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Squash Racquet Market: Introduction

  • Squash racquet is used to play a single or doubles game of squash on a four-walled court. The average weight of a squash racquet is between 130 g and 150 g. The weight indicated on the racket frame is usually the unstrung weight, often measured before the paint, grommets, and the grip are added. The shape of the racket head plays an important role, the larger the surface of are of the racket head, the greater the chance of hitting the ball.

Key Drivers of Global Squash Racquet Market

  • Rising participation in squash across the globe is a key driver of the market for squash racquets. According to a recent report published by SFIA (Sports & Fitness Industry Association), squash participation has been increasing by an average of 4.3% for the last five years. Squash is a fast-paced racquet sport where players compete against each other by hitting the ball against a wall in order to rebound it toward his opponent.
  • Around 20 million people regularly play squash across more than 185 countries. The popularity of squash has been increasing in countries such as the U.S., New Zealand, and the U.K.; hence, these countries are expected to add new tournaments in order to encourage participation in the next few years. Rise in competition requires more courts and that is exactly what is happening in the U.S. – new courts are popping up around the country, inspiring new players to participate in the squash sport.
  • Young players from developing countries are working harder than ever to participate in international level squash competitions and several players are anticipating to get scholarships to colleges in the U.S. in order to play professional tournaments. Moreover, the millennial population is preferring squash as a recreational sport in numerous countries such as Egypt, Australia, Great Britain, and France.

COVID-19 Impact on Global Squash Racquet Market

  • Cancellation of games on the global and regional level due to the outbreak of COVID-19 considerably hampered the global squash racquet market in 2020. Moreover, the closure of sport training institutes, recreational sport clubs, and stadiums has adversely affected the demand for squash racquets in worldwide.

Asia Pacific Market to Expand Significantly

  • The geographical segmentation of the market includes North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
  • The research report provides country-level analysis for each regional segment. The North America market country-level analysis and forecast includes the U.S., Canada, and Rest of North America. The country-level analysis and forecast for the Europe market includes historical and forecast for the Squash Racquet industry in the U.K., Germany, France, and Rest of Europe. The country-level analysis and forecast for Asia Pacific market includes the major countries in the region such as India, China, Japan, and Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast for the squash racquet market includes GCC countries, South Africa, and Rest of Middle East & Africa. The South America squash racquet market can be categorized into Brazil and Rest of South America.
  • Increase in participation of women in racquet sports and a rise in participation of millennial consumers in recreational sports are likely to drive the squash racquet market in Asia Pacific during the forecast period. Four out of top ten recreational sport markets in the world are already in Asia Pacific, including Japan, South Korea, Australia, and China.

Key Players Operating in Global Market

Key manufacturers are focused on research & development, multi-channel distribution, product diversification in terms of strings, weight, etc. Key squash racquet brands are partnering with global players and sports organizations to sponsor sport events and promote squash.

Some of the major companies operating in the global squash racquet market are:

  • Dunlop Sport
  • ZYEX
  • Tecnifibre
  • Head Sport GmbH
  • Prince Global Sports, LLC
  • DSC
  • Wilson Sporting Goods
  • Black Knight, Inc.
  • Karakal Worldwide Ltd,
  • Harrow Sports

Global Squash Racquet Market: Research Scope

Global Squash Racquet Market, by Type

  • Open Throat
  • Closed Throat

Global Squash Racquet Market, by String Construction

  • Monofilament
  • Multifilament

Global Squash Racquet Market, by Weight

  • Light Weight
  • Heavy Weight

Global Squash Racquet Market, by End-user

  • Professional Player
  • Recreational

Global Squash Racquet Market, by Distribution Channel

  • Online
    • E-commerce Websites
    • Company Owned Websites
  • Offline
    • Specialty Stores
    • Hypermarkets and Supermarkets
    • Others (Departmental Stores, etc.)

Global Squash Racquet Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report on the global squash racquet market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Squash Racquet Market