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Tennis Racquet Market: Latest Industry Trends, Supply, Demand, Future prospects by 2025

Racquet is a sports equipment which is used strike a ball or shuttlecock in games such as tennis, racquetball, badminton, and squash. Tennis racquet is available in different sizes, length and weight. Tennis racquet are bifurcated based on weight: lightweight and heavyweight. Consumer prefers heavyweight tennis racquet, as they are more suitable to the arm while playing, they more stable as compared to the lightweight racquet. Sports segment has high adoptions of heavy tennis racquet. Initially, tennis racquets were made from wood with a head size of 65 square inches. In the late 60s. Since, technology is growing very rapidly and impact of this technology advancement is in favor of enhancements and improvement of tennis racquets. Manufacturers of tennis racquets are adopting new technology such as bending zone, aero modular and woofer to make tennis racquets more durable and comfortable. This is expected to boost the global tennis racquet market during the forecast period.

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The tennis racquet are available in various color, weight and size. There are various factors present in the market which plays an important role in driving the market such as increasing awareness regarding the importance of sports across the world is driving the global tennis racquet market. Rising standard of living and increasing disposable income in the middle class family are expected to accelerate the global tennis racquet market. Moreover, increase in the number of athletes in tennis requiring light and heavy tennis racquets is driving the global tennis racquet. Other than the sports sector, tennis racquet has a huge opportunity in the non-sports sector.

The global tennis racquet market has been segmented based on raw material, distribution channel, end-user, head size, and geography. In terms of raw material, the global tennis racquet market has been bifurcated into carbon fiber and aluminum. Carbon fiber is the most preferred material used to manufacture lightweight and rigid tennis racquets. Based on distribution channel, the global tennis racquet market is segmented into online, specialty and sports shops, wholesaler, discount store, and others. As specialty and sports shops are the most common and preferable channel of end users. Other than specialty and sports shops, global tennis racquet market have huge opportunity in online distribution channel. In terms of end-user, the global tennis racquet market has been categorized into sports and non-sports. Based on head size, the market has been divided into 85-98 sq. inch, 99-105 sq. inch, and 106-135 sq. inch.

In terms of geography, the global tennis racquet market is classified into Asia Pacific, South America, North America, Middle East & Africa, and Europe. Europe is expected to hold the largest share of the market, followed by North America. The region is led by U.S as the country have the high percentage of participations in tennis activities and in sports activities. Asia Pacific is anticipated to expand at a rapid pace during the forecasted period due to growing about the fitness activities is expected to increases the opportunity for the manufacturer in this region.

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Major players operating in the tennis racquet market include Amer Sport (Finland), YONEX Co., Ltd.(Japan), Babolat (France), ASI -CSP,llc (Japan) , Tecnifibre ( ‎Paris), Dunlop Sports Group Americas (the U.S.), ABG-PRINCE OPCO, LLC (the U.S.), GAMMA Sports (the U.S.), PACIFIC Holding GmbH (Germany), ProKennex (Taiwan), ONE SPORTS s.r.l (Italy), PowerAngle, HEAD (the Netherlands), Slazenger (the U.K), Wilson Sporting Goods (the U.S.), and Volkltennis (Germany). . In order to gain a competitive advantage in the industry, these players are actively involved in organic and inorganic growth strategies. Collaborations, partnerships, agreements, and new product launches are some of the important strategies followed by them.

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Global Tennis Racquet Market

Global Tennis Racquet Market

was valued US$ 616.34 Mn in 2019 and is expected to reach US$ 3548.5 Mn by 2027, at a CAGR of 24.47% during a forecast period.

Tennis Racquet consisting of a handled frame with an open hoop across which a network of strings or catgut is stretched tightly. The main parts of a tennis racket are the head, beam, shaft, grip, butt cap, and strings

Graphite tennis racquet is dominating the segment. Graphite racquet is much heavier than other racquets. The graphite racquet provides better swing whenever player trying to do a power serve. Graphite material is very strong as evaluate to other elements. Graphite tennis racquet Reduced vibration provides a more comfortable feel and also adds to racquet power, since less energy is wasted in bending the racquet. Thus more energy is returned to the ball.

Global Tennis Racquet Market Dynamics:

Consumer prefers heavyweight tennis racquet, as they are more suitable to the arm while playing, they more stable as compared to the lightweight racquet. Graphite and Boron Kevlar are having high adoptions in racquet segment. Initially, tennis racquets were made from wood with a head size of 65 square inch. Many Manufacturers are adopting new technologies such as bending zone, aero modular and woofer to making tennis racquets more durable and comfortable. global tennis racquet market have huge opportunity in online distribution channel. In terms of end-user.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Global Tennis Racquet Market, Segment Analysis

The global tennis racquet market is segmented based on Product type, Application, On the basis of product type it is segmented as Graphite, Boron and Kevlar, Aluminum. Woodie. Graphite racquet are dominating the product type segment because of its frame size and price. By application it is segmented as Professional Tennis Players, Adult Tennis Enthusiasts, Junior Tennis Enthusiasts. Professional and adult tennis are dominating the application segments as these players prefer the advanced technology based racquets only.

Global Tennis Racquet Market, Regional Analysis.

Region-wise, North America held the dominant position in the global tennis racquet market and is projected to continue its dominance during the forecast period. Increasing awareness regarding the importance of sports across the world is driving the global tennis racquet market. Rising standard of living and increasing disposable income in the middle class families are expected to expand in US $ XX Mn in the market. In Europe, growing awareness about the fitness activities is expected to increases the opportunity for the manufacturer in this region.

North America is expected to grow in US $ XX Mn. The region is led by U.S as the country have the high percentage of participations in tennis activities and in sports activities

Recent Developement:

Babolat Pure Aero technology for tennis racquet 2019. A racquet that mainly focuses on power and spin. So, you can take this as the most strong tennis racquet.

Global Tennis Racquet Market: Objective

The objective of the report is to present a comprehensive analysis of Global Tennis Racquet Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Tennis Racquet Market dynamics, structure by analysing the market segments and project the Global Tennis Racquet Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Tennis Racquet Market make the report investor’s guide.

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The Scope of the Report for Global Tennis Racquet Market

Global Tennis Racquet Market, By Product Type.

• Graphite

• Boron and Kevlar

• Aluminum.

• Woodie

Global Tennis Racquet Market, By Application

• Professional Tennis Players

• Adult Tennis Enthusiasts

• Junior Tennis Enthusiasts

Global Tennis Racquet Market, By Region

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• South America

Key players operating in Global Tennis Racquet Market

• Wilson Sporting Goods

• Amer Sport (Finland),

• YONEX Co., Ltd.(Japan),

• Babolat (France),

• ASI -CSP,llc (Japan) ,

• Tecnifibre ( ‎Paris),

• Dunlop Sports Group Americas (the U.S.),

• ABG-PRINCE OPCO, LLC (the U.S.),

• GAMMA Sports (the U.S.),

• PACIFIC Holding GmbH (Germany),

• ProKennex (Taiwan),

• ONE SPORTS s.r.l (Italy),

• PowerAngle, H

• EAD (the Netherlands),

• Slazenger (the U.K),

• Volkltennis (Germany)

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