Enjoy complimentary customisation on priority with our Enterprise License!
The squash equipment market share is expected to increase by USD 75.2 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 2.14%. The market expansion is driven by several key factors. Primarily, the establishment of both domestic and international leagues significantly boosts market growth. These leagues increase the visibility and popularity of squash, leading to a surge in demand for equipment. Moreover, the proliferation of squash courts in educational institutions contributes to market expansion. By integrating squash into schools and colleges, a new generation of players is cultivated, ensuring a steady supply of potential customers. Organized retailing also plays a pivotal role in the growth of the Squash Equipment Market. With the rise of specialized sports stores and e-commerce platforms, squash equipment is more accessible than ever before. This increased accessibility broadens the market reach and attracts a larger customer base.
The market report also offers information on several market companies, including ABG Prince LLC, Amer Sports Corp., Ashaway Line, Twine Mfg Co, ASICS Corp., Authentic Brands Group LLC, Black Knight, Decathlon SA, Dunlop International Europe Ltd, Eye Rackets International BV, Freewill Infrastructures Pvt. Ltd, Grays of Cambridge Ltd, Harrow Sports, HEAD Sport GmbH, Karakal Worldwide Ltd, Maus Freres SA, OLIVER Sport and Squash GmbH, Prokennex, Salming Sports AB, Solinco Sports, and Spinway International Pvt Ltd among others.
Download Report Sample to Unlock the Squash Equipment Market Size for the Forecast Period and Other Important Statistics
The market is witnessing a surge driven by increasing health consciousness and demand for organic products. Rackets, balls, and shoes are evolving with advanced materials like aluminum and graphite, enhancing performance in cardio workouts and promoting cardiovascular health. Players benefit from improved core strength, flexibility, back strength, hand-eye coordination, and agility. Maintaining a healthy weight is pivotal, supported by innovations in product pricing strategies and consumer buying behavior. External factors such as political and social scenarios, along with macroeconomic analyses, shape market dynamics, while historical phases provide insights into market evolution and trends. This environment fosters investment opportunities in commercial development and emphasizes the importance of sustainability and innovation in sports equipment.
The introduction of various national and international leagues is one of the key drivers supporting the advanced authentication market growth. The number of squash tournaments held across the world has increased significantly, with participation rates of regular players rising in the last couple of years. Squash associations such as the PSA, along with many country-specific associations, are introducing various national and international leagues. These associations are also spending more to support basic-level squash tournaments to encourage higher participation.
Moreover, the increase in competition and tournament numbers is directly proportional to the rise in demand for squash equipment, as also frequent replacements of old rackets with new ones, which is propelling the growth of the market. The PSA organizes more than 200 squash tournaments across the world every year and has over 900 registered players under its aegis. Apart from standard squash competitions such as the World Squash Championships and the China Squash Challenge Cup, numerous squash competitions and tournaments are being held on a worldwide scale. The market can avail of greater opportunities from such developments, while consumer interest in the sport also gets stimulated. Some of the popular squash tournaments include the WSF World Cup and the WSF World Championship. Therefore, the presence of these national and international leagues will drive market growth during the forecast period.
The use of eco-friendly raw materials is one of the key advanced authentication market trends. The use of eco-friendly raw materials in the market is trending, which is a positive sign. Consumers have become more responsible and aware of how their consumption habits affect the environment. Therefore, the market is seeing a growing demand for eco-friendly squash equipment such as balls, rackets, strings, and other paraphernalia associated with the game. Water-based adhesives and organic and recycled plastic materials are replacing synthetic rubber, traditional leather, nylon, polyurethane, and other synthetic materials in the production of squash equipment.
Furthermore, newly developed and advanced non-toxic materials such as thermoplastic elastomer are increasingly used by key companies to manufacture eco-friendly equipment for the game. Many squash associations and federations have also stepped forward to project themselves as eco-operators (organizations involved in environment improvement). For instance, Finland-based Amer Sports makes rackets using 15%-20% lesser chemicals than traditional rackets. The company is moving a step forward by manufacturing 30% of all its squash balls with recyclable materials. Hence, the increasing use of eco-friendly raw materials by manufacturers will likely help the growth of the market during the forecast period.
Fluctuations in the cost of raw materials are one of the factors hindering the advanced authentication market growth. Increasing variations and the rising cost of raw materials due to existing trade policies of different countries increase the import and export costs of raw materials. Due to an increase in oil and gas prices owing to the Russia-Ukraine war, the prices of many raw materials have increased. For instance, raw butyl rubber used to make squash rubber requires natural rubber; petroleum-based synthetic rubber prices increase when crude oil prices increase. Similarly, squash rackets are made of aluminum; aluminum prices witnessed a sharp increase of 18% in March 2022 compared with the end of January 2022 due to the Russia-Ukraine war.
Moreover, the contribution of Russia to the global trade of aluminum is about 12%, with exports mainly from Europe. Therefore, higher raw material costs are operational impediments for manufacturers as they have a spillover effect throughout the network of distribution channels, with the brunt being borne by end consumers. Rises in raw material prices have an adverse impact on the production costs of squash equipment, which go on to affect the pricing strategy of marketers. Differentiation in raw materials used to make squash equipment, especially premium squash products, also negatively affects the earnings, operating margins, and cash flow of leading companies as their profit margins get eaten away. These factors can restrict the flow of investments in other productive activities or marketing and promotional campaigns, thereby challenging the prospects of companies operating in the market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market companies, including:
This statistical study of the market encompasses successful business strategies deployed by the key companies. The market is fragmented and the companies are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the market, which companies can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help companies drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
43% of the market’s growth will originate from Europe during the forecast period. The UK, Germany, and France are the key markets for market in Europe. Market growth in this region will be faster than the growth of the market in other regions.
Innovations in squash equipment and string technology by key competitors in Europe are enabling players to improve their performance which will further facilitate the market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for companies, which will assist in creating efficient business plans.
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 squash equipment through mono-brand stores is increasing, as the rich look and feel of these stores tend to attract many customers. companies are focusing on opening new stores to increase their reach and sustain in the competitive environment.
You may also interested in below market reports:
The market is witnessing a significant growth driven by factors like health consciousness, cardiovascular diseases awareness, and the increasing popularity of recreational sport activities. Sports clothing tailored for squash enthusiasts enhances flexibility, agility, and hand-eye coordination during intense cardio workouts. Graphite, known for its lightweight and durability, dominates squash racquet construction, supporting core strength and endurance during gameplay. Innovations in product design cater to diverse consumer needs, from beginners to professionals, ensuring equipment promotes healthy weight management and mood enhancement through engaging gameplay. Online retail platforms facilitate easy access to a wide range of squash gear, while commercial developments in squash facilities and clubs expand the sport's reach.
Consumer buying behavior is influenced by product pricing strategies amidst varying political, social, and macroeconomic scenarios. Internal factors like investment opportunities in sports infrastructure and external factors such as historical phases of squash's evolution shape market dynamics. The market landscape depends on the Cardio workout, Back strength, Recreational sport activity, Product innovations, Youngsters, Commercial development, Political scenarios, Social scenarios, Macroeconomic analysis, and Historical phase. Squash equipment manufacturers capitalize on these trends, aligning product offerings with the expenditure capacities of younger demographics. As the market forecasts growth, ongoing innovations in squash equipment continue to attract new participants, contributing to the sport's global appeal and sustainability.
Market Scope |
|
Report Coverage |
Details |
Page number |
150 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.14% |
Market growth 2022-2026 |
USD 75.2 billion |
Market structure |
Fragmented |
YoY growth (%) |
1.67 |
Regional analysis |
Europe, North America, APAC, South America, Middle East, and Africa |
Performing market contribution |
Europe at 43% |
Key consumer countries |
US, China, UK, Germany, and France |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
ABG Prince LLC, Amer Sports Corp., Ashaway Line, and Twine Mfg Co, ASICS Corp., Authentic Brands Group LLC, Black Knight, Decathlon SA, Dunlop International Europe Ltd, Eye Rackets International BV, Freewill Infrastructures Pvt. Ltd, Grays of Cambridge Ltd, Harrow Sports, HEAD Sport GmbH, Karakal Worldwide Ltd, Maus Freres SA, OLIVER Sport and Squash GmbH, Prokennex, Salming Sports AB, Solinco Sports, and Spinway International Pvt Ltd |
Market dynamics |
Parent market analysis, market growth analysis, market research and growth, market growth and forecasting, Market forecasting, market forecast Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.