Tennis Equipment Market to reach US$ 10.8 Bn by the end of

DUBAI, United Arab Emirates, Jan. 27, 2022 (GLOBE NEWSWIRE) — The global tennis equipment market is expected to account for a value of $9 Bn in 2022, and rise at a CAGR of 2.9% to reach an estimated net worth of $10.8 Bn by the end of 2029.

According to a market report published by Future Market Insights, the global sales value of tennis equipment is likely to reach US$9 Bn in 2022. According to the report, the Tennis Equipment Market is projected to expand at a CAGR of ~2.9% during the forecast period.

Tennis Equipment Market Size (2022) $9 Bn
Projected Market Revenue (2029) $10.8 Bn
Global Market Growth Rate (2022-2029) 2.9% CAGR
Dominant Product with Market Share Tennis Racquets – 25.1%

Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-8467

Racquets are expected to contribute the highest revenue share in the global tennis equipment market in 2022. In recent years, increasing number of women participation in sports activities such as tennis has been complementing the growth of the global sports industry, thereby potentially raising the demand for sports equipment.

The number of individual buyers of tennis equipment are likely to increase at rapid pace, owing to growing participation of young and cardio tennis players over the past few years. Additionally, manufacturers are on an innovation spree, as lightweight racquets, such as Head Graphene 360 ​​Radical Lite racket, continue to gain significant tractions, enabling players to swing them faster and generate more topspin on the ball.

Independent sports outlet is estimated to be the leading sales channel in the global tennis equipment market in 2022, due to availability of high quality products at affordable price which is affecting larger competitors in the market.

Additionally, various manufactures of tennis equipment have shifted their concentration heavily upon the distribution of equipment through online sales channels. It could be evidently seen that a majority of tennis shoe manufactures, such as Adidas, Puma, Yonex and Li Ning, have turned their attention to capture sales of tennis shoes through online channels, such as company’s official e-commerce websites and third-party e-commerce websites.

For any Queries Related with the Report, Ask an [email protected] https://www.futuremarketinsights.com/ask-question/rep-gb-8467

Tennis Equipment Industry Report Scope

Attribute Details
Forecast period 2022-2029
Historical Data Available for 2014-2021
Market Analysis Units for Sales, US$ Mn for Value
Key Regions Covered • North America

• Latin America

• Europe

• East Asia

• South Asia & Pacific

• Middle East & Africa (MEA)

Key Countries Covered • United States

• Canada

• Brazil

• Mexico

• Germany

• UK

• France

• Spain

• Italy

• China

• Japan

• South Korea

• India

• Indonesia

• Malaysia

• Singapore

• Australia

• New Zealand

• Turkey

• South Africa

• and GCC Countries

Key Market Segments Covered • Product

• Material

• Buyer

• Sales Channel

• Region

Key Companies Profiled • Amer Sports Corporation

• Head NV

• Dunlop Sports Co. Ltd.

• Tecnifibre

• Oliver Sports & Squash GmbH

• Harrow Sports Inc.

• Babolat

• Yonex Co. Ltd.

• Adidas AG

• Gamma Sports

• Prince Global Sports LLC

• ProKennex

• One Strings

• Solinco

• Nike Inc.

• Playmate Ball Machines

• Volkl Int. GmbH

South & East Asia Remains Prominent Market for Tennis Equipment

Growing influence of professional tennis among the Asian population is offering a lucrative opportunity for tennis equipment market players in South & East Asia. Additionally, factors such as booming Chinese economy, development of sports infrastructure, and training facilities have created opportunities for various stakeholders in the sports equipment manufacturing ecosystem.

Profound interest of government as well as private sector in sports activities such as tennis has helped to strengthen the image of sports within the developing countries. Transition of casual to core tennis participation is likely to contribute substantial growth to the tennis equipment market. The fitness increasing trend among millennials in the Asia Pacific region is expected to provide an impressive growth to the tennis equipment market during 2022-2029.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-8467

Rising awareness about protecting our environment and the preference for natural products is expected to promote the growth of biodegradable and eco-friendly tennis products. People are preferring natural gut tennis strings, as a more eco-friendly option. These strings are made from recycled synthetics or alternative materials.

The raw material used in natural gut strings is a by-product of the meat industry, a viable alternative to petroleum-based plastics. Furthermore, people are preferring athletic clothing made from recycled or sustainable materials which is creating a massive opportunity for the growth of the global tennis equipment market during the forecast period.

Explore FMI’s Extensive ongoing Coverage on Consumer Product

Sports Protective Equipment Market – Global demand for sports protective equipment is picking up steadily, after a hiatus and recovery period after the global financial crisis.

Ski Gear & Equipment Market – Skiing is considered to be one of the most popular and fascinating adventure sport practiced in the North American and the European regions in large scale.

Massage Equipment Market – This rising work stress is one of the major factor that is positively impacting the growth of massage equipment market. The rising appeal of massage equipment among millennials in the market is another factor contributing towards massage equipment market growth.

Sports Inspired Clothing Market – Sportswear as fashion clothing has highly integrated into the cultures across the globe. Sports inspired clothing or athletic-inspired clothing is trending in the industry as adoption of a healthy lifestyle is gaining momentum.

Shoe Storage & Organizers Market – The shoe storage and organizers market has been seeing tremendous growth over the past few years, owing to the changing lifestyle of the consumer and the easy availability of the product.

Electric Heated Shoes Market – The electric heated shoes designed for its applications in the geographical areas where the temperature is below zero degrees during all day and night.

Trail Shoes Market – Trail shoes are footwear intended for off-road journeys that include several design elements. Trail shoes involve walking or running on a different terrain in an outdoor environment, reaping the benefits of the geographical features.

Waterproof Shoe Covers Market – Demand is increasing for Waterproof rubber shoe covers as the rubber shoe covers protect the user from all types of liquids. The significant benefit of rubber csover is its refusal to conduct electricity.

Hip shield Market – The Hip shield is a protective device that is designed to help reduce the risk of hip fractures. It is a hip pad sewn into the garment and the main function of the hip shield is to guard against injuries that are likely to occur due to lateral falls.

Cosplay Clothing Market – The global market is set to witness steady growth at a CAGR of ~6% during the forecast period. The preferences for cosplay clothes by all age individuals has driven the growth in the industry since past few years.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, US and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/tennis-equipment-market

Press Release Source: https://www.futuremarketinsights.com/press-release/tennis-equipment-market

.

Leave a Comment