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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Esports Industry to Reach $4.75 Bn, Globally, by 2030 at 17.5% CAGR: Allied Market Research

PORTLAND, Ore., Jan. 25, 2022 /PRNewswire/ — Allied Sector Exploration revealed a report, titled, “Esports market by Application (Platform, and Assistance), Streaming Form (Stay, and On-demand from customers), Product Style (Intelligent Mobile phone, Sensible Tv set, Desktop-Laptop computer-Tablets, Gaming Console), and Profits Stream (Media Legal rights, Match Publisher Cost, Sponsorship, Digital Ad, Tickets, and Items): International Chance Examination and Industry Forecast, 2020-2030“. In accordance to the report, the world-wide Esports industry garnered $.94 billion in 2020, and is envisioned to generate $4.75 billion by 2030, witnessing a CAGR of 17.5% from 2021 to 2030.

Motorists, restraints, and opportunities

Rising inclination toward movie games and increase in recognition of e-sports activities party drive the growth of the global Esports market. On the other hand, lack of standardization in on line gaming celebration and on-line threats these types of as gambling impede the expansion to some extent. Nevertheless, rise in number of tournaments & gatherings and with extended term financial investment options have been effective for the sector expansion.

Download Sample Report (Get Total Insights in PDF – 265 Web pages) at: https://www.alliedmarketresearch.com/ask for-sample/14579

Covid-19 Scenario

  • The outbreak of the pandemic impacted the implementation of Esports, particularly through the original phase.
  • Nonetheless, rise in desire for interactive virtual and on the net gaming is expected to aid the current market recoup shortly.

Get comprehensive COVID-19 influence assessment on the Esports field: https://www.alliedmarketresearch.com/ask for-for-customization/14579

The system section to maintain its lion’s share

On the foundation of element, the platform segment accounted for the optimum marketplace share in 2020, building extra than two-thirds of the international Esports industry. This is owing to surge in adoption of Esports among the creating as very well as designed nations around the world to get strategic as perfectly as aggressive edge in excess of their

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Allied Esports Entertainment (NASDAQ:AESE) Stock Rating Upgraded by Zacks Investment Research

Allied Esports Amusement (NASDAQ:AESE) was upgraded by Zacks Financial investment Exploration from a “keep” score to a “invest in” ranking in a investigate report issued to consumers and traders on Tuesday, Zacks.com reviews. The brokerage presently has a $2.00 price tag goal on the inventory. Zacks Expenditure Research’s cost aim would indicate a opportunity upside of 14.29% from the firm’s present-day price.

According to Zacks, “Allied Esports Amusement Inc. is a premier esports entertainment enterprise. Allied Esports Entertainment Inc., formerly regarded as Black Ridge Acquisition Corp., is centered in CA, United States. “

NASDAQ:AESE traded down $.07 on Tuesday, hitting $1.75. The stock experienced a investing volume of 3,060 shares, in comparison to its average quantity of 2,312,172. Allied Esports Entertainment has a 1 calendar year low of $1.34 and a 1 12 months superior of $4.31. The firm’s fifty day uncomplicated moving ordinary is $1.89 and its two-hundred working day simple transferring regular is $2.01.

Allied Esports Enjoyment (NASDAQ:AESE) previous posted its quarterly earnings information on Monday, November 22nd. The business described ($.18) EPS for the quarter, lacking the Thomson Reuters’ consensus estimate of ($.12) by ($.06). Allied Esports Amusement had a web margin of 1,245.52% and a destructive return on equity of 63.29%. During the similar quarter in the preceding yr, the enterprise posted ($.22) earnings for every share. As a team, sell-side analysts forecast that Allied Esports Enjoyment will put up -.4 earnings for each share for the latest calendar year.

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In related information, Director Adam J. Pliska bought 106,143 shares of the firm’s stock in a transaction that occurred on Thursday, November 4th. The shares were marketed at an common selling

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