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Tennis Racquets - Global Strategic Business Report

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    Report

  • 372 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 6009522
The global market for Tennis Racquets was estimated at US$645.5 Million in 2023 and is projected to reach US$733.6 Million by 2030, growing at a CAGR of 1.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Tennis Racquets Market - Key Trends & Drivers Summarized

What Makes Tennis Racquets Essential for Both Professionals and Casual Players?

Tennis racquets are the most critical piece of equipment for playing tennis, and their design can significantly impact a player's performance on the court. Whether for professionals or casual players, the right racquet ensures better control, power, and precision during play. Racquets are composed of a frame and strings, and they come in various shapes, weights, and sizes to cater to different playing styles. For instance, lighter racquets are often recommended for beginners as they are easier to maneuver, while heavier racquets offer more power, making them suitable for advanced players. Over the years, the tennis racquet market has seen continuous innovation in materials and design, with manufacturers incorporating advanced technologies to improve racquet performance. The use of high-performance materials like carbon fiber, graphite, and titanium has made racquets more durable, lightweight, and powerful. These developments have been instrumental in making tennis more accessible, offering racquets that enhance player skills and meet diverse needs on the court.

How Are Technological Advancements Transforming Tennis Racquet Design?

Technological innovation is playing a pivotal role in the evolution of tennis racquet design, enabling manufacturers to create products that deliver better performance with enhanced comfort and durability. One of the key trends in the market is the use of advanced materials like carbon fiber and nanotechnology, which provide greater stiffness and strength without increasing weight. This allows for the development of racquets that are both lightweight and powerful, helping players generate more spin and control over their shots. Additionally, innovations in string technology, such as polyester and hybrid strings, are improving durability and shot precision. Some brands are incorporating vibration dampening technologies, which minimize the impact on the arm and reduce the risk of injuries such as tennis elbow. Moreover, ergonomic handle designs and customizable racquets tailored to individual playing styles are gaining popularity, allowing players to fine-tune their equipment for optimal performance. These technological advancements are helping both amateur and professional players push the boundaries of their game.

Why Are Sustainability and Customization Emerging as Key Consumer Trends?

In recent years, there has been a growing emphasis on sustainability and customization in the tennis racquet market. As environmental consciousness increases, many consumers are seeking eco-friendly products, leading manufacturers to explore sustainable materials and production methods. Some brands have started using recycled or biodegradable materials in racquet frames and packaging, appealing to environmentally conscious players. This trend aligns with a broader shift in the sports equipment industry, where sustainability is becoming a competitive advantage. Alongside sustainability, customization has become an important factor for consumers. With advances in 3D printing and digital design, players can now customize their racquets based on their individual preferences for weight, balance, grip size, and string tension. This level of personalization not only enhances player comfort and performance but also fosters a deeper connection between the player and their equipment. As tennis continues to attract new players from diverse demographics, the demand for customizable and sustainable racquets is set to grow.

What Factors Are Driving the Growth of the Global Tennis Racquet Market?

The growth in the global tennis racquet market is driven by several factors, including advancements in technology, increased participation in the sport, and evolving consumer preferences. One of the major growth drivers is the rising popularity of tennis worldwide, with more people taking up the sport for recreational and fitness purposes. This surge in participation is boosting the demand for entry-level racquets and accessories. Additionally, the professional tennis circuit, with its globally recognized tournaments like the Grand Slams, plays a significant role in influencing consumer behavior, as aspiring players often seek to emulate the equipment used by top-ranked professionals. The market is also benefiting from technological advancements that allow manufacturers to produce more efficient and high-performance racquets, catering to players at all skill levels. Moreover, the increasing emphasis on sustainability and customization is creating new opportunities for growth as consumers look for racquets that align with their values and playing preferences. The expansion of e-commerce platforms and the growing popularity of direct-to-consumer sales channels further contribute to the market's growth by providing easy access to a wide range of products. Together, these factors are shaping the future of the tennis racquet market, ensuring sustained growth in the years to come.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Carbon Fiber Material segment, which is expected to reach US$584.5 Million by 2030 with a CAGR of a 1.9%. The Aluminum Material segment is also set to grow at 1.6% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $175.9 Million in 2023, and China, forecasted to grow at an impressive 3.9% CAGR to reach $141.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as ABG-Prince, LLC, Angell Sports Ltd, Babolat VS North America, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Questions Answered:

  • How is the Global Tennis Racquets Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Tennis Racquets Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Tennis Racquets Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Select Competitors (Total 45 Featured):

  • ABG-Prince, LLC
  • Angell Sports Ltd
  • Babolat VS North America
  • Decathlon France SAS
  • Dunlop Sports
  • HEAD Sport GmbH
  • PACIFIC Europe GmbH
  • Pro Kennex, Inc.
  • Slanzengers Limited
  • Solinco Sports

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and a Looming Global Recession
  • Tennis Racquets - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Global Interest in Tennis as a Recreational and Professional Sport Throws Spotlight on the Increasing Demand for High-Performance Tennis Racquets
  • Growing Focus on Health and Fitness Spurs Significant Growth in Demand for Lightweight and User-Friendly Tennis Racquets
  • Technological Advancements in Racquet Materials and Design Strengthen the Business Case for Durable and High-Performance Tennis Racquets
  • Rising Adoption of Graphene, Carbon Fiber, and Advanced Composites Drives Innovation in Tennis Racquet Construction
  • Increased Popularity of Tennis Among Youth and Millennials Expands Addressable Market for Customized Tennis Racquets
  • Growing Demand for Ergonomic and Injury-Prevention Racquet Designs Propels Growth in High-Durability Tennis Racquets
  • Shift Toward Personalization and Customization in Tennis Equipment Drives Adoption of Tailored Tennis Racquets for Players of All Skill Levels
  • Rising Influence of Professional Tennis Tournaments Strengthens Consumer Demand for Tennis Racquets Endorsed by Professional Athletes
  • Technological Advancements in String Technology and Tension Control Generate Demand for Tennis Racquets Offering Superior Ball Control
  • Increasing Use of Smart Tennis Racquets with Integrated Sensors Drives Market Growth for Connected Sports Equipment
  • Expansion of Tennis Academies and Coaching Programs Generates New Opportunities for High-Performance Tennis Racquets for Training
  • Growing Popularity of Tennis in Emerging Markets Fuels Demand for Affordable and Durable Tennis Racquets
  • Rising Focus on Sustainable and Eco-Friendly Sports Equipment Strengthens the Business Case for Tennis Racquets Made from Recycled Materials
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Tennis Racquets Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Tennis Racquets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Tennis Racquets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Tennis Racquets by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Carbon Fiber Material by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Carbon Fiber Material by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Carbon Fiber Material by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Aluminum Material by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Aluminum Material by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Aluminum Material by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Other Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Offline Distribution Channel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Offline Distribution Channel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Offline Distribution Channel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Online Distribution Channel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Online Distribution Channel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Online Distribution Channel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Core Player End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Core Player End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Core Player End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Amateur End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Amateur End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Amateur End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Tennis Racquets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABG-Prince, LLC
  • Angell Sports Ltd
  • Babolat VS North America
  • Decathlon France SAS
  • Dunlop Sports
  • HEAD Sport GmbH
  • PACIFIC Europe GmbH
  • Pro Kennex, Inc.
  • Slanzengers Limited
  • Solinco Sports

Table Information