Russia Racket Sports Equipment Market Overview, 2028

Russia Racket Sports Equipment Market Overview, 2028

Russia is involved in sports like table tennis, tennis, badminton, squash, and many more. All of these sports are popular among Russians. Russia has produced several successful tennis players. One of the reasons for the popularity of racket sports is their ease of access. They are also relatively inexpensive to begin playing, assuming there are public courts nearby. While most Russians are familiar with the four major racket sports—tennis, badminton, squash, and table tennis—there are numerous different varieties played around the world. Athletes of Russia have been very successful on the world stage. Following the unexpected personal endorsement of President Dmitry Medvedev for the racquet sport, Russia will teach its soldiers to play badminton to increase its combat capacity.

According to Bonafide Research's research report Russia Racket Sport MarketOverview, 2028, the RUSSIA racket sports market is expected to add USD 26.67 Million by 2028. People most like to play the sport, which is gradually increasing the market for sports in Russia. Tennis rackets come in a variety of styles on the Russian market. There are also various types of badminton and shuttlecocks available on the market. The price of each product varies from product to product. The Russian racket sports equipment market is being driven by the rising popularity of table tennis and the rising number of people playing the game around Russia. Additionally, there is an increase in people's awareness of fitness, sports, and exercise as a result of an increase in sports education and training in academic institutions. Additionally, governments in emerging economies are taking more sports initiatives. On the other hand, big brands' entry into markets where sports facilities and products aren't readily available, key players' establishment of sports facilities, sports centers, and playgrounds, donations of sports equipment, construction of sports facilities, free sports competitions, free training for potential athletes provided by a variety of NGOs, and the growing interest of young people in sports are expected to provide potential growth opportunities for the market in the coming years.

There are numerous clubs and associations in Russia for table tennis, badminton, and other sports Russian national table tennis championship 2022 (March 25, 2020, March 31, 2022) is Russia’s annual national championship, which will be held for the 31st time in 2022, The current competition will take place in Orenburg, Russia, at the sports complex known as the Table Tennis Center of Russia. Since 1992, the Russian Table Tennis Championships have been held. Rivalries are held under the protection of the Russian Table Tennis Alliance (FNTR). Men's and women's singles and doubles and mixed doubles compete for medals. Russian Daniil Medvedev, 25, defeated Serbia's Novak Djokovic, the top tennis player in the world, to win the US Open tennis title (6:4, 6:4, 6:4). This is Daniel's first triumph in a Grand Slam competition. He was the third Russian in history to triumph in a match of this caliber.

Tennis has become increasingly popular as a leisure sport in both developed and emerging nations, which has had a big impact on the market's growth trajectory. Children's growing interest in sports and desire to join tennis club teams have both increased demand for the product. Many young, aspiring sports advocates choose a career in professional tennis. Therefore, it is expected that the aforementioned variables will continue to have a beneficial impact on the development of the tennis business and the demand for tennis racquets in the years to come. The potential for market participants will also be highlighted by the broad spectrum of end consumers' strong demand for the product and technological advancements. Manufacturers of tennis rackets are combining cutting-edge technologies such as bending zones, air modules, and woofers to make them more durable and efficient.

COVID 19 impact
The COVID-19 pandemic has decimated sports almost all national and international sports events have been canceled or postponed due to the pandemic. Most major sporting events at the international, regional, and national levels, including marathons, football tournaments, athletics championships, basketball games, handball, ice hockey, rugby, cricket, sailing, skiing, weightlifting, and wrestling, have been canceled or postponed to protect the health of participants and athletes. For the first time in modern games' history, the Olympics and Paralympics will both take place in 2021.

Considered in this report
• Geography: Russia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Russia racket sports types of equipment market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Rackets
• Balls
• Bags
• Eyewear
• Accessories (Cap, Wrist bands, Headband, Racquet Grips, Racquet Strings, Racquet Covers, Gloves Etc.)

By Sports Type:
• Tennis (Lawn Tennis)
• Table Tennis
• Badminton
• Squash
• Padel
• Others (Racquetball)

By Distribution Channel:
• Hypermarket/Supermarkets
• Specialty Stores
• Online Stores
• Other Distribution Channels

By End-User:
• Men
• Women
• Kids

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the racket sports equipment industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.