Racket Sports Equipment Market Size to Grow by USD 469.78 million, Increase in Number of Racket Sports Courts Worldwide to Boost Growth

NEW YORK, Sept. 26, 2022 /PRNewswire/ — The racket sports equipment market size is expected to grow by USD 469.78 million from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 2.78% during the forecast period, according to Technavio. The increase in the number of racket sports courts worldwide is driving the racket sports equipment market growth. However, factors such as the increase in the number of tournaments may challenge the market growth.

Technavio has announced its latest market research report titled Global Racket Sports Equipment Market 2022-2026

Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format

Racket Sports Equipment Market 2022-2026: Scope

The racket sports equipment market report covers the following areas:

Racket Sports Equipment Market 2022-2026: Drivers and Challenges

The increase in the number of racket sports courts worldwide is driving the growth of the market. With the support of WSF to enhance the reach and popularity of the sport, the number of squash courts has increased. For example, CourtTech builds squash courts that are tested and certified by WSF.

The increase in the number of tournaments is challenging the market growth. Revenue can be generated by putting a price premium on games through Android App store or Apple Store or by providing these games for free. These factors can negatively affect the participation rates of individuals in outdoor sports such as racket sports.

Racket Sports Equipment Market 2022-2026: Segmentation

  • Distribution Channel

  • Product

  • Geography

This report provides a full list of key vendors, their strategies, and latest developments. Request a FREE PDF Sample Now

Racket Sports Equipment Market 2022-2026: Revenue-generating Distribution Channel Segment

The offline segment will be the biggest contributor to market

Read More

Phoenix Suns and Mercury owner Robert Sarver suspended by NBA for a single 12 months, fined $10 million

The NBA on Tuesday introduced a one-yr suspension and $10 million good of Phoenix Suns and Mercury operator Robert Sarver adhering to a lengthy impartial investigation into office misconduct allegations.

Sarver will operate with the NBA to appoint an interim governor to oversee the Suns in his absence, ESPN’s Baxter Holmes stories.

The league launched the investigation into Sarver adhering to a November 2021 article published by Holmes, whose interviews with a lot more than 70 latest and former Suns personnel disclosed a background of alleged “racially insensitive language,” “misogynistic” conduct and other hostile workplace misconduct.

The regulation firm of Wachtell, Lipton, Rosen and Katz was commissioned to perform the investigation. Led by associates David Anders and Sarah Eddy, the investigation showcased 320 interviews and the evaluation of far more than 80,000 “documents and other resources, including email messages, text messages and videos.” The firm’s results formulated a 43-site report that was built community in coordination with the NBA’s information launch.

The investigation revealed the subsequent critical conclusions, as laid out in the report:

  • Sarver mentioned the N-term at least five moments in repeating or purporting to repeat what a Black particular person said — 4 of individuals immediately after currently being advised by Black and white subordinates that he really should not use the term, even in repetition of a different.

  • Sarver utilised language and engaged in carry out demeaning of feminine staff members. Among the other illustrations, he advised a pregnant employee that she would be not able to do her task on getting to be a mother berated a feminine personnel in entrance of other individuals and then commented that gals cry too a great deal and arranged an all-feminine lunch so that woman staff members at Western Alliance Bank, the place at the time he

Read More

6.2 Million U.S. Children Suffered Traumatic Brain Injuries From Sports Equipment From 2000 To 2019, With A Higher Increase Among Girls, Study Finds

Topline

Traumatic brain injuries related to consumer products – mainly sports equipment – accounted for 12.3% of all consumer product-related children’s emergency room visits reported in the U.S. in 2019, a dramatic increase from 4.5% in 2000, according to a study published Thursday in the American Journal of Preventive Medicine, with incidence rates declining for boys since 2012, but not among girls.

Key Facts

The number of traumatic brain injuries from consumer products among children aged 5 to 18 that were treated in emergency departments increased by 3.6% from 2000 to 2008, followed by a 13.3% jump from 2008 to 2012 and a 2% drop between 2012 to 2019.

While boys had the highest incident rate of equipment-related traumatic brain injuries treated in 2019–681 per 100,000 vs. 376 per 100,000 for girls–girls have had a higher average annual increase in cases over the study span (5.1% vs. 2.8% for boys), and cases have declined 2.7% for boys since 2012 while among girls they’ve risen another 0.7% since 2011.

Some 27% of consumer product-related traumatic brain injuries that led to emergency department visits by children aged 5 to 18 from 2000 to 2019 occurred in sports and recreation areas, followed by at home (24%), schools (19.9%), and streets and highways (4.5%), according to the study.

Overall, football was the most common activity during which consumer-product-related brain injuries that led to emergency department visits occurred, with 734,967 reported cases, followed by bicycling (469,285) and basketball (396,613), researchers found.

