The global squash equipment market size reached US$ 688.7 Million in 2023. Looking forward, the market is projected to reach US$ 1.05 billion by 2032, exhibiting a growth rate (CAGR) of 4.82% during 2023-2032. The rising health consciousness among the masses, the growing utilization of organic and recycled plastic materials, and increasing expenditure capacities represent some of the key factors driving the market.
Squash equipment refers to products used to play a single or doubles game of squash on a four-walled court. Rackets, balls, shoes, and sports clothing are some of the commonly used squash equipment. Rackets are one of the most important components of squash that are manufactured using aluminum or graphite and provide power to shots when in contact with a ball.
Squash offers a great cardio workout as it stimulates blood circulation and strengthens the heart, which reduces the risk of developing cardiovascular diseases (CVDs). It also assists in improving core strength, flexibility, back strength, hand-eye coordination, agility, and maintaining a healthy weight. Squash equipment is widely available at varying prices and quality and is easily available online, in department stores, and in specialty and sports shops.
In line with this, the widespread adoption of squash rackets owing to the growing prominence of squash as a popular recreational sport activity is acting as another growth-inducing factor. Along with this, the increasing demand for durable, lightweight, and high-strength rackets that offer a proper blend of weight, swing, and balance is driving the market growth.
Additionally, the rising utilization of eco-friendly raw materials to manufacture squash equipment due to the increasing environmental consciousness among the masses is providing an impetus to the market growth. Apart from this, manufacturers are replacing synthetic rubber and traditional leather with water-based adhesives, and organic and recycled plastic materials are positively influencing the market growth.
Besides this, various product innovations, such as the manufacturing of quash balls with recyclable materials and the use of advanced non-toxic materials such as a thermoplastic elastomer, are propelling the market growth. Other factors, including the rising expenditure capacities of consumers, growing health consciousness, and the implementation of various government initiatives to encourage youngsters to participate in different sports activities and to promote various national as well as international sports, are anticipated to drive the market growth.
Squash equipment refers to products used to play a single or doubles game of squash on a four-walled court. Rackets, balls, shoes, and sports clothing are some of the commonly used squash equipment. Rackets are one of the most important components of squash that are manufactured using aluminum or graphite and provide power to shots when in contact with a ball.
Squash offers a great cardio workout as it stimulates blood circulation and strengthens the heart, which reduces the risk of developing cardiovascular diseases (CVDs). It also assists in improving core strength, flexibility, back strength, hand-eye coordination, agility, and maintaining a healthy weight. Squash equipment is widely available at varying prices and quality and is easily available online, in department stores, and in specialty and sports shops.
Squash Equipment Market Trends
Growing awareness about the health benefits of playing squash across the globe is one of the creating a positive outlook for the market. Squash helps boost endurance, power lifts mood, strengthens the heart, and tones the body. Moreover, the introduction of various national and international leagues and increasing participation rates of regular players are favoring the market growth.In line with this, the widespread adoption of squash rackets owing to the growing prominence of squash as a popular recreational sport activity is acting as another growth-inducing factor. Along with this, the increasing demand for durable, lightweight, and high-strength rackets that offer a proper blend of weight, swing, and balance is driving the market growth.
Additionally, the rising utilization of eco-friendly raw materials to manufacture squash equipment due to the increasing environmental consciousness among the masses is providing an impetus to the market growth. Apart from this, manufacturers are replacing synthetic rubber and traditional leather with water-based adhesives, and organic and recycled plastic materials are positively influencing the market growth.
Besides this, various product innovations, such as the manufacturing of quash balls with recyclable materials and the use of advanced non-toxic materials such as a thermoplastic elastomer, are propelling the market growth. Other factors, including the rising expenditure capacities of consumers, growing health consciousness, and the implementation of various government initiatives to encourage youngsters to participate in different sports activities and to promote various national as well as international sports, are anticipated to drive the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global squash equipment market, along with forecasts at the global, regional, and country level from 2024-2032. The report has categorized the market based on product and distribution channel.Product Insights:
- Squash Rackets
- Squash Balls
- Squash Shoes
- Others
Distribution Channel Insights:
- Specialty and Sports Shops
- Department and Discount Stores
- Online Stores
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global squash equipment market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Asics Corporation, Black Knight Inc., Decathlon S.A. (The Association Familiale Mulliez), Dunlop Sports, Eye Rackets International B.V., Harrow Sports, HEAD Sport GmbH, Karakal Worldwide Ltd, OLIVER Sport and Squash GmbH, Spinway Sports, Tecnifibre (Lacoste S.A.), and Wilson Sporting Goods Company (Amer Sports Company), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
- How has the global squash equipment market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global squash equipment market?
- What are the key regional markets?
- Which countries represent the most attractive squash equipment markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the distribution channel?
- What is the competitive structure of the global squash equipment market?
- Who are the key players/companies in the global squash equipment market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Squash Equipment Market
6 Market Breakup by Product
7 Market Breakup by Distribution Channel
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Asics Corporation
- Black Knight Inc.
- Decathlon S.A. (The Association Familiale Mulliez)
- Dunlop Sports
- Eye Rackets International B.V.
- Harrow Sports
- HEAD Sport GmbH
- Karakal Worldwide Ltd
- OLIVER Sport and Squash GmbH
- Spinway Sports
- Tecnifibre (Lacoste S.A.)
- Wilson Sporting Goods Company (Amer Sports Company)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 688.7 Million |
| Forecasted Market Value ( USD | $ 1050 Million |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
