The Global Badminton Equipment And Products Market size is expected to reach $4.6 billion by 2028, rising at a market growth of 4.9% CAGR during the forecast period.
Badminton is a common sport, which is played in either singles or doubles in the tournament, indoor, and outdoor settings. Equipment such as rackets, shuttlecocks, grips, strings, shoes, and netting are necessary for playing badminton. They come in a variety of forms and sizes, according to the need.
In this game, each side hits the shuttlecock once against the net before it lands on the ground. The sides are demarcated by the net tied in the middle of the court. The game is known to have many benefits, like improving a player's lung health, flexibility, and muscle strength. A shuttlecock is a sports object that is used in badminton. A racquet is made up of a handle frame, an open hoop that is stretched tautly, and strings.
Apart from badminton, racquets are used in many sports like racket ball, tennis, and paddle to hit a ball or shuttlecock. Bats and paddles are some other common terms used to describe racquets without networked strings and with solid or perforated hitting surfaces. However, badminton is specifically used to describe the racquets used to play with a shuttlecock. Over the years, badminton's design has evolved.
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).
Badminton is a common sport, which is played in either singles or doubles in the tournament, indoor, and outdoor settings. Equipment such as rackets, shuttlecocks, grips, strings, shoes, and netting are necessary for playing badminton. They come in a variety of forms and sizes, according to the need.
In this game, each side hits the shuttlecock once against the net before it lands on the ground. The sides are demarcated by the net tied in the middle of the court. The game is known to have many benefits, like improving a player's lung health, flexibility, and muscle strength. A shuttlecock is a sports object that is used in badminton. A racquet is made up of a handle frame, an open hoop that is stretched tautly, and strings.
Apart from badminton, racquets are used in many sports like racket ball, tennis, and paddle to hit a ball or shuttlecock. Bats and paddles are some other common terms used to describe racquets without networked strings and with solid or perforated hitting surfaces. However, badminton is specifically used to describe the racquets used to play with a shuttlecock. Over the years, badminton's design has evolved.
COVID-19 Impact Analysis
The badminton products and equipment market was adversely affected by the COVID-19 pandemic. Sales of most consumer products drastically dropped during the period as a result of store closures imposed by lockdown and quarantine procedures. Additionally, the pandemic hampered offline sales of badminton gear and items in numerous nations due to social isolation and other policies encouraging people to stay at home. But the relaxation in the social distancing laws was highly beneficial for the sport as this is essentially a non-contact sport, meaning that there is no physical contact between the participants while the game is being played. It is safer and less physically demanding as a result. As a result, after the restoration of online sales channels, the market grew positively.Market Growth Factors
Rising number of international and national badminton leagues
The rising presence of more badminton leagues at the district, regional/province, national, and international levels around the world has greatly increased the potential for suppliers of badminton equipment. In addition, people are being encouraged to begin playing badminton by enrolling in any one of the sports groups. Numerous sports clubs provide instruction on badminton racquets by qualified teachers and also increase the awareness of a variety of available equipment options in addition to game practice. Additionally, after the pandemic, the general populace is motivated to make use of their free time and join sports teams. Hence, the increasing participation of people in this sport influenced by the numerous badminton leagues is boosting the growth of the badminton equipment and products market significantly.Increasing penetration of online distribution channelss
The increase in the sales of badminton products and supplies through online channels, especially after the pandemic, is positively influencing the market. Additionally, the growth of the e-commerce sector has created the excellent potential for suppliers and manufacturers in the market. In order to serve end customers all over the world, distributors and manufacturers of badminton equipment are concentrating on selling their goods on e-commerce websites. All these factors are bolstering the expansion of the badminton equipment and products market.Market Restraining Factors
Low popularity of the sport in many nations
Due to the low popularity of the badminton sport, many aspiring players could have trouble breaking into the spotlight. The market's expansion is also constrained by the low awareness of the existence of the sport as well as a lack of knowledge regarding the availability of equipment. Additionally, the fluctuating price of badminton equipment like racquets as a result of changes in the cost of raw materials further decreases the popularity of the sport. Moreover, for a number of reasons, badminton is not the preferred sport in many developed or western nations. Another factor contributing to the sport's stagnation in comparison to other Olympic-winning sports is its lack of success. Therefore, the lack of popularity of the sport is a prominent factor hampering the growth of the badminton equipment and products market.Product Outlook
Based on product, the badminton equipment and products market is categorized into apparel, shoes, racquets, strings, shuttlecocks, and accessories. The racquet segment garnered the highest revenue share in the badminton equipment and products market in 2021. Growing consumer demand for high-quality, material-based racquets fuels the expansion of the segment. Industry participants are also investing in substantial racquet innovation to develop a highly durable and flexible racquet that aids in powerful delivery. In addition, the significant racquet imports into the developed economies also helped in maintaining the market.Distribution Channel Outlook
On the basis of distribution channel, the badminton equipment and products market is divided into hypermarkets/supermarkets, specialty & sport stores, and others. The specialty and sports stores segment witnessed a significant revenue share in the badminton equipment and products market in 2021. Due to a bigger distribution network and increased product availability, the segment's growth prospects are expected to be quite favorable, especially as e-commerce platforms gain popularity since most specialty stores have a well-established online presence as well. These elements affect manufacturers' decisions to sell their goods online.Regional Outlook
Based on region, the badminton equipment and products market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment procured a remarkable growth rate in the badminton equipment and products market in 2021. The population's increasing involvement in badminton and the presence of many well-known badminton players are the main factors responsible for the growth of the segment. In addition, the large concentration of players who favor gear and goods with distinctive qualities and brand value has led to an increase in product demand. The market is also expanding as a result of the increased imports of badminton equipment into the United States.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 Geography
North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- 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
- Subscription-based model available
- Guaranteed best price
- 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 Global Badminton Equipment And Products Market, by Product
1.4.2 Global Badminton Equipment And Products Market, by Distribution Channel
1.4.3 Global Badminton Equipment And Products Market, by Geography
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. Global Badminton Equipment And Products Market by Product
3.1 Global Racquets Market by Region
3.2 Global Shoes Market by Region
3.3 Global Strings Market by Region
3.4 Global Apparel Market by Region
3.5 Global Shuttlecocks Market by Region
3.6 Global Accessories Market by Region
Chapter 4. Global Badminton Equipment And Products Market by Distribution Channel
4.1 Global Hypermarkets/Supermarkets Market by Region
4.2 Global Specialty & Sports Stores Market by Region
4.3 Global Online Market by Region
Chapter 5. Global Badminton Equipment And Products Market by Region
5.1 North America Badminton Equipment And Products Market
5.1.1 North America Badminton Equipment And Products Market by Product
5.1.1.1 North America Racquets Market by Country
5.1.1.2 North America Shoes Market by Country
5.1.1.3 North America Strings Market by Country
5.1.1.4 North America Apparel Market by Country
5.1.1.5 North America Shuttlecocks Market by Country
5.1.1.6 North America Accessories Market by Country
5.1.2 North America Badminton Equipment And Products Market by Distribution Channel
5.1.2.1 North America Hypermarkets/Supermarkets Market by Country
5.1.2.2 North America Specialty & Sports Stores Market by Country
5.1.2.3 North America Online Market by Country
5.1.3 North America Badminton Equipment And Products Market by Country
5.1.3.1 US Badminton Equipment And Products Market
5.1.3.1.1 US Badminton Equipment And Products Market by Product
5.1.3.1.2 US Badminton Equipment And Products Market by Distribution Channel
5.1.3.2 Canada Badminton Equipment And Products Market
5.1.3.2.1 Canada Badminton Equipment And Products Market by Product
5.1.3.2.2 Canada Badminton Equipment And Products Market by Distribution Channel
5.1.3.3 Mexico Badminton Equipment And Products Market
5.1.3.3.1 Mexico Badminton Equipment And Products Market by Product
5.1.3.3.2 Mexico Badminton Equipment And Products Market by Distribution Channel
5.1.3.4 Rest of North America Badminton Equipment And Products Market
5.1.3.4.1 Rest of North America Badminton Equipment And Products Market by Product
5.1.3.4.2 Rest of North America Badminton Equipment And Products Market by Distribution Channel
5.2 Europe Badminton Equipment And Products Market
5.2.1 Europe Badminton Equipment And Products Market by Product
5.2.1.1 Europe Racquets Market by Country
5.2.1.2 Europe Shoes Market by Country
5.2.1.3 Europe Strings Market by Country
5.2.1.4 Europe Apparel Market by Country
5.2.1.5 Europe Shuttlecocks Market by Country
5.2.1.6 Europe Accessories Market by Country
5.2.2 Europe Badminton Equipment And Products Market by Distribution Channel
5.2.2.1 Europe Hypermarkets/Supermarkets Market by Country
5.2.2.2 Europe Specialty & Sports Stores Market by Country
5.2.2.3 Europe Online Market by Country
5.2.3 Europe Badminton Equipment And Products Market by Country
5.2.3.1 Germany Badminton Equipment And Products Market
5.2.3.1.1 Germany Badminton Equipment And Products Market by Product
5.2.3.1.2 Germany Badminton Equipment And Products Market by Distribution Channel
5.2.3.2 UK Badminton Equipment And Products Market
5.2.3.2.1 UK Badminton Equipment And Products Market by Product
5.2.3.2.2 UK Badminton Equipment And Products Market by Distribution Channel
5.2.3.3 France Badminton Equipment And Products Market
5.2.3.3.1 France Badminton Equipment And Products Market by Product
5.2.3.3.2 France Badminton Equipment And Products Market by Distribution Channel
5.2.3.4 Russia Badminton Equipment And Products Market
5.2.3.4.1 Russia Badminton Equipment And Products Market by Product
5.2.3.4.2 Russia Badminton Equipment And Products Market by Distribution Channel
5.2.3.5 Spain Badminton Equipment And Products Market
5.2.3.5.1 Spain Badminton Equipment And Products Market by Product
5.2.3.5.2 Spain Badminton Equipment And Products Market by Distribution Channel
5.2.3.6 Italy Badminton Equipment And Products Market
5.2.3.6.1 Italy Badminton Equipment And Products Market by Product
5.2.3.6.2 Italy Badminton Equipment And Products Market by Distribution Channel
5.2.3.7 Rest of Europe Badminton Equipment And Products Market
5.2.3.7.1 Rest of Europe Badminton Equipment And Products Market by Product
5.2.3.7.2 Rest of Europe Badminton Equipment And Products Market by Distribution Channel
5.3 Asia Pacific Badminton Equipment And Products Market
5.3.1 Asia Pacific Badminton Equipment And Products Market by Product
5.3.1.1 Asia Pacific Racquets Market by Country
5.3.1.2 Asia Pacific Shoes Market by Country
5.3.1.3 Asia Pacific Strings Market by Country
5.3.1.4 Asia Pacific Apparel Market by Country
5.3.1.5 Asia Pacific Shuttlecocks Market by Country
5.3.1.6 Asia Pacific Accessories Market by Country
5.3.2 Asia Pacific Badminton Equipment And Products Market by Distribution Channel
5.3.2.1 Asia Pacific Hypermarkets/Supermarkets Market by Country
5.3.2.2 Asia Pacific Specialty & Sports Stores Market by Country
5.3.2.3 Asia Pacific Online Market by Country
5.3.3 Asia Pacific Badminton Equipment And Products Market by Country
5.3.3.1 China Badminton Equipment And Products Market
5.3.3.1.1 China Badminton Equipment And Products Market by Product
5.3.3.1.2 China Badminton Equipment And Products Market by Distribution Channel
5.3.3.2 Japan Badminton Equipment And Products Market
5.3.3.2.1 Japan Badminton Equipment And Products Market by Product
5.3.3.2.2 Japan Badminton Equipment And Products Market by Distribution Channel
5.3.3.3 India Badminton Equipment And Products Market
5.3.3.3.1 India Badminton Equipment And Products Market by Product
5.3.3.3.2 India Badminton Equipment And Products Market by Distribution Channel
5.3.3.4 South Korea Badminton Equipment And Products Market
5.3.3.4.1 South Korea Badminton Equipment And Products Market by Product
5.3.3.4.2 South Korea Badminton Equipment And Products Market by Distribution Channel
5.3.3.5 Singapore Badminton Equipment And Products Market
5.3.3.5.1 Singapore Badminton Equipment And Products Market by Product
5.3.3.5.2 Singapore Badminton Equipment And Products Market by Distribution Channel
5.3.3.6 Malaysia Badminton Equipment And Products Market
5.3.3.6.1 Malaysia Badminton Equipment And Products Market by Product
5.3.3.6.2 Malaysia Badminton Equipment And Products Market by Distribution Channel
5.3.3.7 Rest of Asia Pacific Badminton Equipment And Products Market
5.3.3.7.1 Rest of Asia Pacific Badminton Equipment And Products Market by Product
5.3.3.7.2 Rest of Asia Pacific Badminton Equipment And Products Market by Distribution Channel
5.4 LAMEA Badminton Equipment And Products Market
5.4.1 LAMEA Badminton Equipment And Products Market by Product
5.4.1.1 LAMEA Racquets Market by Country
5.4.1.2 LAMEA Shoes Market by Country
5.4.1.3 LAMEA Strings Market by Country
5.4.1.4 LAMEA Apparel Market by Country
5.4.1.5 LAMEA Shuttlecocks Market by Country
5.4.1.6 LAMEA Accessories Market by Country
5.4.2 LAMEA Badminton Equipment And Products Market by Distribution Channel
5.4.2.1 LAMEA Hypermarkets/Supermarkets Market by Country
5.4.2.2 LAMEA Specialty & Sports Stores Market by Country
5.4.2.3 LAMEA Online Market by Country
5.4.3 LAMEA Badminton Equipment And Products Market by Country
5.4.3.1 Brazil Badminton Equipment And Products Market
5.4.3.1.1 Brazil Badminton Equipment And Products Market by Product
5.4.3.1.2 Brazil Badminton Equipment And Products Market by Distribution Channel
5.4.3.2 Argentina Badminton Equipment And Products Market
5.4.3.2.1 Argentina Badminton Equipment And Products Market by Product
5.4.3.2.2 Argentina Badminton Equipment And Products Market by Distribution Channel
5.4.3.3 UAE Badminton Equipment And Products Market
5.4.3.3.1 UAE Badminton Equipment And Products Market by Product
5.4.3.3.2 UAE Badminton Equipment And Products Market by Distribution Channel
5.4.3.4 Saudi Arabia Badminton Equipment And Products Market
5.4.3.4.1 Saudi Arabia Badminton Equipment And Products Market by Product
5.4.3.4.2 Saudi Arabia Badminton Equipment And Products Market by Distribution Channel
5.4.3.5 South Africa Badminton Equipment And Products Market
5.4.3.5.1 South Africa Badminton Equipment And Products Market by Product
5.4.3.5.2 South Africa Badminton Equipment And Products Market by Distribution Channel
5.4.3.6 Nigeria Badminton Equipment And Products Market
5.4.3.6.1 Nigeria Badminton Equipment And Products Market by Product
5.4.3.6.2 Nigeria Badminton Equipment And Products Market by Distribution Channel
5.4.3.7 Rest of LAMEA Badminton Equipment And Products Market
5.4.3.7.1 Rest of LAMEA Badminton Equipment And Products Market by Product
5.4.3.7.2 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
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 172 |
| Published | January 2023 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 3304.9 Million |
| Forecasted Market Value ( USD | $ 4590.2 Million |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
