Tennis Racquet Market to Touch a Value of US$ 437 Mn by 2031 End
The report offers actionable and valuable market insights of Tennis Racquet. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Tennis Racquet Market across various industries and regions.
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The tennis racquet market is anticipated to reach a valuation of over US$ 700 million by 2030, registering a CAGR of 3.5% during the forecast period 2020-2030.
The tennis racquet market has seen a historical CAGR of nearly 1% during the period (2015-2019), owing to minimal growth in mature economies such as North America and Europe, and is to create a valuation of US$ 214 million by 2030.
Increased participation has been observed among millennials and Gen Z. For many years, the discretionary spending of millennials and Gen Z has been low, and, as such, the spending of these new participants in recreational activities has also been low.
This newly published and insightful report sheds light on Market Insights of Tennis Racquet, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Tennis Racquet Market.
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Tennis Racquet Market Segmentation
Fact.MR has studied the tennis racquet market with detailed segmentation on the basis of type, string pattern, head size, sales channel, and region.
Open String Pattern
Tight or Closed String Pattern
Independent Sport Outlets
Franchised Sport Outlets
South Asia and Oceania
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4 Forecast Highlights on Tennis Racquet Market
As per the forecast of Fact.MR, the control tennis racquet segment is slated to touch a value of nearly US$ 96 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment period of 2017-2022. The control tennis racquet segment is estimated to account for more than one-fifth of the revenue share of the racquet type segment by the year 2017 end and is expected to lose in market share by the year 2022 end.
As per the forecast of Fact.MR, the 27 inch tennis racquet segment will reach a value of nearly US$ 270 Mn in the year 2017. This represents a moderate CAGR growth during the forecast period. The 27 inch tennis racquet segment is estimated to account for more than three-fourths of the revenue share of the racquet length segment in the year 2017 end and is expected to gain market share by the end of the year 2022.
As per the forecast of Fact.MR, the independent sports outlet segment is slated to reach a value of nearly US$ 50 Mn in 2022. The independent sports outlet segment is expected to lose some market value by the end of the year 2022. The largest share is contributed by the North America region in the independent sports outlet segment.
Fact.MR forecasts the US tennis racquet market to grow from nearly US$ 80 Mn in 2017 to nearly US$ 105 Mn in 2022. This represents a compound annual growth rate (CAGR) of 4.9% from 2017 to 2022.
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Market Survey of Tennis Racquet
More Valuable Insights on Tennis Racquet Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Tennis Racquet, Sales and Demand of Tennis Racquet, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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