Tennis Racquet Market Size Worth $1,182.41 Million By 2032 | CAGR: 8.4%

Tennis Racquet Market Size Worth $1,182.41 Million By 2032 | CAGR: 8.4%

The global tennis racquet market size is expected to reach USD 1,182.41 million by 2032, according to a new study by Polaris Market Research. The report “Tennis Racquet Market Share, Size, Trends, Industry Analysis Report, By Product Type (Power Racquets, Control Racquets, and Tweener Racquets); By Distribution Channel; By End-Use; By String Pattern; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing health issues have made fitness activities necessary for the entire world's population, encouraging participation in sports like tennis. Tennis has also become a popular recreational activity among people of practically every age due to its benefits around the world. Cardio tennis fits into one of these categories; it's a group exercise that helps people sensibly lose weight. The market is expected to develop as a result of the widespread use of cardio tennis among fitness enthusiasts.

Moreover, increasing the adoption of beneficial policies is driving the growth of the market. Sports have been promoted by the governments of emerging nations, such as India and China, through the implementation of helpful programs and policies. For instance, the Khelo India-National Program was launched by the Indian government in November 2018 to increase domestic sports participation. Also, for the benefit of much more than three million players, the Lawn Tennis Association (LTA) announced in 2019 that hundreds more indoor tennis courts would be constructed in localities around the United Kingdom during the following 10 years. These regulations are expected to increase the popularity of tennis as a sport, which will open up tremendous prospects for market expansion and racquet utility expansion in the years to come.

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Additionally, technology is advancing very quickly, and this has a positive effect on improving tennis racquets and making them better. Tennis racquet manufacturers are taking into account cutting-edge technologies, such as bending zone, aero modular, and woofer, to develop racquets that are more pleasant and durable. During the projected period, this is anticipated to increase the worldwide tennis racquet market. The tennis racquet comes in a variety of colors, weights, and sizes. The market is influenced by several reasons, one of which is the increasing global awareness of the value of sports. This element is what drives the market for tennis racquets.

Tennis Racquet Market Report Highlights

  • Specialty and Sports Shops segment is dominate the market. The simple accessibility of a wide variety of goods in specialty stores is one of the main factors luring customers.
  • Tweener Racquets segment accounted for a significant revenue share. Its exceptional impulse and highly responsive ball rotation characteristics, moderate weight, and moderate head size are performance benefits that contribute to its domination.
  • Asia-Pacific is expected to grow at a rapid CAGR over the projected period. The industry will likely be driven shortly by the region's rapid youth population expansion and their rising recognition of tennis as a professional career option.
  • The global players include ASICS Corporation, Authentic Brands Group, LLC, ASI -CSP, LLC, ABG-PRINCE OPCO, LLC, Amer Sports LLC, Head N.V.,  ONE SPORTS s.r.l, PowerAngle, PACIFIC Holding GmbH, Slazenger GmbH,  Tecnifibre Inc., Solinco Inc., Wilson Sporting Goods, and  YONEX Co., Ltd.

Polaris Market Research has segmented the tennis racquet market report based on product type, distribution channel, end-use, string pattern, and region:

Tennis Racquet, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Adults
  • Kids

Tennis Racquet, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

  • Independent Sport Outlets
  • Specialty and Sports Shops
  • Discount Stores
  • Franchised Sport Outlets
  • Modern Retail
  • Online Retail
  • Others

Tennis Racquet, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Power Racquets
  • Control Racquets
  • Tweener Racquets

Tennis Racquet, String Pattern Outlook (Revenue - USD Billion, 2019 - 2032)

  • Open String Pattern
  • Tight or Closed String Pattern
  • Head Size
  • Midsize Mid Plus
  • Oversize
  • Super Oversize

Tennis Racquet, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

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  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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