About the Badminton Equipment Market
The global badminton equipment market is driven by a number of growth factors, one of the most important being the increase in the number of badminton tournaments being organized across the globe. The prevailing popularity of badminton tournaments like the Super Series Badminton League and the Premier Badminton League is also indicative of the fact that the market has a high growth potential for the forecast period.Badminton is the second-most popular racquet sport, preceded only by tennis. The sport is widely played across the globe and is very popular in APAC and Europe, which is the primary reason for these regions to account for the majority of the global badminton equipment market's share. Badminton also has the second-highest participation rates after football, and more than 1.1 billion viewers watched the sport when it first debuted in the 1996 Olympics.
Technavio’s analysts forecast the global badminton equipment market to grow at a CAGR of 2.32% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global badminton equipment market for 2016-2020. To calculate the market size, the report has taken into consideration the sales revenue generated by different types of badminton equipment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Badminton Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global badminton equipment market: Ashaway, Babolat, Li-Ning, Sports Direct, and YONEX.
Other Prominent Vendors in the market are: Amer Sports, ASICS, Bedini, Dunlop Sports Group Americas, PACIFIC, Pointfore, ProKennex, RUBY GLAMOUR, Tatt Seng Sporting Goods, Tecnifibre, and Trump Sports.
Commenting on the report, an analyst from Technavio’s team said: “A trend that is influencing market growth is the increased use of nanomaterials. Modern lightweight sports equipment is preferred by consumers, particularly professional athletes, as they allow for better performance due to their improved stiffness and high strength. Lightweight sports equipment provides users with more flexibility, as it is easier to control body movements with such products.”
According to the report, a key growth driver is the rising interest in badminton among children. Increasing interest in badminton among children aged 5-12 years is a major driver that is expected to propel the growth of the market over the next five years. Many schools and colleges today are providing their students with the required training for badminton, and encouraging them to participate in events and tournaments. For example, the University of Canberra Badminton Club of Australia aims to foster the club's growth by providing social play for all levels of ability, provide shuttlecocks and lend racquets along with proper coaching to its students.
Further, the report states that one challenge that could hamper market growth is the lack of adequate infrastructure to support racquet sports.
Ashaway, Babolat, Li-Ning, Sports Direct, YONEX, Amer Sports, ASICS, Bedini, Dunlop Sports Group Americas, PACIFIC, Pointfore, ProKennex, RUBY GLAMOUR, Tatt Seng Sporting Goods, Tecnifibre, Trump Sports.