Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 18.6 Billion | USD 32.8 Billion | 6.5% | 2023 |
FrequentlyAsked Questions
An increasing number of national and international badminton tournaments, governments and sponsors supporting badminton, and the rising popularity of badminton among teenagers are expected to promote market growth over the next few years.
According to the report, 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.
The global badminton apparel market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the expanding population, the presence of several manufacturers, and the proliferation of players.
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.
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