The Latin America, Middle East and Africa Badminton Equipment And Products Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
The inclusion of major sports brands, like Adidas and Yonex, in the badminton industry is further raising the growth opportunities for the sport. This facilitates the investing of money and resources into marketing the sport around the world. Hence, badminton is attracting attention internationally owing to its marketing initiatives and partnerships. As a result, more individuals are playing the game owing to the increased publicity.
Additionally, more and more institutions and universities are promoting badminton by constructing courts and starting clubs on the premise of advancing the sport. More young people are becoming interested in badminton because of the ongoing planning of international competitions and the success of its celebrity players. All these factors aid in the expansion of the badminton equipment and products market in the coming years.
Badminton is also growing as an interesting sport in the Latin American region. Many nations have established national badminton organizations that look after the training and resource requirements of national players and empower them to represent the nation in international competitions. For example, Associacion Uruguaya de Badminton is in charge of Badminton related activities and necessities of the national players of Uruguay. Furthermore, the sport became more well-liked after the nation joined the BWF's Shuttle Time program. Hence, the efforts of the regional governments to increase the status of badminton as an important sport are the main factors that propel the development of badminton equipment and product market.
The Brazil market dominated the LAMEA Badminton Equipment And Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $86.4 Million by 2028.The Argentina market is exhibiting a CAGR of 7.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 6.7% during (2022 - 2028).
Based on Product, the market is segmented into Racquets, Shoes, Strings, Apparel, Shuttlecocks and Accessories. Based on Distribution Channel, the market is segmented into Hypermarkets/Supermarkets, Specialty & Sports Stores and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mizuno Corporation, ASICS Corporation, YONEX Co., Ltd., Li Ning (China) Sports Goods Co., Ltd., Babolat, Apacs Sports (M) Sdn Bhd, FELET International Holdings Sdn. Bhd., VICTOR RACKETS IND.CORP., GOSEN CO., LTD., and Yehlex (UK).
The inclusion of major sports brands, like Adidas and Yonex, in the badminton industry is further raising the growth opportunities for the sport. This facilitates the investing of money and resources into marketing the sport around the world. Hence, badminton is attracting attention internationally owing to its marketing initiatives and partnerships. As a result, more individuals are playing the game owing to the increased publicity.
Additionally, more and more institutions and universities are promoting badminton by constructing courts and starting clubs on the premise of advancing the sport. More young people are becoming interested in badminton because of the ongoing planning of international competitions and the success of its celebrity players. All these factors aid in the expansion of the badminton equipment and products market in the coming years.
Badminton is also growing as an interesting sport in the Latin American region. Many nations have established national badminton organizations that look after the training and resource requirements of national players and empower them to represent the nation in international competitions. For example, Associacion Uruguaya de Badminton is in charge of Badminton related activities and necessities of the national players of Uruguay. Furthermore, the sport became more well-liked after the nation joined the BWF's Shuttle Time program. Hence, the efforts of the regional governments to increase the status of badminton as an important sport are the main factors that propel the development of badminton equipment and product market.
The Brazil market dominated the LAMEA Badminton Equipment And Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $86.4 Million by 2028.The Argentina market is exhibiting a CAGR of 7.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 6.7% during (2022 - 2028).
Based on Product, the market is segmented into Racquets, Shoes, Strings, Apparel, Shuttlecocks and Accessories. Based on Distribution Channel, the market is segmented into Hypermarkets/Supermarkets, Specialty & Sports Stores and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mizuno Corporation, ASICS Corporation, YONEX Co., Ltd., Li Ning (China) Sports Goods Co., Ltd., Babolat, Apacs Sports (M) Sdn Bhd, FELET International Holdings Sdn. Bhd., VICTOR RACKETS IND.CORP., GOSEN CO., LTD., and Yehlex (UK).
