The global tennis racquet market size is expected to reach
USD 419.9 million by 2025, according to a new report by Grand View Research,
Inc., expanding at a CAGR of 2.6% over the forecast period. Rising importance
of sports in maintaining body metabolism and improving muscular strength is
expected to promote the use of tennis among health conscious adults. In
addition, rising popularity of cardio tennis in developed countries including
U.S., Germany, and France is projected to remain a key factor in the near
future.
Carbon fiber accounted for more than
75.0% share of the global revenue in 2018. Features including lightweight, high
strength, and high stiffness are fueling the demand for the product among core
players as well as amateur. Producers also find it more convenient than wood,
steel or aluminum based product, as carbon fiber allows to distribute stiffness
as per the customized requirements.
Core players are expected to reach USD
240.2 million by the end of 2025. Increasing number of professional lawn tennis
tournaments in countries including Indonesia, India, and Australia as a result
of increasing funding of domestic sports authorities to provide the exposure of
international medium to the national youth players is expected to open new
avenues for the core players in the near future.
In April 2015, ABG-PRINCE OPCO, LLC
has launched a new product line of TeXtreme carbon fiber material. This product
is 20% lighter, along with better stiffness. It is available in different
frames including Tour 100T, Tour 95, Warrior 107T, and Warrior 107. Similarly,
in November 2018, Babolat partnered with Chomarat, a supplier of multiaxial
carbon. Babolat will be using Chomarat’s C-PLY Hexagonal for the production of
its Pure Aero racket.
Key competitors of the tennis racquets
industry include Amer Sports, YONEX Co., Ltd., Dunlop Sports, Babolat, Head
N.V., ASI LLC, Tecnifibre, GAMMA Sports, Pacific Holdings Limited, ProKennex,
Slazenger, ABG-PRINCE OPCO, LLC, Solinco, and PowerAngle LLC.
Browse full research report on Tennis Racquet Market: https://www.grandviewresearch.com/industry-analysis/tennis-racquet-market
Further key findings from the study suggest:
- North
America held the largest share of 35.9% both in terms of revenue as well
as volume in 2018
- Asia
Pacific is expected to expand at the fastest CAGR of 5.5% in terms of
revenue from 2019 to 2025
- By
raw material, aluminum is expected to reach USD 40.9 million by the end of
2025
- By
application, the amateur segment in tennis racquets market is expected to
expand at a volume-based CAGR of 2.1% from 2019 to 2025
- Offline
channels are expected to reach more than USD 295.0 million by the end of
2025
Grand View Research has segmented the global tennis racquets
market on the basis of raw material, application, distribution channel, and
region:
Tennis Racquet Raw Material Outlook (Volume,
Thousand Units; Revenue, USD Million, 2015 - 2025)
- Carbon
Fiber
- Aluminum
- Others
Tennis Racquet Application Outlook (Volume, Thousand
Units; Revenue, USD Million, 2015 - 2025)
- Core
Player
- Amateur
Tennis Racquet Distribution Channel Outlook (Volume,
Thousand Units; Revenue, USD Million, 2015 - 2025)
- Online
- Offline
Tennis Racquet Regional Outlook (Volume, Thousand
Units; Revenue, USD Million, 2015 - 2025)
- North
America
- U.S.
- Europe
- Germany
- France
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
- South
Africa
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/tennis-racquet-market/request/rs1
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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