Between 2013 and 2023, the per capita market size of badminton rackets in Thailand showed fluctuations, with a peak in 2015 and a consistent decline from 2016 onwards, stabilizing at $0.18 from 2020 to 2023. This represents a contraction as compared to earlier highs.
The year-on-year analysis indicates no change from 2022 to 2023, demonstrating a trend of stagnation. Over the last five years, the compound annual growth rate (CAGR) reflects a steady decrease in market size.
Looking ahead, potential growth could be influenced by factors such as increased popularity of badminton, government initiatives to promote sports, and emerging technologies in racket materials enhancing performance. Monitoring consumer trends and economic conditions will be crucial.
- Peak market value in 2015
- Steady value from 2020 to 2023
- Future growth influenced by sports popularity and technological advancements
| # | 21 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 France | 1.04 | 2023 | View data | ||
| 2 | 2 Japan | 0.94 | 2023 | View data | ||
| 3 | 3 Norway | 0.79 | 2023 | View data | ||
| 4 | 4 United Kingdom | 0.77 | 2023 | View data | ||
| 5 | 5 South Korea | 0.68 | 2023 | View data | ||
| 16 | 16 Poland | 0.22 | 2023 | View data | ||
| 17 | 17 Slovakia | 0.19 | 2023 | View data | ||
| 18 | 18 Thailand | 0.18 | 2023 | |||
| 19 | 19 Bosnia and Herzegovina | 0.093 | 2023 | View data | ||
| 20 | 20 Philippines | 0.06 | 2023 | View data | ||
