The latest market report published by Credence Research, Inc. “Global Table Tennis Market: Growth, Future Prospects, and Competitive Analysis, 2017 – 2030”. The Global Table Tennis Market generated revenue of around USD 125.1 million in 2022 and is anticipated to grow a CAGR of over 2.1% during the forecast period from 2023 to 2030 to reach around USD 144.68 million in 2030.
Increasing disposable income and rising living standards have caused the market for table tennis balls to grow quickly. The sport’s popularity as a leisure activity in many industrialized countries, including the U.S., is another factor boosting sales of table tennis equipment. In addition, factors like the expansion of tennis tournaments and the rapid replacement of tennis balls drive up the demand for new tennis balls. While some people participate in fitness programs to keep their bodies in shape, others play table tennis for fun. Aside from other health benefits, table tennis helps to strengthen the core muscles, maintains mental clarity, and enhances hand-eye coordination.
The global Table Tennis market is bifurcated into Product Type, End User, and Geography. Based on product type, the market is categorized into one star ball, two star ball, three star balls, and others. Based on parts, the global market is segmented into Fitness & Recreation and Match Training. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
In 2022, Asia Pacific dominated the global Table Tennis market and accounted for a major market revenue share in terms of value. Since more sports clubs are opening up in countries like China and India and people are spending more money on leisure activities, the Asia-Pacific region will have the largest regional market for table tennis balls. Factors like the rising disposable incomes of Indian consumers also aid the expansion of this market.
Table Tennis is a popular indoor sport that has gained global recognition over the years. The Table Tennis Market major players analysis involves an in-depth study of prominent brands and companies competing for market share. Companies such as STIGA, Butterfly, JOOLA, DHS Sports, Cornilleau, Yasaka, Donic Schildkröt are some of the leading players in this industry. These companies have been dominating the market with their innovative products and marketing strategies. Each company offers its unique range of equipment and accessories to cater to different customer needs.
Why to Buy This Report-
- The report provides a qualitative and quantitative analysis of the global Table Tennis market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level
- In-depth global table tennis market segmentation analysis based on product type and end user.
- The global Table Tennis market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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