The global squash rackets market size is expected to reach USD 237.2 million by
2025 registering a CAGR of 3.6%, according to a new report by Grand View
Research, Inc. Significant increase in the number of squash sports tournaments
across the globe is the key factor for the market growth. Moreover, increasing
popularity of squash sports plays a key role in increasing the product demand.
Carbon fiber raw material segment is
expected to lead the global market over the next few years. Products made of
these materials have been gaining traction among amateur and professional
players due to lower weight and higher strength and durability. North America
was the largest regional market in 2018 and accounted for more than 30% of the
overall share. The region will retain its dominant position throughout the
forecast years.
Key companies in the squash rackets market
include Head N.V., Dunlop Sport, Tecnifibre, Wilson Sporting Goods, Prince
Global Sports, Babolat, Ektelon LLC., Amer Sports, ONE SPORTS s.r.l., and
Harrow Sports. Major manufacturers focus on new product development to expand
their market reach. For instance, in March 2019, Tecnifibre launched a new
squash racket with improved design and physical properties under the brand name
‘Tecnifibre Dynergy APX 120’. This racket has arch technology with grommets and
14*17 string patterns for increased powers.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/squash-rackets-market
https://www.grandviewresearch.com/industry-analysis/squash-rackets-market
Further key findings from the study suggest:
· North America was the largest market 2018
and will expand further at a steady CAGR over the forecast period
· Europe is expected to be the
fastest-growing regional market at a CAGR of 4.0% from 2019 to 2025 owing to
the increasing popularity of the sport
· Carbon fiber was the largest raw material
segment in 2018. The segment is projected to expand further at the fastest CAGR
from 2019 to 2025
· Brick & mortar was the largest
distribution channel segment in 2018. However, online segment will register the
maximum growth rate during the forecast years
Grand View Research has segmented the
global squash rackets market on the basis of raw material, distribution
channel, and region:
Squash Rackets Raw Material Outlook (Revenue,
USD Million, 2015 - 2025)
·
Carbon Fiber
·
Aluminum
·
Others
Squash Rackets Distribution Channel Outlook
(Revenue, USD Million, 2015 - 2025)
·
Brick & Mortar
·
Online
Squash Rackets Regional Outlook (Revenue,
USD Million, 2015 - 2025)
·
North America
o
U.S.
·
Europe
o
U.K.
o
Germany
o
France
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Egypt
·
Middle East & Africa
About
Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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