Global Squash Equipment Market to Reach US$ 1,051.8 Million by 2032, Propelled by Increasing Participation in Sports Activities

July 13, 2023 | Retail

According to the latest report by IMARC Group, titled “Squash Equipment Market by Product (Squash Rackets, Squash Balls, Squash Shoes, and Others), Distribution Channel (Specialty and Sports Shops, Department and Discount Stores, Online Stores), and Region 2024-2032," the global squash equipment market size reached US$ 688.7 Million in 2023. Squash equipment refers to specialized sporting gear designed to optimize performance and safety during squash games. It includes rackets, balls, shoes, protective eyewear, and clothing. They are manufactured using various materials, such as graphite, carbon fiber, rubber compounds, polycarbonate, and sweat-wicking fabrics. Squash equipment is widely used for recreational and competitive squash play in sports clubs, educational institutions, and professional tournaments. They are lightweight, robust, and durable products that enhance performance, improve safety, and increase comfort. Squash equipment also reduces the risk of slips and falls, improves agility, prevents injuries, and enhances precision and power during gameplay.

Global Squash Equipment Market Trends:

The increasing popularity and international recognition of squash are among the key factors boosting the market growth. Squash equipment is carefully engineered to provide superior grip, enhance power, improve precision, and increase performance during squash games and tournaments. Along with this, the rising participation in sports, such as squash, owing to the increasing awareness among the masses regarding the importance of physical fitness and wellness, is acting as another growth-inducing factor. Additionally, the utilization of advanced materials, such as graphene, carbon fiber, and shatter-resistant polycarbonate, to produce high-performance rackets, grips, and eyewear that enhance performance, improve comfort, and prevent injuries is contributing to the market growth. Moreover, the incorporation of squash in the physical education and extracurricular programs of schools, colleges, and sports clubs is positively influencing the market growth. Apart from this, the implementation of supportive government policies to promote the construction of new squash courts and sports complexes is strengthening the market growth. Other factors, including rising expenditure capacities of consumers, extensive research and development (R&D) activities, and widespread product availability across various e-commerce retailers, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 1,051.8 Million by 2032, exhibiting a CAGR of 4.7% during 2024-2032.

Market Summary:

  • On the basis of the product, the market has been classified into squash rackets, balls, shoes, and others. Among these, squash rackets represents the largest market share.
  • Based on the distribution channel, the market has been divided into specialty and sports shops, department and discount stores, and online stores. Among these, specialty and sports shops hold the majority market share.
  • On a regional basis, the market has been categorized into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. At present, North America holds the largest market for squash equipment.
  • The competitive landscape of the industry has also been examined, with some of the key players being Asics Corporation, Black Knight Inc., Decathlon S.A. (The Association Familiale Mulliez), Dunlop Sports, Eye Rackets International B.V., Harrow Sports, HEAD Sport GmbH, Karakal Worldwide Ltd, OLIVER Sport and Squash GmbH, Spinway Sports, Tecnifibre (Lacoste S.A.), and Wilson Sporting Goods Company (Amer Sports Company), etc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Product, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Asics Corporation, Black Knight Inc., Decathlon S.A. (The Association Familiale Mulliez), Dunlop Sports, Eye Rackets International B.V., Harrow Sports, HEAD Sport GmbH, Karakal Worldwide Ltd, OLIVER Sport and Squash GmbH, Spinway Sports, Tecnifibre (Lacoste S.A.), and Wilson Sporting Goods Company (Amer Sports Company), etc.
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Global Squash Equipment Market to Reach US$ 1,051.8 Million by 2032, Propelled by Increasing Participation in Sports Activities
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