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Sports have always been popular among the people in Europe, owing to which the sport and fitness equipment industry has witnessed steady growth for many years. Sporting goods include different types of products such as apparel, equipment, and shoes. They are used for various purposes, such as body protection, performance enhancement, aesthetic improvement, and others. The rising prevalence of obesity in Europe, which is fuelling demand for fitness-related sports equipment, is expected to boost the sporting goods market growth. According to the most recent WHO Childhood Obesity Surveillance Initiative (COSI) data (2015-2017), southern European countries have the highest rate of child obesity. In Cyprus, Greece, Italy, Malta, San Marino, and Spain, one in every five boys (18% to 21%) is obese. As a result, the region's rising obesity rate is driving demand for fitness-related goods, which is driving the market growth for sporting goods. The growing emphasis of European governments on promoting various racket sports activities in the region in order to encourage people to participate in sports and improve their quality of life is expected to drive the growth of the industry. Sport, according to the European Committee on Culture and Education, is an integral part of an individual's life and aids in the integration of people from different cultures, ethnicities, and borders. Furthermore, rising disposable income is expected to drive future revenue growth for European sporting goods equipment.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
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According to the research report Europe Racket Sports Equipments Market Outlook, 2028 the market is anticipated to grow at a rate of 4.16% CAGR during the forecast period. The growing emphasis of European governments on promoting various sporting activities in the region in order to encourage people to participate in sports and improve their quality of life is expected to drive the growth of the sports goods industry. According to the obtained data, the European Committee on Culture and Education states that sport is an integral part of an individual’s life and helps in the integration of people across cultures, ethnicities, and borders. In Europe, more than half of men and women between the ages of 15 and 24 exercise or play sports with at least some regularity. In 2019, 44 percent of the EU population aged 15 or over reported that they practiced sports at least once a week. Also, Sweden is considered the most athletic country in Europe, followed by Norway and the Netherlands.
According to the report, the market is segmented into five major product types, including rackets, balls, bags, eyewear, and accessories. The racket segment is the market leader, accounting for more than half of the market in 2022. Participation is increasing in several European countries, such as the UK, where nearly 2,65,000 adults and over 1,90,000 juniors play badminton twice a month. These statistics alone demonstrate how popular badminton is in England. Furthermore, there has been a significant increase in the number of players in these sports. Playtomic, Europe’s largest racket sports app for players and clubs, has recently announced the acquisition of PrenotaUnCampo, an Italy-based leading company in sports reservations in this country. The operation further strengthens the position of Playtomic in this growing market in Europe, showing that COVID-19 has not slowed this sports-tech startup down. Playtomic, which was founded in 2017, aims to make it easier for people to participate in sports by allowing them to reserve a sports facility with just three clicks on the app. The app helps keep sports centers booked up and improves efficiency and the digitalization of their facilities. Last year, the startup expanded to fast-growing markets such as Sweden, Finland, Benelux, and Mexico.
Based on the report, the market is further segmented into various sports types, including tennis, table tennis, badminton, squash, padel, and others. Among them, the badminton segment leads the market with more than 40% market share in 2022. However, according to data obtained, 31% of tennis players in Europe played in 2019. Moreover, Europe has nearly 52% of the total number of tennis clubs across the globe, which is the highest among all the continents. People across Europe are highly inclined towards participating in different sports and recreational activities owing to growing health consciousness, which is expected to drive the sales of tennis racquets in Europe. On the other hand, Spain is by far the country with the most amateur and professional padel players in the world, with reports suggesting this number is around 4 Million, and with 20,000 padel courts, it also consists of the most courts globally. Based on the countries, the Europe market is segmented into Germany, the UK, France, Spain, Italy, and Russia. Among them, Germany is leading the market.
The country with the greatest total number of tennis courts in 2018 was Germany, with over 46 thousand clubs, accounting for 10.2 percent of all tennis courts worldwide. 25 Million people play tennis in Europe, of which 12% live in the UK. Tennis is one of the most popular sports in Germany, with more than five Million active players. The German Tennis Federation is the largest tennis federation in the world, with 1.4 Million members. Further, in 2021, approximately 222.8 thousand people participated in table tennis in England with more than 4 Million people playing competitive table tennis in the territory controlled by the ETTU (European TT Union). On the other hand, Denmark is one of two European nations to share the top five rankings with Asian countries, with a total medal count of 60. England has a total of 24 medals, with three being gold medals. England also has 9 silver medals and 12 bronze medals. England has the same number of bronze medals as Japan, a country ranked 8th worldwide.
Additionally, in 2021, approximately 105.6 thousand people participated in squash and racquetball in England. Squash will have been played by approximately 260,000 people in the United Kingdom in 2020, down from 425,000 in 2016. However, squash's popularity is growing strongly in Finland, where the sport is of interest to more than half a Million Finns. There are more than 30 squash courts in Europe. The European country has more than 20,000 padel courts, with an estimated four Million active players. Behind football, it's the country's second-most popular sport.
