Racket Sports and Golf Equipment Market to Observe Prominent CAGR of 4.5% by 2029, Size, Share, Trends, Demand, Growth, Challenges and Competitive Outlook

The racket sports and golf equipment market is expected to witness market growth at a rate of 4.5% in the forecast period of 2022 to 2029 and is further estimated to reach USD 24,371.9 million by 2029.

Market Definition:

A racket or racquet is referred to as a sports implement comprising of a handled frame with an open hoop across which a network of strings or catgut is stretched tightly. It is utilized for striking a ball or shuttlecock in games including squash, tennis, racquetball, rackets, badminton and padel. Golf equipment encompasses the various items that are utilized to play the sport of golf.

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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.

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.
On the basis of distribution channel, the racket sports and golf equipment market is segmented into hypermarkets, supermarkets, sporting goods chain, on-course shops, online stores, specialty stores, and others.

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