Press release
Tennis Racquet Market Expected to Reach US$ 437 Mn By 2017-2022, Fact.MR survey reveals
A tennis racquet is a lightweight implement that includes netting (such as nylon) stretched in a usually oval open frame with a handle attached to it and that is used for striking the tennis ball.
This Fact.MR report on the global tennis racquet market forecasts that the global tennis racquet market will touch a value of nearly US$ 437 Mn in the year 2022 and grow at a moderate CAGR during the assessment period.
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North America Market Set to Dominate the Global Tennis Racquet Market in Terms of Revenue
The market in North America is set to dominate the global tennis racquet market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America tennis racquet market is the most attractive market, growing at a steady CAGR over the assessment period.
Power Tennis Racquet Segment Poised to Touch a Value of Nearly US$ 250 Mn in 2022
As per the forecast of Fact.MR, the power tennis racquet segment is expected to reach a value of nearly US$ 250 Mn in the year 2022. This represents a steady CAGR during the forecast period of 2017-2022. Power tennis racquet segment is expected to account for more than half of the revenue share of the racquet type segment by the year 2017 and is expected to gain market share by the end of the year 2022.
Less than 27 Inch Segment to exhibit a CAGR of 4.2% During the Assessment Period
As per the forecast of Fact.MR, the less than 27 inch segment is slated to touch a figure of nearly US$ 31 Mn in the year 2022. This represents a CAGR of 4.2% during the assessment period from 2017 till the year 2022. This segment is expected to lose market share by the end of the year 2022. The less than 27 inch segment is expected to account for nearly one-tenth of the revenue share of the racquet length segment by the year 2017.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global tennis racquet market through 2022, which include ASICS Corporation, Yonex Co. Ltd., Dunlop Sports Group Americas, Inc., Authentic Brands Group, LLC, Head N.V. and Babolat VS. SA.
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