About Badminton Equipment
Badminton equipment is those type of equipment which is used for playing the game of badminton. It consists of a ball of cork, racket, net and other equipment. It is widely used in indoor sport, outdoor sport, sports association, and others. The rising number of a sporting event in both developed and developing countries and growing adoption across sports industries are the key factors that will drive the badminton equipment market growth in the coming years.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global badminton equipment market is characterized as highly fragmented industry owing to the presence of multiple global as well as regional players. Various players are operating in the badminton equipment market such as Li-Ning (China), SportsDirect.com Retail Ltd. (United Kingdom), Trump Sports Co., Ltd (China), among others. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Badminton Equipment market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Li-Ning (China), SportsDirect.com Retail Ltd. (United Kingdom), Trump Sports Co., Ltd (China), Tatt Seng Sporting Goods Sdn. Bhd (Malaysia), Yehlex (United Kingdom), Asics (United States), Asha way (India), Ruby Glamour Sdn. Bhd. (Malaysia), Amer Sports Oyj (Finland), Dunlop Sports Group (United States) and Tecnifibre SACA (France are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are ProKennex (Taiwan), Babolat (France), Apacs Sports (United Kingdom), Wilson (United States), SOTX (United States), Gosen (Japan) and Kawasaki (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Badminton Equipment market by Type (Badminton Net, Badminton Racket, Badminton Stand, Badminton Shoes, Badminton Shuttlecock and Badminton Accessories {Grip, Badminton Clothes, Socks, Wrist Band, and others}), Application (Outdoor Sport, Indoor Sport, Sport Association and Other Sports & Entertainment) and Region.
On the basis of geography, the market of Badminton Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Gender, the sub-segment i.e. Male will boost the Badminton Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption in Commercial Premise for Children Playground and Increasing Number of Customer from Online Channel
Market Growth Drivers:
Growing Sports Leagues and Increasing Number of Events with Large Prize Pools and Rising Attraction towards Sports and Growing Adoption across Sport Industries
Challenges:
High Prices of Some Badminton Equipment Product
Restraints:
Issue related to Rising Raw Material Cost and Less Durability
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others and Government Initiatives to Promote Sports Event across the world
Market Leaders and their expansionary development strategies
For a cash payment of £12,750,000, Sports Direct International Plc, the largest sports goods retailer in the UK, has completed the acquisition of the operations and assets of the clothing retailer Jack Wills from Jack Wills Limited (which is in administration). This includes all of the stores and inventory in the UK and Republic of Ireland as well as the global Jack Wills brand
In May 2019, The Badminton World Federation (BWF) has launched an outdoor badminton game, which is known as AirBadminton. In addition, which is suitable for all people to play badminton on grass, sand, beached. Hence, this launched will affect the growth of the market in the future.
Key Target Audience
Badminton Equipment Manufacturers Companies, Regulatory bodies, Intermediary suppliers and End Users
Key Finding and Research Objectives
The primary objective is to underline the competitive structure of badminton equipment Industry. The research includes study of several small to medium-sized companies that compete with each other and large enterprises. Identify regional factors impacting production studied at Global scale. Insights on Regulatory & Economic policies by geography giving ease to Market entry. What product features & benefits offered by Industry players studied and broken down by diverse group of customer class.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.