openPR Logo
Press release

US$ 700 Million Tennis Racquet Market is Likely to Grow at 3.5% CAGR During the Period 2020-2030

04-06-2021 03:26 PM CET | Sports

Press release from: Fact.MR

Tennis Racquet Market

Tennis Racquet Market

The tennis racquet market is anticipated to reach a valuation of over US$ 700 million by 2030, with the growth rate pegged at 3.5% during 2020 to 2030. Increasing adoption of sports and new players in the tennis industry are expected to highly benefit the expansion of the global tennis racquet market.

Get detailed COVID-19 impact analysis on theTennis Racquet Market:
https://www.factmr.com/report/238/tennis-racquet-market

Increased investments on outdoor sports and adoption of new alternative means of exercise by sports enthusiasts have highly benefited the tennis racquet market. This trend is expected to be accelerated during the recovery period of the COVID-19 crisis.

Key Takeaways from Tennis Racquet Market Study

Europe will account for a share of over 30% in the global tennis racquets market in 2020. High concentration of professional players has been seen in this region, leading to strong demand for premium tennis racquets.

Click Here To get a Sample (Including Full TOC, Table & Figures)
https://www.factmr.com/connectus/sample?flag=S&rep_id=238

Asia pacific is expected to portray the highest growth rate of over 4% during the forecast period.

Based on racquet type, demand for tweener racquets accounts for the highest share in the market, and is expected to grow 1.4X by 2030 over the value in 2020.
Demand for mid plus head size tennis racquets is expected to grow 1.5X by 2030 over 2020.

Online retail is expected to show high growth during the forecast period, while the brick and mortar sales channels, which includes sports stores, is expected to experience moderate growth.

Need more information about Report Methodology? Click here
https://www.factmr.com/connectus/sample?flag=RM&rep_id=238

Due to the COVID-19 pandemic, most sports centers have been shut, resulting in decreased activity, which will hurt the growth of the global tennis racquet market in the short term.

“Investments in differentiated offerings of tennis racquets for player comfort and usage is expected to present lucrative returns to market players during the forecast period,” says a Fact.MR analyst.

Innovations and Differentiated Offerings Leading Market Growth

The tennis racquet market has seen multiple changes in recent years, and is expected to show moderate growth during the forecast period. Companies in the tennis racquet market have been focusing on innovative offerings and differentiating their portfolios.

Connect To an Expert
https://www.factmr.com/connectus/sample?flag=AE&rep_id=238

Companies such as Yonex Co., Ltd, Amer Sports, and Sumitomo Rubber Industries, Ltd have been differentiating their offerings of tennis racquets with collaborations with professional tennis players. Similar developments are also expected to take place in the tennis racquet market space during the forecast period.

Find More Valuable Insights on Tennis Racquet Market

Fact.MR, in its new offering, provides an unbiased analysis of the global tennis racquet market, with historical data on demand (2015-2019) and expected projections for the period (2020-2030).

The tennis racquet market report discloses compelling insights into demand for tennis racquets based on racquet type (control racquets, power racquets, and tweener racquets), string pattern (open string pattern and tight or closed string pattern), head size (midsize, mid plus, oversize, and super oversize) and sales channel (independent sport outlets, franchised sport outlets, modern retail, and online retail), across several major regions of the world.

Content Source:
https://www.factmr.com/media-release/1669/global-tennis-racquet-market

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com

About Fact.MR:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release US$ 700 Million Tennis Racquet Market is Likely to Grow at 3.5% CAGR During the Period 2020-2030 here

