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The global badminton racket market is anticipated to rise substantially in the coming years. A badminton racket is a lightweight, oval-shaped frame with a network of strings used to hit the shuttlecock in the game of badminton. Modern rackets are made of materials such as graphite, carbon fiber, or aluminum to provide durability, strength, and flexibility. There are diverse types of badminton rackets available with various head shapes, weights, and shaft flexibility as per the different playing styles and preferences.
The COVID-19 outbreak adversely impacted the growth of several industries, including retail, leisure, recreation, hospitality, sports, travel, and tourism across the globe, notably in 2020 and 2021. The manufacturers of badminton rackets have also experienced complete closure of national and international borders, supply restrictions, social distancing policies, and cancellation of badminton sports events across the globe.
Increasing Popularity of Badminton as a Sport to Boost Market Growth
The growing popularity of badminton in professional leagues, the surge in health and fitness benefits, increasing cultural influence, and easy accessibility of badminton equipment drive the global badminton racket market growth. The surge in participation of individuals in badminton sports and the growing improvement in professional badminton leagues such as the BWF World Championships, Uber Cup, Olympic Games, Sudirman Cup, and BWF World Tour boost the product demand. Furthermore, the increase in consumer awareness toward health and fitness activities across the countries has encouraged consumers to participate in sports such as badminton, tennis, and golf, which has further boosted market growth.
High Cost of Badminton Rackets to Restrain Market Growth
The cost of badminton is growing owing to several factors such as technological innovation, advancement in materials, high customization, specialty design, continuously changing export & import prices, and evolving taxation policies across the globe. The manufacturers of badminton rackets continuously indulge in making rackets with high-performance materials such as graphite, carbon fiber, and nanomaterials, which are more expensive than traditional aluminum or wood, further enhancing the cost of the product. The surge in customization options and the availability of specialized racket designs make the products more expensive, resulting in restraining market growth.
Technological Advancements in Badminton Rackets to Favor Market Expansion
The surge in technological advancement in badminton has improved comfort, performance, and durability. The inclusion of high-end rackets with sensors that help measure shot speed, impact location, and racket angle has resulted in improving the performance of players and also helped players improve their skills. Furthermore, the creation of strings made with advanced materials such as titanium alloy and nylon has provided rackets with more durability, elasticity, and tension retention features. The inclusion of nanotechnology and carbon fiber materials in rackets by manufacturers to offer a better balance of power and control further fuels the growth of the badminton racket market.
The report covers the following key insights:
| By Product Type | By End User | By Distribution Channel | By Region |
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Based on product, the market is segmented into head heavy, even balance, head light, and others.
The head heavy segment holds the major market share owing to its ability to generate immense power and momentum during the swing, which results in more powerful shots. Furthermore, this racket is popular amongst professional players as it provides more power and control while smashing.
The even balance segment is projected to grow with the highest CAGR during the forecast period. The even balance racket is versatile, and it allows players to excel in both offense and defense, which makes it popular among doubles players.
On the basis of end user, the badminton racket market is divided into adults and kids.
The adult segment dominates the global market owing to factors such as increasing health and fitness awareness, growing sports accessibility, and a surge in social & recreational value amongst individuals.
The kids segment is proposed to grow with the highest CAGR over the forecast period. The increasing participation of kids in badminton across countries and the easy availability of rackets for kids further drive the product demand.
Based on the distribution channel, the market is divided into retail outlets/offline and e-commerce/online.
The retail outlets/offline segment dominates the global badminton racket market during the forecast period. The offline stores allow consumers to examine the product physically, provide immediate gratification, assess quality, and get a "touch-and-feel" experience, which further drives the market growth.
The e-commerce/online segment is proposed to grow with the utmost CAGR during the forecast period. The easy availability of sports products at competitive pricing with product comparison features, and the availability of exclusive offers & promotions at online platforms have further boosted the product demand.
Based on region, the global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Asia Pacific dominates the global badminton racket market during the forecast period. The increasing government expenditure on the development of sports infrastructure in countries such as China, India, and Australia, along with the surge in the promotion of sports on social media platforms, has further attracted a large number of players. According to the Government of India, Press Information Bureau (PIB), the Budget allocation for the Ministry of Youth Affairs and Sports has observed a substantial growth from USD 106 million in 2004-05 to USD 406 million for FY 2023-24.
North America is anticipated to grow with the utmost CAGR during the forecast period, owing to the rising popularity of badminton as both a competitive and recreational sport across the region.
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