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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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Summit of Whose Future? Girls Have the Answers: Leaders Must Listen

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Young Women Activists Launch “What Girls Want,” Demand World Leaders Put Girls at the Center of Summit of the Future 

NEW YORK, Sept. 21, 2024 /PRNewswire/ — Today in New York, more than 50 young women from around the world – including Nobel Prize Laureate Malala Yousafzai – gathered to take government to task for failing to prioritize girls and young women in the upcoming Summit of the Future. The group is backed by acoalition of girl-centered non-profit organizations, institutions, and funds who synthesized the demands of girls at www.whatgirlswant.com.

At a demonstration near the UN, alongside life-size cutouts of world leaders dressed ironically as “girl experts”, the activists delivered a strong message: world leaders aren’t the experts on what girls want for their futures – girls are. 

Eylül Erçin, 19, from Türkiye, shared: “The time has passed for girls and young women to be treated as mere afterthoughts. Leaders must include us in the foundational design of these processes, ensuring that our priorities are integrated into shaping the future we will inherit. Anything less is unacceptable.”

Today’s event is about more than calling out a process failure. Girls i from around the world delivered a forward-looking call to action this week. They expect governments, institutions, and community leaders to step up and help shape a more equitable future.

Alongside fellow activists, Malala said: “Even at 27, I know better than to assume I understand best what girls want. Everywhere I go, girls are eager to share their vision for their futures. As adults, it is our job to listen, fund their work and follow their lead. It is not too late for world leaders to do right by girls. They can start by prioritizing their demands in tomorrow’s final Summit deliberations and by investing resources to match their words.”

The evidence is clear: investing in girls and delivering on their rights transforms economies, societies, and the environment, advancing the SDGs and building a future that girls deserve.

About What Girls Want 

This effort was produced by a collaboration of girl-centered organizations, institutions, funders, and allies. The campaign is anchored around work to collate insights, data, and stories from 20+ public consultations with girls and young women over the past decade, driven by a shared desire to center girls’ demands in spaces where they are being ignored. 

Contact:

whatgirlswantpress@gmail.com

nate.powers@edelman.com

Logo – https://mma.prnewswire.com/media/2384993/Women_Deliver_Logo.jpg 

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48-Hour Saudi Visa Processing, Major Discounts and Unmissable Giveaways – Only at ‘Spectacular Saudi’ in Mumbai

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NEW DELHI, Sept. 21, 2024 /PRNewswire/ — Saudi’s national tourism brand, ‘Saudi Welcome to Arabia’ is hosting its first-ever immersive consumer event ‘Spectacular Saudi’, from September 25 to October 2,  from 2:00 p.m. – 10:30 p.m. at R2 Ground in BKC, Mumbai.

Slated to transport visitors straight to the Heart of Arabia; the 8-day immersive experience will give visitors a glimpse into Saudi’s many wonders and iconic experiences – all while extending the warm Saudi welcome. To give consumers a truly memorable experience Saudi is offering exclusive giveaways and discounts specially curated for Indian travellers.

What’s more, Indian travellers can fast-track their Saudi visas exclusively at the event. All you need is a valid Visa or Mastercard credit card! Head on over to one of eight dedicated Tasheer kiosks, ensure the name on the credit card matches the passport, and have sufficient funds available on the card. After that, sit back and relax as your visa will be in hand within 48 hours!

It has never been easier to visit Saudi. With the most seamless visa process offered to date, the excitement doesn’t end there. On the travel front, SAUDIA Airlines is offering special deals, including a buy one get 50% off on the second ticket if travelling business class. Additionally, all economy class tickets will be 15% off. Attendees will also have the chance to participate in daily giveaways for free flight tickets for two to Saudi. With over 50+ travel trade offers, visitors can access incredible cashback and discounts on Saudi travel packages. Additionally, those booking Saudi packages will enjoy complimentary cultural city tours. Group tour packages to Riyadh, Jeddah, and Dammam will be available exclusively at the event, starting at INR 99,999 for 5 nights.

Visitors can expect unique immersive experiences–including exhibits, culinary delights, Ardah dancers, Saudi coffee, traditional scents, and fashion–all under one roof. So don’t miss out and register here to experience a piece of Saudi, right in the heart of Mumbai.

