14-Dec-2022 | Zion Market Research
The global badminton apparel market size was worth around USD 18.6 billion in 2021 and is predicted to grow to around USD 32.8 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.5% between 2022 and 2030.
Gear that enables the player to play the game easily is needed to play badminton. The essentials for a badminton player include well-made badminton clothing, including shorts, shoes, t-shirts, skirts, and even caps.
The number of badminton leagues at the regional, national, and district levels has been steadily rising around the world, which has massively increased the potential for producers and sellers of badminton apparel. Additionally, factors like the developing interest in sportswear globally and the demand for comfortable badminton attire have both expanded participation in the sport. Due to technological advances, numerous global firms are merging sportswear and fashion.
Moreover, due to the rising popularity of badminton activities and shifting lifestyles, there is a significant demand for athletic badminton apparel among non-sportspeople as well. To strengthen their position in the global badminton apparel market, major brands are likely to concentrate on new badminton apparel design innovation and research & development activities. With all of these considerations taken into account, the influence of this driver is now mild, but it is anticipated to increase due to anticipated developments in badminton apparel throughout the forecast period. On the flip side, the fluctuation in the raw material price and the alternatives of badminton games is expected to impede the growth of the market during the forecast period.
The global badminton apparel market is segmented based on product type, material, distribution channel, and region.
The global market is segmented based on distribution channels as offline and online. The online segment is expected to grow at the highest CAGR during the forecast period. Due to their ease and convenience, consumers are increasingly using mobile apps and online shopping platforms for their buying needs. Compared to offline channels, purchasing goods online is more affordable. Customers trust brands that produce high-quality goods. Additionally, when making a purchase, end consumers select the most reputable shopping platforms or mobile apps. Thus, driving segmental growth.
The market is segmented based on materials as synthetic and natural fabric. The synthetic material segment holds a significant market share over the forecast period. Sports enthusiasts who were tired of wearing rubber and plastic sportswear that made them perspire were the original target market for synthetic sportswear. Synthetic materials can be utilized not only for clothes but also for sporting equipment such as knee and elbow bands. This material is breathable and quickly absorbs sweat, allowing to stay cool throughout the workout.
Among the regions, the Asia Pacific will account for the largest share of the global badminton apparel market during the forecast period. Countries such as China, Japan, and India are positively contributing to the growth of the market revenue. The growing population, the presence of a large number of participants, rising badminton fans, and the presence of multiple manufacturers are boosting the market growth in this region. On the other hand, Europe held a considerable market share in 2021. Economically advanced nations like Germany, the United Kingdom, and France are helping to boost market revenue.
The increasing popularity of badminton among the populace and the adoption of a healthy lifestyle are two important trends that are anticipated to have an impact on market expansion in this region.
The global badminton apparel market is dominated by players like Babolat, FZ Forza, Under Armour, Wilson, RSL International, Nike, Apacs Sports, Adidas, Ashaway, Carlton, Karakal, Head, Mizuno, Zoot, Asics, Tecnifibre (Lacoste), New Balance, Ruby Glamour Sdn. Bhd. (Yang Yang), YONEX Co., Ltd., Absolute Protech Sports (M) Sdn. Bhd., Felet International Holdings Sdn. Bhd., Li-Ning Company Limited, Victor Rackets Industrial Corporation, and Yehlex, among others.
Recent Development:
This review is based on a report by Zion Market Research, titled “Badminton Apparel Market By Product Type (Top Wear, Bottom Wear, Footwear and Others), By Material (Natural Fabric and Synthetic Fabric), By Distribution Channel (Online and Offline), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/badminton-apparel-market
The global badminton apparel market is segmented as follows:
By Product Type
By Material
By Distribution Channel
By Region
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