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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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Technology

NASA Invites Media to Launch of Cosmic Origins, Solar Wind Missions

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January 13, 2025

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WASHINGTON, Jan. 13, 2025 /PRNewswire/ — Media accreditation is open for the launch of two NASA missions that will explore the mysteries of our universe and Sun.

The agency is targeting late February to launch its SPHEREx (Spectro-Photometer for the History of the Universe, Epoch of Reionization and Ices Explorer) observatory, a space telescope that will create a 3D map of the entire sky to help scientists investigate the origins of our universe. NASA’s PUNCH (Polarimeter to Unify the Corona and Heliosphere) mission, which will study origins of the Sun’s outflow of material, or the solar wind, also will ride to space with the telescope.

NASA and SpaceX will launch the missions aboard the company’s Falcon 9 rocket from Space Launch Complex 4E at Vandenberg Space Force Base in California.

Accredited media will have the opportunity to participate in a series of prelaunch briefings and interviews with key mission personnel, including a science briefing the week of launch. NASA will communicate additional details regarding the media event schedule as the launch date approaches.

Media interested in covering the launch must apply for media accreditation. The application deadline for U.S. citizens is 11:59 p.m. EST, Thursday, Feb. 6, while international media without U.S. citizenship must apply by 11:59 p.m., Monday, Jan. 20.

NASA’s media accreditation policy is available online. For questions about accreditation, please email: ksc-media-accreditat@mail.nasa.gov. For other mission questions, please contact the newsroom at NASA’s Kennedy Space Center in Florida at 321-867-2468.

Para obtener información sobre cobertura en español en el Centro Espacial Kennedy o si desea solicitar entrevistas en español, comuníquese con Antonia Jaramillo: 321-501-8425, o Messod Bendayan: 256-930-1371.

Updates about spacecraft launch preparations are available on the agency’s SPHEREx blog and PUNCH blog.

The SPHEREx mission will observe hundreds of millions of stars and galaxies in infrared light, a range of wavelengths not visible to the human eye. With this map, SPHEREx will enable scientists to study inflation, or the rapid expansion of the universe a fraction of a second after the big bang. The observatory also will measure the collective glow from galaxies near and far, including light from hidden galaxies that individually haven’t been observed, and look for reservoirs of water, carbon dioxide, and other key ingredients for life in our home galaxy.

Launching as a rideshare with SPHEREx, the agency’s PUNCH mission is made up of four suitcase-sized satellites that will spread out around Earth’s day-night line to observe the Sun and space with a combined field of view. Working together, the four satellites will map out the region where the Sun’s outer atmosphere, the corona, transitions to the solar wind, or the constant outflow of material from the Sun.

The SPHEREx observatory is managed by NASA’s Jet Propulsion Laboratory in Southern California for the Astrophysics Division within the agency’s Science Mission Directorate in Washington. The mission principal investigator is based jointly at NASA JPL and Caltech. Formerly Ball Aerospace, BAE Systems built the telescope, supplied the spacecraft bus, and performed observatory integration. The science analysis of the SPHEREx data will be conducted by a team of scientists located at 10 institutions in the U.S., two in South Korea, and one in Taiwan. Data will be processed and archived at IPAC at Caltech. The SPHEREx data set will be publicly available.

The agency’s PUNCH mission is led by Southwest Research Institute’s office in Boulder, Colorado. The mission is managed by the Explorers Program Office at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, for NASA’s Science Mission Directorate. NASA’s Launch Services Program, based at NASA Kennedy, manages the launch service for the SPHEREx and PUNCH missions.

For more details about the SPHEREx mission and updates on launch preparations, visit:

https://science.nasa.gov/mission/spherex/

 

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SOURCE NASA

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Ragie Launch Week: Game-Changing RAG Tooling for Developers

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January 13, 2025

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SAN FRANCISCO, Jan. 13, 2025 /PRNewswire/ — Ragie, the innovative leader in Retrieval Augmented Generation (RAG) technology, is proud to announce its first-ever Launch Week.  Beginning today, Ragie will unveil several highly anticipated features requested by its growing user base that are designed to make AI applications faster and easier to build.

 

Three key announcements are being made during this three-day event: Ragie Connect, Advanced Retrieval Mode and Base Chat.

Ragie Connect

Many of Ragie’s customers have asked for a way to use its robust RAG pipeline in their SaaS applications, which is why the team developed Ragie Connect. Ragie Connect connects your AI application with your users’ data with minimal code. It handles authentication and automatic user-data syncing from data sources like Google Drive, Salesforce, Notion, and more, so developers can easily embed RAG in their applications.

“Ragie Connect is a lot like Plaid for AI”, said Bob Remeika, CEO of Ragie.  “With just a little bit of code, you can sync your users’ data with your application.  It’s similar to other iPaaS systems in that it handles authentication and data syncing, except Ragie Connect is purpose built for AI applications which really sets it apart.”

Ragie Advanced Retrieval Mode

Ragie looks very simple by design, but there are a lot of advanced features like Hybrid Search and Reranking. These work in the background to help it achieve 99.4% precision on LegalBench-RAG and a 137% improvement on FinanceBench with semantic, hybrid, and hierarchical retrieval. Ragie’s new “recency bias” feature ensures that the most current data is prioritized during retrieval in use cases where live data is more important than historical knowledge bases.

“Our goal is to set the standard for retrieval accuracy and developer experience in the industry,” said Mohammed Rafiq, CTO of Ragie.

Ragie Base Chat

Ragie is releasing an open source multi-tenant chatbot called Ragie Base Chat, which is powered by Ragie Connect and connects to your company’s knowledge base. It’s like a self-hosted “Glean light” that allows companies to chat with their data from Google Drive, Salesforce, Notion, and more. The Base Chat release will also contain 5 new native connectors including Slack, Hubspot, Dropbox, GCS, and S3 to meet the needs of new and existing customers in multiple verticals. A fully hosted version of Base Chat is coming soon.

These updates are just the latest in Ragie’s ongoing evolution as the leading RAG-as-a-Service platform for developers. Visit www.ragie.ai to learn more about the Launch Week, Ragie Connect, and more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ragie-launch-week-game-changing-rag-tooling-for-developers-302349590.html

SOURCE Ragie

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HYDRO-QUÉBEC ISSUE OF DEBENTURES DUE FEBRUARY 15, 2065 ON THE CANADIAN MARKET

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January 13, 2025

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MONTREAL, Jan. 13, 2025 /CNW/ – Hydro-Québec announces that it has negotiated on the Canadian domestic market the issue of CA$500,000,000 of Debentures, Series JU, maturing on February 15, 2065.

The Debentures, with a coupon of 4.00%, payable semi-annually, will be offered on the market at a price of 91,495 plus interest deemed to have accrued from August 15, 2024. The yield is 4.457%.

The lead manager for this issue is National Bank Financial Inc. with Scotia Capital Inc. and The Toronto-Dominion Bank acting as co-lead managers, BMO Nesbitt Burns Inc., Casgrain & Company Limited, CIBC World Markets Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc. and RBC Dominion Securities Inc. acting as other managers.

This is the third additional tranche of Debentures, Series JU, issued initially on September 19, 2024 and the total aggregate principal amount of Debentures outstanding under this Series now amounts to CA$2,000,000,000.

SOURCE Hydro-Québec

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