Data Bridge Market research has recently released expansive research titled "Global Tennis Racquet Market" guarantees you will remain better informed than your competition. This study provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. Tennis Racquet market research report is composed of myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. In addition, businesses can gain insights into profit growth and sustainability programme with this report. Business intelligence is an essential aspect when it comes to accomplish thorough and wide-ranging market insights and the same is applied for producing Tennis Racquet market report.
Data Bridge Market Research analyses that the tennis racquet market was valued at USD 528.26 million in 2022 and is expected to reach USD 1037.23 million by 2030, registering a CAGR of 8.80% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Overview:-
Market Definition
A tennis racquet is a bat with a long handle attached to a round frame with a network of tight strings over it. Tennis racquet is made by different materials, grip, and weight. The three key type are lightweight, medium-weight, heavy racquets and vary in manoeuvrability and control. This is made for striking a ball while playing tennis. A dizzying array of racquets for the tennis sport has come to meet the wide cross-section of customer demands, both in the professional and non-professional arena.
Tennis Racquet Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015 - 2020) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Product Type (Power Racquets, Control Racquets and Tweener Racquets), Raw Material (Carbon Fibre, Aluminium and Others), String Pattern (Open String Pattern and Tight or Closed String Pattern), Head Size (Midsize, Mid Plus, Oversize and Super Oversize), End User (Core Player and Amateur), Distribution Channel (Independent Sport Outlets, Specialty and Sports Shops, Discount Stores, Franchised Sport Outlets, Modern Retail, Online Retail and Others) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | Amer Sport (Finland), YONEX Co., Ltd.(Japan), Babolat (France), ASI LLC (Japan), Tecnifibre (France), Dunlop Sports Group Americas (U.S.), GAMMA Sports (U.S.), KC KINETIC SOLUTIONS, LLC (Taiwan), PowerAngle LLC (U.S.), Slazenger (U.K.), Wilson Sporting Goods (U.S.), Head (U.S.), ASICS Asia Pte. Ltd (India) |
Market Opportunities |
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Global Tennis Racquet Market Dynamics
Drivers
- Growing youth engagement in recreational and sports activities, as well as the increasing personal disposable income
The upward awareness about the importance of sports in maintaining health and fitness has augmented the participation rate in a tennis game. Moreover, tennis has gained substantial popularity for improving fitness, mainly among the elderly in developed nations such as France, Germany and the U.S.. Furthermore, it has benefits such as decreasing resting heart rate, enhancing aerobic activities and blood pressure, increasing bone density and improving metabolic function.
- Increase in personal fitness awareness amongst population
Growing health problems have created a requirement for fitness activities across the global population, increasing participation in sports activities, including tennis. Moreover, tennis as a recreational game has been acquired by a population of almost every age group due to its advantages across the globe. One such category is cardio tennis, which is a group workout that aids to reduce calories rationally. Huge adoption of cardio tennis amongst fitness enthusiasts is projected to drive the market growth.
Opportunities
- Increasing implementation of favorable polices
Governments of developing countries, including India and China, have encouraged sports by implementing favorable initiatives and polices. For instance, the government of India implemented Khelo India-National Program in November 2018, to grow sports activity on a domestic level. These policies are anticipated to promote the scope of tennis activity and thus, create immense opportunities for the market growth and expand the utility of racquet in the upcoming years.
- Increasing usage of carbon composites
Carbon composites enable manufacturers to maintain the flex pattern of the product so that they can alter the stiffness at several points on the frame. These carbon fiber products allow the producer to develop new designs and have better strength. Moreover, Wilson Sporting Goods, has launched a new product line named Clash. It is planned to fit with any swing style with better accuracy and power by using carbon mapping technology.
Restraints/ Challenges
- High costs associated with the tennis racquet
High expenses associated with premium racquets will pose a major challenge for the growth of market in the long run. Fluctuations in raw material costs will further hamper the market growth rate. Additionally, the availability of alternative products in the domestic markets will also generate limitations for the market growth rate.
