbon nanotubes and functionalized fullerenes that bind to carbon fibers, which help optimize power. The company offers NANORAY 900 badminton racket, which has a shaft made of high-modulus graphite, X-fullerene, and ultra-polyethylene fiber. Such nanomaterials minimize air resistance for greater head speed and generate maximum repulsion through greater frame stiffness. Such carbon fiber-based badminton products are primarily categorized as premium products for professional players. Thus, the increased use of modern technology and nanomaterials in sports equipment is expected to raise demand, which, in turn, will help the market grow during the forecast period.

Key Racket Sports Equipment Market Challenge

The increase in the number of tournaments is one of the factors hampering the market growth. The global penetration of smartphones as a gaming platform is relatively high compared to other gaming platforms. These factors have had a huge influence on the market, but one of the major factors contributing to the high growth of mobile gaming is its business model. Revenue can be generated either by putting a price premium on games made available to users from the Android App store or Apple Store or by providing these games for free and creating a large consumer base and invoking in-app purchases. All these factors will affect the participation rates of individuals in outdoor sports and limit the growth of associated markets such as the market during the forecast period.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Racket Sports Equipment Market Vendors?

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as

 

  • ANTA Sports Products Ltd.
  • ASICS Corp.
  • Authentic Brands Group LLC
  • Babolat VS SAS
  • Dunlop International Europe Ltd
  • Embracer Group AB
  • Felet International Holdings Sdn. Bhd. 
  • GAMMA Sports
  • Goode Sport
  • Harrow Sports
  • HEAD Sport GmbH
  • Karakal Worldwide Ltd
  • Li Ning Co. Ltd.
  • Maus Freres SA
  • Pacific Entermark GmbH
  • PowerAngle LLC
  • Prokennex
  • Solinco Sports
  • Volkl Tennis
  • VICTOR RACKETS Ind. Corp.
  • Yonex Co. Ltd.

 

Market Overview

Technavio categorizes the global racket sports equipment market as a part of the global leisure products industry within the global household durables market. The parent market, the global leisure products market, covers a variety of categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. Technavio calculates the global household durables market size based on combined revenues generated by manufacturers of household durables, including consumer electronics, home furnishings, home-building products, household appliances, houseware and specialties, and leisure products.

The number of health and fitness clubs is also rapidly increasing due to the high prospects of this industry. These clubs are introducing exclusive packages to attract consumers and offering them as yearly/monthly packages with discounts. These strategies will enable these clubs to increase memberships. The rise in the number of memberships in health and fitness clubs has increased the demand for health and fitness equipment.

Racket Sports Equipment Market Value Chain Analysis

In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.

 

Which are the Key Regions for Racket Sports Equipment Market?

Racket Sports Equipment Market Share by Geography

53% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the racket sports equipment market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing interest in the game among consumers besides an increase in tennis playing facilities in schools and colleges and marketing initiatives by vendors will facilitate the racket sports equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Racket Sports Equipment Market?

Racket Sports Equipment Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

 

The market share growth in the offline segment will be significant during the forecast period. The segment comprises mono-brand stores, department stores, hypermarkets, supermarkets, and specialty stores. Monobrand stores are retail stores owned by product manufacturing companies. These are standalone retail outlets that provide a wide range of products manufactured under the same brand. The distribution of racket sports equipment through mono-brand stores is increasing, as the rich look and feel of these stores tend to attract a huge number of customers. These factors will drive market growth in the forecasted period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

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Sports Equipment market - The market share should rise by USD 51.47 bn from 2022 to 2026 at a CAGR of 5.91%.

The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key opportunities in each region over the coming years.

Racket Sports Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 2.78%

Market growth 2022-2026

$ 469.78 million

Market structure

Fragmented

YoY growth (%)

2.3

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 53%

Key consumer countries

US, China, Japan, India, Germany, and Italy

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

ANTA Sports Products Ltd., ASICS Corp., Authentic Brands Group LLC, Babolat VS SAS, Dunlop International Europe Ltd, Embracer Group AB, Felet International Holdings Sdn. Bhd. , GAMMA Sports, Goode Sport, Harrow Sports, HEAD Sport GmbH, Karakal Worldwide Ltd, Li Ning Co. Ltd., Maus Freres SA, Pacific Entermark GmbH, PowerAngle LLC, Prokennex, Solinco Sports, Volkl Tennis, VICTOR RACKETS Ind. Corp., and Yonex Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Racket Sports Equipment Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive the growth during the next five years
  • Precise estimation of the size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the the industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of racket sports equipment market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Distribution Channel

    • 5.1 Market segments
      • Exhibit 25: Chart on Distribution Channel - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Distribution Channel - Market share 2021-2026 (%)
    • 5.2 Comparison by Distribution Channel
      • Exhibit 27: Chart on Comparison by Distribution Channel
      • Exhibit 28: Data Table on Comparison by Distribution Channel
    • 5.3 Offline - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Offline - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Offline - Year-over-year growth 2021-2026 (%)
    • 5.4 Online - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Online - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Online - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Distribution Channel
      • Exhibit 37: Market opportunity by Distribution Channel ($ million)

