Squash Equipment Market to Record a CAGR of 2.14%, Introduction of Various National and International Leagues to Boost Growth – Technavio – QNT Press Release

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NEW YORK, Sept. 27, 2022 /PRNewswire/ — The squash equipment market size is expected to grow by USD 75.2 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 2.14% during the forecast period, according to Technavio. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Get a comprehensive report summary that describes the market size and forecast along with research methodology. The FREE sample report is available in PDF format

The squash equipment market report covers the following areas:

• Squash Equipment Market size
• Squash Equipment Market trends
• Squash Equipment Market industry analysis

We provide a detailed analysis of around 25 vendors operating in the squash equipment market, including ABG Prince LLC, Amer Sports Corp., Ashaway Line and Twine Mfg Co, ASICS Corp., Authentic Brands Group LLC, Black Knight, Decathlon SA, Dunlop International Europe Ltd, Eye Rackets International BV, Freewill Infrastructures Pvt. Ltd, Grays of Cambridge Ltd, Harrow Sports, HEAD Sport GmbH, Karakal Worldwide Ltd, Maus Freres SA, OLIVER Sport and Squash GmbH, Prokennex, Salming Sports AB, Solinco Sports, and Spinway International Pvt Ltd.

The introduction of various national and international leagues is driving the growth of the market. Squash associations such as the PSA, as well as many country-specific associations, are introducing various national and international leagues. The associations are spending significantly to encourage participation in basic-level squash tournaments. With the rise in consumer interest in the sport, the global squash equipment market can avail various opportunities. Therefore, the presence of national and international leagues will drive market growth during the forecast period.

Fluctuations in the cost of raw materials are challenging the market growth. The rise in prices of raw materials has negatively impacted the production costs of squash equipment, which can affect the pricing strategies of marketers. Moreover, differentiation in raw materials used for making squash equipment, especially premium squash products, negatively impacts the operating margins, earnings, and cash flow of leading vendors. These factors can restrict the flow of investments in marketing and promotional campaigns or other productive activities, which will challenge the prospects of vendors operating in the global squash equipment market during the forecast period .

• Distribution Channel
• Online
• Offline
• Product
• Squash Rackets
• Squash Balls
• Squash Shoes
• Others
• Geography
• Europe
• North America
• APAC
• South America
• Middle East And Africa

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

The offline segment will be the largest contributor to market growth during the forecast period. This segment includes mono-brand stores, hypermarkets, department stores, supermarkets, and specialty stores. The distribution of squash equipment through mono-brand stores is rising, as they attract many customers. Hence, vendors are focusing on opening new stores to expand their reach and sustain in the competitive environment.

Europe will account for 43% of the market’s growth during the forecast period. Innovations in squash equipment and string technology by key competitors in Europe are helping players enhance their performance, which will drive the squash equipment market growth in Europe during the forecast period. Moreover, market growth in this region will be faster than the growth of the market in other regions. The UK, Germanyand France are the key countries for the squash equipment market in Europe.

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist squash equipment market growth during the next five years
• Estimation of the squash equipment market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the squash equipment market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of squash equipment market vendors

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Full story available on Benzinga.com

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