This tennis racquet market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the tennis racquet market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In December 2021, Dow collaborated with B.T. Sports and Sport Singapore (SportSG) and launched the first-of-its-kind fully permeable in-situ tennis court. This was in line with the sustainability goals that Dow set out to achieve and was featured at the Jurong West Tennis Centre.
Key Market Players mentioned in this report:
- Amer Sport (Finland)
- YONEX Co., Ltd.(Japan)
- Babolat (France)
- ASI LLC (Japan)
- Tecnifibre (France)
- Dunlop Sports Group Americas (U.S)
- GAMMA Sports (U.S.)
- KC KINETIC SOLUTIONS, LLC (Taiwan)
- PowerAngle LLC (U.S.)
- Slazenger (U.K.)
- Wilson Sporting Goods (U.S.)
- Head (U.S.)
- ASICS Asia Pte. Ltd (India)
An influential Tennis Racquet market document makes organization armed with data and information generated by sound research methods. This market analysis helps to get up to date about various segments that are relied upon to observe the rapid business development amid the estimate forecast frame. The market research report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. Global Tennis Racquet business report plays very essential role when it is about achieving an incredible growth in the business.
https://www.databridgemarketresearch.com/reports/global-tennis-racquet-market
Opportunities :
The market is also predicted to grow faster as a result of increased end-user awareness of novel goods and rising demand for MI operations. Moreover, one important element supporting the growth of the Tennis Racquet market throughout the predicted period is the expanding technological developments in surgical equipment.
Segmentation:- Tennis Racquet Market
The tennis racquet market is segmented on the basis of product type, raw material, string pattern, head size, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Power Racquets
- Control Racquets
- Tweener Racquets
Raw Material
- Carbon Fibre
- Aluminium
- Others
String Pattern
- Open String Pattern
- Tight or Closed String Pattern
- Head Size
- Midsize Mid Plus
- Oversize
- Super Oversize
End User
- Core Player
- Amateur
Distribution Channel
- Independent Sport Outlets
- Specialty and Sports Shops
- Discount Stores
- Franchised Sport Outlets
- Modern Retail
- Online Retail
- Others
Tennis Racquet Market, By Region:
The tennis racquet market is analyzed and market size insights and trends are provided by country, product type, raw material, string pattern, head size, end user and distribution channel as referenced above.
The countries covered in the tennis racquet market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the tennis racquet market in terms. This is due to the increasing participation of youngsters in tennis tournaments in this region. Furthermore, The U.S. has the region's most significant market for Tennis racquets. According to the Tennis Industry Association (TIA) analysis, the tennis economy rose by 4.5% between 2016 and 2020.
Asia-Pacific is anticipated to be the fastest developing region during the forecast period of 2023-2030 due to rising personal disposable income, westernization, rapid globalization, modernization and increase in expenditure to strengthen the sports in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Reasons to Consider This Report:
- Save the time and resources required for entry level research by getting an insight into the leading players and segments of global Tennis Racquet
- The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
- The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the Tennis Racquet Market thereby enabling players to develop effective long term strategies in order to garner their market revenue.
- Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Queries Resolved In This Report:
- Which will be the specialties at which Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set a nearness?
- Which will be the foreseen development rates for your own economy out and out and furthermore for each portion inside?
- Which will be the application and sorts and estimate joined intently by makers?
- What will be the dangers that will attack growth?
- The length of the global market opportunity?
- How does Market share advance vacillations their value from various assembling brands?
Table of Contents: Global Tennis Racquet Market
Introduction
Market Segmentation
Executive Summary
Premium Insight
Market Overview
Covid-19 Impact on Tennis Racquet in Healthcare Industry
Global Tennis Racquet Market, by Product Type
Global Tennis Racquet Market, by Modality
Global Tennis Racquet Market, by Type
Global Tennis Racquet Market, by Mode
Global Tennis Racquet Market, by End User
Global Tennis Racquet Market, by Geography
Global Tennis Racquet Market, Company Landscape
Swot Analysis
Company Profiles
Questionnaire
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Check Complete Table of Contents with List of Table and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=global-tennis-racquet-market
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