Covid-19 Impacts:
The UK, France, and Russia have been hit the hardest by the COVID-19 outbreak in Europe. The UK is estimated to suffer an economic hit due to a lack of revenue from various industries, as the country recorded the highest number of COVID-19 cases, followed by France, Spain, Italy, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe. The lockdown restrictions are being slowly lifted in some of the countries in Europe; for instance, in Denmark, shops and apartment complexes have reopened. Italy is in the yellow zone and is slowly lifting the lockdown restrictions. All these factors are likely to have a positive impact on the consumer goods industry, which will translate into the recovery of the racquet market.Major Companies present in the market:
Amer Sports Oyj, Babolat, Head NV, Yonex Co., Ltd, Völkl Int. GmbH, Fila Holdings Corporation, Nike Inc, Puma, karakal, Sumitomo Rubber Industries, Pacific Holding Gmbh, Gamma Sports, Victor Rackets Ind. Corporation.Considered in this report
- Geography: Europe
- Historic year: 2017
- Base year: 2022
- Estimated year: 2023
- Forecast year: 2028
Aspects covered in this report
- Europe racket sports equipment market with its value and forecast along with its segments
- Country-wise racket sports equipment market analysis
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
Countries covered in the report:
- Germany
- United Kingdom
- France
- Spain
- Italy
- Russia
By Product Type:
- Rackets
- Balls
- Bags
- Eyewear
- Accessories (Cap, Wrist bands, Headband, Racquet grip, Racquet Strings, Racquet Covers, Gloves Etc.)
By Sports Type:
- Tennis (Lawn Tennis)
- Table Tennis
- Badminton
- Squash
- Padel
- Others (Racquetball)
By Distribution Channel:
- Hypermarkets/Supermarkets
- Specialty Stores
- Online Stores
- Other Distribution Channels
By End-User:
- Men
- Women
- Kids
Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the racket sports equipment industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.Table of Contents
