The Growth of Squash Rackets market is huge, the study analyzes each market player encompassed in the market study as per its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player.
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The squash rackets market continues to witness steady growth, driven by industry related factors and other macroeconomics. Primarily pushed by increasing acceptance of squash as a healthy sport in Commonwealth Games and largely promoted by the PSA (Professional Squash Association) and World Squash Federation, the preference for advanced squash rackets in terms of their design and manufacturing technology has grown since the past few years.
Sales of squash rackets via independent sports outlet are likely to remain renascent during the period of assessment, 2018-2028, growing at a steady 3.7% CAGR with respect to value, finds a new Fact.MR study. In general, the research report finds sales of squash rackets to remain significant during the forecast period.
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Sales of squash rackets are anticipated to remain intense in developed countries of Europe and the United States, followed by emerging economies of Asia Pacific, complementing the demand throughout the assessment period.
Higher Preference Among Intermediaries
Squash as a sport has witnessed a steady growth pattern with the sport being involved in Commonwealth Games. Squash associations have encouraged sports clubs to introduce more individuals to play the sport, offer efficient coaching and attract new participants. According to the report, this has resulted in an active participation of people at the beginner level in the sport. Sales of squash rackets, however has been mainly influenced with participation of a large number of players with intermediate proficiency. In view of sustained demand for squash rackets coupled with the growing eco-friendly trend, manufacturers continue to enhance their product line offering eco-friendly squash rackets.
Light Weight to Grow Heavy
Easy maneuvering has shifted end user preference for light weight squash rackets with weight up to 150g, which account for more than 80 percent of the total market revenue share. Squash professionals have showcased a higher inclination towards light weight squash rackets as they facilitate better performance, with respect to swing speed, better grip and hand movements, owing to higher flexibility and strength. In addition, the use of nanotechnology in manufacturing thin squash rackets has enhanced their strength to weight ratio, increased stiffness as well as abrasion resistance has further increased their performance and preference. However, the report finds that heavy squash rackets are a better choice for beginners.
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The Squash Rackets market report provides the readers with the below-mentioned insights:
- Key trends, including ecological conservation, patented solutions, and globalization.
- Consumption pattern of each segment of the market in every region.
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- Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
- Thorough research of effect of the market across various end use industries.
The Squash Rackets market report gets rid of the following queries:
- Which end use has the highest rate of consumption and why?
- Which regions are the market players targeting to gain a competitive edge?
- What is the growth forecast of the global market in region?
- What is the Y-o-Y growth rate of the global market?
- Which segment will have the maximum share of the global market by the end of year?
And so on…..
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