Technavio has been monitoring the racket sports equipment market, operating under the consumer discretionary industry. The latest report on racket sports equipment market, 2020-2024 estimates it to register an incremental growth of USD 331.48 million, at a CAGR of about 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201020005963/en/
Technavio has announced its latest market research report titled Global Racket Sports Equipment Market 2020-2024 (Graphic: Business Wire)
Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download Latest Free Sample Report on COVID-19 Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Amer Sports Corp., ASICS Corp., Authentic Brands Group LLC, Babolat Co., Dunlop International Europe Ltd., GAMMA Sports, HEAD Sport GmbH, Li Ning Co. Ltd., VICTOR RACKETS Ind. Corp. and YONEX Co. Ltd. are among some of the major market participants.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Increase in number of tournaments has been instrumental in driving the growth of the market. However, the high cost of equipment might hamper market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Racket Sports Equipment Market 2020-2024: Segmentation
Racket Sports Equipment Market is segmented as below:
-
Product
- Tennis Equipment
- Badminton Equipment
- Squash Equipment
-
Geographic Landscape
- APAC
- Europe
- North America
- South America
- MEA
Based on geographic segmentation, over 38% of the market growth originated from APAC during the forecast period. In addition, tennis equipment segment led the growth under the products. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
Racket Sports Equipment Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The racket sports equipment market report covers the following areas:
- Racket Sports Equipment Market Size
- Racket Sports Equipment Market Trends
- Racket Sports Equipment Market Industry Analysis
This study identifies the increase in the number of racket sports courts worldwide as one of the prime reasons driving the Racket Sports Equipment Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Racket Sports Equipment Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist racket sports equipment market growth during the next five years
- Estimation of the racket sports equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the racket sports equipment market
- 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
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Tennis equipment - Market size and forecast 2019-2024
- Badminton equipment - Market size and forecast 2019-2024
- Squash equipment - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Impact of COVID-19 pandemic on the market
- Key leading countries
- Market opportunity by geography
- Volume drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Amer Sports Corp.
- ASICS Corp.
- Authentic Brands Group LLC
- Babolat Co.
- Dunlop International Europe Ltd.
- GAMMA Sports
- HEAD Sport GmbH
- Li Ning Co. Ltd.
- VICTOR RACKETS Ind. Corp.
- YONEX Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201020005963/en/
Contacts:
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
