Global Squash Equipment Market Outlook
Revenue, 2024
$881M
Forecast, 2034
$1.82B
CAGR, 2025 - 2034
7.5%
The Squash Equipment industry revenue is expected to be around $947.5 million in 2025 and expected to showcase growth with 7.5% CAGR between 2025 and 2034. The squash equipment industry remains vibrant and enduring with factors driving its growth momentum persistently intact. The passion for squash as a sport and the continual evolution of equipment design to enhance performance play roles in sustaining the markets relevance over time. Moreover; the increasing interest from fitness enthusiasts further bolsters its appeal and longevity in the market. A growing awareness of squash and its subsequent integration, into local clubs; schools; colleges have also significantly fueled its expansion. The change in what consumers prefer moving towards advanced technology in gaming equipment to enhance their gaming experience and skills has increased the importance and growth potential of the market significantly. New markets and advancements in producing and distributing equipment present significant opportunities, for businesses involved in this thriving market.
Squash gear mainly includes squash racquets and balls along with eyewear and suitable shoes and clothing for the sports players to perform at their best level effectively combining creative design and technological progressions in their construction. The high demand for these items stems from their role in supporting the dynamic and speedy nature of a game such, as squash.
Market Key Insights
- The Squash Equipment market is projected to grow from $881.4 million in 2024 to $1.82 billion in 2034. This represents a CAGR of 7.5%, reflecting rising demand across Competitive Squash Matches, Educational Institutions and Physical Fitness & Wellness Centers.
- Head NV, Dunlop Sports Group Americas Inc., Prince Global Sports LLC are among the leading players in this market, shaping its competitive landscape.
- U.S. and UK are the top markets within the Squash Equipment market and are expected to observe the growth CAGR of 4.9% to 7.2% between 2024 and 2030.
- Emerging markets including India, South Africa and Malaysia are expected to observe highest growth with CAGR ranging between 8.6% to 10.3%.
- Transition like Digitization Drive is expected to add $51 million to the Squash Equipment market growth by 2030.
- The Squash Equipment market is set to add $935 million between 2024 and 2034, with manufacturer targeting Educational Institutions & Individual Consumers End-Users projected to gain a larger market share.
- With
revival of squash sports popularity, and
technological advancements in equipment manufacturing, Squash Equipment market to expand 106% between 2024 and 2034.
Opportunities in the Squash Equipment
Engaging in partnerships with well known squash leagues or established players could offer a substantial advantage, for the brand involved. Sponsoring tournaments and teaming up with squash training institutions could yield benefits. Moreover such alliances would not only increase the exposure of squash gear but also elevate brand recognition and stimulate sales.
Growth Opportunities in North America and Asia Pacific
In North America's market for Squash Equipment is well established but full of opportunities still waiting to be explored and tapped into fully by companies like Harrow Sports and Black Knight among others that have made significant impacts in this industry sector. The desire for cutting edge Squash Equipment is substantial due to the rising popularity of Squash among fitness enthusiasts and individuals looking for engaging activities. Consumers in North America show a preference, for lasting and top performing equipment which drives progress in the development of new product designs. The rise in popularity of Squash tournaments in states like California and New York has led to a surge in interest, in the sports gear and attracted numerous new players to the market scene. However the heightened competition calls for selling propositions and smart market positioning to thrive successfully.
Asia Pacific region specifically countries like Japan, Australia and India have showcased potential for Squash Equipment market growth. The increasing desire for environmentally friendly products is pushing manufacturers towards adopting sustainable methods in their manufacturing processes. Furthermore to note is that the availability of priced Squash Equipment has contributed to a rise in popularity of the sport within the expanding middle class demographics residing notably in India and China; subsequently sparking an uptick in demand, for variouss of equipment used for Squash activities. Online shopping websites play a role, in fulfilling this need primarily because of the convenience and extensive variety of goods they offer.
Market Dynamics and Supply Chain
01
Driver: Revival of Squash Sports Popularity, and Rising Health and Fitness Awareness
The squash sports industry is also seeing a revival following setbacks caused by the outbreak and this resurgence is also propelling the market for squash equipment forward. The market for equipment such as squash rackets, balls, string, grips and other accessories is also on the rise as both enthusiasts and professional players are also investing in gear. Their inclination, towards top notch equipment is also anticipated to drive growth in this sector. Engaging in activities such as playing squash is also becoming more popular as an effective way to stay physically fit nowadays. The rising emphasis on living a lifestyle and the positive impacts it brings like better heart health and increased flexibility and stamina are also driving the interest in squash gear. People who choose squash as part of their fitness regimen and buy their equipment play a key role in boosting the demand, for squash products.
Manufacturers are also integrating cutting edge technologies to create high tech squash gear that offers durable squash racquets with excellent shock absorption capabilities using modern materials like graphite or composite fibers – a key factor in driving market expansion. Innovations such, as pressure balls that enhance longevity and ensure consistent bounce predictability are also also contributing positively to market trends.
