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

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Sports activities Products and Apparel Market place Valuation Value USD 930.5 Billion by 2031, At 8.3% CAGR

PORTLAND, OR, UNITED STATES, July 18, 2022 /EINPresswire.com/ — According to a new report released by Allied Marketplace Analysis, titled, Sports Machines and Clothing Market place by Item Style, by Sporting activities Sort, by Distribution Channel: Worldwide Opportunity Assessment and Field Forecast, 2020-2031,” The lockdown throughout numerous countries and ban on global journey has disrupted the supply chain and earnings chain.

The athletics devices and clothing market place was valued at $340.6 billion in 2020, and is estimated to achieve $930.5 billion by 2031, increasing at a CAGR of 8.3% from 2022 to 2031.

Request Sample Report: https://www.alliedmarketresearch.com/request-sample/3505

Sports activities equipment are utility products or tools beneficial for participating in sports exercise. In the same way, sports clothing is useful for boosting the sporting activities effectiveness with necessary ease and comfort. Enhance in fitness consciousness amid individuals and swift increase in for each capita disposable money are envisioned to improve desire for sporting activities tools and apparels.

In addition, development of sports activities apparel amid younger sporting activities fans and enhancements in formulation of athletics devices gas the market progress. Having said that, drop in participation of the youthful era in athletics activity hampers the current market growth.

By products sort, gear segment retains optimum share of 52.8% in 2019, and it expected to sustain its dominance around the forecast period. Buyers are progressively spending far more on sportswear and its connected devices with a substantial share of the expenditure constituting of athleisure garments and components. The gear section continues to be extremely aggressive, owing to existence of lots of recognized industry gamers. The industry for tools is flourishing immensely on e-commerce, which is a well-liked retail medium today that also features customers the reward to compare all the obtainable brands of athletics gear.

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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

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USD 13.81 Bn growth in Yoga Clothing Market | adidas AG, Amer Sports Corp., and ASICS Corp. identified as dominant players

Key Market Dynamics:

  • Market Driver
  • Market Challenges

The growing number of yoga practitioners and innovations in yoga apparel leading to product premiumization are some of the key market drivers. However, factors such as unpredictable raw material prices will challenge market growth.

Buy our full report for detailed insights on key drivers, trends, and challenges.
Download Our Free Sample Before Purchasing

The yoga clothing market report is segmented by Product (Bottom wear, Top wear, and Accessories), End-user (Women and Men), and Geography (North America, Europe, APAC, South America, and MEA). North America will be the leading region with 30% of the market’s growth during the forecast period. The US is the key market for yoga clothing in North America.

View our Free Sample Report for additional highlights on the top revenue-generating segments, regions, and key countries in the yoga clothing market.

Some Companies Mentioned:

  • adidas AG
  • Amer Sports Corp.
  • ASICS Corp.
  • Hanesbrands Inc.
  • lululemon athletica Inc.
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

Related Reports:

Global Yoga Accessories Market – Globalyoga accessories market is segmented by product (yoga mats, yoga straps, yoga blocks, and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and MEA).
Download Exclusive Free Sample Report

Global Yoga Mat Market – Global yoga mat market is segmented by distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America).
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Yoga Clothing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of almost 7%

Market growth 2021-2025

USD 13.81 billion

Market structure

Fragmented

YoY growth (%)

5.86

Regional analysis

North

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