Badminton Equipment and Products Market Size

Global Badminton Equipment and Products Market size was valued at USD 3.7 billion in 2023 and is poised to grow from USD 3.92 billion in 2024 to USD 6.25 billion by 2032, growing at a CAGR of 6.0% during the forecast period (2025-2032).

Owing to dominance of a selected group of top vendors, the global badminton equipment and products market is consolidated. Because of the fierce competition between these businesses, several cutting-edge products have to be developed and introduced onto the market. New vendors cannot enter the market due to the fierce competition between the major competitors and the introduction of so many cutting-edge items. 'Yonex Co., Ltd. (Japan) ', 'Li-Ning (China) ', 'Victor Sports (Taiwan) ', 'Babolat (France) ', 'Wilson Sporting Goods (USA) ', 'Head (Austria) ', 'Carlton Sports (UK) ', 'RSL (Reinforced Shuttlecocks Limited) (UK) ', 'FZ Forza (Denmark) ', 'Apacs Sports (Malaysia) ', 'Pro Kennex (Taiwan) ', 'Ashaway Line & Twine Mfg. Co. (USA) ', 'Nivia Sports (India) ', 'Cosco (India) ', 'Silver's (India) ', 'Decathlon (France) ', 'Mizuno Corporation (Japan) ', 'Gosen Co., Ltd. (Japan) ', 'Yumo (China) ', 'Kason (China)', 'In October 2022, Power Cushion Aerus Z badminton shoes were introduced by Yonex Co., LTD. The POWER CUSHION AERUS X is a lightweight, comfortable model with few functions.', 'In October 2022, Babolat announced the release of two new badminton racquets, the EVO AERO and EVO AERO LIGHT, which offer easy power, comfort, and greater spin. Those who prefer entertaining, lively games over intense, competitive battles should use Babolat EVO racquets.', 'In June 2022, The COMFORT Z series, a favourite of badminton legend Lin Dan, was re-announced by Yonex Co., LTD.', 'In June 2021, the badminton equipment company Li-Ning announced a new partnership with the Badminton World Federation (BWF) to become the official equipment sponsor of the BWF World Tour Finals. The partnership is aimed at promoting the Li-Ning brand and increasing its global presence.'

As people's interest in recreational activities has grown over the world, including as a complement to their busy lives and a way to reduce stress, sports have become more popular. The market has grown as a result of increased consumer understanding of the value of following safe hiking practices and staying hydrated when participating in activities. Because of their demanding schedules and health concerns, people pick adventure activities like hiking, bicycling, skiing, and trekking to unwind. It is easier for developed and emerging countries to spend more on foreign travel and other expenses due to the improvement in the global economy and growing purchasing power events. Many chances exist to change how e-commerce is viewed as a result of the growing trend of online retailing. Due to the growing customer demand, major companies stand to increase their sales and expand their regional reach significantly.

Introduction of smart badminton products: The introduction of smart badminton products is driven by technological advancements and the growing demand for products that offer a competitive edge. The sensors in these products use data analytics to give players insights into their performance, such as their swing speed and impact points on the racket. This data can help players identify areas for improvement and adjust their technique accordingly. In addition to providing performance metrics, smart badminton products also offer other features such as Bluetooth connectivity, real-time coaching, and video analysis. Some products also come with companion apps that allow players to track their progress over time and compare their performance with other players. The adoption of smart badminton products is still in the early stages, but it is expected to grow in the coming years, as more players become aware of the benefits of using these products. Manufacturers and suppliers are investing in research and development to create more advanced and affordable smart badminton products that cater to the needs of different players.

The Asia Pacific region dominated the badminton equipment and product market. One of the key aspects influencing the local market in this region has been the abundance of badminton players. The sport's enormous appeal in China, Japan, Indonesia, and other countries affected the vast majority of the badminton equipment and merchandise business. According to a poll by Pledge Sports, China has more than 100 million badminton players, followed by Japan and Indonesia with 4 million and 1 million players, respectively.