LONDON--(BUSINESS WIRE)--Sep 13, 2018-- analysts forecast the global squash equipment market to register a revenue of close to USD 652 million during the forecast period, according to their latest market research report.
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Technavio has published a new market research report on the global squash equipment market for the period 2018-2022. (Graphic: Business Wire)
The advent of digital squash courts is one of the major trends being witnessed in the . Digital squash courts are becoming popular catalysts for the growth of the global squash equipment market. Vendors such as Germany-based Fun with Balls have developed digital squash courts called interactiveSQUASH, which transforms standard squash courts into interactive training and game centers. The interactiveSQUASH training modules coach and assess speed, accuracy, technique, and conditioning with instant visual feedback and analysis.
According to Technavio analysts, one of the key factors contributing to the growth of the global squash rackets market is the introduction of various national and international leagues:
Global squash equipment market: Introduction of various national and international leagues
Squash associations such as the PSA, along with many country-specific associations are introducing various national and international tournaments. These associations are also spending more to support basic level squash tournaments to encourage higher participation. The PSA organizes more than 200 squash tournaments across the world every year and has over 900 registered players under its aegis.
According to a senior analyst at Technavio, “Apart from standard squash tournaments such as the World Squash Championships and the China Squash Challenge Cup, numerous squash competitions and tournaments are being held on a worldwide scale. The global squash equipment market can avail of greater opportunities from such developments, while consumer interest in the sport also gets stimulated. Some of the popular squash tournaments include the WSF World Cup and WSF World Championship.”
Global squash equipment market: Segmentation analysis
The global squash equipment market research report provides market segmentation by product (squash rackets, squash balls, and squash shoes), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of these products, the squash rackets segment held the largest market share in 2017, contributing to over 38% of the market. This product segment will continue to dominate the market during the forecast period owing to the improved string quality.
The EMEA held the largest share of the market in 2017, accounting for close to 53% share. It was followed by the Americas and APAC respectively. The region is expected to continue to dominate the market.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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PUB: 09/13/2018 08:23 AM/DISC: 09/13/2018 08:23 AM