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.
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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, 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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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