The Global Badminton Equipment And Products Market will Hit $4.6 Billion by 2028, at a CAGR of 4.9%
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Badminton Equipment And Products Market Growth, Trends and Report Highlights
According to a new report, published by KBV research, The Global Badminton Equipment And Products Market size is expected to reach $4.6 billion by 2028, rising at a market growth of 4.9% CAGR during the forecast period.
The Shoes segment is showcasing a CAGR of 5.1% during (2022 - 2028). Expanding consumer reach is greatly aided by players switching from traditional to badminton-specific shoes. Considerable product launches and manufacturer advances additionally create important prospects for segment growth. Furthermore, players who prefer to be light and alert can benefit from the quick footwork provided by the shoes specially designed for badminton.
The Hypermarkets/Supermarkets segment is leading the Global Badminton Equipment And Products Market by Distribution Channel in 2021 thereby, achieving a market value of $1.6 billion by 2028. Among the most popular distribution channels are stores that carry a variety of badminton equipment and accessory brands. Customers visiting these businesses have a large variety of brands to choose from before making a purchase. Customers prefer to buy goods from brick-and-mortar locations and independent badminton equipment retailers. Due to their quick response to the newest products on the market and support for greater sales, these stores choose to provide customers with exclusive discounts.
The Asia Pacific market dominated the Global Badminton Equipment And Products Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.9 billion by 2028.The Europe market is exhibiting a CAGR of 4.7% during (2022 - 2028). Additionally, The North America market would display a CAGR of 4.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/badminton-equipment-and-products-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
Global Badminton Equipment And Products Market Segmentation
By Product
- Racquets
- Shoes
- Strings
- Apparel
- Shuttlecocks
- Accessories
By Distribution Channel
- Hypermarkets/Supermarkets
- Specialty & Sports Stores
- Online
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- 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.
- Yehlex (UK)
Related Reports:
North America Badminton Equipment And Products Market Size, 2028
- January-2023
- 61 Pages
LAMEA Badminton Equipment And Products Market Size, 2028
- January-2023
- 70 Pages
Europe Badminton Equipment And Products Market Size, 2028
- January-2023
- 69 Pages
Asia Pacific Badminton Equipment And Products Market Size, 2028
- January-2023
- 70 Pages