Forecasting the Badminton Apparel Market: Global Insights & Analysis (2020–2030)
Forecasting the Badminton Apparel Market: Global Insights & Analysis (2020–2030)
Blog Article
The badminton apparel market is experiencing significant growth, driven by a surge in interest in sports and physical activities, especially during the COVID-19 pandemic. With gyms, swimming pools, and other recreational facilities closed, people turned to sports like badminton to maintain their health. As these facilities began to reopen in 2021, the market saw renewed opportunities for revenue. Companies leveraged online platforms to educate users on improving their badminton skills at home, using techniques such as hitting against the wall, jump rope, and footwork drills. This adaptation to the pandemic's constraints has helped sustain the market's momentum.
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Market Size and Growth
The badminton apparel market has witnessed robust growth, with high-volume sales during the COVID-19 era due to social distancing norms. This trend is expected to continue, with a projected CAGR of ~11% during the assessment period. The market's value is anticipated to exceed US$ 30 billion by 2030. Manufacturers have faced challenges in avoiding supply shocks, but the long-term engagement of individuals with sports has created sustainable revenue streams.
Market Segmentation
The market is segmented based on product types, including clothing and footwear. Synthetic fabrics, particularly for t-shirts and shorts for men, hold a significant share in the market. Custom sports jerseys and compression clothing are also gaining popularity. Companies like Li-Ning are expanding their apparel portfolios to capitalize on these opportunities.
Regional Analysis
The badminton apparel market is thriving globally, with significant contributions from regions such as Asia Pacific, Europe, North America, and others. Asia Pacific, particularly countries like China, India, and Japan, dominate the market due to the sport's immense popularity. Europe and North America are also notable markets, with increasing participation in badminton activities and a rising number of badminton leagues.
Competitive Landscape
The badminton apparel market is highly competitive, with key players focusing on innovation and strategic partnerships. Major companies include:
- Absolute Protech Sports (M) Sdn. Bhd.
- Babolat
- Felet International Holdings Sdn. Bhd.
- FZ Forza
- Li-Ning Company Limited
- RSL International
- Victor Rackets Industrial Corporation
- Ruby Glamour Sdn Bhd (Yang Yang)
- Yehlex (UK)
- YONEX Co., Ltd.
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