What is Tennis Racquet Strings Market?
Tennis racquet strings are the part of tennis racquet which makes contact with the ball. The performance of the racquet depends on the string used in the racquet. They are made of numerous materials such as the synthetic gut, multifilament, natural gut and polyester. The synthetic gut is a very inexpensive string to manufacture and is generally the least expensive string to purchase.
The market study is being classified by Type (Natural Gut Strings, Artificial Composite Strings and Other), by Application (Professional Racket and Amateur Racket) and major geographies with country level break-up.
Wilson Sporting Goods (United States), Babolat (France), HEAD (Netherlands), Fischerwerke GmbH & Co. KG (Germany), Kirschbaum (United States), Tecnifibre (France) and Pro Kennex (Taiwan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Tennis Racquet Strings market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Tennis Racquet Strings market by Type, Application and Region.
On the basis of geography, the market of Tennis Racquet Strings 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
- Increased Demand for Sport Equipment
- Rise in the Promotional Activities by Manufacturers
- Robust Increase in the Distribution Channel
Market Trend
- Growing Demand for Strings with Advanced Materials
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growing Sports Equipment Industry
- Rise in the E-commerce Industry Worldwide
Challenges
- Increasing Competition in the Market
Market Leaders and some development strategies
Recently, The global leading manufacture of Strings, Accessories, and Stringing Machines; PACIFIC Entermark GmbH, has announced the acquisition of the Austrian based Fischer Tennis, ‘Racquet Sport Division’
Key Target Audience
Tennis Racquet Strings Manufacturers, Raw Material Suppliers, Distributors and End-users