All Golf & Racquet sports articles
-
ArticleSquash racquet market is poised to increase, but needs more visibility
According to a recent report by Research and Markets, the global squash racquets market was valued at $175 million in 2022 and is expected to post a compound annual growth rate (CAGR) of 4.2 percent through 2028. Growth is driven by the sport’s increasing popularity and an expanding player base, ...
-
News briefsPadel Trend Expo kicks off in Milan
The second edition of Padel Trend Expo is kicking off on Jan. 19 at Allianz MiCo in Milan. The international event entirely dedicated to the sport of padel brings together industry operators to discover future trends and the latest innovations in the sport. In 2023, the inaugural edition of the ...
-
News briefsEastside golf secures $3.4M funding
The trend of micro-brands making a mark in the golf industry continues, with Eastside Golf being the latest player to secure funding. The lifestyle golf brand announced on Thursday that it successfully closed a seed round led by EP Golf Ventures, a partnership between PGA of America and venture capital ...
-
News briefsHall of Famer joins USA Pickleball as VP of Competition
USA Pickleball, the national governing body for the sport of pickleball in the US, has appointed Steve Wong as Vice President of Competition. In this role, Wong will lead USA Pickleball’s competition department, focusing on expanding and streamlining all sanctioned tournaments, including national championships, regional tournaments and general sanctioning. ...
-
ArticlePádel Nuestro ups its year-end sales forecast
Pádel Nuestro Group is forecasting an increase in annual sales of 27 percent, to €65 million, for full-year 2023, according to CMDsport. This is up from November’s forecast of €62 million. E-commerce should account for about 55 percent of the total. In what parent company 360 Padel Group’s CEO is ...
-
ArticleOn Holding maintains lofty objectives despite moderating wholesale revenues
The Swiss company On Holding, which intends to double its net sales by 2026, increase its gross profit margin to above 60 percent and push its adjusted Ebitda above 18 percent, is only forecasting high-single-digit wholesale growth in Q4 2023. Direct-to-consumer sales (DTC), meanwhile, are expected to continue their torrid ...
-
News briefsGolf apparel market’s growth is fueled by mobile solutions and social media
The global golf apparel market is projected to accelerate at a compound annual growth rate (CAGR) of 6.26 percent during the 2022-2027 period, according to a new 163-page report by Research and Markets, titled “Global Golf Apparel Market 2023-2027.” The adoption of integrated mobile solutions that enhance the overall golfing ...
-
News briefsLIV Golf appoints COO
Source: LIV Golf Lawrence J. Burian Following a “competitive international recruiting process,” LIV Golf has announced the appointment of Lawrence J. Burian as Chief Operating Officer (COO). In this role, he will oversee a large range of responsibilities, including corporate development and strategy, investor relations, human resources, ...
-
ArticlePádel has a “courts” problem in the US
Eric Loftus discovered pádel as a business proposition when, in 2021, he traveled to Cologne and paid a visit to FSB, the self-described international trade show for public space, sports and leisure facilities. As he has now explained to The Padel Paper, “every single booth at that trade show was ...
-
News briefsFire at large Taiwanese golf ball factory may impact global market
A massive fire and explosion occurred on Sept. 22 in a factory at the Pingtung Technology Industrial Park in Pingtung County, Southern Taiwan, which produces golf balls for major brands. The fire reportedly killed nine people, including four firefighters, while more than 80 people were taken to the hospital, as ...
-
News briefsPádel brand invites you to rent before you buy
StarVie has introduced eight-day pre-purchase rentals for pádel racquets. The fee per rental is €22.90 and includes the costs of shipping to and from the customer and of insurance to cover any damage to the racquet. The racquet is delivered to and collected from whatever address the customer provides. If ...
-
News briefsPGA study highlights “enormity of opportunity” for growth of women’s golf in the U.K.
A recent study carried out by U.K.-based Professional Golfers Association (PGA), in collaboration with Ipsos, has highlighted a huge opportunity to grow the women’s game in the U.K. and Ireland. The study is part of a comprehensive initiative, known as “Golf for All,” that aims to delve into the evolving ...
-
News briefsGolf equipment market projected to grow at 4% CAGR by 2028
The golf equipment market, which was worth US$7.6 billion in 2022, is projected to post a compound annual growth rate (CAGR) of 4 percent during the period 2023–2028, according to a new report by Research and Markets. The growth will be primarily driven by the increasing popularity of golf, with ...
-
ArticleNew alliance, and new level of business, in pickleball
Major League Pickleball by Margaritaville (MLP) and Carvana Pro Pickleball Association Tour (PPA Tour) have merged “under a unified and definitive professional pickleball holding company.” The deal will preserve the two brands – the PPA Tour being a “traditional, bracket-style tour” and the MLP being a “team-based, coed league.” Combined, ...
-
News briefsTopgolf Callaway Brands among investors in EP Golf Ventures’s first investment fund
EP Golf Ventures, a strategic investment partnership between Elysian Park Ventures and the PGA of America designed to support innovation in the golf industry, has announced the completion of the first closing of its first investment fund, EP Golf Ventures Fund I. Selected investors in EP Golf Ventures Fund I ...
-
ArticleOn officially announces entry into tennis category ahead of US Open
Source: On Tennis star Roger Federer joined On in 2019 Following its sixth consecutive quarter of record-breaking growth, Swiss sportswear brand On celebrated its entry into tennis last week with a community-focused event at Fort Greene Park in Brooklyn, New York. On Aug. 23, just days before ...
-
ArticleNew digs for a Spanish court manufacturer
AFP Courts is hastening to complete a project that – to the exclusion of raw-materials procurement – will focus its entire operation at a single site, according to CMDsport. Situated in Barcelona, the facility encompasses 10,500 square meters, with 3,500 going towards the factory and the remaining 7,000 towards a ...
-
News briefsGlobal racquet sports equipment market to post 2.78% CAGR to 2026
The racquet sports equipment market is projected to increase by US$469.78 million from 2021 to 2026, representing a compound annual growth rate (CAGR) of 2.78 percent, according to a recent report by research firm Technavio. In 2022, the market increased by 2.3 percent, recovering from the negative impact of the ...
-
News briefsHead’s creative studio heads to London’s Design District
According to the U.K. publication Retail Times, Head Sport, based in Kennelbach, Austria (Head International GmbH and Head Sport GmbH) and Amsterdam (group parent Head N.V.), has chosen London’s new Design District as the new official home for its Innovations and Creative Studio. Located in 230 sqm in Building B4, ...
-
News briefsAmer reports best H1 since acquisition by Anta
Helsinki-based sports equipment manufacturer Amer Sports has recorded its best H1 since the company was acquired by a consortium of buyers led by the Chinese group Anta Sports Products Ltd. in 2019. Amer’s revenues rose by 37 percent to 13.27 million yuan renminbi (€1.77bn) for the six months ended June ...
