Table Tennis Market Growth Is Attributed To Increased Demand For Racquets

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 table tennis market is segmented into the following types: By Product Type (One Star Balls, Two Star Balls, Three Star…

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 table tennis market is segmented into the following types: By Product Type (One Star Balls, Two Star Balls, Three Star Balls, Others, Racquets, and Tables), By Application (Fitness & Recreation and Training), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) Forecast to 2028. Key players’ table tennis market report profiles are DHS, Doublefish, Nittaku, Stiga, Andro, Xushaofa, Butterfly, TSP, DONIC, Eastpoint Sports, Yinhe, etc. Joola. 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.

View detailed report description at https://precisionbusinessinsights.com/market-reports/table-tennis-market/

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.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=52665

The table tennis market  detailed segmentation: 


Based on the product type

  • One Star Balls
  • Two Star Balls
  • Three Star Balls
  • Others
  • Racquets
  • Tables

Based on the application 

  • Fitness & Recreation
  • Training

Based on the geography 

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA 

About Precision Business Insights:  We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 85278174

ASIA PACIFIC OFFICE

Precision Business Insights, MIG 366, SAI PLAZA, 1st Floor, KPHB Colony, Hyderabad - 500072

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX