What is Tennis Racquets Market?
Tennis Racquets are a sports gear which is used to hit a ball or shuttlecock in sports competition such as tennis, racquetball, badminton, and squash. Tennis racquets are classified based on weight lightweight and heavyweight, and these racquets are available in different sizes, lengths, and weights. Since technology is upward very fast and the impact of this technology advancement is in favor of the development and improvement of tennis racquets. Increasing participation in the tennis competition of the people across the globe is booming the demand from the tennis racquets in the market
The market study is being classified by Type (Power And Game Improvement racquets, Tweener racquets, Control Or Players racquets and Others), by Application (Competition, Training and Entertainment) and major geographies with country level break-up.
Wilson (United States), Babolat (France), YONEX (Japan), Tecnifibre (France), Dunlop (United Kingdom), Volkl (Germany), Slazenger (Australia), TELOON (China), ProKennex (United States) and PowerAngle(United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Gamma (United Kingdom), PACIFIC(United States) and Solinco(United States).
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Tennis Racquets market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Tennis Racquets market by Type, Application and Region.
On the basis of geography, the market of Tennis Racquets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing awareness regarding the importance of sports across the world is driving
Market Trend
- Growing online sales channel
Restraints
- High cost associated with the Tennis Racquets
Opportunities
- The rise in the number of professional lawn tennis tournaments in developing countries
Challenges
- Availability of local manufacturers
Market Leaders and some development strategies
In December 2020 Yonex Japan-based company introduced its new tennis racquet product named VCore Tennis Racket And Denis Shapovalov Is Switching To It.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Tennis Racquets Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry