Asia Pacific Badminton Equipment And Products Market Size, Share & Industry Trends Analysis Report By Product (Racquets, Shoes, Strings, Apparel, Shuttlecocks and Accessories), By Distribution Channel, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Badminton Equipment And Products Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
Players who play badminton frequently and vigorously face a larger risk of injury if they don't have the right equipment. Therefore, individuals and players spend money on quality badminton equipment to advance more quickly in the sport. Many individuals also entrust that selecting the right gear to complement the playing style is key to improving overall performance.
Playing style guides the use of certain sports equipment. For example, a power racquet aids professional player in executing powerful smashes. However, since a power racquet is heavier than a control racket, if a beginner or trainee uses one, they might not be capable of performing well and could even hurt themselves. Furthermore, proper badminton sports clothes enable swift movement around the court. As a result of this, it is growing in demand as well.
In most Asian nations, badminton is a very well-liked sport. The current top players in the world are from nations like China and Indonesia. Because of this, they frequently win the majority of international competitions, some of which are held in these nations. In China, Badminton is a popular sport that is played in both high schools and colleges all around the nation. The game is equally enjoyable for adults and kids. There are numerous fans of the sport, and China has presented many elite athletes and Olympic medalists. For many years, China has been a great performer in badminton and has routinely placed first in international championships. This, along with the prominence of the sport, is driving the market demand for badminton equipment and product.
The China market dominated the Asia Pacific 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 $515.5 Million by 2028. The Japan market is estimated to grow a CAGR of 4.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5.8% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Badminton Equipment And Products Market is Projected to reach USD 4.6 Billion by 2028, at a CAGR of 4.9%
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 Distribution Channel
- Specialty & Sports Stores
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Mizuno Corporation
- ASICS Corporation
- YONEX Co., Ltd.
- Li Ning (China) Sports Goods Co., Ltd.
- Apacs Sports (M) Sdn Bhd
- FELET International Holdings Sdn. Bhd.
- VICTOR RACKETS IND.CORP.
- GOSEN CO., LTD.
- Yehlex (UK)
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