Mexico Racket Sports Equipment Market Overview, 2028

Mexico Racket Sports Equipment Market Overview, 2028

Mexico is one of the largest countries in the Americas and 13th in the whole world. Mexico is home to various individual sports like tennis, golf, taekwondo, track and field, and their second most popular sport, boxing. Pelota Mixteca is an ancient game similar to tennis without a net, the ball is hit with decorated gloves and is played in Mexico. Tennis is ranked as the 8th most popular sport played across the country and racquetball at 10th place. Historically, the best Mexican tennis player is undoubtedly Rafael Osuna, who was ranked number 1 in the world in 1963 after winning the US Open Championship. There is an annual tennis tournament in Mexico, the Abierto Mexicano Telcel, which is held in Acapulco. It is part of the ATP Tour and the WTA Tour. Some of the famous Mexican Tennis players: Rafael Osuna, Raúl Ramírez, Santiago González, Antonio Palafox, Eduardo Peralta-Tello, Juan Manuel Elizondo, Yola Ramírez, and Leonardo Lavalle. Racquetball is still very popular in Mexico. The Racquetball World Championships have been happening every two years since 1981, and Mexico hosted 2 editions, in 1994 and 2000. A Mexican player, Álvaro Beltrán, won the 2000 edition and became World Champion. Famous Mexican Racquetball players: Álvaro Beltrán, Daniel De La Rosa, Alejandro Landa, Susana Acosta, Paola Longoria.

According to the research report, “Mexico Racket Sports Equipment Market Overview, 2028” published by Bonafide Research, the market is projected to add USD 21.57 million by 2028. The country’s rising youth population and increasing craze for racket sports are the factors that are contributing to the Mexico Racket Sports Equipment market and it has anticipated significant growth in upcoming years These factors are piquing consumers' interest and fueling the nation's rising demand for the Racket Sports Equipment products, which is anticipated to benefit the market's potential expansion. The paddle is a Mexican sport created by the sportsman Enrique Corcuera, who in its beginnings managed to create a court, similar to a tennis court, surrounded by walls, which made it a unique court. The success of this sport was able to expand immediately to countries such as Spain and Argentina, which achieved that the paddle was recognized by the International Federation. The first World Paddle Tournament was held in 1992 with the participation of eight countries: Argentina, Mexico, Paraguay, Uruguay, Spain, France, England, and Italy.

Organized sports in Mexico provide children with the safety to build confidence and essential life skills that can help end cyclical poverty. According to Mexico’s national social development board in May 2020, half of all Mexican children ages five through 14 hadn’t engaged in physical exercise for at least a year. The lack of physical activities and available sports contributes to Mexico’s climbing obesity rate, which neared 30% as of early 2020. Sports in Mexico provide a safe space for children to play, socialize and build friendships without the threat of theft and violence that lurk on the streets.

The market for racket sports equipment in Mexico has experienced rapid expansion. The market for racket sports equipment is expanding as a result of factors including growing disposable incomes, increased health consciousness among the populace, and supportive government regulations. The demand for racket sports equipment is increasing as the young population of the country develops an interest in sports and the racket sports equipment industry grows more quickly. The national government of Mexico makes significant contributions to the development of sporting infrastructure, which in turn promotes the market development for racket sports equipment. Additionally, the popularity of e-commerce is growing, which makes it simpler for buyers to purchase sporting items online. The country's growing urbanization is another factor driving the market's expansion. The nation's increase in sports participation has been boosting the market for racket sports equipment. Some of the specialty stores selling Racket Sports Equipment in Mexico are Tienda Diablos, Innovasport, Nike Company Store, Adidas Originals Store, Brompton Mexico, New Balance, Lust Masaryk, Lust DF, The Triathlon Store, Decathlon, and Deportes Ruben among others. Apart from these, there are several online retailers or sports equipment retailers that sell through web portals.

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

Aspects covered in this report
• Mexico Racket Sports 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
• Rackets
• Balls
• Bags
• Eyewear
• Accessories (Cap, Wrist bands, Headband, Racquet grip, Racquet Strings, Racquet Covers, Gloves Etc.)

By Distribution Channel
• Supermarket/ Hypermarket
• Speciality stores
• Online Stores

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, annual reports of companies, and analyzing 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.