Tennis Equipment Market Size Projected to Reach USD 211.08 Mn Incremental Growth [2024-2028], A Comprehensive Analysis

In the evolving landscape of the tennis equipment market, substantial growth is anticipated, fueled by strategic developments and the rising popularity of tennis. The tennis equipment market is driven by various factors influencing its growth trajectory and operational efficiencies.

The upcoming Wimbledon 2024 is set to boost the Tennis Equipment Market significantly. As one of the most prestigious Grand Slam tournaments, Wimbledon garners global attention, driving demand for high-quality tennis gear. The increased visibility and excitement around the event are expected to spur sales of racquets, balls, apparel, and accessories. Major brands are likely to capitalize on this by launching new products and sponsorships, further invigorating the market. This surge in interest and participation will contribute to the overall growth and innovation in the Tennis Equipment Market.

Driving Factors for Tennis Equipment Market Growth:

The tennis equipment market size is estimated to grow by USD 211.08 million at a CAGR of 2.21% between 2024 and 2028.

Key drivers include:

• Global Construction of Tennis Courts: The increasing construction of tennis courts on a global scale is a significant growth driver, reflecting the sport's rising popularity across various demographic segments.
• Government Investments: Governments are acknowledging the benefits of tennis and investing in court facilities to cater to the expanding number of enthusiasts, promoting health and well-being.
• Accessibility of Tennis: The sport's accessibility appeals to a wide range of age groups and skill levels, further boosting market growth.

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Key Companies and Strategic Maneuvers:

Key market players are driving innovation through strategic alliances, product launches, and geographical expansion.

Notable names comprise:

• Adidas AG
• ANTA Sports Products Ltd.
• ASICS Corp.
• Authentic Brands Group LLC
• Babolat
• Beiersdorf AG
• Bosworth-Tennis
• Decathlon SA
• Dunlop Sports
• Fila Holdings Corp.
• Gamma Sports
• Harrow Sports
• KC Kinetic Solutions LLC
• Lacoste
• New Balance Athletics Inc.
• Nike Inc.
• PUMA SE
• Solinco Sports
• Yonex Co. Ltd.
• Frasers Group plc

Gaining insights into their strengths and weaknesses offers valuable perspectives for navigating the competitive landscape.~ Click here to download a sample report for detailed vendor insights

Market Segmentation and Regional Insights:

• By Distribution Channel: The offline segment, including mono-brand stores, department stores, hypermarkets, supermarkets, and specialty stores, is estimated to witness significant growth. Notable retailers include Tesco Plc, Walmart Inc., and Target Corp.
• By Product Type: The market is segmented into tennis balls, tennis racquets, tennis strings, equipment bags, and others.
• By Region: APAC is estimated to contribute 35% during the forecast period. North America also offers significant growth opportunities due to the rising number of regular players in the US and Canada.

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Conclusion:

In conclusion, the tennis equipment market is poised for substantial growth driven by strategic investments, rising popularity, and technological advancements. As the industry navigates challenges like the popularity of e-sports, continuous innovation, and strategic investments will be pivotal in shaping its future landscape.

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