Press release
Tennis Racquet Market Technologies, New Challenges, Growth Demand, Size, Share, Forecast to 2030
The Insight Partners
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The tennis racquet market size was valued at US$ 392.34 million in 2022, and it is expected to reach US$ 525.90 million by 2030; it is estimated to register a CAGR of 3.8% from 2023 to 2030. A tennis racquet is an essential tool in the sport of tennis, playing a crucial role in a player's performance on the court. It is a finely crafted piece of equipment designed to provide power, control, and maneuverability. The racquet's frame, usually made from lightweight materials such as graphite or carbon fiber, offers stability and durability while allowing for quick swings and precision shots.
Based on end-user, the global tennis racquet market is bifurcated into adults and kids. The adults segment accounted for a larger tennis racquet market share in 2022. The demand for adult tennis racquets has increased in recent years owing to the increasing initiatives by the governing bodies and the provision of cutting-edge technologies such as augmented reality (AR).
The global tennis racquet market is segmented into five main regions-North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America held the largest revenue share of the global tennis racquet market in 2022. The increased awareness about a healthy lifestyle associated with playing tennis is expected to boost the of the tennis racquet market growth during the forecast period.
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The report includes the segmentation of the global tennis racquet market as follows:
The global tennis racquet market is segmented based on end-user, and distribution channel. Based on end-user, the global tennis racquet market is segmented into adults, and kids. Based on distribution channel, the global tennis racquet market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. By geography, the global tennis racquet market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America tennis racquet market is further segmented into the US, Canada, and Mexico. The Europe tennis racquet market is sub-segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific tennis racquet market is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America tennis racquet market is further categorized into Brazil, Argentina, and the Rest of South & Central America.
Tennis Racquet Market: Competition Landscape
The key players operating in the global tennis racquet market include Yonex Co., Ltd.; Sumitomo Rubber Industries Ltd.; Head, Babolat; Wilson Sporting Goods; Gamma Sports; Pacific Holding GmbH; Maus Frères SA; Authentic Brands Group LLC; and Freewill Infrastructures Pvt. Ltd. Players operating in the global tennis racquet market focus on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities and new product launches.
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Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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