02
Restraint: High Costs of Squash Equipment
High quality squash gear can come with a price tag due to the advanced features and new technology it offers – making it out of reach for many players who are just starting out or are, on a tight budget. This expensive range of products limits the number of customers and could slow down the widespread use of innovative squash equipment.
03
Opportunity: Advances in Squash Equipment Technology and Untapped Youth Market
Recent advancements in squash gear represent a development within the sport industry as a whole. Breakthroughs, in the materials used for constructing rackets and balls well as the incorporation of new design elements have the potential to greatly enhance players performance and overall enjoyment of the game. Through embracing progressions companies specializing in Squash Equipment could present top quality and unique products tailored to match the evolving requirements and desires of today's squash enthusiasts.
There is an opportunity in the market for the younger generation who are interested in playing squash but have not only been fully explored yet. Manufacturers can tap into this by creating equipment that suits the preferences and budgets of players to expand their customer base effectively. This could involve developing squash gear targeted at institutions, like schools and colleges which has the potential to boost sales and business growth significantly.
04
Challenge: Lack of Awareness and Exposure
Squash is a liked sport in some parts of the world but doesn't have the same level of recognition as sports such as football or basketball do globally. The lack of exposure to squash leads to lower demand for squash equipment. Unless there is an increase in awareness and interest in this sport the market, for squash equipment may continue to be restricted in its growth.
Supply Chain Landscape
1
Raw Material Procurement
Dunlop SportsTechnifibre
2
Equipment Production
Black KnightPrince Sports
3
Distribution & Logistics
SpaldingAdidas
4
Retail & End Consumer Sales
DecathlonAmazon
1
Raw Material Procurement
Dunlop SportsTechnifibre
2
Equipment Production
Black KnightPrince Sports
3
Distribution & Logistics
SpaldingAdidas
4
Retail & End Consumer Sales
DecathlonAmazon
Use Cases of Squash Equipment in Competitive Matches & Educational Institutions
Competitive Squash Matches : In Squash games at the professional level players rely on top of the line Squash gear, including high quality rackets, balls and specialized footwear. These premium tools are crafted to elevate the players skills through their durability, control and precision. Leading brands, like Dunlop and Head have maintained their market stronghold by delivering top notch products that cater to the needs of elite squash players.
Physical Fitness & Wellness Centers : Squash gear is commonly found in gyms and health centers for fitness purposes. These places often have squash courts as part of their fitness options to members and visitors alike. Youth typically see squash rackets and balls being used. they are pretty standard equipment for everyone to use there.The great thing about having this setup is that it encourages people to lead a lifestyle and stay physically active. Some known brands like Wilson and Tecnifibre offer top notch gearthat'sboth durable and reliable, for regular play sessions.
Educational Institutions : Educational facilities such as schools and colleges commonly utilize Squash gear including rackets and balls for activities like physical education classes and competitive games to promote the sport among young individuals effectively in the market sector where popular brands like Prince and Karakal are renowned, for their cost effective and long lasting products.
Recent Developments
In the realm of squash, technological advancements in equipment have the power to alter the scene. The sports increasing popularity has led to a surge in demand, for squash gear. The expansion of the customer base is driving market trends fuelled by innovation and increased competition.
December 2024 : Dunlop unveiled a design for squash rackets with a focus on enhancing the overall playing experience, for consumers as part of their ongoing efforts to expand in the squash equipment sector.
October 2024 : The company Hyper Squash has been recognized for their approach and introduced a fresh line of squash footwear with an enhanced traction system designed to facilitate quick movements, on the court..
July 2024 : Artengo introduced a line of squash balls made from high quality materials that enhance control and speed. This innovation has been shown to increase consumer interest, in the market.
Impact of Industry Transitions on the Squash Equipment Market
As a core segment of the Sports Gear & Equipment industry,
the Squash Equipment market develops in line with broader industry shifts.
Over recent years, transitions such as Digitization Drive and Sustainable Practices have redefined priorities
across the Sports Gear & Equipment sector,
influencing how the Squash Equipment market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Digitization Drive
In the realm of Squash Equipment sales and distribution there has been a shift towards embracing digital advancements as a key industry development in recent times. This transformation is driven by the evolution of technology and has brought about significant changes in how Squash Equipment is conceptualized, manufactured and made available to customers. The emergence of digital platforms has opened up fresh avenues for consumers to browse and buy Squash Equipment resulting in heightened customer interaction and enhanced operational efficiency for businesses. Associated sectors like manufacturing and retail have also undergone changes, with the adoption of automated processes and data focused approaches becoming increasingly commonplace. This industry transition is expected to add $51 million in the industry revenue between 2024 and 2030.
02
Sustainable Practices
The Squash Equipment industry is undergoing a change with a stronger emphasis now placed upon sustainability practices due to the rising environmental consciousness among consumers and companies alike. More and more businesses are integrating methods into their manufacturing processes to create eco friendly Squash Equipment that minimizes harm to the environment which has been well received by consumers in the market. This shift towards sustainability is not only limited to the Squash Equipment sector but is also influencing other industries, like logistics and supply chain management as they adapt greener policies to align with the eco friendly values of the Squash Equipment market.