Global Badminton Equipment Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 2.5 % during a forecast period.
Global Badminton Equipment Market
The badminton equipment consists of a ball of cork, racket, net and other equipment, which is used in indoor sport, outdoor sport, sports association, and others. An increase in the number of sporting events in the developed and developing countries across the globe is one of the key drivers in the global badminton equipment market.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
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The global badminton equipment market is expected to grow steadily at a XX % CAGR during the forecast period. One of the prominent factors, which are driving the growth in the market is the rising interest in badminton among children. Several schools and colleges are providing essential training for badminton to their students and encouraging them to participate in events and badminton tournaments. For instance, the American Badminton Center is driving an initiative to encourage the sport in Dallas and its suburbs. An increase in the commercialization of badminton in several countries through advertisements, promotional campaigns, and digital marketing are some of the driving factors behind the growth of the market.
An increase in the prevailing popularity of badminton tournaments like the Super Series Badminton League and the Premier Badminton League is increasing the adoption of the badminton equipment.
The evolution of the e-commerce industry has created opportunities for key players in the global badminton equipment market. An increase in the popularity of online retail platforms is expected to boost growth in the market. The online retailing is expected to increase the rapid growth during the forecast period. Quick delivery services and competitive prices are expected to increase the demand for online retailing. Also, the rise in Internet penetration and consumer base of Internet sales are expected to play a significant role in the growth of the market during the forecast period.
In the current market scenario, the nonmaterial is playing a key role in the production of badminton rackets. The nonmaterial is attracting the buyers because of its lightweight feature. The carbon fiber material is replacing the old metal, steel, and wood in different sports apparatus, which consist of the rackets. An increase in several badminton leagues at the regional, national, and district levels has created immense opportunities for key players in the market.
Global Badminton Equipment Market, Regional Analysis:
The Asia Pacific region is projected to be the leading region in the global badminton equipment market. The growth in the market is attributed to the presence of the top contributing countries like India, China, South Korea, Malaysia, and Indonesia. The developing countries have started introducing many international level tournaments is boosting the popularity of badminton in the region. The consumers tend to purchase products, which are promoted by their favorite badminton players in the region. In India, the badminton champions like Saina Nehwal and Lin Dan launch innovative products of international key players, which helps in increasing their sales revenues. Additionally, promotional strategies like discount offers and lucky draws are expected to drive growth in during the forecast period.
Global Badminton Equipment Market, Competitive Analysis:
A significant trend, which stimulates the growth prospects for the global badminton equipment market is the introduction of enhanced quality products with innovative features. Some of the key players in the market are launching new and upgraded versions of their badminton equipment like racquets, which are based on design, performance, and technology to increase profit margins and customer base. Some of the numerous smart racquets are available in the market, which helps to deliver real-time information about exercise data of every game and training. The SOTX smart racquet is one of the technologically advanced product, which gives players information about their shots.
The objective of the report is to present a comprehensive analysis of Global Badminton Equipment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Badminton Equipment Market dynamics, structure by analysing the market segments and project the Global Badminton Equipment Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Badminton Equipment Market make the report investor’s guide.
The Scope of the Report for Global Badminton Equipment Market
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Global Badminton Equipment Market, By Type
• Badminton Racquets
• Badminton Shoes
Global Badminton Equipment Market, By Distribution Channel
Multi-brand Retail Outlets
Global Badminton Equipment Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Badminton Equipment Market
• Li-Ning Co. Ltd.
• Sports Direct
• Ruby Glamour Sdn. Bhd.
• Tatt Seng Sporting Goods
• Trump Sports
• YONEX Co., Ltd.
• Amer Sports
• Dunlop Sports Group Americas
• Ruby Glamour
Global Driving Protection Gear Market
MAJOR TOC OF THE REPORT
Chapter One: Badminton Equipment Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Badminton Equipment Market Competition, by Players
Chapter Four: Global Badminton Equipment Market Size by Regions
Chapter Five: North America Badminton Equipment Revenue by Countries
Chapter Six: Europe Badminton Equipment Revenue by Countries
Chapter Seven: Asia-Pacific Badminton Equipment Revenue by Countries
Chapter Eight: South America Badminton Equipment Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Badminton Equipment by Countries
Chapter Ten: Global Badminton Equipment Market Segment by Type
Chapter Eleven: Global Badminton Equipment Market Segment by Application
Chapter Twelve: Global Badminton Equipment Market Size Forecast (2019-2026)
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