Articles
Tennis Racquet Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
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.
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
Access full
research report on global tennis racquet market:
www.grandviewresearch.com/industry-analysis/tennis-racquet-market
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About Susan Hill 
Business Consultant
145 connections, 2 recommendations, 567 honor points.Joined APSense since, September 25th, 2017, From California, United States.
Created on Oct 24th 2019 07:58. Viewed 250 times.
