Trends, opportunities and forecast in this market to 2022 by type (tennis racquet, tennis ball, and tennis string), material of tennis racquet (composite and other materials), and region (North America, Europe, Asia Pacific, and the Rest of the World)
According to a new market report published by Lucintel, the future of the global tennis equipment manufacturing market looks good with opportunities in the tennis racquet, tennis ball, and tennis strings market. The global tennis equipment manufacturing market is expected to reach an estimated $845.7 million by 2022 and is forecast to grow at a CAGR of 2.4% from 2017 to 2022.
The major growth drivers for this market are an increasing number of tennis events, growing participation among age groups, particularly in the youth segment, and growth of tennis as a fitness sport.
Browse 29 Market Data Tables and 46 Figures spread through 99 Pages and in-depth TOC on “Tennis Equipment Market - Global Forecast to 2022"
In this market, the three segments by type are tennis racquets, tennis balls, and tennis strings.
Lucintel forecasts that the tennis racquet segment will remain the largest segment by value and the tennis ball segment is expected to show above average growth during the forecast period.
Currently, tennis racquets are mostly made of composites material and it will remain preferred material for manufacturing due to their lightweight property.
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North America is expected to remain the largest region by value during the forecast period due to an increasing number of professional players and cardio tennis participants in this region.
APAC is expected to experience the highest growth over the forecast period due to growing players’ participation in this region.
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Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of information technology for direct promotion/marketing to customers, and increasing participation in tennis for cardiovascular health. Amer Sports, Head NV, Babolat, Yonex, and Dunlop Sports are among the major manufacturers of tennis equipment.
The study includes a forecast for the global tennis equipment manufacturing market by type, material (tennis racquet), and region as follows:
By type (Value ($ million) and Volume ( million units) from 2011 to 2022):
· Tennis Racquet
· Tennis Ball
· Tennis String
By Material of Tennis Racquet (Value ($ million) for 2016)
· Other Materials
By Region (Value ($ million) from 2011 to 2022):
· North America
· Asia Pacific
· The Rest of the World
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