Table Tennis Ball Market 2020-2027: Industry Size, Share, Growth Drivers, Opportunities, Key Segmentation, Development Factors And In-depth Analysis of Industry Players
Table tennis is a sport where two or four players are hitting a very soft plastic ball back and forth across the table using lightweight rackets. It is also known as ping-pong. The sport takes place on a hard table divided by a net. The balls of table tennis are usually in white & yellowish color. Optic yellow balls are used in professional tennis, as they are more noticeable on a TV screen. Table tennis is gaining worldwide popularity and is now played in almost all the countries, which significantly boosts the growth of the table tennis market. It is considered as one of the most prominent sports played all over the world, and the number of participants in table tennis is increasing every year.
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Rise in disposable income and higher living standards surge the growth of the table tennis ball market. The rise in popularity of table tennis as a recreational sport in many developed countries such as the U.S. is yet another reason for boosting the sale of table tennis equipment. In addition, factors such as the increase in number of tennis tournaments and the short cycle for replacing tennis balls boosts the need to purchase new tennis balls.
Some people are playing table tennis for recreation, and some fitness regimes are playing for their healthy bodies. Table tennis provides various health benefits like it improves the core muscles, maintains mental awareness, and helps to enhance eye-hand coordination. Decades back, the quality of the plastic balls was not much high, which caused quite a lot of frustration and anger among the table tennis players. But now the quality of the plastic balls has been improved.
North America holds the maximum share in the table tennis ball market because of many professional players in the country. The rise in popularity of tennis in North America during the coming period would lead to increased demand for tennis balls.
Table tennis ball is available in various online and offline sales channels. It is available in hypermarket/supermarket, departmental store, specialty store, and sports shops. Out of these, the sports shops dominate the growth of the table tennis ball market.
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Regions covered – North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)
Competitive analysis – DHS, Doublefish, Nittaku, Stiga, Andro, Xushaofa, Butterfly, TSP DONIC, Eastpoint Sports, Yinhe, and Joola
COVID-19 Scenario Analysis:
○ The COVID-19 pandemic has negatively affected the growth of the table tennis balls.
○ This industry faces huge impact due to the disruption in production and supply chain as China is the major supplier of table tennis balls, and almost all the nations have stopped their trade activities.
○ Cancellation of flights and table tennis tournaments because all players and audiences are staying in their homes because of the stay at home orders have declined the demand for table tennis balls.
○ Restriction of indoor events and increase in public fear about the disease have led to decline in the growth of the table tennis ball market.
Key Segments Covered:
• Training & Match
• Fitness & Recreation
• 1 Star
• 2 Star
• 3 Star
• Departmental Store
• Sports Shop
• Offline Channels
Key Benefits of the Report:
○ This study presents the analytical depiction of the table tennis ball Industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the table tennis ball market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global table tennis ball growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed table tennis ball market analysis based on competitive intensity and how the competition will take shape in coming years.
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