The market for tennis equipment is anticipated to reach US$ 9 billion. The tennis equipment market is anticipated to grow at a CAGR of 2.9% over the course of the forecast period, according to the report. In terms of revenue, racquets are anticipated to dominate the tennis equipment market globally in 2022. The rise of the global sports sector in recent years has been complemented by an increase in the number of women participating in sports like tennis, which could increase the demand for sporting goods. Due to the recent rise in popularity of youthful and athletic tennis players, individual purchases of tennis equipment are predicted to develop quickly.
As lightweight racquets, like the Head Graphene 360 Radical Lite racket, continue to gain popularity and allow players to swing the ball faster and with more topspin, manufacturers are also on an innovation binge.
Due to the availability of good quality items at reasonable prices, which is harming larger competitors in the market, independent sports outlets are predicted to be the top sales channel in the global tennis equipment market in 2022.
The distribution of equipment through online sales channels has also become a major focus for numerous tennis equipment manufacturers. A majority of tennis shoe manufacturers, including Adidas, Puma, Yonex, and Li Ning, have clearly focused their efforts on capturing sales of tennis shoes through online channels, such as company-owned and independent e-commerce websites.
Request Sample Report@
https://www.futuremarketinsights.com/reports/sample/rep-gb-8467
South & East Asia Remains Prominent Market for Tennis Equipment
Tennis equipment manufacturers in South and East Asia have a rich opportunity thanks to the growing popularity of professional tennis among Asians. There are also chances for many players in the sports equipment manufacturing ecosystem due to variables including the expanding Chinese economy, the growth of sports infrastructure, and the development of training facilities. The government’s and the commercial sector’s intense involvement in sports like tennis has improved the perception of sports in emerging nations. The market for tennis equipment is projected to rise significantly as casual tennis players transition to regular play. The market for tennis equipment is anticipated to have exceptional growth between 2022 and 2029 as a result of the growing fitness trend among millennials in the Asia Pacific region.
The demand for natural products and growing environmental consciousness are predicted to spur the development of biodegradable and environmentally friendly tennis equipment. Natural gut tennis strings are becoming more popular as an environmentally friendly alternative. These strings are constructed using recycled synthetic materials or other substances. Natural gut strings are made from by-products of the livestock industry and are a good substitute for petroleum-based polymers. Additionally, individuals are favouring sports wear made of recycled or sustainable materials, which is enormously fostering the expansion of the worldwide tennis equipment market during the course of the forecast year.
The business data provided by FMI also provides important insights into the tennis equipment market’s competitive environment and manufacturers’ various business models. To increase efficiency and boost consumer brand penetration, major companies in the tennis equipment market concentrate on developing new products. For instance, the iconic John Wooden sneaker was introduced by the Amer Sports Corporation brand Wilson in 2018. It has a cutting-edge, lightweight polyurethane sole. The goal of this launch was to increase the company’s offering of products. In order to boost sales and brand penetration in the tennis equipment market, companies are also consistently raising consumer awareness of their products in the market by presenting them at various events.
Request For TOC@ https://www.futuremarketinsights.com/toc/rep-gb-8467
Key Segments of Tennis Equipment Industry Survey
Tennis Equipment Market by Product Type:
- Tennis Racquets
- Tennis Balls
- Apparel
- Footwear
- Ball Machines
- Tennis Bags
- Other Accessories
Tennis Equipment Market by Material:
- Composites
- Metallic
- Other Materials
Tennis Equipment Market by Buyer:
- Tennis Equipment for Individuals
- Tennis Gear for Beginners
- Tennis Equipment for Intermediate
- Advanced
- Tennis Equipment for Institutional Use
Tennis Equipment Market by Sales Channel:
- Tennis Equipment in Dedicated Stores
- Tennis Equipment in Dedicated e-Commerce
- Tennis Equipment from Specialty Retailers
- Tennis Equipment in Multi-Brand Stores
- Tennis Equipment for Online Retailers
Tennis Equipment Market by Region:
- North America Tennis Equipment Market
- Latin America Tennis Equipment Market
- Europe Tennis Equipment Market
- East Asia Tennis Equipment Market
- South Asia & Pacific Tennis Equipment Market
- Middle East & Africa (MEA) Tennis Equipment Market
Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-8467
For Read More Related Insights:
https://cigarbook.mn.co/posts/27147661?utm_source=manual
About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs