North America 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 North America Badminton Equipment And Products Market would witness market growth of 4.2% CAGR during the forecast period (2022-2028).
The most appropriate badminton racquets should weigh between 70 and 95 grams and be lightweight. Carbon fiber composite is used in modern racquets, which is expected to boost the market growth. Even with restrictions on size and shape, the rackets come in a wide variety of designs. Oval-shaped racquets have been used extensively and are still readily available.
Badminton is becoming more and more popular because it is simple to play and learn. It is assumed that approximately an hour of badminton play burns about 450 calories and lowers the risk of diseases. Additionally, it is thought that the popularity of badminton among children will spur market expansion. A recent trend is to use more lightweight resources by incorporating nanomaterial into badminton equipment.
In this region, the USAB (USA Badminton) and Badminton Canada are two prominent national bodies that govern the rules, regulations, and tournament schedules related to the sport. The USAB'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. Badminton Canada is made up of 13 member organizations that represent all of Canada's provinces and territories. Both of these organizations have increased their efforts in raising the prominence of badminton at par with other famous sports by organizing tournaments. Such factors have raised regional awareness about the sport in general and thus help in boosting the growth of the badminton equipment and products market.
The US market dominated the North America 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 $917.8 Million by 2028.The Canada market is poised to grow at a CAGR of 6.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Badminton Equipment And Products Market is Estimated to reach $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
- Rest of North America
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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