The forecasted market size of badminton rackets in the Philippines is expected to grow steadily from 2024 to 2028. In 2023, the market stood at $6.58 million. By 2024, the forecast indicates a value of $6.74 million, representing a year-on-year growth of approximately 2.43%. Subsequent years show consistent growth: 2.54% in 2025, 2.43% in 2026, 2.33% in 2027, and 2.23% in 2028. The Compound Annual Growth Rate (CAGR) for the five-year period from 2024 to 2028 is approximately 2.39%.
Future trends to watch for in this market include technological advancements in racket materials, increasing popularity of badminton as a sport, and potential economic factors that may impact consumer spending on sports equipment. Additionally, growth in local and regional badminton tournaments and initiatives to promote sports participation could drive market expansion.
