Tennis Racquet Market: Global Industry Forecast (2022-2027) by Raw Material, String Pattern, Distribution Channel, and Region

Tennis Racquet Market size was valued at US$ 485.53 Mn. in 2021 and the total Tennis Racquet revenue is expected to grow at 8.30 % through 2022 to 2027, reaching nearly US$ 783.41 Mn.

Tennis Racquet Market Overview:

A racquet is a part of sports used to strike a ball or shuttlecock in games such as tennis, racquetball, badminton, and squash. Tennis racquets are available in a variety of sizes, lengths, and weights. Tennis racquets are classified as lightweight or heavyweight based on their weight. Consumers choose heavyweight tennis racquets because they are more comfortable for the arm and more stable than lightweight racquets. Heavy tennis racquets are widely used in the sports section. Tennis racquets were originally constructed of wood and had a 65-square-inch head size. Since technology is advancing at a quick pace, the influence of this innovation is in favor of modifications and improvements to tennis racquets. Tennis Racquet Market To know about the Research Methodology:- Request Free Sample Report In this report, the Tennis Racquet market's growth reasons, as well as the market's many segments (Raw Material, String Pattern, Distribution Channel, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Tennis Racquet market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Tennis Racquet market situation.

Tennis Racquet Market Dynamics:

Increasing youth engagement in sports and recreational activities, as well as the rising personal disposable income, are the primary drivers driving the market growth. The growing awareness regarding the importance of sports in maintaining fitness and health has increased the participation rate in a tennis game. Furthermore, tennis has gained significant popularity for improving fitness, particularly among the elderly population, in matured economies such as Germany, France, and the US. Furthermore, it has benefits such as enhancing aerobic activities, decreasing resting heart rate and blood pressure, improving metabolic function, and increasing bone density. A heavier tennis racket has less torque and vibration, allowing players to perform much better than a lighter tennis racket. If users have wrist, elbow, or hand difficulties, a hefty tennis racket may not be the best choice for them. Other indirect market growth factors include an increase in the acceptance of healthy lifestyles, particularly in developing economies, and an increase in government and sports association expenditure on the growth of the sports world. Government and ITF support for tennis and athletics is expected to create lucrative opportunities for the growth of the Tennis Racquet market over the forecast period. The government provided funding to British Athletics and the Lawn Tennis Association to help conduct the summer tournaments and athletes' preparations for the Tokyo Olympics. The Lawn Tennis Association (LTA) received a loan of $ 14.3 million, allowing it to commit at the start of this year to ensure the grass season ahead. Furthermore, the ITF International Tennis Federation) the development program has encouraged the tennis player and grown tennis all around the world. They are working with Regional and National Associations to identify hidden talent and build new and better facilities for players. They help players at every step of the way, from the playground to the podium. Opportunities for market key players Top companies in the tennis racquet market have used a variety of techniques to boost their brand presence in the landscape. Companies have also partnered with professional tennis players to get endorsements for their products. They have also formed partnerships with tennis tournaments in order to increase their market exposure. Tennis Racquet Market 1

Tennis Racquet Market Segment Analysis:

By Raw Material, the Carbon fiber segment accounted for a significant percentage of revenue in 2020. Because of its lightweight nature, this product has grown in popularity among tennis players. Carbon materials allow for more perfect weight control around the racket. This means that racquets are suitable for a wider range of swing styles and gameplay. It offers a better balance of weight and swings. As a result, in recent years, consumer choice has shifted toward lightweight items that can provide the necessary rigidity and strength. Professional athletes choose lighter sports equipment because it allows them to perform better than heavier equipment. Tennis Racquet Market 2 By String Pattern, the Open String Pattern segment is expected to grow at the highest rate during the forecast period. The most used open string pattern racquets are 16x18 and 16x19. These are known as open string patterns because the squares are bigger and the string spacing is wider. Open string patterns have the benefit of being easier to hit with depth, power, and spin. By Distribution Channel, the offline distribution channel dominated the tennis racket market, accounting for a significant market share in terms of global volume. One of the primary aspects attracting buyers is the easy availability of a diverse selection of items at specialized stores. Through professional customer care staff, these establishments provide consumers with the required information and support.

Tennis Racquet Market Regional Insights:

In North America, the tennis racquet market is expected to grow owing to the increasing participation of youngsters in tennis tournaments. The United States has the region's most important market for Tennis racquets. According to the Tennis Industry Association (TIA), the tennis economy grew by 4.5% between 2016 and 2020. This statistic shows the value of lawn tennis racquet imports and exports from 2017 to 2020. In 2017, the value of lawn tennis racquets imported to the U.S was approximately 46.22 million dollars and in 2020 it was estimated approx. 48.67 million dollars. Tennis Racquet Market 3 In the Asia Pacific, the market is expected to grow owing to rising personal disposable income, fast globalization, westernization, modernization, and an increase in funding to develop the sports sector. In recent years, countries such as China, Australia, Japan, and India have seen tremendous growth in this sport. The objective of the report is to present a comprehensive analysis of the Tennis Racquet Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Tennis Racquet market dynamics, and structure by analyzing the market segments and projecting the Tennis Racquet market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Tennis Racquet market make the report investor’s guide.

