Racket Sports and Golf Equipment Market is further estimated to reach USD 2
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.
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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.
Europe dominates racket sports and golf equipment market due to the rise in the consumer expenditure on sports goods. Furthermore, increasing health awareness amongst the population and growing cases of obesity will further boost the growth of the racket sports and golf equipment market in the region during the forecast period.
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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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