Award winning market research firm Fact.MR’s report on global badminton apparel market is poised to expand at an impressive CAGR of over 11% through 2021 & beyond. Demand for badminton footwear including shoes and socks are witnessing a significant upsurge.
Increasing female participation for the sport across developing countries such as India and China have increased the sales prospects for women’s badminton apparel, fostering the sales. Increasing health awareness, especially during pandemic, resulted in people showing interest in physical activities. This has in turn increased the interest for badminton, squash, and tennis, which has propelled the demand for badminton apparel across the globe.
Due to the increasing participation of women in the sports, manufacturers have increased the production of women’s badminton apparel. Availability of different varieties and demand for natural fiber-based badminton apparel is gaining major traction. Eco-friendly benefits and availability of different varieties in shoes, skirts, t-shirts, and headbands have boosted the demand.
Increasing participation in sports among millennials and baby boomers due to the health benefits associated with sports, is bolstering the growth across the U.S. and UK. However, limited penetration of badminton across these regions is limiting the sales of badminton apparel. Although, various government initiatives and increasing penetration of e-commerce platforms, promoting the sports, are improving the demand badminton apparels.
According to Fact.MR’s analysis, the global badminton apparel market is projected to reach a valuation of US$ 30 billion by 2031-end.
“Surging demand for natural fiber-based badminton apparel due to the increasing participation of women in the sports is creating growth opportunities for the manufacturers,” says a Fact.MR analyst.
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Key Takeaways
Competitive Landscape
Product innovation, expansion of product portfolios, strategic partnerships & collaborations with top companies are some of the strategies prominent players rely on to expand their regional as well as global footprints in the industry.
For instance, in March 2021, YONEX announced an eight year partnerships with China national badminton team. The China Badminton Association president Zhang Jun entered a new deal with the Japanese badminton equipment manufacturer to provide sportswear, kit, and equipment for the next 8 years.
Prominent badminton apparel manufacturers listed in Fact.MR’s report are listed below:
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More Valuable Insights on the Badminton apparel market
Fact.MR, in its new offering, presents a detailed analysis of the global badminton apparel market. The study divulges essential insights on the major trends and opportunities of the global badminton apparel market. To gain a better perspective on the market potential and scope, the market is classified on the basis of:
Product Type
o Badminton Jackets
o Badminton Sports Bras
o Badminton Sweatshirts
o Badminton Track Suits
o Badminton T-Shirt & Tees
o Badminton Pants & Trousers
o Badminton Shorts & Tights
o Badminton Skirts
Material
Distribution Channel
Region
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Key Questions Covered in the Report
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