A tennis racquet is made for striking a ball while playing tennis. The rising importance of sports in maintaining body metabolism and improving muscular strength is projected to increase the popularity of tennis among health-conscious adults. In addition, the increasing popularity of cardio tennis in developed countries, including Germany, France, and the US, is projected to remain a critical factor over the coming years.
The market was valued at US$ 307.33 Million in 2020 and is projected to reach US$ 355.83 Million by 2028; it is expected to grow at a CAGR of 2.1% from 2021 to 2028. The report highlights key factors driving the market and prominent players along with their developments in the market.
The growing awareness regarding the significance of sports in sustaining fitness and health has increased the participation rate in tennis worldwide. Furthermore, tennis has gained significant popularity for better fitness, particularly among the elderly population, in matured economies including Germany, France, and the US. Moreover, it also exhibits certain advantages such as increasing aerobic activities, lowering resting heart rate and blood pressure, improving metabolic function, and increasing bone density. In addition to this, cardio tennis has gained remarkable popularity among all age groups. It is a group activity that includes a high-energy workout, including warm-up and cardio workouts to burn calories in a healthy way. Cardio tennis follows the positive trends in group exercise and fitness. In 2018, the participation rate in tennis sport had reached 2.5 million in the US, and it grew by about 12%. According to the Physical Activity Council (PAC) data, cumulative US tennis participation increased a slim 0.9% (a total of 17.84 million players) from 2017 to 2018. As these generations are entering maturity and consequently experiencing increased flexible income, spending on participation in multiple sports activities has increased. This has been highly beneficial for the development of the tennis industry, and demand for tennis equipment is projected to support the growth of the tennis racquet market over the forecast period.
The key players operating in the global tennis racquet market include YONEX Co. LTD.; HEAD N.V.; Babolat.; Sumitomo Rubber Industries, Ltd; Amer Sports; GAMMA Sports; Maus Frères SA; PACIFIC Holding GmbH; ATHENTIC BRANDS GROUP LLC; and FREEWILL INFRASTRUCTURES PVT. LTD.
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Global tennis racquet market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe.
The tennis racquet market is categorized based on end-users like young users and adult users.
The reason behind overall market growth could be rising percentage of participation in tennis activities and presence of key manufacturers in the region.
The key players of tennis racquet market are online retail Yonex, Amer Sports, Tecnifibre, Babolat, HEAD, ASICS, Solinco, Dunlop Sports Group Americas, Slazenger, Gamma, PowerAngle, and ProKennex These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Global Market for tennis racquet to 2023 offers detailed coverage of tennis racquet industry and presents main market trends.
Report contents include Analysis of the tennis racquet market including revenues, future growth, market outlookHistorical data and forecastRegional analysis including growth estimatesAnalyzes the end user markets including growth estimates.Profiles on tennis racquet including products, sales/revenues, and market positionMarket structure, market drivers and restraints.
The study offers a basic overview of the market share of Tennis Racquet, the competitive segment with a fundamental introduction of key suppliers, leading regions, types of products and end industries.
This report provides a historical overview, market dynamics, revenue, cost structure, growth, capacity, and key driver analysis for Tennis Racquet.
Different parameters are used to determine either the growth of global Tennis Racquet Market or the market decline.
The study covers various factors, solutions, and ways to maximize market share.The key points covered are:Overview: In this section, along with the overview of the report, the description of the global Tennis Racquet market is provided in order to have a board view of the scope and content of the research study.
Full report With TOC @ https://www.fastmr.com/report/157/tennis-racquet-marketCompetitive Analysis: This study will favor industry players as it will help them achieve competitive advantage over their rivals.Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development expansion and other market activities).
The study also provides company’s positioning and market share in Tennis Racquet Market.Key Market Trends: This section presents in-depth analysis of the recent and future trends in the market.Market Forecasts: In terms of value and volume, the research analysts presented reliable and verified values of the overall market size.
