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.
For full research report on Tennis Racquet
Market visit here:
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
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/tennis-racquet-market/request/rs1
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
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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