Market overview
The global racket market is worth USD 3.7 bn in 2026 and is forecast to reach USD 6.3 bn by 2036, growing at a 5.5% CAGR. China is the largest country market and Badminton is the largest by sport segment.
| Scope | Strung racquets for tennis, badminton, squash, padel and table tennis sold to players and clubs. |
|---|---|
| Industry | Consumer Product |
| Value 2025 | USD 3.5 bn |
| Value 2026 | USD 3.7 bn |
| Value 2036 | USD 6.3 bn |
| CAGR 2026-2036 | 5.5% |
| Volume 2026 | 146 million pieces |
| Volume 2036 | 226 million pieces |
| Average price 2026 | USD 25.2 per piece |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Racket market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 3.7 bn |
| 2027 | USD 3.9 bn |
| 2028 | USD 4.1 bn |
| 2029 | USD 4.3 bn |
| 2030 | USD 4.6 bn |
| 2031 | USD 4.8 bn |
| 2032 | USD 5.1 bn |
| 2033 | USD 5.4 bn |
| 2034 | USD 5.7 bn |
| 2035 | USD 6.0 bn |
| 2036 | USD 6.3 bn |
Racket market segmentation
By sport
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Badminton | 40.0% | 34.7% | USD 1.5 bn | 4.0% |
| Tennis | 28.0% | 22.1% | USD 1.0 bn | 3.0% |
| Padel | 14.0% | 29.0% | USD 517 mn | 13.5% |
| Squash | 6.0% | 4.3% | USD 222 mn | 2.0% |
| Table tennis and others | 12.0% | 9.9% | USD 443 mn | 3.5% |
By material
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Carbon fibre and graphite | 52.0% | 57.1% | USD 1.9 bn | 6.5% |
| Aluminium and alloy | 28.0% | 22.0% | USD 1.0 bn | 3.0% |
| Composite and others | 20.0% | 20.9% | USD 738 mn | 6.0% |
By player level
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Beginner and recreational | 54.0% | 53.0% | USD 2.0 bn | 5.3% |
| Intermediate and club | 30.0% | 30.0% | USD 1.1 bn | 5.5% |
| Professional and elite | 16.0% | 17.0% | USD 591 mn | 6.1% |
By price tier
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Entry under USD 50 | 38.0% | 35.0% | USD 1.4 bn | 4.6% |
| Mid USD 50 to 150 | 40.0% | 40.0% | USD 1.5 bn | 5.5% |
| Premium above USD 150 | 22.0% | 25.0% | USD 812 mn | 6.9% |
By channel
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Specialty sports stores | 36.0% | 33.0% | USD 1.3 bn | 4.6% |
| Online | 34.0% | 39.0% | USD 1.3 bn | 7.0% |
| Sporting goods chains | 22.0% | 20.0% | USD 812 mn | 4.5% |
| Clubs and academies | 8.0% | 8.0% | USD 295 mn | 5.5% |
Top 25 countries for racket by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 82.0% of 2026 revenue and the 25 countries below together hold 95.7%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 812 mn | 22.0% | USD 1.3 bn | 5.2% |
| 2 | United States | USD 517 mn | 14.0% | USD 814 mn | 4.6% |
| 3 | India | USD 332 mn | 9.0% | USD 795 mn | 9.1% |
| 4 | Japan | USD 295 mn | 8.0% | USD 404 mn | 3.2% |
| 5 | Spain | USD 222 mn | 6.0% | USD 555 mn | 9.6% |
| 6 | Indonesia | USD 185 mn | 5.0% | USD 303 mn | 5.1% |
| 7 | United Kingdom | USD 185 mn | 5.0% | USD 265 mn | 3.7% |
| 8 | Germany | USD 185 mn | 5.0% | USD 278 mn | 4.2% |
| 9 | France | USD 148 mn | 4.0% | USD 233 mn | 4.7% |
| 10 | South Korea | USD 148 mn | 4.0% | USD 221 mn | 4.1% |
| 11 | Malaysia | USD 52 mn | 1.4% | USD 88 mn | 5.5% |
| 12 | Thailand | USD 44 mn | 1.2% | USD 76 mn | 5.5% |
| 13 | Australia | USD 41 mn | 1.1% | USD 69 mn | 5.5% |
| 14 | Canada | USD 37 mn | 1.0% | USD 63 mn | 5.5% |
| 15 | Argentina | USD 37 mn | 1.0% | USD 69 mn | 6.5% |
| 16 | Italy | USD 37 mn | 1.0% | USD 63 mn | 5.5% |
| 17 | Netherlands | USD 37 mn | 1.0% | USD 63 mn | 5.5% |
| 18 | Taiwan | USD 33 mn | 0.9% | USD 50 mn | 4.3% |
| 19 | Mexico | USD 33 mn | 0.9% | USD 63 mn | 6.6% |
| 20 | Brazil | USD 33 mn | 0.9% | USD 63 mn | 6.6% |
| 21 | Sweden | USD 30 mn | 0.8% | USD 50 mn | 5.5% |
| 22 | Vietnam | USD 30 mn | 0.8% | USD 63 mn | 7.9% |
| 23 | Russia | USD 22 mn | 0.6% | USD 32 mn | 3.6% |
| 24 | Philippines | USD 22 mn | 0.6% | USD 44 mn | 7.1% |
| 25 | Poland | USD 18 mn | 0.5% | USD 32 mn | 5.5% |
| Rest of world | USD 159 mn | 4.3% | USD 208 mn | 2.7% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Yonex
- Wilson Sporting Goods
- Head
- Babolat
- Li-Ning
- Victor
Group 2: Regional and specialist players
- Dunlop Sports
- Prince
- Tecnifibre
- Gosen
- Slazenger
- Gamma Sports
Group 3: Emerging and niche players
- Bullpadel
- Nox
- Siux
- Kumpoo
- Apacs
- Carlton Sports
- Karakal
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the racket market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 5.5% is calculated from the resulting values.
The market is divided by sport, by material, by player level, by price tier, by channel. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the racket market?
The global racket market is estimated at USD 3.5 bn in 2025 and USD 3.7 bn in 2026.
How fast will the racket market grow?
It is forecast to reach USD 6.3 bn by 2036, a compound annual growth rate of 5.5% from 2026, an increase of USD 2.6 bn.
Which country is the largest market for racket?
China is the largest market by revenue at USD 812 mn in 2026, 22.0% of the global total. The three largest countries together hold 45.0%.
Which country is growing fastest?
Among the ten largest markets, Spain is growing fastest at 9.6% a year from 2026 to 2036.
Which racket segment is largest?
In the by sport split, Badminton is the largest segment with 40.0% of 2026 revenue.
Who are the leading racket companies?
Global leaders include Yonex, Wilson Sporting Goods, Head, Babolat.
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