Racket Sports and Golf Equipment Market would Expand at a 4.5% by 2029

The racket sports and golf equipment market is projected to expand at a CAGR of 4.5% between 2022 and 2029, when it is predicted to reach USD 24,371.9 million. The racket sports and golf equipment market research from Data Bridge Market Research offers analysis and insights into the numerous elements that are anticipated to be present throughout the course of the forecast period as well as their effects on market growth. The market for golf and racket sports equipment is expanding at a faster rate because to the increase in sports tourism.

A racket, often known as a racquet, is a type of sporting equipment that consists of a handled frame with an open hoop across which is strung tightly together threads or catgut. It is used in sports including squash, tennis, racquetball, rackets, badminton, and padel for hitting a ball or shuttlecock. The different items used to play the game of golf are referred to as golf equipment. The golf ball, golf clubs, and technology that facilitate the sport are examples of equipment.

The rise in popularity of outdoor activities is one of the main factors anticipated to propel market expansion for racket sports and golf equipment over the forecast period. Additionally, it is projected that ongoing technical advancements and innovations would further fuel the expansion.

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Global Racket Sports and Golf Equipment Market Scope and Market Size

The racket sports and golf equipment market is segmented on the basis of product, type, sport and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.    

On the basis of product, the racket sports and golf equipment market is segmented into rackets, balls, eyewear, racket bags, racket bags and racket bags.

On the basis of type, the racket sports and golf equipment market is segmented into golf balls, golf clubs, golf shoes and others.

On the basis of Sport, the racket sports and golf equipment market is segmented into lawn tennis, table tennis, badminton and squash.

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Racket Sports and Golf Equipment Market Country Level Analysis

The countries covered in the racket sports and golf equipment market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and rest of South America as part of South America. 

Europe dominates racket sports and golf equipment market due to the rise in the consumer expenditure on sports goods. Furthermore, increasing health awareness amongst the population and growing cases of obesity will further boost the growth of the racket sports and golf equipment market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the racket sports and golf equipment market due to the rise in the disposable income and growing consumer expenditure.

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Competitive Landscape and Racket Sports and Golf Equipment Market Share Analysis

Some of the major players operating in the racket sports and golf equipment market are:

Amer Sports, Babolat, Head, Tecnifibre, Goode Sport, GAMMA Sports, ASICS Asia Pte. Ltd., Sumitomo Rubber Industries, Ltd., Li Ning (China) Sports Goods Co., Ltd., Puma SE, Adidas AG, Nike, Inc., Mizuno Corporation, YONEX Co., Ltd., and Callaway Golf among others.

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