US people are fond of tennis as it is a fast game and because many of the renowned tennis players are native US. The mass fan following of the game has been influencing the kids to participate in the sport after seeing their parent's interest in the same. The opening of various clubs that train children to play tennis and regular playing of the game in the neighborhoods has led to increasing demand for tennis and table tennis equipment in the US market. The interest of the adults is because of the leagues and matches that happen regularly throughout the year, maintaining the interest of the people in the game. The demand for professional equipment also arises for the various teams and individual players who practice for the games dedicatedly. Thus, it can be concluded that the high buying power helps the individuals in the region afford a personal set of racket sports equipment, as the market has ample products ranging from high to low prices for almost everyone to afford. According to the research report, “US Racket Sports Equipment Market Overview, 2028” published by Bonafide Research, the market is projected to add USD 144.93 million by 2028. The country’s rising youth population and increasing craze of racket sports are the factors that are contributing to the US Racket Sports Equipment market and it has anticipated significant growth in upcoming years These factors are piquing consumers' interest and fueling the nation's rising demand for the Racket Sports Equipment products, which is anticipated to benefit the market's potential expansion. The US racket sports equipment market is expanding due to factors such as the rising popularity of table tennis and the rise in participation in the sport, as well as the increased awareness of fitness, sports, and exercise among people due to the increase in academic sports education and training, as well as the rise in government initiatives in emerging economies. In 2021, the US population was 331.89 million, with 164.38 million men and 167.51 million women. More than 82% of the US population leaves in urban areas, while 18% leaves in rural areas. The country has a GDP of USD 25 trillion and a per capita income of USD 62200, and the majority of the US population leaves between the ages of 18 and 44. The increasing youth population and rising popularity of racket sports among young people are major factors driving the growth of the Racket Sports Equipment Market in the United States. Pickleball is the fastest-growing racket sport in the US. According to the report from the sports and industry association of the US, pickleball is the fastest-growing sport in the US, with 4.8 million players nationwide, an increase of nearly 40 % from 2020. In Queens, New York, a hard-court tennis competition known as the US Open Tennis Championships is conducted every year. Since 1987, the US Open will take place in New York again in August and September of 2023 for both men and women. As they promote and support the industry's growth, this could be a critical component in the development of the racket sports equipment market in the United States. Major market players in the Racket Sports Equipment market in the US are Wilson, Babolat, Head, Yonex, Prince, and Dunlop sports these are some major players in the racket sports equipment market in the US. NYC Racket Sports, Paragon Sports, Masons Tennis, Amazon, Walmart, and Squash Gear.com are some online distribution channels for Racket Sports Equipment in the US. COVID EFFECT Various racket sport equipment businesses were affected during COVID-19 in the US. Most sporting events have to be suspended due to the COVID-19 pandemic, which has spread over the globe. These preventative measures, which resulted in the closure of the bulk of non-essential businesses, included social withdrawal, public meeting bans, and stay-at-home instructions for several nations throughout the world. As a result, the bulk of racket sports equipment manufacturing businesses and neighborhood fitness centers were shut down, preventing the market for racket sports equipment from expanding. As the pandemic fades, the racket sports equipment market will typically grow gradually. Considered in this report • Geography: US • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • US Racket Sports Equipment market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Rackets • Balls • Bags • Eyewear • Accessories (Cap, Wrist bands, Headband, Racquet grip, Racquet Strings, Racquet Covers, Gloves Etc.) By Distribution Channel • Supermarket/ Hypermarket • Speciality stores • Online Stores The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. 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.
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