Badminton and Tennis Market Size, Share, Growth, and Industry Growth by Type (Hard goods and Soft goods) By Application (Amateur Field and Professional Field), Regional Forecast To 2031

Updated On: 08 April 2024

Badminton and Tennis Market REPORT OVERVIEW

• 
• Request a Free Sample to learn more about this report

The global badminton and tennis market size was USD 10706.33 million in 2021 and market is projected to touch USD 18902.9 million by 2031, at a CAGR of 5.85% during the forecast period.

The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Badminton is an outdoor game in which two or four players play on a rectangular court with a high net across the middle. The players score by hitting the shuttlecock and passing it from one player to another. On the other hand, tennis is also played among two or four players with a usual rectangular court with a high net across the middle.

The growing number of badminton and tennis players is predicted to drive market growth. The game is an outdoor type and is usually played between two pairs or two single players. A growing number of players and increased sports academies and tournaments are predicted to drive market growth. Massive awareness about playing outdoor games such as good for health, increased fitness level, and better alternative to cardio. Further, playing badminton helps to improve muscle strength, improve mental agility, improve heart functioning, help to reduce stress, improve flexibility, strengthen bones, boost metabolism rate, weight loss, and social interactions. These health benefits of playing badminton are predicted to drive market growth. The rising trend of the tournament and growing competition among players are estimated to fuel market progress in the upcoming years. On the contrary, a busy lifestyle and the low popularity of tennis and badminton among the population are anticipated to harm market progress in the forthcoming years. Further, fluctuations in raw material prices and difficulty in playing the games may hinder market progress.

COVID-19 Impact: Lockdown Laws and Closure of Sports Clubs to Halt Market Progress

Due to the outbreak of COVID-19, increased awareness about health took a jump. People started focusing on developing healthy habits. A shutdown of shopping centres due to lockdown restrictions. Also, lower demand for the product to halt production activities. Lack of sport competition and closure of sports clubs and filed due to lockdown restrictions to minimize market growth.

LATEST TRENDS

"Growing Trends of Sports Club Culture to Improve Market Progress"

Increased trends among the population about sports club culture encourage people to start playing tennis and badminton. Several sports clubs offer players training by a professional coach. The presence of multiple benefits of club memberships is predicted to boost the market growth. Several parents are sending their children to the club for fitness ad training games. Increased sport spirits among all age groups are also responsible for driving market progress. The inclination of the population to utilize their leisure time by joining sports clubs. Increased disposable income and the high spending capacity of the population are expected to improve market progress in the upcoming years.

Badminton and Tennis Market SEGMENTATION

• 
• Request a Free Sample to learn more about this report

• By Type

Based on type, the market is divided into hard goods and soft goods.

Hard goods are expected to be the top part of type segmentation

• By Application

Based on the application, the market is divided into the amateur field and professional field.

Amateur field is expected to be the top part of application segmentation.

DRIVING FACTORS

"Accelerating the Number of Professional Tennis and Badminton Competitions to Boost Market Growth "

An escalating number of professional competitions and an increased number of female players such as Sania Nehwal and P.V. Sindhu are motivating female players to start their careers. Several other players in the game are encouraging players to participate in sports. Further, playing sports helps to develop life skills such as discipline, leadership, sportsmanship, and others. The game is an outdoor type and usually played between two pairs or two single players. A growing number of players and increased sports academies and tournaments are predicted to drive market growth.

"Preferences Towards a Healthy Lifestyle to Stimulate Market Growth "

Massive awareness about playing outdoor games, such as good for health, increased fitness level, and better alternative to cardio. Further, playing badminton helps to improve muscle strength, improve mental agility, improve heart functioning, helps to reduce stress, improve flexibility, strengthen bones, boost metabolism rate, weight loss, and improve social interactions. These health benefits of playing badminton are predicted to drive market growth. The rising trend of the tournament and growing competition among players are estimated to fuel badminton and tennis market progress in the upcoming years.

RESTRAINING FACTORS

"Lower Rate of Popularity of Badminton and Tennis among Population to Harm Market Growth "

A busy lifestyle and the low popularity of tennis and badminton among the population are anticipated to harm market progress in the upcoming years. Further, fluctuations in raw material prices and difficulty in playing the games may hinder market progress.

Badminton and Tennis Market REGIONAL INSIGHTS

• 
• Request a Free Sample to learn more about this report

"Growing Population of North America Found Outdoor Games to Drive Market Share"

North America is estimated to dominate the badminton and tennis market share owing growing population found of outdoor games. Huge fan following of badminton games and the presence of market players are anticipated to drive market growth. Rising trend of the tournament and growing competition among players is estimated to fuel market progress in the upcoming years. Increased spending capacity and disposable income are predicted to drive market progress.

Asia Pacific is expected to show significant market progress over the forecast period owing to the growing popularity of sports. Rise in modernization and globalization is predicted to boost market progress. Further, playing badminton helps to improve muscle strength, improve mental agility, improve heart functioning, helps to reduce stress, improve flexibility, strengthen bones, boost metabolism rate, weight loss, and improve social interactions. These health benefits of playing badminton is predicted to drive market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Adidas (Germany)
• Dunlop (U.S.)
• VOLKL (Germany)
• Head (Austria)
• Teloon (Singapore)
• Nike (U.S.)
• OLIVER (U.S.)
• Prince (U.S.)
• Babolat (France)
• Yonex (Japan)
• Wilson (U.S.)
• Tecnifibre (France)
• KAWASAKI (Japan)
• Victor (Taiwan)
• Li-Ning (China)
• DHS

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.