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Global Racket Sports Equipment Market will Exhibit Negative Impact During 2020-2024 | Increase in Number of Tournaments to Improve the Market Growth | Technavio


Technavio has been monitoring the racket sports equipment market, operating under the consumer discretionary industry. The latest report on racket sports equipment market, 2020-2024 estimates it to register an incremental growth of USD 331.48 million, at a CAGR of about 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Amer Sports Corp., ASICS Corp., Authentic Brands Group LLC, Babolat Co., Dunlop International Europe Ltd., GAMMA Sports, HEAD Sport GmbH, Li Ning Co. Ltd., VICTOR RACKETS Ind. Corp. and YONEX Co. Ltd. are among some of the major market participants.

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Increase in number of tournaments has been instrumental in driving the growth of the market. However, the high cost of equipment might hamper market growth.

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Racket Sports Equipment Market 2020-2024: Segmentation

Racket Sports Equipment Market is segmented as below:

Based on geographic segmentation, over 38% of the market growth originated from APAC during the forecast period. In addition, tennis equipment segment led the growth under the products. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.

Racket Sports Equipment Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The racket sports equipment market report covers the following areas:

This study identifies the increase in the number of racket sports courts worldwide as one of the prime reasons driving the Racket Sports Equipment Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Racket Sports Equipment Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Distribution channel

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.


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