Tennis Racquet Market Overview:
The Tennis Racquet market research gives a detailed view of the competition, including the market share and company profiles of the major competitors in the global industry. The scope of the research includes a comprehensive examination of the Tennis Racquet Market, as well as the reasons for variations in the industry's growth in various locations.
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Global Tennis Racquet Market size was valued at US$ 485.53 Mn. in 2021 and the total Tennis Racquet revenue is expected to grow at 8.30 % through 2022 to 2027, reaching nearly US$ 783.41 Mn.
Market Scope:
Following the completion of market engineering, which included calculations for market statistics, estimations of market size, market forecasts, market breakdown, and data triangulation, significant primary research was done to acquire information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up techniques, as well as many data triangulation methodologies, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all facts obtained over the whole market engineering process in order to provide essential information throughout the report.
Drivers:
The number of people playing tennis has increased as a result of increased awareness of the value of sports in preserving fitness and health. Furthermore, in developed economies like Germany, France, and the US, tennis has grown significantly in popularity for enhancing fitness, particularly among the elderly population. Additionally, it has advantages like enhancing aerobic activities, lowering blood pressure and heart rate at rest, enhancing metabolic function, and boosting bone density.
Tennis players can perform much better with a heavier tennis racket than with a lighter tennis racket because it has less torque and vibration. A heavy tennis racket might not be the best option for users who have wrist, elbow, or hand issues. The acceptance of healthy lifestyles is one of the other indirect market growth factors.
Segmentation:
In terms of raw materials, the carbon fibre market accounted for a sizable portion of sales in 2020. Tennis players have become more enamoured with this product as a result of its light weight. Carbon-based materials enable more precise weight distribution around the racket. As a result, racquets can be used for a wider variety of swing patterns and game types. It provides a better weight and swing balance. As a result, lightweight products that can offer the required rigidity and strength have become more popular among consumers in recent years. Because lighter sports equipment enables them to perform better than heavier equipment, professional athletes prefer to use it.
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Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Tennis Racquet market are as follows:
• Wilson Sporting Goods
• Amer Sport (Finland),
• YONEX Co., Ltd.(Japan),
• Babolat (France),
• ASI -CSP,llc (Japan) ,
• Tecnifibre ( Paris),
• Dunlop Sports Group Americas (the U.S.),
• ABG-PRINCE OPCO, LLC (the U.S.),
• GAMMA Sports (the U.S.),
• PACIFIC Holding GmbH (Germany),
• ProKennex (Taiwan),
• ONE SPORTS s.r.l (Italy),
• PowerAngle, H
• EAD (the Netherlands),
• Slazenger (the U.K),
• Volkltennis (Germany)
• Head N.V.
• Solinco
• ASICS Corporation
• Authentic Brands Group, LLC
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Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Tennis Racquet market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Tennis Racquet Market:
End-user industries where Tennis Racquet are utilised saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Tennis Racquet manufacturers, influencing the development of the Tennis Racquet market in 2020. End-user business demand for Tennis Racquet has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Tennis Racquet Market Report are:
- In 2021, which segment held the highest proportion of the Tennis Racquet market?
- What is the Tennis Racquet market's competitive landscape?
- What are the primary drivers assisting Tennis Racquet market growth?
- Which region has the most market share in the Tennis Racquet market?
- What will be the Tennis Racquet market's CAGR throughout the projected period (2022-2027)?
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