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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.
Which product type segment dominated the market in 2023?
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.
How large is the global racket sports products market?
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.
What factors contribute to the growth of the North American racket sports products market?
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.
Who are some of the key players in the market?
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.