Global Badminton Equipment And Products Market is valued at approximately USD 1808.36 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2022-2029. The market is primarily driven by the rising interest in and popularity of badminton among people worldwide of all ages. Additionally, it is projected that an increase in badminton events at the national and international levels, as well as government and corporate sponsorship of the sport, will support market growth. For instance, USA Badminton and the Badminton World Federation announced their cooperation in September 2022 in order to increase badminton's commercial growth and popularity in the United States. The sector is also expected to be supported in the next years by an increase in participants, training facilities, and playgrounds. Moreover, rising initiative by the key market players is driving the growth for the market.
In order to meet customer demand, badminton equipment manufacturers also continuously endeavour to add new features to their products. For instance, in January 2021, YONEX CO., LTD. unveiled the revolutionary POWER CUSHION ECLIPSION Z for footwear. The ECLIPSION series gives athletes the confidence they need to execute even the most elaborate or nuanced footwork thanks to its emphasis on stability. Additionally, a number of organisations like USA Badminton (USAB) and the Badminton World Federation (BWF), encourage the expansion of badminton sports' global appeal, opening up enormous market expansion prospects. As an illustration, USAB is the acknowledged national governing body for badminton in the United States. The organization's primary objectives as the sport's national governing body are to promote and encourage greater badminton participation across the country as well as to assist and develop American athletes. However, high cost of the products is restraining the market growth over the forecast period 2022-2029.
The key regions considered for the Global Badminton Equipment And Products Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of global revenue in 2021, Asia Pacific dominated the market for badminton products and equipment. One of the key aspects influencing the regional industry has been the abundance of badminton players in this area. The largest portion of the badminton equipment and product industry was influenced by badminton's significant popularity in China, Japan, Indonesia, and other nations. Over the projected period, the badminton equipment and product market in North America is anticipated to develop at the quickest CAGR among all regions. The large concentration of badminton players who favour gear and goods with distinctive qualities and brand value has led to an increase in product demand.
Major market players included in this report are:
- YONEX Co., Ltd.
- Mizuno Corporation
- Li Ning (China) Sports Goods Co., Ltd.
- Babolat
- Apacs Sports (M) Sdn Bhd
- FELET International Holdings Sdn. Bhd.
- ASICS Corporation.
- GOSEN CO., LTD.
- Yehlex
- VICTOR RACKETS IND.CORP.
Recent Developments in the Market:
- Yonex Co., LTD introduced the POWER CUSHION AERUS Z badminton shoes in October 2022. The POWER CUSHION AERUS X is intended to be a cosy, lightweight model with a basic function set.
- Babolat announced the release of two new badminton racquets, the EVO AERO and EVO AERO LITE, in October 2022. These racquets offer easy power, comfort, and greater spin. Babolat EVO racquets are designed for players who prefer entertaining, lively games to intense, play-to-win encounters.
- A favourite of badminton legend Lin Dan, the COMFORT Z series was re-announced by Yonex Co., LTD in June 2022.
Global Badminton Equipment And Products Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Products, Distribution Channel, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Products:
- Apparel
- Shoes
- Racquets
- Strings
- Shuttlecocks
- Accessories
By Distribution Channel:
- Hypermarkets/Supermarkets
- Specialty and Sports Stores
- Online
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Badminton Equipment And Products Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Badminton Equipment And Products Market, by Product, 2019-2029 (USD Million)
- 1.2.3. Badminton Equipment And Products Market, by Distribution Channel, 2019-2029 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Badminton Equipment And Products Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Badminton Equipment And Products Market Dynamics
- 3.1. Badminton Equipment And Products Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing number of badminton events
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Badminton Equipment And Products
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing initiatives for badminton products
Chapter 4. Global Badminton Equipment And Products Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Badminton Equipment And Products Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Badminton Equipment And Products Market by Product, Performance - Potential Analysis
- 6.3. Global Badminton Equipment And Products Market Estimates & Forecasts by Product 2019-2029 (USD Million)
- 6.4. Badminton Equipment And Products Market, Sub Segment Analysis
- 6.4.1. Apparel
- 6.4.2. Shoes
- 6.4.3. Racquets
- 6.4.4. Strings
- 6.4.5. Shuttlecocks
- 6.4.6. Accessories
Chapter 7. Global Badminton Equipment And Products Market, by Distribution Channel
- 7.1. Market Snapshot
- 7.2. Global Badminton Equipment And Products Market by Distribution Channel, Performance - Potential Analysis
- 7.3. Global Badminton Equipment And Products Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Million)
- 7.4. Badminton Equipment And Products Market, Sub Segment Analysis
- 7.4.1. Hypermarkets/Supermarkets
- 7.4.2. Specialty and Sports Stores
- 7.4.3. Online
Chapter 8. Global Badminton Equipment And Products Market, Regional Analysis
- 8.1. Badminton Equipment And Products Market, Regional Market Snapshot
- 8.2. North America Badminton Equipment And Products Market
- 8.2.1. U.S. Badminton Equipment And Products Market
- 8.2.1.1. Product breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. Distribution Channel breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Badminton Equipment And Products Market
- 8.3. Europe Badminton Equipment And Products Market Snapshot
- 8.3.1. U.K. Badminton Equipment And Products Market
- 8.3.2. Germany Badminton Equipment And Products Market
- 8.3.3. France Badminton Equipment And Products Market
- 8.3.4. Spain Badminton Equipment And Products Market
- 8.3.5. Italy Badminton Equipment And Products Market
- 8.3.6. Rest of Europe Badminton Equipment And Products Market
- 8.4. Asia-Pacific Badminton Equipment And Products Market Snapshot
- 8.4.1. China Badminton Equipment And Products Market
- 8.4.2. India Badminton Equipment And Products Market
- 8.4.3. Japan Badminton Equipment And Products Market
- 8.4.4. Australia Badminton Equipment And Products Market
- 8.4.5. South Korea Badminton Equipment And Products Market
- 8.4.6. Rest of Asia Pacific Badminton Equipment And Products Market
- 8.5. Latin America Badminton Equipment And Products Market Snapshot
- 8.5.1. Brazil Badminton Equipment And Products Market
- 8.5.2. Mexico Badminton Equipment And Products Market
- 8.5.3. Rest of Latin America Badminton Equipment And Products Market
- 8.6. Rest of The World Badminton Equipment And Products Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. YONEX Co., Ltd.
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Mizuno Corporation
- 9.2.3. Li Ning (China) Sports Goods Co., Ltd.
- 9.2.4. Babolat
- 9.2.5. Apacs Sports (M) Sdn Bhd
- 9.2.6. FELET International Holdings Sdn. Bhd.
- 9.2.7. ASICS Corporation.
- 9.2.8. GOSEN CO., LTD.
- 9.2.9. Yehlex
- 9.2.10. VICTOR RACKETS IND.CORP.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption