Shuttlecock Market to Witness Increase in Revenues by 2027

Badminton continues to grow in popularity – both stadium attendance and TV audience have witnessed a steady increase over the years. With over 200 million amateur and professional players, the sport has significant penetration across Europe and Asia. Marquee championships, such as Thomas Cup, BWF World Championship, and Uber Cup continue to attract sponsorships from some of the biggest brands in the market. The fact that badminton is a sport contested at the Summer Olympics has further led to its expansion and popularity.

Asia has gained center stage for sports equipment manufacturers from around the globe, owing to its behemoth target audience and a vast demographic in the age group 18-35. Badminton sports equipment manufacturers are not oblivious to these opportunities, and are working on boosting their profile in the region. Their cause has been furthered by the recent success of Asian players in this highly competitive sport. The rising popularity of the sport has opened up a slew of opportunities for badminton equipment sales, with racquet and shuttlecock sales growing at a steady clip. Future growth of the badminton equipment market in general, and shuttlecock market in particular, is likely to be influenced by the increase/decrease in participation levels in Asia.

Request For Sample @ www.factmr.com/connectus/sample?flag=S&rep_id=703

To pace up with the growing requirements of the amateur and professional badminton players, major manufacturers such as Yonex and Li-Ning are focusing on diversifying their product line. Launch of shuttlecocks made from plastic, nylon, and synthetic components in replacement of feather. For instance, Yonex has developed a range of ‘Mavis’ shuttlecocks that are made of nylon and Flight of these shuttlecocks are close to that of the feather shuttlecocks.

In addition, a leading sports brand based in China – Li-Ning has developed a Super Feather Shuttlecock, which is composed of goose feather to offer smooth and accurate flight under various weather conditions. In addition, the company is equipping these shuttlecocks with composite cork heads that include rubber components. Also, a recent trend witnessed in among the shuttlecock manufacturers is incorporating novel features in the shuttlecocks such as incorporating LED lights. Besides incorporating novel features, major manufacturers such as Yonex are focusing on offering shuttlecocks in various colors to offer enhanced visibility to the customers.

Sales of shuttlecock will continue to remain high through various online portals such as Amazon.com, Alibaba.com, and Snapdeal. In order to expand their customer base, local sport equipment companies are also offering their products through the online portals at discounted prices.

Bedini, Kimoni International, Li-Ning, and Aisheng Co. Ltd. are some of the major manufacturers in Asia, whereas Victor A.Henkel and Yonex are the prominent manufacturers in Europe. However, the unorganized market players in various countries of Asia, particularly in China are likely to dominate the market in terms of sales as they are offering these products at reasonable or discounted rates.

Besides Europe and Asia, leading market players in North America such as Ashaway, Sports Import, Pointforce, and Yonex USA are focusing on attaining a competitive edge in the global market through offering innovative products for improved performance and experience to the amateur and professional market players. Through product innovation and differentiation, these players are focusing on sustaining their lead in the competitive market.

In addition to developing innovative products, leading market players are also engaging in various CSR activities to improve their brand identity and recognition. For instance, a leading Yonex has organized various events to promote healthy living such as walk rallies. The company utilizes a special tool to precisely measure the walker’s foot to ensure that the individuals are wearing comfortable footwear to enjoy walking.

Request Brochure Copy of the Report @ www.factmr.com/connectus/sample?flag=B&rep_id=703

In addition, major manufacturing companies such as Murata are taking initiatives to engage in various social contribution activities to promote sports among individuals of various age groups. For instance, Murata is engaging in social activities to assist in nurturing the children by delivering lectures to the junior high school students and elementary students. In addition, the company is taking initiatives to promote cultural and sports activities by sponsoring Wakaba Cup, an All-Japan School Children’s Sports Tournament. Through engaging in the various social activities and taking CSR initiatives, major market players across countries are focusing on establishing their brand identity and improving their brand recognition among customers.

Valuable insights pertaining to the recent market trends and developments are compiled in the research report, which offers crucial information to the investors and stakeholders a broader view of the shuttlecock market globally.

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/
Follow Us on Linkedin: www.linkedin.com/company/factmr/

This release was published on openPR.