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 38: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 39: Data Table on Product - Market share 2021-2026 (%)
    • 6.2 Comparison by Product
      • Exhibit 40: Chart on Comparison by Product
      • Exhibit 41: Data Table on Comparison by Product
    • 6.3 Tennis equipment - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Tennis equipment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Tennis equipment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Tennis equipment - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Tennis equipment - Year-over-year growth 2021-2026 (%)
    • 6.4 Badminton equipment - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Badminton equipment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Badminton equipment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Badminton equipment - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Badminton equipment - Year-over-year growth 2021-2026 (%)
    • 6.5 Squash equipment - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Squash equipment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Squash equipment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Squash equipment - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Squash equipment - Year-over-year growth 2021-2026 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 56: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 57: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 58: Chart on Geographic comparison
      • Exhibit 59: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2021-2026
      • Exhibit 60: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 61: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 62: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 63: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 North America - Market size and forecast 2021-2026
      • Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 84: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 Japan - Market size and forecast 2021-2026
      • Exhibit 88: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.11 Germany - Market size and forecast 2021-2026
      • Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.12 Italy - Market size and forecast 2021-2026
      • Exhibit 96: Chart on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on Italy - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on Italy - Year-over-year growth 2021-2026 (%)
    • 8.13 India - Market size and forecast 2021-2026
      • Exhibit 100: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 8.14 Market opportunity by geography
      • Exhibit 104: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 11.3 ANTA Sports Products Ltd.
              • Exhibit 111: ANTA Sports Products Ltd. - Overview
              • Exhibit 112: ANTA Sports Products Ltd. - Business segments
              • Exhibit 113: ANTA Sports Products Ltd. - Key news
              • Exhibit 114: ANTA Sports Products Ltd. - Key offerings
              • Exhibit 115: ANTA Sports Products Ltd. - Segment focus
            • 11.4 ASICS Corp.
              • Exhibit 116: ASICS Corp. - Overview
              • Exhibit 117: ASICS Corp. - Business segments
              • Exhibit 118: ASICS Corp. - Key offerings
              • Exhibit 119: ASICS Corp. - Segment focus
            • 11.5 Authentic Brands Group LLC
              • Exhibit 120: Authentic Brands Group LLC - Overview
              • Exhibit 121: Authentic Brands Group LLC - Product / Service
              • Exhibit 122: Authentic Brands Group LLC - Key offerings
            • 11.6 Babolat VS SAS
              • Exhibit 123: Babolat VS SAS - Overview
              • Exhibit 124: Babolat VS SAS - Product / Service
              • Exhibit 125: Babolat VS SAS - Key offerings
            • 11.7 Embracer Group AB
              • Exhibit 126: Embracer Group AB - Overview
              • Exhibit 127: Embracer Group AB - Business segments
              • Exhibit 128: Embracer Group AB - Key offerings
              • Exhibit 129: Embracer Group AB - Segment focus
            • 11.8 HEAD Sport GmbH
              • Exhibit 130: HEAD Sport GmbH - Overview
              • Exhibit 131: HEAD Sport GmbH - Product / Service
              • Exhibit 132: HEAD Sport GmbH - Key offerings
            • 11.9 Li Ning Co. Ltd.
              • Exhibit 133: Li Ning Co. Ltd. - Overview
              • Exhibit 134: Li Ning Co. Ltd. - Key offerings
            • 11.10 Maus Freres SA
              • Exhibit 135: Maus Freres SA - Overview
              • Exhibit 136: Maus Freres SA - Product / Service
              • Exhibit 137: Maus Freres SA - Key offerings
            • 11.11 VICTOR RACKETS Ind. Corp.
              • Exhibit 138: VICTOR RACKETS Ind. Corp. - Overview
              • Exhibit 139: VICTOR RACKETS Ind. Corp. - Product / Service
              • Exhibit 140: VICTOR RACKETS Ind. Corp. - Key offerings
            • 11.12 Yonex Co. Ltd.
              • Exhibit 141: Yonex Co. Ltd. - Overview
              • Exhibit 142: Yonex Co. Ltd. - Business segments
              • Exhibit 143: Yonex Co. Ltd. - Key offerings
              • Exhibit 144: Yonex Co. Ltd. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 145: Inclusions checklist
                • Exhibit 146: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 147: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 148: Research methodology
                • Exhibit 149: Validation techniques employed for market sizing
                • Exhibit 150: Information sources
              • 12.5 List of abbreviations
                • Exhibit 151: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Racket Sports Equipment market growth will increase by $331.48 million during 2019-2024.
              The racket sports equipment market is expected to grow at a CAGR of 2.08% during 2019-2024.
              Technavio has segmented the racket sports equipment market by product (Tennis equipment, Badminton equipment, and Squash equipment) and geographic (APAC, Europe, North America, South America, and MEA).
              are a few of the key vendors in the racket sports equipment market.
              APAC will register the highest growth rate of 37.97% among the other regions. Therefore, the racket sports equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the racket sports equipment market growth are:
              • Increase in number of tournaments
              The racket sports equipment market vendors should focus on grabbing business opportunities from the tennis equipment segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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