Boys aged 11 to 13 made up the highest incidence rate (734 cases per 100,000 people), followed by boys ages

Read More

G2 Esports sues NFT organisation for $5.25 million

G2 Esports has submitted a lawsuit from Bondly, a blockchain enterprise, in the LA County Superior Courts (for every The Washington Submit). The esports organisation had entered into a two-12 months settlement with Bondly in June 2021, as aspect of which Bondly was meant to develop and promote official G2 NFTs. A different portion of it was having to pay G2 Esports an once-a-year legal rights price of $2 million on prime of an advance of $1.25 million, funds that Bondly was supposed to make back again by NFT gross sales.

Very well, in news that will surprise no followers of NFT drama, the cash did not materialise. G2 Esports’ lawsuit says that soon after the first invoice was sent, a Bondly representative claimed the company could not in reality “successfully supply a NFT software.” Bondly allegedly desired to set the arrangement on hold, but this was adhering to the public announcement of the deal and G2 rejected that: immediately after which Bondly sought to terminate the agreement, relatively openly blaming G2 for becoming unwilling to get the job done in direction of a answer.

G2’s suit alleges that Bondly realized it could under no circumstances provide when it signed the contract, which is a critical no-no. “Bondly and its brokers understood that their representations were bogus when they manufactured them, or designed the representations recklessly and without having regard to their truth of the matter. They understood they could not accomplish, but cunningly waited right until G2 had publicly introduced its partnership with Bondly to its millions of followers to enjoy the positive aspects of publicity by the remarkably beneficial G2 brand name.”

G2 is trying to get damages of $5.25 million.

All one-way links to the Bondly NFT undertaking are now useless, although social posts this kind of

Read More

Rock Climbing Equipment Market to register a growth of USD 582.89 million at a CAGR of 5.63%| Amer Sports Corp. and CAMP USA Inc. are the Key Vendors| Technavio

Key vendors insights

The rock climbing equipment market is fragmented, and the vendors are deploying various organic and inorganic strategies to compete in the market. The rock climbing equipment market is dominated by a few well-established players, such as Amer Sports Corp., and CAMP USA Inc. Therefore, to survive and succeed in a stiff competitive environment, it becomes imperative for vendors in the market to differentiate their product and service offerings through a clear and unique value proposition.

Some of the key market vendors are:

  • Amer Sports Corp.
  • Black Diamond Equipment Ltd.
  • CAMP USA Inc.
  • DMM International
  • Gipfel Climbing Equipment
  • Great Trango Holdings Inc.
  • Mammut Sports Group AG
  • Metolius Climbing
  • Outdoorplay Inc
  • PETZL Distribution

Product News and Vendor insights

  • Amer Sports Corp. – The company offers advanced sports equipment, footwear, apparel and accessories which improve performances and increase the enjoyment of sports and outdoor activities.
  • CAMP USA Inc. – The company manufactures equipment for sport climbing, trad climbing, ice climbing, mountaineering, and alpinism.

For more detailed highlights on products offerings and the growth strategies adopted by the vendors, Download free sample report

Parent Market Outlook

The rock climbing equipment market will be driven by factors such as awareness about the health benefits of rock climbing. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the rock climbing equipment market during the forecast period.

Rock Climbing Equipment market trend

  • Easy internet access and online reviews

The arrival of online reviews and easy internet access is one of the key trends driving the rock climbing equipment market share growth. The demand for adventure tourism has been increased significantly due to the development of online retailing, web portals, and internet affordability. Moreover, the users are able

Read More

The Wearable Current market Will See 344.9 Million Shipments in 2022 With Sports, Health and fitness, and Wellness Trackers Leading the Way

5G wearable devices and add-ons will enter the marketplace by 2023, even though connect charges to keep on being very low until eventually 2026

NEW YORK, Jan. 27, 2022 /PRNewswire/ — For the duration of the COVID-19 pandemic, wearables became a device for tracking, checking, and combating the spread of the ailment through the earth. According to a latest study from global engineering intelligence business ABI Study, the quantity of wearables delivered around the globe in 2020 enhanced to 259.63 million, with sports activities, conditioning, and wellness trackers accounting for 112.15 million and Smartwatches 74.30 million. Now, because of to the escalating quantity of use circumstances and enhanced functions, the upward craze is predicted to carry on. In 2021, 304.69 million wearables delivered globally. In 2022, the wearable sector is projected to attain 344.9 million of shipments around the world, a expansion increase of 13.2%.

ABI 2021 Emblem (PRNewsfoto/ABI Study)

“Whilst the wearables sector has witnessed robust progress so, far too, has mobile extras, the place need for wireless headsets has risen dramatically in the previous calendar year. This maximize has been pushed by the growing availability of additional trendy, characteristic packed and technically capable units, notably the use of genuine wireless, on the marketplace and, once once again, the pandemic’s effects on consumer behaviour and life style,” states Filomena Iovino, 5G Equipment, Smartphones, and Wearables Study Analyst at ABI Investigation.

Wireless headset shipments achieved 502.7 million at the end of 2021 and are envisioned to exceed 700 million units in 2026, with a CAGR of 7.6%, and primary the sensible accessory market. Options these as sounds cancellation technologies will boost the person knowledge and present a more in depth array of potential use conditions. “Additionally, as voice handle results in being the dominant user interface for

Read More