A new market study, titled “Discover Global Tennis Equipment Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Tennis is a sport played using a racket which is strung with a cord used to strike the hollow rubber ball covered with felt over the net or around the net into the opponent’s court. It could be played in singles i.e. (against a single opponent) or in doubles i.e. (two teams of two players each). The objective of the game is to strike the ball in such a way that the opponent is unable play a valid return or make it difficult for the opponent to return the throw. The player who is fails to return the ball will not gain a point, while the opposite player will.
Increasing awareness towards leading healthy lifestyles and fitness has increased the popularity of outdoor sports like tennis serving as a positive contributing factor towards the market growth. Moreover, the elderly population has also begun adopting tennis as an activity thereby significantly contributing to the growth of tennis equipment market in ageing countries such as U.S., Germany, France and others. This along with, encouragement by various government and sports associations are believed to strengthen the market of tennis equipment in the years ahead.
However, low participation rate of youths and lack of awareness in developing and undeveloped nations hinders the growth of the global tennis equipment market. These low economy countries also lack government support thereby negatively impacting the growth of the global tennis equipment market.
Key Players of Global Tennis Equipment Market =>
- Dunlop Sports Group
- Prince Sports
- Amer Sports
The Global Tennis Equipment market is segmented by Product Type, Applications, Distribution Channel and Region.
In terms of product type, the market is split into Racquet, Apparel, Tennis Shoes, Tennis Bags, Grips & Accessories.
With respect to application, the market is categorized into Entertainment, Athletic Contest and Others
On the basis of Distribution Channel, the market is split into Online Stores and Offline Stores.
Geographically, the market spans across key regions of North America, Europe, Asia Pacific, Middle East & Africa and Latin America
The report provides a detailed country-wise analysis of the regions the Tennis Equipment market spans across. These include:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Based on an evaluation in 2018, North America dominated the market and is expected continue to grow at a CAGR of 5.6% during the forecast period owing to the Rise in overall participation in tennis sport. Countries such as Japan, China and India are also believed to be major contributors in the growth of Asia Pacific tennis equipment market.
Continuous launch of new products is expected to drive the growth of the market in the years to come. The main focus of various manufacturers of tennis equipment is specifically on the development of advanced racquets and balls.
Dunlop, IN September 2019, launched premium CX Series tennis racket range which will assist players with increased power, comfort and control.
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