India Squash Market Growth Rate Analysis (2021-2031)
The India Squash Market witnessed a remarkable surge from 2021 to 2024, with a robust CAGR of 17.03%. This period was characterized by explosive growth rates, starting at 70.59% in 2021 and gradually moderating to 12.23% in 2024. However, as the market matured, the growth trajectory stabilized, with a forecasted CAGR of 14.89% from 2025 to 2031. The growth rates post-2024 demonstrate a more sustainable pattern, hovering around the mid-teens annually. This indicates a phase of market consolidation and stabilization following the initial rapid expansion phase. The positive but decelerating CAGR suggests a more balanced and steady growth path for the India Squash Market in the coming years, reflecting a more mature and less volatile market environment.
India Squash Market Synopsis
The squash market size in India was estimated at around US$ 15 million during 2025 and it is projected to register a healthy CAGR over 6% between 2025 ? 2031 due primarily owing its popularity as one form recreation activity amongst all age groups especially youngsters who are more active participators than others categories. Further snowballing effects caused by introduction new formats like Doubles or Triples tournaments also helped spur overall revenue generation which otherwise have been stagnant within traditional singles play format. Furthermore , upcoming international squash championship scheduled for 2025 shall also attract plenty spectators interest thereby creating favorable sales opportunities throughout duration event.
Drivers of the market
The squash market in India is witnessing a rise in popularity, driven by the increasing awareness of health and fitness among the population. Squash is gaining traction as a recreational sport and is being actively promoted at the grassroots level. The growing number of squash tournaments and the participation of India players in international events are also fueling the sport`s growth. Furthermore, the endorsement of squash by prominent athletes and celebrities is expected to boost its popularity and contribute to the market`s expansion.
Challenges of the Market
The India squash market faces challenges related to raising awareness and popularity of the sport. Cricket dominates the sports scene in India, and other sports struggle to gain widespread recognition and support. Limited infrastructure for squash courts and the need for regular maintenance can also hamper the growth of the sport.
Covid-19 Impact on the Market
The India squash market has been growing steadily due to the rising awareness of health and fitness among the population. Squash is gaining popularity as a recreational and competitive sport, particularly among urban dwellers. However, the market experienced a setback during the COVID-19 pandemic as sports and recreational activities were suspended to curb the spread of the virus. The closure of sports facilities and limited outdoor engagements led to reduced demand for squash equipment. As the situation improves and restrictions are lifted, the market is expected to bounce back with renewed interest in sports and fitness activities.
Key Players of the Market
The squash market in India is witnessing steady growth, driven by the increasing interest in sports and fitness activities. The popularity of squash as a recreational sport is leading to a rise in demand for quality squash equipment. Key players in this market include Dunlop India Ltd., HEAD India Sports Pvt. Ltd., Wilson Sporting Goods, and Tecnifibre India, among others. These key players have established themselves as prominent brands in the India squash market, offering a variety of squash racquets, balls, and accessories.
Key Highlights of the Report:
- India Squash Market Outlook
- Market Size of India Squash Market, 2024
- Forecast of India Squash Market, 2031
- Historical Data and Forecast of India Squash Revenues & Volume for the Period 2021-2031
- India Squash Market Trend Evolution
- India Squash Market Drivers and Challenges
- India Squash Price Trends
- India Squash Porter's Five Forces
- India Squash Industry Life Cycle
- Historical Data and Forecast of India Squash Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By No Added Sugar for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Added Sugar for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Nature for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Regular for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Blended for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Flavors for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Citrus Fruit, for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Berry, for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Tropical & Exotic Fruit for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Mixed Fruit for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Offline Channels for the Period 2021-2031
- Historical Data and Forecast of India Squash Market Revenues & Volume By Online Channels for the Period 2021-2031
- India Squash Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Nature
- Market Opportunity Assessment By Flavors
- Market Opportunity Assessment By Distribution Channel
- India Squash Top Companies Market Share
- India Squash Competitive Benchmarking By Technical and Operational Parameters
- India Squash Company Profiles
- India Squash Key Strategic Recommendations