1. Executive Summary2. Market Dynamics
2.1. Market Drivers
2.2. Challenges
2.3. Opportunity
2.4. Restraints
2.5. Market Trends
2.6. Covid-19 Effect
2.7. Supply chain Analysis
2.8. Policy & Regulatory Framework
2.9. Industry Experts Views
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Market Structure
4.1. Market Considerate
4.2. Assumptions
4.3. Limitations
4.4. Abbreviations
4.5. Sources
4.6. Definitions
5. Economic /Demographic Snapshot
6. Competitive Landscape
6.1. Competitive Dashboard
6.2. Business Strategies Adopted by Key Players
6.3. Key Players Market Share Insights and Analysis, 2022
6.4. Key Players Market Positioning Matrix
6.5. Consolidated SWOT Analysis of Key Players
6.6. Porter's Five Forces
7. Global Racket Sports Equipment Market Outlook
7.1. Market Size By Value
7.2. Market Size and Forecast, By Geography
7.3. Market Size and Forecast, By Product Type
7.4. Market Size and Forecast, By Sport Type
7.5. Market Size and Forecast, By Distribution Channel
7.6. Market Size and Forecast, By End user
8. Europe Racket Sports Equipment Market Outlook
8.1. Market Size By Value
8.2. Market Share By Country
8.3. Market Size and Forecast By Product Type
8.4. Market Size and Forecast By Sport Type
8.5. Market Size and Forecast By Distribution Channel
8.6. Market Size and Forecast By End user
8.7. Germany Racket Sports Equipment Market Outlook
8.7.1. Market Size By Value
8.7.2. Market Size and Forecast By Product Type
8.7.3. Market Size and Forecast By Sport Type
8.7.4. Market Size and Forecast By Distribution Channel
8.7.5. Market Size and Forecast By End user
8.8. UK Racket Sports Equipment Market Outlook
8.8.1. Market Size By Value
8.8.2. Market Size and Forecast By Product Type
8.8.3. Market Size and Forecast By Sport Type
8.8.4. Market Size and Forecast By Distribution Channel
8.8.5. Market Size and Forecast By End user
8.9. France Racket Sports Equipment Market Outlook
8.9.1. Market Size By Value
8.9.2. Market Size and Forecast By Product Type
8.9.3. Market Size and Forecast By Sport Type
8.9.4. Market Size and Forecast By Distribution Channel
8.9.5. Market Size and Forecast By End user
8.10. Italy Racket Sports Equipment Market Outlook
8.10.1. Market Size By Value
8.10.2. Market Size and Forecast By Product Type
8.10.3. Market Size and Forecast By Sport Type
8.10.4. Market Size and Forecast By Distribution Channel
8.10.5. Market Size and Forecast By End user
8.11. Spain Racket Sports Equipment Market Outlook
8.11.1. Market Size By Value
8.11.2. Market Size and Forecast By Product Type
8.11.3. Market Size and Forecast By Sport Type
8.11.4. Market Size and Forecast By Distribution Channel
8.11.5. Market Size and Forecast By End user
8.12. Russia Racket Sports Equipment Market Outlook
8.12.1. Market Size By Value
8.12.2. Market Size and Forecast By Product Type
8.12.3. Market Size and Forecast By Sport Type
8.12.4. Market Size and Forecast By Distribution Channel
8.12.5. Market Size and Forecast By End user
9. Company Profile
9.1. Amer Sports Oyj
9.1.1. Company Snapshot
9.1.2. Company Overview
9.1.3. Financial Highlights
9.1.4. Geographic Insights
9.1.5. Business Segment & Performance
9.1.6. Product Portfolio
9.1.7. Key Executives
9.1.8. Strategic Moves & Developments
9.2. Babolat
9.3. Head NV
9.4. Yonex Co, Ltd
9.5. Völkl Int. GmbH
9.6. Fila Holdings Corporation
9.7. Nike Inc
9.8. Puma
9.9. Karakal
9.10. Sumitomo Rubber Industries
9.11. Pacific Holding Gmbh
9.12. Gamma Sports
9.13. Victor Rackets Ind. Corp.
10. 4 Strategic Recommendations
11. Annexure
11.1. FAQ`s
11.2. Notes
11.3. Related Reports
12. Disclaimer
List of Figures
Figure 1: Global Racket Sports Equipment Market Size (USD Million) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Product Type 2028
Figure 4: Competitive Dashboard of top 5 players, 2022
Figure 5: Market Share insights of key players, 2022
Figure 6: Porter's Five Forces of Global Racket Sports Equipment Market
Figure 7: Global Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 8: Global Racket Sports Equipment Market Share By Region (2022)
Figure 9: Europe Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 10: Europe Racket Sports Equipment Market Share By Country (2022)
Figure 11: Germany Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 12: UK Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 13: France Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 14: Italy Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 15: Spain Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 16: Russia Racket Sports Equipment Market Size By Value (2017, 2022 & 2028F) (in USD Million)
List of Table
Table 1: Global Racket Sports Equipment Market Snapshot, By Segmentation (2022 & 2028) (in USD Million)
Table 2: Influencing Factors for Global Racket Sports Equipment Market, 2022
Table 3: Top 10 Counties Economic Snapshot 2020
Table 4: Economic Snapshot of Other Prominent Countries 2020
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Racket Sports Equipment Market Size and Forecast, By Geography (2017 to 2028F) (In USD Million)
Table 7: Global Racket Sports Equipment Market Size and Forecast, By Product Type (2017 to 2028F) (In USD Million)
Table 8: Global Racket Sports Equipment Market Size and Forecast, By Sport Type (2017 to 2028F) (In USD Million)
Table 9: Global Racket Sports Equipment Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Million)
Table 10: Global Racket Sports Equipment Market Size and Forecast, By End user (2017 to 2028F) (In USD Million)
Table 11: Europe Racket Sports Equipment Market Size and Forecast By Product Type (2017 to 2028F) (In USD Million)
Table 12: Europe Racket Sports Equipment Market Size and Forecast By Sport Type (2017 to 2028F) (In USD Million)
Table 13: Europe Racket Sports Equipment Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Million)
Table 14: Europe Racket Sports Equipment Market Size and Forecast By End user (2017 to 2028F) (In USD Million)
Table 15: Germany Racket Sports Equipment Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 16: Germany Racket Sports Equipment Market Size and Forecast By Sport Type (2017, 2022 & 2028F)
Table 17: Germany Racket Sports Equipment Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 18: Germany Racket Sports Equipment Market Size and Forecast By End user (2017, 2022 & 2028F)
Table 19: UK Racket Sports Equipment Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 20: UK Racket Sports Equipment Market Size and Forecast By Sport Type (2017, 2022 & 2028F)
Table 21: UK Racket Sports Equipment Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 22: UK Racket Sports Equipment Market Size and Forecast By End user (2017, 2022 & 2028F)
Table 23: France Racket Sports Equipment Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 24: France Racket Sports Equipment Market Size and Forecast By Sport Type (2017, 2022 & 2028F)
Table 25: France Racket Sports Equipment Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 26: France Racket Sports Equipment Market Size and Forecast By End user (2017, 2022 & 2028F)
Table 27: Italy Racket Sports Equipment Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 28: Italy Racket Sports Equipment Market Size and Forecast By Sport Type (2017, 2022 & 2028F)
Table 29: Italy Racket Sports Equipment Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 30: Italy Racket Sports Equipment Market Size and Forecast By End user (2017, 2022 & 2028F)
Table 31: Spain Racket Sports Equipment Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 32: Spain Racket Sports Equipment Market Size and Forecast By Sport Type (2017, 2022 & 2028F)
Table 33: Spain Racket Sports Equipment Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 34: Spain Racket Sports Equipment Market Size and Forecast By End user (2017, 2022 & 2028F)
Table 35: Russia Racket Sports Equipment Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 36: Russia Racket Sports Equipment Market Size and Forecast By Sport Type (2017, 2022 & 2028F)
Table 37: Russia Racket Sports Equipment Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 38: Russia Racket Sports Equipment Market Size and Forecast By End user (2017, 2022 & 2028F)
