Racket Sports Equipment Market to Reach $272.40 Mn, Globally, by 2031 at 4.3% CAGR: Allied Market Research

Growing popularity of table tennis and increase in participation in the game globally, rise in awareness about fitness, sports activities and exercise among people due to rise in sports education and sports training in academics, and rise in sport initiatives by governments in emerging economies drive the growth of the global racket sports equipment market.

PORTLAND, Ore. , Aug. 22, 2022 /PRNewswire/ — Allied Market Research published a report, titled, Racket sports equipment Market by Product Type (Rackets, Balls, Eyewares, Racket Bags, Accessories), by End User (Men, Women, Kids), by Application (Badminton, Racquetball, Squash, Tennis), by Distribution Channel (Hypermarket, Specialty Stores, E-Commerce, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031.” According to the report, the global racket sports equipment industry generated $176.80 million in 2021, and is estimated to reach $272.40 million by 2031, witnessing a CAGR of 4.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Drivers and Opportunities

Growing popularity of table tennis and increase in participation in the game globally, rise in awareness about fitness, sports activities and exercise among people due to rise in sports education and sports training in academics, and rise in sport initiatives by governments in emerging economies drive the growth of the global racket sports equipment market. However, growing penetration of the internet, smartphones, computers and other electronic media & entertainment devices which lead to an increase in involvement of youth towards indoor activities hamper the market growth. On the other hand, entry of big brands in markets where there is lack of availability of sports facilities and products, setting up of sports facilities, sports centers and play grounds by key players, donation of sports equipment, building sports facilities, conducting free of cost

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Carlos Alcaraz leads exciting new tennis generation

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Carlos Alcaraz of Spain reacts to winning the U.S. Open men’s title with a 6-4, 2-6, 7-6 (1), 6-3 victory over Casper Ruud of Norway. Alcaraz moved up to No. 1 in the world with the win.

AP

No need to worry, tennis fans. The future of the sport is in exceptional hands.

The 2022 U.S. Open started with a much-deserved, star-studded farewell to legend Serena Williams, who showed up to her goodbye party dressed as only she can – in a glittery figure skating-inspired tennis dress and custom sneakers emblazoned with 400 hand-set diamonds with the words “Queen” and “Mama” embroidered on solid gold shoelace tags.

Williams’ three matches drew 80,000 spectators as everyone wanted to get a final look at one of the greatest athletes of all time. There was a sense of sadness when she walked off the court for almost certainly the last time after a third-round loss to Ajla Tomljanovic.

But by the final weekend of the tournament, 19-year-old Spanish phenom Carlos Alcaraz had cemented his place as “The Next Big Thing” in tennis, and it was abundantly clear that there will be a handful of exciting players to watch after Serena, Roger Federer, Rafa Nadal and Novak Djokovic are gone.

Time will tell whether the new generation will dominate as those four did – 20 of the past 23 men’s major titles were won by Federer, Nadal and Djokovic – but it should be a fun ride.

The electrifying Alcaraz, a “generational talent” in the words of John McEnroe, on Monday became the youngest world No. 1 since the ATP rankings were created nearly 50 years ago. He possesses a rare blend of power, speed, finesse, variety and composure that belie his youth. His point construction is superb, his drop shots daring

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