The Europe Badminton Equipment And Products Market would witness market growth of 4.7% CAGR during the forecast period (2022-2028).
The badminton equipment and products market are primarily driven by the rising interest in and popularity of the sport among people of all ages. Additionally, it is projected that a rise in badminton events at the national as well as international levels, along with corporate and government sponsorship of the sport, will support market growth. The surge is expected to be supported in the coming next few years by increasing training facilities, participants, and playgrounds.
The growing popularity of the sport also influenced the increase in the number of teams in the championship tournament to 12. Due to the fact that the top-ranked players in the world compete in these competitions, increased media attention on the major competitions and tournaments is also being seen. Additionally, the two most important regional competitions worldwide are the Asian Badminton Championships and the European Badminton Championships.
In the Europe region, particularly in Denmark, Badminton is an extremely well-liked sport. The Danish population has grown fond of this game for a number of reasons. Their high rate of success and their capacity for achievement are some of the causes. In addition, the great performance of the national players in the Badminton European Championships has made it evident that Denmark is an expert in the field. All these factors establish the prominence of badminton and hence increase the demand for badminton equipment and products, thereby augmenting the expansion of the market.
The Germany market dominated the Europe 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 $261.9 Million by 2028.The UK market is anticipated to grow at a CAGR of 3.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Badminton Equipment And Products Market will Hit $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).
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