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Racket Sports Equipment Market size is set to grow by USD 733.2 million from 2024-2028, Increase in number of racket sports courts worldwide boost the market, Technavio

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NEW YORK, June 13, 2024 /PRNewswire/ — The global racket sports equipment market size is estimated to grow by USD 733.2 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.62% during the forecast period. Increase in number of racket sports courts worldwide is driving market growth, with a trend towards increased use of nanomaterials in racket sports equipment. However, increase in popularity of e-sports poses a challenge. Key market players include ANTA Sports Products Ltd., Ashaway Line and Twine Mfg Co, ASICS Corp., Babolat, Dunlop International Europe Ltd., Gamma Sports, Gearbox Inc, Harrow Sports, Head, Karakal Worldwide Ltd., KC Kinetic Solutions LLC, Klipper USA, Li Ning Co. Ltd., Pacific Holding GmbH, PowerAngle LLC, Solinco Sports, Tecnifibre, Victor Rackets Ind. Corp., Volkl Tennis, and Yonex Co. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Racket Sports Equipment Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.62%

Market growth 2024-2028

USD 733.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.6

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 33%

Key countries

US, China, Japan, India, and UK

Key companies profiled

ANTA Sports Products Ltd., Ashaway Line and Twine Mfg Co, ASICS Corp., Babolat, Dunlop International Europe Ltd., Gamma Sports, Gearbox Inc, Harrow Sports, Head, Karakal Worldwide Ltd., KC Kinetic Solutions LLC, Klipper USA, Li Ning Co. Ltd., Pacific Holding GmbH, PowerAngle LLC, Solinco Sports, Tecnifibre, Victor Rackets Ind. Corp., Volkl Tennis, and Yonex Co. Ltd.

Market Driver

The racket sports equipment market is witnessing significant growth due to the increasing preference for lightweight and high-performance equipment. Carbon fiber is replacing traditional materials in the manufacture of rackets, providing greater flexibility and strength. Nanotechnology is also being utilized to enhance durability and performance, with companies like YONEX and HEAD Sport using carbon nanotubes and graphene in their products. This technology offers advantages such as reduced weight, increased stiffness, and improved resistance to friction and abrasion. The use of these advanced materials has led to the production of premium rackets for professional players.

The racket sports equipment market is currently experiencing significant growth, with trends leaning towards lightweight and durable materials. Tennis, badminton, and squash are popular sports driving this demand. Segments include rackets, balls, shoes, and protective gear. Tech-savvy players prefer smart rackets with sensors for improved performance.

Sponsorship deals and celebrity endorsements also impact market trends. Spending on sports equipment is expected to continue increasing, especially in developing countries. The market is competitive with major players offering innovative solutions to meet consumer needs. Overall, the racket sports equipment industry is thriving and shows no signs of slowing down.

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global racket sports equipment market may experience a decline during the forecast period due to the increasing popularity and growth of the e-sports industry. Factors contributing to this trend include the high penetration of mobile gaming and its lucrative business model, which generates revenue through in-app purchases.Additionally, professional gamers are receiving visas similar to athletes, making e-sports an attractive alternative to traditional sports. Major e-sports vendors have intensified their development and marketing efforts, potentially diverting consumer attention and resources away from racket sports equipment.The racket sports equipment market faces several challenges. Tennis, badminton, squash, and racquetball each have unique requirements. Shoes, clothes, and rackets are essential for players. Quality and durability are key concerns. Cost is a significant factor, especially for clubs and institutions. Suppliers must cater to various specifications and regulations. Logistics and inventory management are complex issues.Flexibility and customization are essential to meet diverse customer needs. Effective marketing and branding are crucial to stand out in a competitive market. Innovation and technology play a vital role in enhancing performance and player experience. Overall, the racket sports equipment industry requires a strategic approach to address these challenges and thrive in the market.

For more insights on driver and challenges – Request a sample report!

Segment Overview

Distribution Channel1.1 Offline1.2 OnlineProduct2.1 Tennis equipment2.2 Badminton equipment2.3 Squash equipmentGeography3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Offline- The global racket sports equipment market comprises monobrand stores, department stores, hypermarkets, supermarkets, and specialty stores. Monobrand stores, owned by product manufacturing companies, offer a wide range of branded products and attract a large customer base. North American vendors, such as Nike and Adidas, invest in new monobrand stores to boost D2C sales. Retail chains like Tesco, Walmart, and Target have dedicated sports equipment segments.

Specialty stores provide an exclusive product mix and have seen steady growth. Retail formats are essential for market expansion, offering product information and customer engagement. Despite online competition, retail stores remain crucial due to their role in product education and customer service, particularly in rural areas with low internet penetration.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Racket Sports Equipment Market encompasses a wide range of products catering to various sports such as Squash, Tennis, Racquetball, Badminton, Table tennis, and Pickleball. These sports require specific equipment including Rackets, Balls, Nets, Shoes, and Racket bags. The preference among Generation Z and Millennial consumers for Lightweight equipment and E-commerce platforms has led to a surge in demand for Lightweight fabric apparels, Protective gears, and Caddies.

Global sports players participate in numerous International tournaments showcasing their skills with Hollow rubber balls in sports like Squash and Table tennis, while Lawn tennis and Badminton players use Tennis balls. The market also includes Sports equipment for Real racquetball and Paddle sports. Overall, the Racket sports Equipment Market is a dynamic and evolving industry that continues to innovate and cater to the needs of athletes and enthusiasts alike.

Market Research Overview

The Racket Sports Equipment Market encompasses a wide range of products used in various racket-based sports such as tennis, squash, badminton, and racquetball. These equipment include racquets, balls, shoes, protective gear, and other accessories. The market is driven by several factors including increasing participation in racket sports, technological advancements in equipment design, and growing health consciousness among consumers.

Segments of the market include types of sports and geographical regions. Strategies for market growth include product innovation, pricing strategies, and distribution channels. The market is expected to show steady growth in the coming years due to the rising popularity of racket sports and the continuous development of advanced equipment.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineProductTennis EquipmentBadminton EquipmentSquash EquipmentGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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O’Fallon (MO) Police Department Revolutionizes Public Safety with Cutting-Edge Technology with Caliber Public Safety

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O’Fallon (MO) Police Department is enhancing public safety by adopting Caliber’s public safety software suite, positioning itself as a leader in modern public safety technology.

WINSTON-SALEM, N.C., Nov. 17, 2024 /PRNewswire-PRWeb/ — O’Fallon, MO – The O’Fallon Police Department is proud to announce its partnership with Caliber Public Safety, integrating state-of-the-art Computer-Aided Dispatch (CAD), Records Management System (RMS), and Mobile solutions to enhance public safety and law enforcement operations.

“We’re honored to partner with the O’Fallon Police Department in their innovative approach to public safety, empowering their mission to boost efficiency and protect their community,” said Chris Faircloth, VP of Sales and Marketing for Caliber Public Safety.

This significant upgrade reinforces the department’s commitment to modernizing public safety, ensuring the protection and well-being of O’Fallon’s 94,000+ residents. The integration of Caliber’s innovative technologies optimizes dispatch and response operations, facilitating faster reaction times and more effective data management.

“We are excited to leverage these cutting-edge tools to serve our community more efficiently and effectively,” said Chief Frank Mininni. “This technological leap ensures our teams can react faster and manage critical data more effectively, creating a more secure environment for everyone.”

Key benefits of the upgrade include:

Enhanced efficiency through seamless integration of CAD, Mobile, and RMS technologiesImproved data sharing capabilities, connecting local, regional, state, and national agenciesIncreased situational awareness for first responders through real-time access to critical information

The O’Fallon Police Department’s investment in Caliber Public Safety’s solutions was made possible by the “Use Tax” approved by voters in 2019. This tax enables the department to stay current with evolving technology, ensuring transparency and effective use of taxpayer money.

“We are honored to partner with the O’Fallon Police Department in their forward-thinking approach to public safety,” said Chris Faircloth, Vice President of Sales and Marketing for Caliber Public Safety. “Together, we are empowering their mission to enhance operational efficiency and safeguard the people they serve.”

About the O’Fallon Police Department:

The O’Fallon Police Department serves over 94,000 residents with a team of 100+ sworn officers, consistently ranking among America’s “Best Places to Live” and “Safest Cities.”

About Caliber Public Safety:

Caliber Public Safety provides innovative solutions to over 1,000 public safety agencies across North America, focusing on data-sharing and interoperability.

Media Contact

Chris Faircloth, Caliber Public Safety, 1-800-274-2911, info@caliberpublicsafety.com, https://caliberpublicsafety.com/

View original content:https://www.prweb.com/releases/ofallon-mo-police-department-revolutionizes-public-safety-with-cutting-edge-technology-with-caliber-public-safety-302307052.html

SOURCE Caliber Public Safety; Caliber Public Safety

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GAC Group Showcases New Energy Vehicles and Unveils “Panyu Action” at the 22nd Guangzhou International Auto Show

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GUANGZHOU, China, Nov. 17, 2024 /PRNewswire/ — On November 15, at the 22nd Guangzhou International Auto Show, GAC’s self-owned brands unveiled three groundbreaking models. Alongside these vehicle debuts, GAC Group introduced its three-year strategic initiative – “Panyu Action” – which aims to increase the share of self-owned brands to over 60% of total group sales by 2027, targeting 2 million units in sales.

Designed to drive GAC Group’s transformation, “Panyu Action” is expected to enhance operational efficiency and position the company for sustained high-quality development. This strategic initiative is expected to help GAC strengthen its leadership within both domestic and international automotive markets.

Feng Xingya, President of GAC Group, stated, “GAC Group has taken a solid step forward in its new phase of transformation. We will forge ahead with determination and live up to expectations, presenting an all-new GAC to everyone over the next three years!”

In line with its vision, GAC Group has invested over 50 billion yuan in independent research and development. The company plans to invest an additional 50 billion yuan in the next three years to support its “Panyu Action” initiative, reinforcing its commitment to remain at the forefront of technological innovation in the automotive industry.

“Right now, GAC’s global expansion is entering a new phase, with vehicle exports and local production moving forward together,” said Wei Haigang, President of GAC International. ” We will continue to expand international markets, with plans to reach 100 countries and regions by 2027, and export 500,000 vehicles.”

As part of its growth strategy, GAC Group unveiled three standout models at this year’s auto show: the S7, GAC’s first advanced intelligent vehicle, featuring AI-driven ambient lighting with eight preset expressions for personalized interaction; the Aion UT, the third global strategic model from Aion, with bold headlights and a hatchback design that embodies a unique, free-spirited style; and the HYPTEC HL, GAC’s luxury intelligent flagship SUV, which combines yacht-style wraparound design with zero-gravity seats for an unmatched luxury electric driving experience.

These new models highlight GAC Group’s dedication to leading the smart electric vehicle market, with plans for their introduction to international markets as part of the company’s ongoing global expansion strategy.

Looking ahead, GAC Group remains committed to delivering better products, services, and experiences to consumers worldwide, enhancing mobility solutions and enriching the lives of customers across the globe.

SOURCE GAC

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Unmissable Black Friday Deals on Telegram Signal Copier: Significant Savings on Services, Trading Tools, and Exclusive Offers for Traders

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As part of the Black Friday season, Telegram Signal Copier is offering traders exclusive discounts on services and advanced trading tools to support their strategies and enhance trading performance.

COVENT GARDEN, London, Nov. 17, 2024 /PRNewswire-PRWeb/ — Telegram Signal Copier (TSC), the most popular signal copier tool, is thrilled to announce exclusive discounts on a range of services and innovative trading tools designed to enhance trading strategies and improve overall performance for traders at every level.

A company spokesperson stated, “Our Black Friday specials offer significant savings, giving both new and experienced traders access to expert signals and tools. We’re confident these resources will empower users to make informed trading decisions and reach their financial goals.”

The Black Friday offers, originally scheduled for November 24 to November 30, are already live, providing traders with an exclusive early opportunity to access significant discounts. This early launch marks a unique chance for both novice and seasoned traders to refine their strategies and enhance their trading performance with major savings.

As part of this Black Friday season, Telegram Signal Copier is inviting traders to explore its specially curated packages that combine access to powerful trading tools and customized support services at a fraction of the cost. This limited-time event offers exclusive deals to support traders at every level, providing access to premium features that elevate trading strategies and outcomes.

This time TSC has also added an amazing feature that supports image signal copying, allowing traders to seamlessly replicate signals from image-based formats. Now this latest feature broadens the range of signals traders can access, providing greater flexibility and precision.

TSC Black Friday Offers Package 2024:

The Black Friday specials, available for a short window, will feature substantial savings across a wide range of offerings. Here’s a brief overview of the exceptional packages:

TSC Starter: Perfect for beginners interested in exploring the trading world with ease, TSC Starter offers essential tools and insights that simplify complex trading decisions, allowing new traders to start confidently.TSC Pro: This package is tailored for traders with some experience who want to deepen their strategies. With access to advanced tools, Pro users can gain deeper market insights to enhance trading outcomes.TSC Advance: The Advance package is the ultimate trading companion for experienced traders who demand the highest-quality tools and signals to support sophisticated trading strategies. It offers in-depth analyses, real-time insights, and expert-driven strategies designed to help maximize profits and minimize risks.

Whether you are an experienced trader or just beginning your trading journey, these deals are tailored to ensure you can benefit from expert signals and cutting-edge tools to enhance your trading performance. The Black Friday savings are not merely discounts.

So, traders are encouraged to mark their calendars for this exceptional Black Friday event and prepare to take advantage of TSC’s powerful trading solutions. This limited-time sale will allow traders to harness cutting-edge trading technology to optimize their strategies, making it a perfect time to elevate trading capabilities without the usual costs.

About Telegram Signal Copier:

Telegram Signal Copier is an acclaimed signal-copying tool in the trading community, enabling users to replicate expert trading signals directly in their accounts. Known for its intuitive interface, commitment to delivering accurate, timely market insights, and now its new image signal copying feature, TSC has established itself as an invaluable resource for traders seeking to elevate their trading experience. With a mission to provide accessible, top-tier trading resources, TSC empowers its users to thrive in the fast-paced world of Forex trading.

Media Contact

Nazrul Islam, Telegram Signal Copier, 44 2079461234, support@telegramsignalcopier.com, https://telegramsignalcopier.com/

View original content to download multimedia:https://www.prweb.com/releases/unmissable-black-friday-deals-on-telegram-signal-copier-significant-savings-on-services-trading-tools-and-exclusive-offers-for-traders-302306754.html

SOURCE Telegram Signal Copier

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