News-ID: 2266599 • Views: 180

More Releases from Fact.MR

Adhesion promoters market: business opportunities, current trends, challenges & …
Adhesion Promoters Market: Overview and Dynamics Adhesion promoters are widely used in the development and manufacture of numerous products. It covers the layer of material or the skin of material to enhance the adhesion capabilities of an adhesion promoter. Regarding the efficacy of the end application of adhesion products in a variety of paint, coating, and plastic applications, the physical state of the interface is a major solicitation factor. The market for
5-hydroxytryptophan market near term outlook to remain stunted owing to covid-19 …
5-Hydroxytryptophan Market: Overview and Dynamics The important amino acid precursor used in serotonin formulations is 5-hydroxytryptophan. It is also known as the neurotransmitter precursor of the melatonin hormone. It serves as a booster for serotonin synthesis. With the changing lifestyle of people, stiffness in people’s lives is increasing this is booming the demand for 5-hydroxytryptophan. In comparison to Tryptophan, 5-hydroxytryptophan can easily cross the blood-brain barrier that makes it easy to
Plant-based Fish Market worth US$ 1.3 Billion by 2031 - Exclusive Report by Fact …
As environmental concerns associated with meat and seafood consumption heighten, consumers are turning towards more nature-friendly alternatives, prompting a slew of start-up companies to offer a broad range of plant-based product offerings. Sales of plant-based food products have witnessed unprecedented gains in recent years, with the global food & beverage market experiencing extensive marketing and promotion campaigns for the same. According to the U.S. Department of Agriculture, the average quantity of
04-10-2021 | Health & Medicine
Fact.MR
Europe to Take Large Share in Global Telestroke Services Market, While North Ame …
Telestroke services is a sub-category of telemedicine, which is often used for medical consultations in rural areas that facilitate care of patients with acute stroke at underserviced hospitals. The telestroke service’s benefit is expected to give appraisal, administration, analysis, and demeanor basic leadership administrations to patients with intense stroke. The Various type of telestroke services provided to acute stroke patients, Videoconferencing technologies play an imperative role in telestroke services that

All 5 Releases


More Releases for Tennis

Rising Demand of Tennis Products Global Market Analysis by Types Like Racquet, A …
The report provides an in-depth evaluation of the Tennis Products such as enabling technology, key trends, market drivers, difficulties, standardization, regulatory scenery, deployment models, operator case studies, opportunities, upcoming roadmap, value chain, ecosystem player profiles and techniques. The report also presents estimations for Tennis Products opportunities from 2019 to 2025. Tennis Products Market Report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The
09-19-2018 | Sports
Sporting Events
SportsJig Mumbai Open Pro-Am Tennis Championships
SportsJig is glad to announce SportsJig Men’s Open Tennis Championship in Mumbai from 29th September. This is a Pro-Am (Professional-Amateur) tournament & will be played in Singles and Doubles formats. All the matches will be played on the Tennis Courts of Maharashtra State Lawn Tennis Association (MSLTA), which is the sole controlling and governing body of the game of Tennis in Maharashtra & offers the best playing experience to its players. This
Tennis Elbow Pharmaceutical and Healthcare Analysis Information
Summary “Lateral Epicondylitis(Tennis Elbow) Global Clinical Trials Review, H2, 2017" provides an overview of Lateral Epicondylitis(Tennis Elbow) clinical trials scenario. This report provides top line data relating to the clinical trials on Lateral Epicondylitis(Tennis Elbow). Report includes an overview of trial numbers and their average enrollment in top countries conducted across the globe. The report offers coverage of disease clinical trials by region, country (G7 & E7), phase, trial status, end
Global Tennis Racquet Market: By Application - Professional Tennis Players, Adul …
Researchmoz added Most up-to-date research on "Global Tennis Racquet Market: By Application - Professional Tennis Players, Adult Tennis Enthusiasts and Junior Tennis Enthusiasts" to its huge collection of research reports. This report studies Tennis Racquet in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top
United States Table Tennis Market Report 2017
MarketResearchReports.Biz presents this most up-to-date research on "United States Table Tennis Market Report 2017" Description In this report, the United States Table Tennis market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United States market into seven regions: The West Southwest The Middle Atlantic New England The South The Midwest with sales
Global Tennis Balls Industry Market 2017-2020
Ceskaa Market Research has announced the addition of the " Global Tennis Balls Industry 2017-2020" report to their offerings. The CAGR of Tennis Balls industry is 2.3% for five years. Tennis Balls industry of the United States, Europe, Japan, and China accounts for 68% of the global consumer market share. Meanwhile, as the market of Tennis Balls industry tends to be saturated in economic developed regions and the consumer market in