The global squash equipment market is projected to grow by $75.2 billion from 2021 to 2026, marking a compound annual growth rate (CAGR) of 2.14 percent during the 2022-26 forecast period, according to a recent report by research and advisory firm Technavio. Growth is being driven primarily by the introduction of various national and international leagues, combined with the rise in consumer interest in the sport. Meanwhile, fluctuations in the cost of raw materials are the main challenge to market growth. The rise in material prices has negatively impacted the production costs of squash equipment.
By geography, Europe will account for 43 percent of the market’s growth during the forecast period, and growth will be faster there than in other regions. The U.K., Germany and France are the leading European markets for squash equipment. At the global level, the key consumer countries for squash sports equipment are the U.S., China, the U.K., Germany and France.
By distribution channel, the offline segment will be the largest contributor to market growth during the forecast period. This segment comprises monobrand stores, hypermarkets, department stores, supermarkets and specialty stores. The distribution of squash equipment through monobrand stores is on the rise, according to the report, leading vendors to open new stores to expand their reach.
