The racket sports and golf equipment market is expected to witness market growth at a rate of 4.5% in the forecast period of 2022 to 2029 and is further estimated to reach USD 24,371.9 million by 2029. Data Bridge Market Research report on racket sports and golf equipment market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the sports tourism is escalating the growth of racket sports and golf equipment market.
A racket or racquet is referred to as a sports implement comprising of a handled frame with an open hoop across which a network of strings or catgut is stretched tightly. It is utilized for striking a ball or shuttlecock in games including squash, tennis, racquetball, rackets, badminton and padel. Golf equipment encompasses the various items that are utilized to play the sport of golf. Types of equipment include the golf ball, golf clubs, and devices that aid in the sport.
Major factors that are expected to boost the growth of the racket sports and golf equipment market in the forecast period are the rise in the popularity of outdoor activities. Furthermore, the technological improvements and continual innovations is further anticipated to propel the growth of the racket sports and golf equipment market. Moreover, the growing knowledge related to the general health and fitness is further estimated to cushion the growth of the racket sports and golf equipment market.
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Global Racket Sports and Golf Equipment Market Scope and Market Size
The racket sports and golf equipment market is segmented on the basis of product, type, sport and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the racket sports and golf equipment market is segmented into rackets, balls, eyewear, racket bags, racket bags and racket bags.
- On the basis of type, the racket sports and golf equipment market is segmented into golf balls, golf clubs, golf shoes and others.
- On the basis of Sport, the racket sports and golf equipment market is segmented into lawn tennis, table tennis, badminton and squash.
Racket Sports and Golf Equipment Market Country Level Analysis
The racket sports and golf equipment market is analyzed, and market size, volume information is provided by country, product, type, sport and distribution channel as referenced above.
The countries covered in the racket sports and golf equipment market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and rest of South America as part of South America.
Competitive Landscape and Racket Sports and Golf Equipment Market Share Analysis
Some of the major players operating in the racket sports and golf equipment market are Amer Sports, Babolat, Head, Tecnifibre, Goode Sport, GAMMA Sports, ASICS Asia Pte. Ltd., Sumitomo Rubber Industries, Ltd., Li Ning (China) Sports Goods Co., Ltd., Puma SE, Adidas AG, Nike, Inc., Mizuno Corporation, YONEX Co., Ltd., and Callaway Golf among others.
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