The global racquet sports equipment market is projected to reach $272.4 million by 2031, growing at a compound annual growth rate (CAGR) of 4.3 percent from 2022 to 2031, according to a new report by Dublin-based Research and Markets.

The growing demand will be driven by increased fitness consciousness among consumers and a rapid rise in per capita disposable income. Growth will be partially offset, however, by a decline in participation of the young generation in sports activity due to an ongoing rise in the penetration of the internet, smartphones, computers and other electronic media & entertainment devices, which have been shifting the involvement of children and youth towards indoor activities. North America, the highest revenue contributor in 2021, is estimated to reach $82.0 million by 2031 at a CAGR of 2.8 percent. North America currently has a market share of 34.7 percent. By product type, the balls segment was the highest contributor to the market in 2021 and is estimated to grow at a CAGR of 2.9 percent during the forecast period. The balls segment accounts for 2.9 percent of the racquet sports equipment market. By end user, the women segment is estimated to grow at a CAGR of 5.2 percent during the forecast period. Finally, by distribution channel, the specialty stores segment exhibited the highest growth in 2021 and is estimated to grow by 4.7 percent CAGR during the forecast period. The e-commerce segment, however, is expected to witness a growth rate of 5.6 percent, making it the fastest-growing distribution channel during the forecast period.