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.
To request a sample copy or view summary of this report, click the link below:
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
