Global Badminton and Tennis Market Key Players Competitive Survey Report 2023

Length- 109 Pages | Published Date - 2023-04-11 | Report Id- 1527
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Within the research scope of this report, it shows that the global Badminton and Tennis market had a market size of about 10512.32 Million USD in 2022, growing at a CAGR of 5.32% during 2023-2029 to 15110.35 Million USD in 2029.

MARKET COMPETITIVE LANDSCAPE:
Major players in this market include Nike, Adidas, Yonex, Victor, Li-Ning, and etc.
---The combined market share of the Top 3 players in the global Badminton and Tennis market is about 29.85%.

REGION SHARE:
The report covers the market size information of major regions/Countries around the world, including NA/United States, EU/Germany, APAC/China, LA/SA, MEA and etc.
---In the geographical distribution of Badminton and Tennis market in 2022, the North America has the largest market size and its market share is about 34.00%, followed by Asia Pacific and its market share is about 31.00%.

SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Hard goods, Soft goods, etc. Application segment includes Amateur Field, Professional Field, etc.
--- Hard goods contributes approximately 87.00% share to the market in 2022.
--- Amateur Field contributes approximately 77.00% share to the market in 2022.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Badminton and Tennis market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Badminton and Tennis market in terms of revenue.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Badminton and Tennis market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Badminton and Tennis market.

Global Badminton and Tennis Scope and Market Size
Badminton and Tennis market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Badminton and Tennis market will be able to gain the upper hand as they use the report as a powerful resource.

The impact of the outbreak of COVID-19 and the Russia-Ukraine War on the Badminton and Tennis industry is considered in the report, covering the dynamic analysis of the development of the Badminton and Tennis industry, including trends, technologies, opportunities, constraints. To ensure report buyers are able to gain in-depth knowledge of the market.
The Badminton and Tennis markets have been experiencing notable trends in recent years. Here are some key trends in both markets:

Growing Participation and Popularity: Badminton and Tennis have gained significant popularity worldwide, leading to increased participation in both recreational and competitive levels. The market trend involves a rising number of people actively engaging in these sports, resulting in increased demand for equipment, apparel, and related accessories.

Technological Advancements in Equipment: Both Badminton and Tennis have seen continuous technological advancements in equipment, such as rackets, balls, strings, and footwear. Manufacturers are introducing innovative materials, designs, and technologies to improve performance, durability, and player comfort. This market trend includes the development of lightweight rackets, enhanced string technologies, and advanced cushioning systems in footwear to enhance player experience and skill levels.

Focus on Player Comfort and Injury Prevention: Player comfort and injury prevention have become significant considerations in the Badminton and Tennis markets. Manufacturers are incorporating features such as shock absorption, stability, and impact resistance in rackets and footwear to minimize the risk of injuries. This trend includes the use of advanced materials, ergonomic designs, and cushioning technologies to enhance player comfort and reduce the strain on joints and muscles during gameplay.

Increasing Demand for Sports Apparel and Accessories: The Badminton and Tennis markets are witnessing a growing demand for sports apparel and accessories. Athletes and enthusiasts are seeking high-performance apparel that offers comfort, breathability, and moisture-wicking properties to enhance their performance on the court. This market trend includes the availability of specialized sportswear, including lightweight and sweat-resistant fabrics, compression garments, and accessories like grips, wristbands, and headbands.

Rising Influence of Professional Tournaments and Sponsorships: The influence of professional tournaments, such as the Badminton World Federation (BWF) events and the Association of Tennis Professionals (ATP) and Women”s Tennis Association (WTA) tournaments, is driving the market trends in Badminton and Tennis. These tournaments attract global audiences, sponsorships, and endorsements, which further promote the sports and drive consumer interest. The market trend involves the launch of limited-edition equipment and apparel collections, player endorsements, and brand collaborations to capitalize on the popularity of professional tournaments.

Growing E-commerce and Online Retail Channels: The retail landscape for Badminton and Tennis equipment has expanded with the rise of e-commerce and online retail channels. Consumers now have easier access to a wide range of products, brands, and price points through online platforms. This market trend includes the convenience of online shopping, product comparisons, customer reviews, and the availability of specialized online retailers catering to Badminton and Tennis enthusiasts.

Increasing Focus on Grassroots Development: There is a growing emphasis on grassroots development programs and initiatives to promote Badminton and Tennis at the grassroots level. Sports federations, organizations, and clubs are investing in talent identification, training, and infrastructure to nurture young players and develop a strong player base. This trend contributes to the overall growth and sustainability of the Badminton and Tennis markets by creating a pipeline of skilled players and enthusiasts.

Highlights-Regions
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Spain
Nordic
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Egypt
South Africa
UAE
Turkey
Saudi Arabia

Player list
Nike
Adidas
Yonex
Victor
Li-Ning
Babolat
Wilson
Head
Prince
Dunlop
VOLKL
Tecnifibre
DHS
KAWASAKI
Teloon
OLIVER
Others

Types list
Hard goods
Soft goods

Application list
Amateur Field
Professional Field

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Global Badminton and Tennis Market Key Players Competitive Survey Report 2023

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