The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Top Wear Badminton Apparel market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Top Wear Badminton Apparel
The report offers actionable and valuable market insights of Top Wear Badminton Apparel. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Top Wear Badminton Apparel Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Top Wear Badminton Apparel, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Top Wear Badminton Apparel Market.
Fact.MR recently published the global badminton apparel market research report for the forecast period 2022-2032. According to the study, the market is poised to expand rapidly at around 11% CAGR, surpassing a revenue share of US $ 33 Bn by 2032. Manufacturers are majorly reliant on surging badminton popularity across prominent markets to further their gains.
From 2017 to 2021, sales of badminton apparel surged at a CAGR of 10%. Prospects temporarily contracted during the peak of the COVID-19 pandemic, as imposition of lockdowns led to cessation of outdoor commercial sporting events, leading to postponement of badminton matches. At the same time, personal grade apparel sales surged as people began engaging in sporting activities to remain fit.
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Key Takeaways from the Market Study
- Global badminton apparel market to be valued at US $ 11.72 Bn by 2022-end
- Top wear badminton apparel sales to surge at an 11% value CAGR until 2032
- 40% of total badminton apparel revenue to be contributed by natural fiber-based material
- US to be the dominant badminton apparel market, accumulating a market share of 35%
- China to experience considerable incline, registering a CAGR of 12% from 2022-2032
- UK to accrue significant market gains, accumulating a revenue share of 32%
“Owing to the rising popularity of sports and the increasing participation of women in sport, the demand for natural fiber badminton apparel is increasing in the market,” says Fact.MR
Key manufacturers are collaborating with sports teams in different countries to deepen market penetration.
- In April 2021, YONEX Co. Ltd. announced a 5-year long partnership with the Malaysia National Badminton Team wherein the company will supply badminton equipment and apparel for the Malaysia Open, Malaysia Masters, and Malaysia International Challenge respectively.
- In March 2021, Victor Rackets International Corporation extended its contract with Badminton Denmark (BD) to supply essential badminton apparel and equipment for the next 8 years, including jerseys to Team Denmark.
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Key Segments Covered in the Top Wear Badminton Apparel Industry Analysis
- By Product
- Top Wear Top Wear Badminton Apparel
- Badminton Jackets
- Badminton Sports Bras
- Badminton Sweatshirts
- Badminton Track Suits
- Badminton T-Shirt & Tees
- Bottom Wear Top Wear Badminton Apparel
- Badminton Pants & Trousers
- Badminton Shorts & Tights
- Badminton Skirts
- Badminton Footwear
- Top Wear Top Wear Badminton Apparel
- By Material
- Top Wear Badminton Apparel Made from Natural Fabric
- Top Wear Badminton Apparel Made from Synthetic Fabric
- By Distribution Channel
- Online Top Wear Badminton Apparel Sales
- E-Commerce Websites
- Company-owned Websites
- Offline Top Wear Badminton Apparel Sales
- Hypermarkets & Supermarkets
- Specialty Stores
- Other Retail Stores
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- Market Analysis of Top Wear Badminton Apparel
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More Valuable Insights on Top Wear Badminton Apparel Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Top Wear Badminton Apparel, Sales and Demand of Top Wear Badminton Apparel, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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