Photo – https://mma.prnewswire.com/media/2511104/Spectacular_Saudi.jpg

 

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Indian Cancer Genome Atlas Launches the Country’s First Comprehensive Cancer Multi-Omics Data Portal

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Offers open access to cancer data for research

NEW DELHI, Sept. 21, 2024 /PRNewswire/ — The Indian Cancer Genome Atlas (ICGA) has launched India’s first comprehensive cancer multi-omics data portal. This pioneering platform provides open access to clinically correlated data from Indian cancer patients, aimed at transforming cancer research and treatment for Indian populations.

Historically, cancer treatments in India have been based on Western data sets. However, cancers in Indian patients can differ significantly at the molecular level. ICGA’s mission is to create Indian-specific datasets to help researchers and clinicians develop personalized treatment protocols. This new open-access portal represents a monumental step in revolutionizing cancer research, specifically for Indian patients.

The ICGA cancer multi-omics portal is the first in India to offer data that includes DNA, RNA, and protein profiles of breast cancer patients, integrated with clinical outcomes. Currently, the platform consists of data from 50 breast cancer patients, with plans to expand to over 500 patients in the coming year. This data is freely accessible to the global research community under India’s PRIDE guidelines, which promote ethical sharing and collaboration in cancer research.

Key Highlights of this portal include:

India’s First Cancer Multi-Omics Data Portal: A comprehensive resource that offers detailed multi-omics data for breast cancer patients, including genomic and proteomic information.Based on cBioPortal Platform: Derived from the internationally recognized cBioPortal, this platform ensures seamless integration with global cancer research efforts.Initial Dataset from 50 Indian Patients: Provides clinically annotated DNA, RNA, and protein profiles, along with treatment histories and patient outcomes, with an aim to scale up to 500 in a year.Free Access Under PRIDE Guidelines: Adhering to responsible and ethical data-sharing practices, the portal is freely accessible to the scientific community.A Step Toward Precision Oncology for Indian Patients: This initiative is designed to enable the development of personalized cancer treatments tailored to Indian patients.Call for Collaboration:  ICGA invites researchers worldwide to contribute and expand the platform, fostering global collaboration in cancer research.

Professor Shekhar C. Mande, Former DG-CSIR, Currently Senior Professor at Savitribai Phule Pune University
“Making this invaluable cancer data publicly accessible marks a pivotal step in accelerating scientific discoveries and enhancing patient outcomes. By openly sharing this data, we are empowering researchers, clinicians, and innovators to collaborate, explore new frontiers, and drive transformative breakthroughs in cancer treatment.”

Joint Statement from Dr JC Zenklusen – Director of The Cancer Genome Atlas (TCGA) at the NCI, NIH, USA, and Prof Sunil Badve – Vice Chair, Pathology Cancer Programs, Department of Pathology and Laboratory Medicine, Emory University School of Medicine, Atlanta, Georgia, USA
“Fifteen years ago, when we launched TCGA, we could not have foreseen the remarkable progress cancer research would make. It is incredibly exciting to see ICGA advancing so rapidly and taking bold steps in revolutionizing cancer research. Understanding the genome of cancer patients will improve the treatment of Indians not only in India but also worldwide. We, both, encourage others with similar data to actively contribute to ICGA, so this initiative can grow even faster and drive greater breakthroughs.”

Dr. Anand Deshpande, Chairman and Managing Director at Persistent, and Non-Executive Director at ICGA
“We have made an excellent start with this groundbreaking multi-omics cancer portal. Cancer touches all of us, and the need for more effective, personalized treatments—especially tailored to the unique genetic and environmental factors in India—is urgent. This portal will empower researchers with crucial data to advance customized cancer research for better treatment outcomes. I encourage everyone to contribute and support this vital cause, helping us accelerate progress in the fight against cancer.”

About Indian Cancer Genome Atlas (ICGA):
The Indian Cancer Genome Atlas (ICGA) is a national initiative focused on mapping the genomic, transcriptomic, and proteomic landscapes of cancers across India. As a section 8 not-for-profit organization, the ICGA Foundation, operates through a public-private-philanthropic partnership, with active support from over 50 clinicians, researchers, and data analysts. Its mission is to enhance cancer diagnosis and treatment for Indian patients and contribute to the global understanding of cancer biology. The foundation’s first project focuses on the multi-omics profiling of breast cancer, with plans to extend this effort to other types of cancer in the future.

https://www.icga.in/

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