According to Precision Business Insights, the Table Tennis Market research report provides industry size and growth.
According to Precision Business Insights (PBI) latest report, the table tennis market is worth USD 135.0 million in 2022, growing at a 3.5% CAGR from 2022 to 2028. The global market for tennis balls is anticipated to profit from rising disposable income and rising living standards, which will lead to a greater focus on leisure activities. A rise in the number of participants in various tennis events and an increase in the number of frequent tennis players are further factors driving the market. Furthermore, factors such as an increase in the number of tennis events and a short tennis ball replacement cycle that frequently necessitates purchasing new tennis balls contribute to the table tennis market. In addition, the introduction of a variety of slower balls and smaller court sizes is predicted to boost the global tennis ball market shortly, as it will contribute to the sport's overall popularity. Rapid technical breakthroughs and innovations also propel the industry to match changing consumer demands.
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Racquets Segment Dominate the Table Tennis Market :
The racquets segment is expected to account for a larger share of the global table tennis market and is projected to grow at a 4.0% CAGR between 2022 and 2028. The most significant piece of equipment on the market for table tennis is racquets. A racquet is made out of rubber and replaceable blades. Because there are so many different types of racquets on the market, users have more options for selecting one that is comfortable to wield and delivers reasonable control. The increasing demand for racquets drives the table tennis market.
Asia Pacific Table Tennis Market :
The Asia Pacific is expected to hold a significant market share in the global table tennis market over the forecast period. It is projected to grow at a CAGR of 4.5% in the coming years. In the Asia Pacific, China is leading the market as table tennis is China's national sport. Hence it has a large proportion of the table tennis equipment market in the region. The number of table tennis players in China is the largest globally. The involvement of exceptional players in significant table tennis tournaments such as the Olympic Games, World Championships, Asian Championships, and Asian Games has increased due to the high-quality table tennis instruction provided by Chinese coaches.
Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.
Global Table Tennis Market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.
The table tennis market detailed segmentation:
Based on the product type
Based on the application
Based on the geography
Key players' table tennis market report profiles are DHS, Doublefish, Nittaku, Stiga, Andro, Xushaofa, Butterfly, TSP, DONIC, Eastpoint Sports, Yinhe, etc. Joola.
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