Scope of the Study
Market Segments Covered in the Report:
By Product
- Racquets
- Shoes
- Strings
- Apparel
- Shuttlecocks
- Accessories
By Distribution Channel
- Hypermarkets/Supermarkets
- Specialty & Sports Stores
- Online
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Mizuno Corporation
- ASICS Corporation
- YONEX Co., Ltd
- Li Ning (China) Sports Goods Co., Ltd
- Babolat
- Apacs Sports (M) Sdn Bhd
- FELET International Holdings Sdn. Bhd
- VICTOR RACKETS IND.CORP
- GOSEN CO., LTD
- Yehlex (UK)
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Badminton Equipment And Products Market, by Product
1.4.2 LAMEA Badminton Equipment And Products Market, by Distribution Channel
1.4.3 LAMEA Badminton Equipment And Products Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Badminton Equipment And Products Market by Product
3.1 LAMEA Racquets Market by Country
3.2 LAMEA Shoes Market by Country
3.3 LAMEA Strings Market by Country
3.4 LAMEA Apparel Market by Country
3.5 LAMEA Shuttlecocks Market by Country
3.6 LAMEA Accessories Market by Country
Chapter 4. LAMEA Badminton Equipment And Products Market by Distribution Channel
4.1 LAMEA Hypermarkets/Supermarkets Market by Country
4.2 LAMEA Specialty & Sports Stores Market by Country
4.3 LAMEA Online Market by Country
Chapter 5. LAMEA Badminton Equipment And Products Market by Country
5.1 Brazil Badminton Equipment And Products Market
5.1.1 Brazil Badminton Equipment And Products Market by Product
5.1.2 Brazil Badminton Equipment And Products Market by Distribution Channel
5.2 Argentina Badminton Equipment And Products Market
5.2.1 Argentina Badminton Equipment And Products Market by Product
5.2.2 Argentina Badminton Equipment And Products Market by Distribution Channel
5.3 UAE Badminton Equipment And Products Market
5.3.1 UAE Badminton Equipment And Products Market by Product
5.3.2 UAE Badminton Equipment And Products Market by Distribution Channel
5.4 Saudi Arabia Badminton Equipment And Products Market
5.4.1 Saudi Arabia Badminton Equipment And Products Market by Product
5.4.2 Saudi Arabia Badminton Equipment And Products Market by Distribution Channel
5.5 South Africa Badminton Equipment And Products Market
5.5.1 South Africa Badminton Equipment And Products Market by Product
5.5.2 South Africa Badminton Equipment And Products Market by Distribution Channel
5.6 Nigeria Badminton Equipment And Products Market
5.6.1 Nigeria Badminton Equipment And Products Market by Product
5.6.2 Nigeria Badminton Equipment And Products Market by Distribution Channel
5.7 Rest of LAMEA Badminton Equipment And Products Market
5.7.1 Rest of LAMEA Badminton Equipment And Products Market by Product
5.7.2 Rest of LAMEA Badminton Equipment And Products Market by Distribution Channel
Chapter 6. Company Profiles
6.1 ASICS Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Geographical Expansions:
6.2 YONEX CO., LTD.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Partnerships, Collaborations, and Agreements:
6.3 Mizuno Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.4 Li Ning (China) Sports Goods Co., Ltd.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Product Category and Regional Analysis
6.4.4 Research & Development Expenses
6.5 Apacs Sports (M) Sdn Bhd
6.5.1 Company Overview
6.6 Felet International Holdings Sdn Bhd
6.6.1 Company Overview
6.7 Victor Rackets Ind.Corp.
6.7.1 Company Overview
6.8 Gosen Co., Ltd.
6.8.1 Company Overview
6.9 Yehlex (UK)
6.9.1 Company Overview
6.10. Babolat
6.10.1 Company Overview
Companies Mentioned
- Mizuno Corporation
- ASICS Corporation
- YONEX Co., Ltd.
- Li Ning (China) Sports Goods Co., Ltd.
- Babolat
- Apacs Sports (M) Sdn Bhd
- FELET International Holdings Sdn. Bhd.
- VICTOR RACKETS IND.CORP.
- GOSEN CO., LTD.
- Yehlex (UK)
Methodology
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