Tennis Equipment Market Is Likely to Experience a Tremendous Growth by 2028

The global Tennis Equipment market is anticipated to grow at a CAGR of 2.8 % during the forecast period (2022-2028). Tennis equipment refers to the products that are used or essential for playing the outdoor sports of Tennis. The product includes racquets, balls, and strings for tennis, and other products including apparel, shoes, wristband, and others. The major factor attributing to the growth of the global tennis equipment market is the increasing number of tennis players across the globe. According to the Global Tennis Report published by the International Tennis Federation (ITF) in 2019, there are an estimated number of around 87 million people play tennis across the globe representing around 1.17% of the world's total population. Among these, China, the US, and India combined account for more than 50% of total tennis players across the globe representing around 22.5%, 20.7%, and 9.2% respectively. Thus, increasing the demand for tennis equipment during the forecast period.
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Some major players in the market include Yonex Co. Ltd., Amer Sports Corp., Nike Inc., Adidas AG, and Solinco Inc., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Wilson Sporting Goods launched new series of Earth Day Tennis Rackets. The new series consists of three rackets made of bio-based and recycled material.
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Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
oBy Type
oBy Sales Channel
oBy Material
Regions Covered-
oNorth America
oEurope
oAsia-Pacific
oRest of the World
Competitive Landscape- Yonex Co. Ltd., Amer Sports Corp., Nike Inc., Adidas AG, Solinco Inc., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
oDeviation from the pre-COVID-19 forecast
oMost affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
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Global Tennis Equipment Market Report by Segment
By Type
Tennis Racquets
Tennis Balls
Tennis Strings
Equipment Bags
Shoes
Apparels
Other Accessories
By Sales Channel
Online
Offline
By Material
Composites
Metallic
Other Materials
Global Tennis Equipment Market Report by Region
North America
The United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa
Key Questions Answered by Tennis Equipment Market Report

What was the Tennis Equipment Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of the Tennis Equipment Market during the forecast period (2022-2028)?
Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer/vendor/players in the Tennis Equipment Market was the market leader in 2022?
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.