Badminton Racket Market Size, Share, Growth, and Industry Analysis, By Type (Carbon and Carbon Alloy) and By Application (Men, Women and Kid) and Regional Forecast to 2032

Badminton Racket MARKET REPORT OVERVIEW

The global Badminton Racket Market size was USD 71.35 million in 2023 and the market is projected to touch USD 115.48 million by 2032, exhibiting a CAGR of 7.12% during the forecast period.

A lightweight, with a long handle  which is a sports tool is called a badminton racket and it  is used to hit a shuttlecock or ball during the sport. Usually it is made up of a complex web of intertwined strings and a frame. A racket is made for playing with the shuttlecock  in  a sport that is badminton. It is made of lightweight nylon netting stretched in an open frame with a handle attached to it.

Various athletes are promoting sports like badminton, tennis, and other games across the region, so that the region's customer base is becoming more and more interested in fitness and sports. The people are getting attracted towards new sports equipments to play. Sports and related activity involvement is increasing due to the popularity. There is a need for badminton rackets as a result of the growing popularity of  badminton. Various sectors are promoting the rackets.  The Badminton Racket Market has grown as a result of this aspect.

COVID-19 Impact: Market Growth Obstructed by Pandemic due to Lockdown

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

There was a downturn for the market but it got settles afterwards. However, there are now more prospects for market participants due to the growing emphasis on outdoor sports and home fitness activities. There was a very difficult time for the market. Apart from that, despite the difficulties the epidemic has presented, manufacturers have been able to effectively reach consumers and promote their products due to the  digital marketing methods and online shopping channels.

LATEST TRENDS

"Defense Sector to Drive Market Growth"

Combination of various technologies for developed racket maintainance and performance. There is growth in the badminton racket market as it is used for playing in matches. To accommodate different player preferences and playing styles, customization choices include grip size, racket length, and string tightness. Due to the use of eco-friendly materials and sustainable manufacturing techniques to satisfy customer demands and environmental problems there has been a growth in the market. Badminton can be played in a very small space and is a tyring sport, badminton has been gaining popularity all around the world. Their is a great demand of the racket. There are lots of benefits of this market. There is a huge  growth in this market due to the popularity of the sport.

MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Carbon and Carbon Alloy amongst which the leading segment is the Carbon .

• Carbon : Because it enables higher string tension and offers superior control, carbon fiber is a preferred material for badminton rackets.
• Carbon Alloy: Aluminum and carbon are mixed together to create carbon alloy badminton rackets.

By Application

Based on application the global market can be categorized into  Men, Women and Kid amongst which the leading segment is the Men.

• Men : The badminton rackets are used by men while playing badminton.
• Women:  Women also play badminton with the badminton racket.
• Kid: Their are rackets available for kids as well.

DRIVING FACTORS

"Growing Popularity of Badminton to Boost the Market"

Badminton's rising popularity as a friendly and enjoyable sport is driving up demand for rackets. People play badminton in various regions which is very beneficial for health and is also goood for their health. The expansion of the sports and fitness sector as a whole assists the badminton racket market. Their are various benefits of playing badminton. Sports activities are becoming more and more popular, which means that equipment like badminton rackets is becoming increasingly necessary.The people are liking the rackets very much. As disposable incomes increase, more people are ready of using money on high-quality recreational products like badminton rackets. This pattern is especially noticeable in developing nations where participation in sports is increasing.

"Technological Developments  to Expand the Market"

Rift technology advancements including improved materials improved design for more efficiency, and weight optimization attract customers looking for state-of-the-art, high-performance rackets. The development in technology has grown the market. The market will expand as more people shop online and engage in e-commerce, making it simpler for consumers to buy a range of badminton rackets. As the technology is developing the rackets arebeing developed by the companies for more accurate rackets. Online retailers usually provide greater deals and are more convenient. A significant boost to the popularity of badminton and its accessories can come from the endorsements and sponsorships of professional players. Visibility and attractiveness are increased with well-known endorsements.

RESTRAINING FACTOR

"Market Competition to Impede Market Growth"

In the tough competition of badminton racket market, there are numerous manufacturers and brands. The intense rivalry leads to price increase, which could strain companies' profits and hamper the entry of new manufacturers. Purchasing non-essential sporting equipment, like badminton rackets, may become less popular during recessions and other economic downfalls. During economic downfall, people might prioritize needs before sports. This has impeded the growth of the market as is a lot of competition and the preferences of customers are changing due to this reason therefore the growth has become slower.

REGIONAL INSIGHTS

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominating the Market due to Augmented Demand of Leather Goods"

Because badminton is a fast-paced sport, and because many of the world's best badminton players are from North America, tennis is popular there. This has made tennis more popular, which has encouraged kids to take up the sport as a pastime or possibly a vocation. The demand for badminton and table tennis items in the local market has increased as a result of the emergence of numerous clubs and facilities to instruct and assist aspiring badminton players.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Apacs Sports (Malaysia)
• KAWASAKI (Japan)
• RSL (U.K.)
• VICTOR (Taiwan)
• Babolat (France)

INDUSTRIAL DEVELOPMENT

July 2022: The seventh generation of VCORE tennis rackets was introduced by Yonex Co. Ltd. A larger-scale trajectory spin ball that drops and bounces is a feature of the product. A greater variety of aggressive and strategic gameplay is possible with this product. new product lines with cutting-edge materials and designs are introduced. extension of distribution networks to target unexplored markets and clientele Putting money into branding and marketing campaigns to spread the word and encourage product difference.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.