Tennis Racquet Market Increasing Energy Demands are Driving Growth
A Qualitative Research Study accomplished by Data Bridge Market research's titled as "Tennis Racquet Market" with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy to understand detailed analysis. Tennis Racquet market research report has been generated with the systematic gathering and evaluation of market information for Tennis Racquet industry which is presented in a form that explains various facts and figures to the business. This market research report contains thorough analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. It lends a hand to companies to take decisive actions to deal with threats in niche market. A brilliant team of analysts, experts, statisticians, forecasters and economists has worked rigorously to generate this advanced and all-inclusive Tennis Racquet market research 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.
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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
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REPORT METRIC |
DETAILS |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015 - 2020) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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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) |
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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 |
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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) |
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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.
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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Tennis Racquet market
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Tennis Racquet Market
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- In addition, it offers insights into the dynamics of customer behavior that can help the organization better curate market strategies
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- The market research report includes all of the market's valuable elements, such as sales growth, product pricing & analysis, growth opportunities, and recommendations for addressing market challenges
- The Tennis Racquet report covers all the primary mergers & acquisitions, alliances, and collaborations that have generated additional opportunities for market players or in some cases, challenges
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Regional Analysis/Insights: Tennis Racquet Market
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.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Tennis Racquet Market: Regulations
- Market Overview
- Global Tennis Racquet Market, By Variety
- Global Tennis Racquet Market, By Packaging Size
- Global Tennis Racquet Market, By Application
- Global Tennis Racquet Market, By Distribution Channel
- Global Tennis Racquet Market, By Region
- Global Tennis Racquet Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-tennis-racquet-market
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