Global Tennis Racquet Market By Raw Material (Carbon Fiber, Aluminum, and Other Raw Materials), By Application (Amateur, and Core Player), By Distribution Channel (Online, and Offline), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Tennis Racquet Market Overview:

The 2021 global tennis racquet industry was valued at USD 385.76 million. This market is expected to grow at a compound annual growth rate of 3.12% between 2023-2032.

This is due to growing awareness about the importance of tennis in maintaining fitness and health. In developed countries, such as the United States, Germany, France, and France, tennis is gaining popularity as a sport to improve fitness.

Global Tennis Racquet Market Analysis

Raw Material Analysis

In terms of revenue, carbon fiber holds the largest market share at 80% in 2021. Due to its lightweight property, this product has enjoyed significant popularity with consumers.

Carbon composites are able to distribute weight more precisely. This means that these racquets work well with a variety of swing styles. It is lighter and more balanced in weight, swing weight, and balance.

Over the last few years, customers have been choosing lightweight products which provide strength and stiffness. Pro athletes prefer lighter equipment because they perform better than heavy equipment.

Manufacturers in this sector have over the years expanded their selection of carbon fiber tennis racquets. The manufacturers can also adjust the stiffness at different points of the frame with carbon composites. These carbon fiber products offer greater strength and enable the manufacturer to create new designs.

Application Analysis

In terms of volume and revenue, a core player held a significant share of tennis rackets in the application segment in 2021. According to the Physical Activity Council, the largest portion of all tennis play opportunities was made up by the core players and total expenses in 2021. Additionally, core players who play at least ten times per year but not more than 20 times per year were more popular than avid players.

In the near future, core players are expected to see an increase in participation due to the increased fitness consciousness of all age groups.

Distribution Channel Analysis

The offline distribution channel dominated tennis racket sales in 2021. A large selection of products is one reason that specialty shops are so popular. This store provides the necessary information and support for consumers through highly skilled customer service personnel.

From 2023 to 2032, the online distribution channel will grow at an expected 5% CAGR in both revenue and volume. The growth of eCommerce worldwide has been aided by the growing penetration of smartphones. The ease of purchasing from and shopping online at Amazon and Walmart will also increase the potential for e-commerce to be a selling medium.

Key Market Segments

By Raw Material

• Carbon Fiber
• Aluminum
• Other Raw Materials

By Application

• Amateur
• Core Player

By Distribution Channel

• Online
• Offline

Market Dynamics

Cardio tennis is gaining popularity across all age groups. It’s a group exercise that incorporates a high-energy warm-up as well as a cardio workout to burn calories. This sport saw a nearly 12.56% increase in participation in 2021, reaching 3.7 million Americans.

This is according to the Physical Activity Council the highest annual growth rate of all 121 activities and sports. Cardio players make up around 9% of all the tennis players in the United States. Cardio tennis is expected to be driven by rising health concerns in the world. This will in turn increase the market for racquets in the future. Over the past few years, the participation rate for youth players has been rising dramatically all over the globe.

Indian and Chinese governments have also encouraged sport by implementing supportive policies. Khelo India National Program for the Development of Sports Activity on a Domestic Level was implemented by the Indian government in November 2018. These policies are expected to increase the popularity of tennis and expand the use of racquets in the near future.

Regional Analysis

The tennis racquet market was dominated by North America in 2021. It accounted for over 32.9% of the total revenue. The United States is the dominant market in this region. In the U.S., overall participation has increased by 8 percent since 2021. It is notable that the number of youth players has increased.

Asia Pacific is projected to grow at a 6.35% CAGR in terms of revenue growth from 2023-2032. This sport has seen significant growth in countries like India, Australia, and Japan in recent years. In the near future, the racquet is likely to grow in popularity due to the increasing number of amateurs from the mentioned countries.

Кеу Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Wilson Sporting Goods is one of the industry’s major players. YONEX Company., Ltd., Dunlop Sports, and Babolat are also involved. These top companies have been involved with strategic business expansion over the last few years. This includes acquisitions and partnerships.

Мarkеt Кеу Рlауеrѕ:

• Wіlѕоn
• Ваbоlаt
• Рrіnсе
• Неаd
• YОNЕХ
• Тесnіfіbrе
• Dunlор
• Vоlkl
• Other Key Players

For the Tennis Racquet Market research study, the following years have been considered to estimate the market size: