Global Badminton Equipment And Facilities Market Size By Product Type (Badminton Racquets, Shuttlecocks, Badminton Shoes), By Application (Specialty and Sports Stores, Department and Discount Stores), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Badminton Equipment And Facilities Market Size By Product Type (Badminton Racquets, Shuttlecocks, Badminton Shoes), By Application (Specialty and Sports Stores, Department and Discount Stores), By Geographic Scope And Forecast
Badminton Equipment And Facilities Market Size And Forecast
Badminton Equipment And Facilities Market size was valued at USD 3.1 Billion in 2024 and is projected to reach USD 6.4 Billion by 2031, growing at a CAGR of 7.6% during the forecast period 2024-2031.
Demand for premium badminton racquets is increasing exponentially. Countries are projected to drive the Badminton Equipment And Facilities Market in the near future. The Global Badminton Equipment And Facilities Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Badminton Equipment And Facilities Market Definition
To play badminton, players will need a net, a shuttlecock, and at least two rackets. The net crosses the center of the badminton court. Badminton is played extensively across the Asia Pacific and Europe. The increasing popularity of badminton can be attributed to the increase in the number of sports clubs and badminton competitions across the globe. Also, increasing interest in badminton among children aged between 5-10 years, has led to rising in the number of badminton coaching centers in schools. Rising usage of lightweight resources through the application of nanomaterial in badminton equipment is a recent trend.
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Global Badminton Equipment And Facilities Market Overview
Continuous increase in the number of badminton leagues at the regional, national, and district levels across the globe has created immense opportunities for manufacturers & distributors of badminton equipment. The Asia Pacific is anticipated to be the fastest-growing region for the Badminton Equipment And Facilities Market as the demand for premium badminton racquets is rising exponentially. Countries such as China, India, Malaysia, and Indonesia are projected to drive the Badminton Equipment And Facilities Market in the near future.
The rise in the sale of badminton equipment and accessories through online channels is projected to offer significant opportunities to the Badminton Equipment And Facilities Market. Furthermore, the evolution of the e-commerce industry has generated good opportunities for producers & suppliers in the global Badminton Equipment And Facilities Market. Manufacturers & distributors of badminton equipment are focusing on selling their products on e-commerce websites in order to cater to end-users across the world.
To understand the growth of the market it is important to analyze the several drivers present in the market. It provides data by revenue & volume of different regions and their respective manufacturers. This data will elaborate on the market share occupied by them, predict their revenue concerning strategies, and how they will grow in the future. After explaining the drivers, the report further evaluates the new opportunities and current trends in the market. Market restraints are factors hampering the market growth. Studying these factors is equally pivotal as they help a reader need understand the weaknesses of the market.
Global Badminton Equipment And Facilities Market Segmentation Analysis
The Global Badminton Equipment And Facilities Market is segmented on the basis of Product Type, Application, and Geography.
Badminton Equipment And Facilities Market, By Product Type
- Badminton Racquets
- Shuttlecocks
- Badminton Shoes
- Others
Based on Product Type, the market is bifurcated into Badminton Racquets, Shuttlecocks, Badminton Shoes, Others.
Badminton Equipment And Facilities Market, By Application
- Specialty and Sports Stores
- Department and Discount Stores
- Online Retail
Based on Application, the market is bifurcated into Specialty and Sports Stores, Department and Discount Stores, and Online Retail.
Badminton Equipment And Facilities Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the Global Badminton Equipment And Facilities Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to hold the largest market share in the forecast period. The attendance of significant players such as Microsoft and Google will boost the market growth with the help of incorporating technological advancements in the product portfolio. Increased disbursements of enterprises in Research and Development would expand the market growth across the region.
Key Players
The “Global Badminton Equipment And Facilities Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Ashaway, Babolat, Li-Ning, YONEX, ASICS, Pointfore, Tecnifibre, VICTOR, RSL, GOSEN, and KAWASAK. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Ashaway, Babolat, Li-Ning, YONEX, ASICS, Pointfore, Tecnifibre, VICTOR, RSL, GOSEN, KAWASAK. |
Segments Covered |
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Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
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