According to the latest report by IMARC Group, titled, “Squash Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global squash equipment market size reached US$ 655.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 888.9 Million by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Squash equipment represents several products that are used for playing doubles or a single game of squash on a four-walled court. They involve various products, including balls, shoes, rackets, sports clothing, etc. Squash equipment help to improve the players’ comfort and balance during the game, enhance flexibility, and provide power to shots when in contact with a ball. Consequently, they are in extensive demand among consumers across countries.
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Squash Equipment Market Trends and Drivers:
The growing awareness about the health benefits of playing squash, such as improved core strength, enhanced flexibility, back strength, and hand-eye coordination, reduced risk of cardiovascular diseases (CVDs), is primarily driving the squash equipment market. In addition to this, the introduction of international and national leagues and the increasing participation rates of regular players are acting as significant growth-inducing factors. In line with this, the rising prominence of squash as a popular recreational sport activity across the globe and the shifting preferences toward lightweight, durable, and high-strength rackets that ensure a proper blend of weight, balance, and swing are also positively influencing the global market. Apart from this, the development of new squash equipment produced using eco-friendly raw materials and the emerging trend of replacing traditional leather and synthetic rubber with water-based adhesives and recycled and organic plastic materials are further stimulating the market growth. Moreover, the escalating production of squash balls with advanced non-toxic materials, which include thermoplastic elastomer, is further stimulating the global market. Besides this, the launch of numerous initiatives by government bodies aimed at encouraging youngsters to participate in sports activities is expected to propel the squash equipment market over the forecasted period.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Asics Corporation
- Black Knight Inc.
- Decathlon S.A. (The Association Familiale Mulliez)
- Dunlop Sports
- Eye Rackets International B.V.
- Harrow Sports
- HEAD Sport GmbH
- Karakal Worldwide Ltd
- OLIVER Sport and Squash GmbH
- Spinway Sports
- Tecnifibre (Lacoste S.A.)
- Wilson Sporting Goods Company (Amer Sports Company), etc.
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Squash Equipment Market Report 2023-2028 Competitive Analysis and Segmentation:
The report has segmented the market based on product and distribution channel.
Product Insights:
- Squash Rackets
- Squash Balls
- Squash Shoes
- Others
Distribution Channel Insights:
- Specialty and Sports Shops
- Department and Discount Stores
- Online Stores
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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