Badminton Apparel Sales to Reach a Valuation of US$ 33 billion by 2032 - Fact.MR Latest Study
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NEW YORK, Feb. 8, 2022 /PRNewswire/ -- In 2022, global badminton apparel sales are estimated to exceed US$ 11.72 billion. Through 2032, the industry is expected to grow at a stunning 11% CAGR, attaining a worth of US$ 33 billion. The market grew 10.98% year over year in 2022 compared to 2021.
The badminton apparel market has seen tremendous growth in recent years, thanks to the sport's growing appeal in previously underserved areas like North America and Europe. Furthermore, increased female participation in developing countries has boosted sales of women's badminton clothing, enhancing revenue opportunities.
Gender inequalities are dissipating, increasing women's involvement in badminton in most parts of the world. As a result, sportswear companies have increased their production of women's badminton clothing. According to the Sports & Fitness Industry Association (SFIA), over 6 million people played badminton in 2019, with women accounting for 2.1% of the total.
As a result, key badminton apparel such as sports bras, female socks, female jerseys, shoes, and shorts are seeing a strong increase in sales. Growth is concentrated in key growing countries such as China, India, Africa, Brazil, and others, as these countries account for the majority of increased female participation in sporting events.
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The badminton clothing market for women is also increasing significantly as a result of the new set of guidelines that have been established by sports associations for players to ensure appropriate presentation during play. Manufacturers have created apparel for women in the sports market that delivers 92% UV protection and avoids heat build-up during physical activity in response to rising market demand for UV-protective clothing that also prevents heat build-up during physical exercise.
China has risen to the top of the badminton world in recent years, with about 250 million players. According to statistics from 2018, badminton has become one of China's most popular sports. Because of the supposed health benefits, a large number of young athletes favor this sport. As a result, major badminton apparel producers are experiencing increased business opportunities across the country. Furthermore, rising popularity of badminton apparel has led to increase in sportswear market.
"Owing to the rising popularity of the sports and the increasing participation of women in the sport, the demand for natural fiber badminton apparel is increasing in the market, "says Fact.MR
Key Takeaways:
Growth Drivers:
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Competitive Landscape
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To increase market penetration, major manufacturers are cooperating with sports teams from many countries.
Key players in the Badminton Apparel Market include:
More Valuable Insights on Badminton Apparel Market
Fact.MR provides an unbiased analysis of the badminton apparel market, presenting forecast statistics for the period from (2022-2032). The study divulges compelling insights on the global badminton apparel market with a detailed segmentation on the basis of:
Key Questions Covered in Badminton Apparel Market Report
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