The global tennis racquet market is anticipated to grow at a significant CAGR of 4.2% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rising investment to maintain healthy lifestyle and government and sports associations have been at the forefront of developments in the tennis over the years. In addition, increased participation has been observed among millennials and Gen Z, with a concentration on tennis, have been highly observed in countries such as India, UK, and China. This, in turn, is driving the growth of the market. The surging awareness regarding the importance of sports across the globe, the rising number of athletes in tennis increases the demand for light and heavy tennis racquets that is further boosting the growth of the global tennis racquet market during the forecast period.
Some major players in the market include Dunlop Sports, Pacific Holdings Ltd., and YONEX Co., Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in August 2020, YONEX Co., Ltd. announced the launch of the Limited Edition EZONE racquet, available in select markets, beginning September 2020. It was designed by the company in collaboration with two-time Grand Slam Champion Naomi Osaka (JPN). Further, in October 2019, Sumitomo Rubber Industries, a part of Dunlop Sports entered into a multi-year agreement with Miami Open to provide official balls and racquets for the tournament in which players will be competing with ATP Extra Duty balls for men and Dunlop Grand Prix Extra Duty balls for women.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By String Pattern
- By Head Size
- By Sales Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Dunlop Sports, Pacific Holding Ltd., and YONEX Co., Ltd., among others.
A full report Tennis Racquet Market of is available at: https://orionmarketreports.com/tennis-racquet-market/107753/
Global Tennis Racquet Market Report by Segment
By Type
- Power Racquets
- Control Racquets
- Tweener Racquets
By String Pattern
- Open String Pattern
- Tight or Closed String Pattern
By Head Size
- Midsize
- Mid Plus
- Oversize
- Super Oversize
By Sales Channel
- Independent Sports Outlets
- Franchised Sports Outlets
- Modern Retail
- Online Retail
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?
- Deviation from the pre-COVID-19 forecast
- Most 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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