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Racket Sports Products Market Share

Report ID: GMI11640
Published Date: Oct 2024
Report Format: PDF

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Racket Sports Products Market Share

The market, with prominent players, such as ANTA Sports Products Ltd., ASICS Corp., Li Ning Co. Ltd. and Yonex Co. Ltd., holds a market share of ~5-10%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.

Racket Sports Products Market Companies

Major players operating in the market include:

Apacs Sports (M) Sdn. Bhd.
ASICS Corporation
Babolat
FELET International Holdings Sdn. Bhd.
Gosen Co., Ltd.
Head Sports
Karakal Sports
Li Ning (China) Sports Goods Co., Ltd.
Mizuno Corporation
Prince Sports, Inc.
Tecnifibre
Victor Rackets Ind. Corp.
Wilson Sporting Goods Co.
Yehlex
Yonex Co., Ltd.

Authors: Avinash Singh, Avinash Singh

Frequently Asked Questions (FAQ) :

In 2023, the global racket sports products industry was valued at USD 4.5 billion and is projected to grow at a CAGR of 6% from 2024 to 2032.

The balls segment led the market in 2023, generating a revenue of USD 1.7 billion. It is expected to grow at a CAGR of 6.2% during the forecast period, driven by consistent demand across various sports and the need for frequent replacement due to wear and tear.

North America's market, valued at approximately USD 1.3 billion in 2023, is expected to grow at a CAGR of 6.3% during the forecast period. Factors such as major global sporting events, extensive youth participation programs, investments in sports infrastructure, established retail networks, and celebrity endorsements contribute to this growth.

Major players in the market include Apacs Sports (M) Sdn. Bhd., ASICS Corporation, Babolat, FELET International Holdings Sdn. Bhd., Gosen Co., Ltd., Head Sports, Karakal Sports, Li Ning (China) Sports Goods Co., Ltd., Mizuno Corporation, Prince Sports, Inc., Tecnifibre, Victor Rackets Ind. Corp., Wilson Sporting Goods Co., Yehlex, and Yonex Co., Ltd.