Global Racket Sports Equipment Market Size to Exceed USD 13.64 Billion by 2033: Market Statistics Report

Global Racket Sports Equipment Market Size to Exceed USD 13.64 Billion by 2033 

According to a research report published by Spherical Insights & Consulting, The Global Racket Sports Equipment Market Size is Expected to Grow from USD 10.02 Billion in 2023 to USD 13.64 Billion by 2033, at a CAGR of 3.13% during the forecast period 2023-2033.    

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Racket Sports Equipment Market Size, Share, and COVID-19 Impact Analysis, By Product (Rackets, Balls, Eyewear, Racket bags, Shoes, and Accessories), By Sport (Lawn Tennis, Table Tennis, Badminton, and Squash), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033                           

The racket sports equipment market is the international industry that engages in the production, distribution, and sale of equipment utilized in different racket sports like tennis, badminton, squash, and table tennis. This involves rackets, balls, shuttlecocks, grips, strings, shoes, and other accessories meant to optimize player performance and experience. Moreover, the market for racket sports equipment is fueled by growing participation in sports such as tennis and badminton, growing health awareness, increased popularity of professional events, and innovations in lightweight and strong materials. The growth of e-commerce, increasing disposable incomes, and government support for sports also drive the market's steady growth. However, the market for racket sports equipment is subject to constraints like the high cost of equipment, volatile raw material prices, limited availability in underdeveloped areas, competition from other fitness activities, and waning interest among young people.

The rackets segment accounted for the largest share of the global racket sports equipment market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on product, the global racket sports equipment market is divided into rackets, balls, eyewear, racket bags, shoes, and accessories. Among these, the rackets segment accounted for the largest share of the global racket sports equipment market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.  This is driven by their intrinsic function in sports such as tennis, badminton, and squash. The growing popularity of professional and amateur racket sports advances in racket technology in terms of materials, and celebrity endorsements support the dominance of this sector.

The lawn tennis segment accounted for a substantial share of the global racket sports equipment market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the sport, the global racket sports equipment market is divided into lawn tennis, table tennis, badminton, and squash. Among these, the lawn tennis segment accounted for a substantial share of the global racket sports equipment market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is because of its popularity, professional competitions such as Wimbledon and the US Open, and high demand for equipment. The popularity of the sport in schools, clubs, and international competitions also increases the sales of rackets, balls, shoes, and accessories.

Asia Pacific is projected to hold the largest share of the global racket sports equipment market over the projected period.  

Asia Pacific is projected to hold the largest share of the global racket sports equipment market over the projected period. This is attributable to high consumer demand, growing disposable incomes, and a rise in the playing of sports such as badminton, table tennis, and tennis. Markets in countries such as China, Japan, and India fuel market expansion with government support, professional leagues, and widening retail distribution networks.

North America is expected to grow at the fastest CAGR of the global racket sports equipment market during the projected period. This is led by growth in health consciousness, increased sports participation in activities such as tennis and pickleball, and growing retail visibility. The increased reach of professional events, sponsorship arrangements, and new product introductions also support the region's rapid market growth.  

Company Profiling

Major vendors in the global racket sports equipment market are Amer Sports, Yonex Co., Ltd., Head N.V., The Babolat, Tecnifibre, Li-Ning Company Limited, SRI Sports Limited, Asics Pte Ltd., Gamma Sports, Goode Sport, Christopher Cloos., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In December 2022, Yonex Co. Ltd. also introduced a fresh badminton racket series named Astrox Nextage. The Yonex Astrox Nextage features an all-new impacted frame that brings a revolutionary shot feel with power shots.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global racket sports equipment market based on the below-mentioned segments:  

Global Racket Sports Equipment Market, By Product  

• Rackets
• Balls
• Eyewear
• Racket bags
• Shoes
• Accessories

Global Racket Sports Equipment Market, By Sport

• Lawn Tennis
• Table Tennis
• Badminton
• Squash

Global Racket Sports Equipment Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa