Press release
Tennis Racquet Market Forecast: To Reach USD 1,167.13 Million by 2032 at 8.3 % CAGR - Tennis Racquet Market Growth Insights
Tennis Racquet Market
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♦ Key Highlights:
Market size in 2024: USD 616.72 million, with projected growth to USD 1,167.13 million and a CAGR of 8.3 %
Leading raw material segment in 2024: Carbon fiber, prized for its lightweight and strength properties
Among string patterns, Open String Pattern (e.g. 16×18, 16×19) is expected to register the fastest growth
The offline distribution channel held the dominant share in 2024, due to consumer preference for in-store purchase experience
Fastest-growing regional markets: Asia Pacific (led by China, India, Japan) and strong demand in North America
Key drivers: increasing youth engagement in sports, rising personal disposable incomes, government and sports federation support
Notable players: Wilson Sporting Goods; Amer Sport; YONEX; Babolat; Dunlop Sports Group; Head N.V.; Tecnifibre; Slazenger
♦ Market Outlook
The tennis racquet market is expected to sustain robust growth through 2032, underpinned by growing interest in sports and fitness worldwide. Technological innovation in materials-especially carbon composites-allows manufacturers to balance weight, stiffness, and vibration control to suit varying stroke styles. Market expansion is further aided by heightened promotional efforts from sports associations and increased public investment in tennis infrastructure globally.
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♦ Regional Insights
Asia Pacific is projected to be the fastest-growing region, driven by rising disposable incomes, urbanization, Western influence, and government support for sports infrastructure, particularly in India, China, Japan, and Australia.
North America remains a major market, buoyed by steady tennis participation and strong import/export activity in the U.S.
Europe and Middle East & Africa markets also present steady demand trends, though with more moderate growth compared to APAC and North America.
♦ Key Players & Competitive Landscape
Major global competitors include Wilson Sporting Goods, Amer Sport, YONEX, Babolat, Dunlop, Head N.V., Tecnifibre, Slazenger and others. These companies compete via product innovation, athlete endorsements, sponsorships of tournaments, and strategic partnerships to enhance brand visibility and expand distribution networks.
♦ Quote
"Rising global interest in tennis as both a recreational and competitive sport is opening new growth pathways for racquet manufacturers," said a senior analyst at Maximize Market Research. "The 8.3 % CAGR through 2032 underscores strong fundamentals in raw materials innovation, distribution expansion, and regional demand, especially in Asia Pacific."
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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