Industry Background:
The global table tennis product market is expected to witness high growth in the forecasted period due to the growing popularity of the game in the young generation. The table tennis products include various equipment such as the bat, ball and table. the rising demand due to the online availability of the product will help to boost the global table tennis products market. Table tennis is being widely used with the rising popularity and an increasing number of sports clubs which include table tennis. Additionally, The International Table Tennis Federation (ITTF), the governing body for Table Tennis events worldwide, is focusing on expanding the scope of the game by developing the skills of the players and holding training programs to increase regular participation worldwide.
This growth is primarily driven by Increasing Initiation to Drive Regular Participation and Rising Popularity of Table Tennies in the World.
Globally, a noticeable market trend is evident Increasing Celebrities' Association with Table Tennis in the United States
. The Consumer Goods sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Double Happiness (DHS) (Estonia), DONIC (Germany), JOOLA Tischtennis GmbH & Co. KG (Germany), AVALLO AVX (Malaysia), NIPPON TAKKYU Co., Ltd. (Japan), Tibhar (Germany), STIGA Sports AB (Sweden) and Yasaka Co. Ltd. (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
"Table tennis regulations approved by the International Table Tennis Federation (ITTF) allow different surfaces on each side of the paddle for various amounts of spin (including nullifying it) or speed. For example, a player may have a spin-heavy rubber on one side of his paddle, and no spin on the other side. The player can flip the racket in play for different types of returns. To help a player distinguish between different types of rubber used by his opponent, regulations specify that one side of a paddle must be red while the other must be black, allowing a player to see what side of a paddle hits the ball mid-play. The player has the right to inspect his opponent's racket before a match to see the type and color. Current rules state that, unless damaged in play, the paddle cannot be exchanged for another at any time during a match "
Market Drivers
- Increasing Initiation to Drive Regular Participation
- Rising Popularity of Table Tennies in the World
Market Trend
- Increasing Celebrities' Association with Table Tennis in the United States
- Availability of Upgraded Equipemnt Quality
Restraints
- Availability Of Rental Products
Opportunities
Increasing Number of Players as well as Tournaments Worldwide and Growing Adoption of Table Tennis as a Social-Gathering Sport and Leisure in Pubs and Clubs
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Table tennis product Study Sheds Light on
The Table tennis product Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Table tennis product industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Table tennis product industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.