PUBLISHER: Grand View Research | PRODUCT CODE: 1587523
PUBLISHER: Grand View Research | PRODUCT CODE: 1587523
The global squash rackets market size is expected to reach USD 346.5 million by 2030, registering a CAGR of 5.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Significant increase in the number of squash sports tournaments across the globe is the key factor for the market growth. Moreover, increasing popularity of squash sports plays a key role in increasing the product demand.
Carbon fiber raw material segment is expected to lead the global market over the next few years. Products made of these materials have been gaining traction among amateur and professional players due to lower weight and higher strength and durability. North America dominated with a revenue share of 29.3% in 2023, driven by the high demand for sports equipment and the popularity of squash as a recreational activity.
Key companies in the squash rackets market include Head N.V., Dunlop Sport, Tecnifibre, Wilson Sporting Goods, Prince Global Sports, Babolat, Ektelon LLC., Amer Sports, ONE SPORTS s.r.l., and Harrow Sports. Major manufacturers focus on new product development to expand their market reach. For instance, in March 2019, Tecnifibre launched a new squash racket with improved design and physical properties under the brand name 'Tecnifibre Dynergy APX 120'. This racket has arch technology with grommets and 14*17 string patterns for increased powers.