Table tennis equipment market will witness dominance of racket segment with around 59% market share by 2020, says Technavio

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LONDON–(COMMERCIAL THREAD) – According to the latest market research published by Technavio, the global table tennis equipment market is expected to reach $ 649.6 million by 2020, with a CAGR of over 2%.

This research report entitled ‘Global Table Tennis Equipment Market 2016-2020‘provides in-depth market analysis in terms of revenue and emerging market trends. To calculate the market size, the report took into consideration the revenue generated by retailing different types of table tennis equipment to individual consumers, clubs and pubs, and sports organizers.

Table tennis is the most popular in Asia-Pacific (APAC) with more than 350 million players in 2015. The sport is turning into a recreational sport in the United States, which now had 17 million players in 2015, up from nearly than 15 million players in 2006. Even in the UK, over two million people had played recreational table tennis by 2015.

The market has many growth factors, one of the most significant being a worldwide increase in the number of development programs by table tennis associations like ITTF and Table tennis England, to encourage regular participation. The growing popularity of table tennis as a recreational sport in many developed countries like the United States is another reason to boost sales of the equipment.

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by Technavio consumer and retail Analysts classify the global table tennis equipment market into three major product segments. They are:

Global Table Tennis Equipment Market Shares by Product (2020)

Product Market shares (%)

Racket

58.68%

Ball

19.59%

Table

17.34%

Others

4.45%

Source: Technavio

Global Table Tennis Rackets Market

Ping pong racket The market is expected to reach USD 380.8 million by 2020, showing a CAGR of over 2%. The table tennis racket, also known as the racket and bat, is the most important segment of the table tennis equipment market, as the racket plays a key role in the game. The racket consists of rubber and blades that can be replaceable.

Innovation in rubber and wood is one of the trends in the snowshoe segment. In 2014, STIG pulled out a racket called Carbon Pro
for advanced and professional players. It uses a variety of technologies to increase rotation and speed. However, the segment has a slow replacement cycle for intermediate and newbie players. Clubs and pubs also distribute rackets for hire, which is one of the main reasons for the lack of racket possession by casual and recreational players.

Global Table Tennis Ball Market

The table tennis ball is the second largest market segment in 2015 with a market share of almost 20%. The ball segment is the second fastest growing category in the table tennis equipment market because the ball replacement cycle is fast. On average, the ball is replaced every 2-3 sets. The ITTF’s change in ball regulation has a major impact on its growth. Under the new rule, all celluloid balls must be replaced with plastic balls larger than 40 millimeters in all ITTF tournaments.

The ITTF has not completely banned celluloid balls, so these balls are still used in many non-ITTF games. The need of the hour is innovation in new plastic balls because they are not as durable as celluloid balls, explains Mantri Charan Kumar, responsible retail goods and services Technavio research analyst.

Global Ping Pong Table Market

The Ping pong table segment accounted for a market share of over 17% in 2015. The table tennis table market is growing slower than the racket and ball markets as it is the most durable product and can normally last longer. of 10 years. Table Tennis England’s initiative to increase participation in the sport has had a substantial impact in the country by increasing regular participation. Another driver of this segment is the growing adoption of table tennis as a recreational and social gathering sport in clubs and pubs, particularly in the United States.

The sharing of the table by many people and the preference to rent rather than buy a table hamper the growth opportunities in the market. One of the current trends is technological innovation in table tennis, which provides real-time data and analysis to players by tracking individual movements. The implementation of such analyzes in the table will be a growing trendMantri adds.

The top vendors highlighted by Technavio research analysts in this report are:

  • Butterfly

  • Double happiness

  • DONIC

  • JOOLA

  • STIG

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About Technavio

Technavio

is one of the world’s leading technology research and consulting companies. The company develops more than 2,000 research projects each year, covering more than 500 technologies in 80 countries. Technavio has approximately 300 analysts around the world who specialize in personalized consulting and business research assignments on the latest cutting-edge technologies.

Technavio analysts use primary and secondary research techniques to determine the size and landscape of vendors in a range of markets. Analysts obtain insights using a combination of bottom-up and top-down approaches, in addition to using internal market modeling tools and proprietary databases. They corroborate this data with data obtained from various market players and stakeholders throughout the value chain, including vendors, service providers, distributors, resellers and end users.

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