Racket Sports Equipment Market Size (2024 - 2029)

The racket sports equipment market is experiencing growth driven by increased consumer interest in sports and fitness activities, with a notable rise in participation in sports like tennis, badminton, and table tennis, particularly in North America and Europe. Government initiatives to promote racket sports and the demand for innovative, lightweight equipment are further contributing to the market's expansion. However, the growing popularity of e-sports presents a potential challenge to the market's growth trajectory.

Home Market Analysis Consumer Goods and Services Research Sports and Fitness Research Sports Equipment and Apparel Research Racket Sports Equipment Research Squash Equipment Market Market Size

Market Size of Racket Sports Equipment Industry

Racket Sports Equipment Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 2.64 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Racket Sports Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Racket Sports Equipment Market Analysis

The racket sports equipment market is expected to register a CAGR of 2.64% over the next five years.

  • The region is experiencing a surge in interest in sports and fitness activities among consumers, with global sports players promoting sports like tennis, badminton, and others worldwide. As a result, participation in sports and leisure activities is on the rise. 
  • The popularity of sports like table tennis, lawn tennis, and badminton is gaining traction in regions like North America and Europe, leading to an increased demand for sports equipment in these areas. Governments of different countries are also taking initiatives to promote racket sports by launching new schemes worldwide. For instance, in December 2022, India's Sports Minister, Mr. Anurag Thakur, launched the Khelo India Dashboard, which provides comprehensive information on sports, their venues, schemes, and famous coaches.
  • Furthermore, sports such as table tennis are gaining popularity due to their fast-paced style and techniques. As parents exhibit interest in racket sports, children are also inclined to join sports clubs and teams. Consequently, the number of sports clubs is increasing. 
  • Additionally, international players are demanding lightweight and more efficient equipment that is easy to handle during gameplay. Market players are innovating and launching new products with advanced technologies and comfort to cater to this demand. For example, Yonex Co. Ltd. launched new Power Cushion Aerus Z badminton shoes in October 2022, which are lightweight and provide agile footwork to all players.
  • Despite the growing demand for sports equipment, the increasing popularity of e-sports might pose a challenge to the market's growth. The number of shares to be granted, the price at which the shares may be acquired, and the vesting conditions are often outlined in this section.

Racket Sports Equipment Industry Segmentation

Racket sports are sports that involve hitting a ball or shuttlecock with a racket. Some examples of racket sports include tennis, badminton, squash, table tennis, racquetball, and pickleball. In these sports, players use rackets to hit a ball or shuttlecock back and forth across a net or a designated playing area. These sports can be played individually or in doubles and are popular around the world.

The racket sports equipment market is segmented by product into rackets, balls, eyewear, racket bags, shoes, and accessories. By sport, the market is segmented as equipment dedicatedly used in lawn tennis, table tennis, badminton, and squash. Based on the distribution channel, the market is classified into supermarkets/hypermarkets, specialty stores, online stores, and other distribution channels. The market is also segmented by geography into North America, Europe, Asia Pacific, South America, and the Middle East and Africa regions. 

For each segment, the market sizing and forecast have been done based on the value (in USD million).

Product
Rackets
Balls
Eyewear
Racket bags
Shoes
Accessories
Sport
Lawn Tennis
Table Tennis
Badminton
Squash
Distribution Channel
Supermarkets/Hypermarkets
Specialty Stores
Online Stores
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Gremany
France
Spain
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Need A Different Region Or Segment?
Customize Now

Racket Sports Equipment Market Size Summary

The racket sports equipment market is experiencing a steady growth trajectory, driven by increasing consumer interest in sports and fitness activities globally. This surge is largely attributed to the promotion of sports like tennis, badminton, and table tennis by international sports players and government initiatives. Regions such as North America and Europe are witnessing a rise in participation, leading to heightened demand for sports equipment. The market is characterized by innovation, with companies like Yonex Co. Ltd. introducing advanced products that cater to the needs of players seeking lightweight and efficient equipment. Despite the positive growth outlook, the market faces challenges from the rising popularity of e-sports, which could potentially impact the demand for traditional sports equipment.

The market landscape is highly competitive, with both regional and global players such as Amer Sports, Yonex Co., Ltd., Gamma Sports, Asics Pte Ltd., and Tecnifibre vying for market share. These companies are focusing on expansion and new product development, often incorporating sustainable practices in their manufacturing processes. The North American market, in particular, benefits from a strong consumer base with high purchasing power, facilitating access to a wide range of racket sports equipment. The introduction of specialized products, such as premium eyewear for tennis players by Christopher Cloos, further underscores the market's commitment to enhancing the sports experience. Overall, the racket sports equipment market is poised for continued growth, supported by innovation and a growing consumer base.

Explore More

Racket Sports Equipment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product

      1. 2.1.1 Rackets

      2. 2.1.2 Balls

      3. 2.1.3 Eyewear

      4. 2.1.4 Racket bags

      5. 2.1.5 Shoes

      6. 2.1.6 Accessories

    2. 2.2 Sport

      1. 2.2.1 Lawn Tennis

      2. 2.2.2 Table Tennis

      3. 2.2.3 Badminton

      4. 2.2.4 Squash

    3. 2.3 Distribution Channel

      1. 2.3.1 Supermarkets/Hypermarkets

      2. 2.3.2 Specialty Stores

      3. 2.3.3 Online Stores

      4. 2.3.4 Other Distribution Channels

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

        4. 2.4.1.4 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 Gremany

        3. 2.4.2.3 France

        4. 2.4.2.4 Spain

        5. 2.4.2.5 Italy

        6. 2.4.2.6 Russia

        7. 2.4.2.7 Rest of Europe

      3. 2.4.3 Asia Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 Rest of Asia Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle East & Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of the Middle East & Africa

Racket Sports Equipment Market Size FAQs

The Racket Sports Equipment Market is projected to register a CAGR of 2.64% during the forecast period (2024-2029)

Amer Sports, Yonex Co., Ltd., Gamma Sports, Asics Pte Ltd. and Tecnifibre are the major companies operating in the Racket Sports Equipment Market.

Racket Sports Equipment Market Report Snapshots

Racket Sports Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)