The Latin America, Middle East and Africa Badminton Equipment And Products Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
The inclusion of major sports brands, like Adidas and Yonex, in the badminton industry is further raising the growth opportunities for the sport. This facilitates the investing of money and resources into marketing the sport around the world. Hence, badminton is attracting attention internationally owing to its marketing initiatives and partnerships. As a result, more individuals are playing the game owing to the increased publicity.
Additionally, more and more institutions and universities are promoting badminton by constructing courts and starting clubs on the premise of advancing the sport. More young people are becoming interested in badminton because of the ongoing planning of international competitions and the success of its celebrity players. All these factors aid in the expansion of the badminton equipment and products market in the coming years.
Badminton is also growing as an interesting sport in the Latin American region. Many nations have established national badminton organizations that look after the training and resource requirements of national players and empower them to represent the nation in international competitions. For example, Associacion Uruguaya de Badminton is in charge of Badminton related activities and necessities of the national players of Uruguay. Furthermore, the sport became more well-liked after the nation joined the BWF's Shuttle Time program. Hence, the efforts of the regional governments to increase the status of badminton as an important sport are the main factors that propel the development of badminton equipment and product market.
The Brazil market dominated the LAMEA Badminton Equipment And Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $86.4 Million by 2028.The Argentina market is exhibiting a CAGR of 7.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 6.7% during (2022 - 2028).
Based on Product, the market is segmented into Racquets, Shoes, Strings, Apparel, Shuttlecocks and Accessories. Based on Distribution Channel, the market is segmented into Hypermarkets/Supermarkets, Specialty & Sports Stores and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Badminton Equipment And Products Market is Predict to reach $4.6 Billion by 2028, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mizuno Corporation, ASICS Corporation, YONEX Co., Ltd., Li Ning (China) Sports Goods Co., Ltd., Babolat, Apacs Sports (M) Sdn Bhd, FELET International Holdings Sdn. Bhd., VICTOR RACKETS IND.CORP., GOSEN CO., LTD., and Yehlex (UK).
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