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Racket Market Size, Share and Forecast 2026-2036

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.

USD 3.7 bnMarket size 2026
USD 6.3 bnForecast 2036
5.5%CAGR 2026-2036
ChinaLargest country

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Report price: Starts from USD 1,999

5 segmentation views25 countries2026 to 2036 yearly forecast

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.

ScopeStrung racquets for tennis, badminton, squash, padel and table tennis sold to players and clubs.
IndustryConsumer Product
Value 2025USD 3.5 bn
Value 2026USD 3.7 bn
Value 2036USD 6.3 bn
CAGR 2026-20365.5%
Volume 2026146 million pieces
Volume 2036226 million pieces
Average price 2026USD 25.2 per piece
Report priceStarts from USD 1,999
PublishedNovember 2026

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Racket market size and forecast, 2026-2036

Exhibit 1The global racket market is forecast to grow from USD 3.7 bn in 2026 to USD 6.3 bn by 2036, a rise of 71%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 5.5%
Racket market value, 2025 to 2036Market value by year. 2025: USD 3.5 bn; 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. Compound annual growth rate 2026 to 2036: 5.5%.20253.7 bn20264.8 bn20316.3 bn20365.5% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 3.7 bn
2027USD 3.9 bn
2028USD 4.1 bn
2029USD 4.3 bn
2030USD 4.6 bn
2031USD 4.8 bn
2032USD 5.1 bn
2033USD 5.4 bn
2034USD 5.7 bn
2035USD 6.0 bn
2036USD 6.3 bn

Racket market segmentation

By sport

Exhibit 2Badminton is the largest segment by sport, with 40.0% of 2026 revenueEstimated share of 2026 global revenue, by sport
Racket market share by sport, 2026Share of 2026 revenue by sport. Badminton: 40.0%; Tennis: 28.0%; Padel: 14.0%; Table tennis and others: 12.0%; Squash: 6.0%.Badminton40.0%Tennis28.0%Padel14.0%Table tennis and others12.0%Squash6.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Badminton40.0%34.7%USD 1.5 bn4.0%
Tennis28.0%22.1%USD 1.0 bn3.0%
Padel14.0%29.0%USD 517 mn13.5%
Squash6.0%4.3%USD 222 mn2.0%
Table tennis and others12.0%9.9%USD 443 mn3.5%

By material

Exhibit 3Carbon fibre and graphite adds the most revenue by material, growing from USD 1.9 bn in 2026 to USD 3.6 bn by 2036Estimated revenue in USD by material, 2026 and 2036 forecast
Racket market by material, 2026 and 2036Revenue by material in 2026 and 2036. Carbon fibre and graphite: USD 1.9 bn in 2026, USD 3.6 bn in 2036, change +87%; Aluminium and alloy: USD 1.0 bn in 2026, USD 1.4 bn in 2036, change +34%; Composite and others: USD 738 mn in 2026, USD 1.3 bn in 2036, change +79%.20262036 forecastChangeCarbon fibre and graphite+87%1.9 bn3.6 bnAluminium and alloy+34%1.0 bn1.4 bnComposite and others+79%738 mn1.3 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Carbon fibre and graphite52.0%57.1%USD 1.9 bn6.5%
Aluminium and alloy28.0%22.0%USD 1.0 bn3.0%
Composite and others20.0%20.9%USD 738 mn6.0%

By player level

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Beginner and recreational54.0%53.0%USD 2.0 bn5.3%
Intermediate and club30.0%30.0%USD 1.1 bn5.5%
Professional and elite16.0%17.0%USD 591 mn6.1%

By price tier

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Entry under USD 5038.0%35.0%USD 1.4 bn4.6%
Mid USD 50 to 15040.0%40.0%USD 1.5 bn5.5%
Premium above USD 15022.0%25.0%USD 812 mn6.9%

By channel

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Specialty sports stores36.0%33.0%USD 1.3 bn4.6%
Online34.0%39.0%USD 1.3 bn7.0%
Sporting goods chains22.0%20.0%USD 812 mn4.5%
Clubs and academies8.0%8.0%USD 295 mn5.5%

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%.

Exhibit 4China is the largest country market at USD 812 mn in 2026, and the three largest countries hold 45.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Racket market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 812 mn, 22.0%; United States: USD 517 mn, 14.0%; India: USD 332 mn, 9.0%; Japan: USD 295 mn, 8.0%; Spain: USD 222 mn, 6.0%; Indonesia: USD 185 mn, 5.0%; United Kingdom: USD 185 mn, 5.0%; Germany: USD 185 mn, 5.0%; France: USD 148 mn, 4.0%; South Korea: USD 148 mn, 4.0%.China812 mn 22.0%United States517 mn 14.0%India332 mn 9.0%Japan295 mn 8.0%Spain222 mn 6.0%Indonesia185 mn 5.0%United Kingdom185 mn 5.0%Germany185 mn 5.0%France148 mn 4.0%South Korea148 mn 4.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 812 mn22.0%USD 1.3 bn5.2%
2United StatesUSD 517 mn14.0%USD 814 mn4.6%
3IndiaUSD 332 mn9.0%USD 795 mn9.1%
4JapanUSD 295 mn8.0%USD 404 mn3.2%
5SpainUSD 222 mn6.0%USD 555 mn9.6%
6IndonesiaUSD 185 mn5.0%USD 303 mn5.1%
7United KingdomUSD 185 mn5.0%USD 265 mn3.7%
8GermanyUSD 185 mn5.0%USD 278 mn4.2%
9FranceUSD 148 mn4.0%USD 233 mn4.7%
10South KoreaUSD 148 mn4.0%USD 221 mn4.1%
11MalaysiaUSD 52 mn1.4%USD 88 mn5.5%
12ThailandUSD 44 mn1.2%USD 76 mn5.5%
13AustraliaUSD 41 mn1.1%USD 69 mn5.5%
14CanadaUSD 37 mn1.0%USD 63 mn5.5%
15ArgentinaUSD 37 mn1.0%USD 69 mn6.5%
16ItalyUSD 37 mn1.0%USD 63 mn5.5%
17NetherlandsUSD 37 mn1.0%USD 63 mn5.5%
18TaiwanUSD 33 mn0.9%USD 50 mn4.3%
19MexicoUSD 33 mn0.9%USD 63 mn6.6%
20BrazilUSD 33 mn0.9%USD 63 mn6.6%
21SwedenUSD 30 mn0.8%USD 50 mn5.5%
22VietnamUSD 30 mn0.8%USD 63 mn7.9%
23RussiaUSD 22 mn0.6%USD 32 mn3.6%
24PhilippinesUSD 22 mn0.6%USD 44 mn7.1%
25PolandUSD 18 mn0.5%USD 32 mn5.5%
Rest of worldUSD 159 mn4.3%USD 208 mn2.7%
Exhibit 5China and India account for 38% of the USD 2.6 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Racket market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 3.7 bn. China: +USD 531 mn; India: +USD 462 mn; Spain: +USD 333 mn; United States: +USD 297 mn; Indonesia: +USD 118 mn; 20 other countries: +USD 824 mn; Rest of world: +USD 49 mn. Market value 2036: USD 6.3 bn.Market value 20263.7 bnChina+531 mnIndia+462 mnSpain+333 mnUnited States+297 mnIndonesia+118 mn20 other countries+824 mnRest of world+49 mnMarket value 20366.3 bn

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.

Read the full research methodology

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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