Tennis Racquet Market Scope: Inquire before buying

Global Tennis Racquet Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 485.53 Bn.
Forecast Period 2022 to 2027 CAGR: 8.30% Market Size in 2027: US $ 783.41 Bn.
Segments Covered: by Raw Material • Carbon Fibre • Aluminum • Others
by String Pattern • Open String Pattern • Tight or Closed String Pattern
by Distribution Channel • Online • Offline

Tennis Racquet Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Tennis Racquet Market Key Players

Wilson Sporting Goods • Amer Sport (Finland), • YONEX Co., Ltd.(Japan), • Babolat (France), • ASI -CSP,llc (Japan) , • Tecnifibre ( ‎Paris), • Dunlop Sports Group Americas (the U.S.), • ABG-PRINCE OPCO, LLC (the U.S.), • GAMMA Sports (the U.S.), • PACIFIC Holding GmbH (Germany), • ProKennex (Taiwan), • ONE SPORTS s.r.l (Italy), • PowerAngle, H • EAD (the Netherlands), • Slazenger (the U.K), • Volkltennis (Germany) • Head N.V. • Solinco • ASICS Corporation • Authentic Brands Group, LLC

FAQs:

1. Which is the potential market for the Tennis racquets in terms of the region? Ans. In the APAC region, rising personal disposable income, fast globalization, westernization, modernization, and an increase in funding to develop the sports sector are expected to drive the Tennis Racquet in terms of the region. 2. What are the opportunities for new market entrants? Ans. Top companies in the tennis racquet market have used a variety of techniques to boost their brand presence in the landscape. Companies have also partnered with professional tennis players to get endorsements for their products. 3. What is expected to drive the growth of the Tennis Racquet market in the forecast period? Ans. Increasing youth engagement in sports and recreational activities, as well as the rising personal disposable income, are the primary drivers driving the market growth. 4. What is the projected market size & growth rate of the Tennis Racquet Market? Ans. The Tennis Racquet Market size was valued at US$ 485.53 Mn. in 2021 and the total Tennis Racquet revenue is expected to grow at 8.30 % through 2022 to 2027, reaching nearly US$ 783.41 Mn. 5. What segments are covered in the Tennis Racquet Market report? Ans. The segments covered are Raw Material, String Pattern, Distribution Channel, and Region.
1. Global Tennis Racquet Market: Research Methodology 2. Global Tennis Racquet Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Tennis Racquet Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Tennis Racquet Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Tennis Racquet Market Segmentation 4.1 Global Tennis Racquet Market, by Raw Material (2022-2027) • Carbon Fibre • Aluminum • Others 4.2 Global Tennis Racquet Market, by String Pattern (2022-2027) • Open String Pattern • Tight or Closed String Pattern 4.3 Global Tennis Racquet Market, by Distribution Channel (2022-2027) • Online • Offline 5. North America Tennis Racquet Market(2022-2027) 5.1 North America Tennis Racquet Market, by Raw Material (2022-2027) • Carbon Fibre • Aluminum • Others 5.2 North America Tennis Racquet Market, by String Pattern (2022-2027) • Open String Pattern • Tight or Closed String Pattern 5.3 North America Tennis Racquet Market, by Distribution Channel (2022-2027) • Online • Offline 5.4 North America Tennis Racquet Market, by Country (2022-2027) • United States • Canada • Mexico 6. Europe Tennis Racquet Market (2022-2027) 6.1. European Tennis Racquet Market, by Raw Material (2022-2027) 6.2. European Tennis Racquet Market, by String Pattern (2022-2027) 6.3. European Tennis Racquet Market, by Distribution Channel (2022-2027) 6.4. European Tennis Racquet Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Tennis Racquet Market (2022-2027) 7.1. Asia Pacific Tennis Racquet Market, by Raw Material (2022-2027) 7.2. Asia Pacific Tennis Racquet Market, by String Pattern (2022-2027) 7.3. Asia Pacific Tennis Racquet Market, by Distribution Channel (2022-2027) 7.4. Asia Pacific Tennis Racquet Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Tennis Racquet Market (2022-2027) 8.1 Middle East and Africa Tennis Racquet Market, by Raw Material (2022-2027) 8.2. Middle East and Africa Tennis Racquet Market, by String Pattern (2022-2027) 8.3. Middle East and Africa Tennis Racquet Market, by Distribution Channel (2022-2027) 8.4. Middle East and Africa Tennis Racquet Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Tennis Racquet Market (2022-2027) 9.1. South America Tennis Racquet Market, by Raw Material (2022-2027) 9.2. South America Tennis Racquet Market, by String Pattern (2022-2027) 9.3. South America Tennis Racquet Market, by Distribution Channel (2022-2027) 9.4 South America Tennis Racquet Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Wilson Sporting Goods 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Amer Sport (Finland), 10.3 YONEX Co., Ltd.(Japan), 10.4 Babolat (France), 10.5 ASI -CSP,llc (Japan) , 10.6 Tecnifibre ( ‎Paris), 10.7 Dunlop Sports Group Americas (the U.S.), 10.8 ABG-PRINCE OPCO, LLC (the U.S.), 10.9 GAMMA Sports (the U.S.), 10.10 PACIFIC Holding GmbH (Germany), 10.11 ProKennex (Taiwan), 10.12 ONE SPORTS s.r.l (Italy), 10.13 PowerAngle, H 10.14 EAD (the Netherlands), 10.15 Slazenger (the U.K), 10.16 Volkltennis (Germany) 10.17 Head N.V. 10.18 Solinco 10.19 ASICS Corporation 10.20 Authentic Brands Group, LLC

About This Report

Report ID 54872
Category Consumer Goods & Services
Published Date March 2020
Updated Date May 2022
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