Tennis Racquet Market Size, Share & Trends Analysis Report By Material (Carbon Fiber, Aluminum, Others), By Distribution Channel, By String Pattern, By End-use, By Region, And Segment Forecasts, 2024

Description

Tennis Racquet Market Growth & Trends:

The global tennis racquet market size is expected to reach USD 690.7 million by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.4% 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 78.2% share of the global revenue in 2023. 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.

Professional players segment accounted for the largest market revenue share in 2023. 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 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.

Tennis Racquet Market Report Highlights:

The North America dominated the tennis racquet market in 2023 with a revenue share of 33.2%.
Asia Pacific is expected to expand at the fastest CAGR in terms of revenue from 2024 to 2030
By material, the aluminum segment is expected to witness significant growth over the forecast period. Aluminum racquets are less expensive, making them an attractive option for budget-conscious consumers.
The online segment is anticipated to register a significant CAGR over the forecast period. Online shopping allows consumers to browse and purchase products from the comfort of their homes, eliminating the need for physical store visits.

Product Code: GVR-2-68038-955-5

Chapter 1. Methodology and Scope

1.1. Market Segmentation& Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
1.4. Information Analysis
- 1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
- 1.5.1. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot

Chapter 3. Tennis Racquet Market Variables, Trends, & Scope

3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
- 3.2.1. Sales/Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
3.5. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis

4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Decisions
4.4. Consumer Product Adoption Trends
4.5. Observations & Recommendations

Chapter 5. Tennis Racquet Market: Material Estimates & Trend Analysis

5.1. Material Movement Analysis & Market Share, 2023 & 2030
5.2. Tennis Racquet Market Estimates & Forecast, By Material, 2018 to 2030 (USD Million)
5.3. Carbon Fiber
- 5.3.1. Carbon Fiber Market Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Aluminum
- 5.4.1. Aluminum Market Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Others
- 5.5.1. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Tennis Racquet Market: Distribution Channel Estimates & Trend Analysis

6.1. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
6.2. Tennis Racquet Market Estimates & Forecast, By Distribution Channel, 2018 to 2030 (USD Million)
6.3. Sporting Goods Stores
- 6.3.1. Sporting Goods Stores Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Hypermarkets & Supermarkets
- 6.4.1. Hypermarkets & Supermarkets Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Online
- 6.5.1. Online Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. Others
- 6.6.1. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Tennis Racquet Market: String Pattern Estimates & Trend Analysis

7.1. String Pattern Movement Analysis & Market Share, 2023 & 2030
7.2. Tennis Racquet Market Estimates & Forecast, By String Pattern, 2018 to 2030 (USD Million)
7.3. Open String
- 7.3.1. Open String Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Closed/ String Dense
- 7.4.1. Closed/ String Dense Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Tennis Racquet Market: End Use Estimates & Trend Analysis

8.1. End Use Movement Analysis & Market Share, 2023 & 2030
8.2. Tennis Racquet Market Estimates & Forecast, By End Use, 2018 to 2030 (USD Million)
8.3. Professional Players
- 8.3.1. Professional Players Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4. Recreational Players
- 8.4.1. Recreational Players Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 9. Tennis Racquet Market: Regional Estimates & Trend Analysis

9.1. Regional Movement Analysis & Market Share, 2023 & 2030
9.2. North America
- 9.2.1. North America Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.2. U.S.
  - 9.2.2.1. U.S. Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.3. Canada
  - 9.2.3.1. Canada Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.4. Mexico
  - 9.2.4.1. Mexico Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.3. Europe
- 9.3.1. Europe Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.2. Germany
  - 9.3.2.1. Germany Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.3. U.K.
  - 9.3.3.1. U.K. Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.4. France
  - 9.3.4.1. France Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.5. Italy
  - 9.3.5.1. Italy Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.6. Spain
  - 9.3.6.1. Spain Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4. Asia Pacific
- 9.4.1. Asia Pacific Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.2. China
  - 9.4.2.1. China Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.3. India
  - 9.4.3.1. India Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.4. Japan
  - 9.4.4.1. Japan Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.5. South Korea
  - 9.4.5.1. South Korea Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.6. Australia & New Zealand
  - 9.4.6.1. Australia & New Zealand Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5. Middle East and Africa
- 9.5.1. Middle East and Africa Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5.2. Saudi Arabia
  - 9.5.2.1. Saudi Arabia Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.6. Latin America
- 9.6.1. Latin America Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.2. Brazil
  - 9.6.2.1. Brazil Tennis Racquet Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 10. Competitive Landscape

10.1. Recent Developments & Impact Analysis by Key Market Participants
10.2. Company Categorization
10.3. Company Heat Map/ Positioning Analysis
10.4. Strategy Mapping
10.5. Company Profiles
- 10.5.1. YONEX Co., Ltd.
  - 10.5.1.1. Company Overview
  - 10.5.1.2. Financial Performance
  - 10.5.1.3. Product Benchmarking
  - 10.5.1.4. Strategic Initiatives
- 10.5.2. Wilson Sporting Goods
  - 10.5.2.1. Company Overview
  - 10.5.2.2. Financial Performance
  - 10.5.2.3. Product Benchmarking
  - 10.5.2.4. Strategic Initiatives
- 10.5.3. HEAD
  - 10.5.3.1. Company Overview
  - 10.5.3.2. Financial Performance
  - 10.5.3.3. Product Benchmarking
  - 10.5.3.4. Strategic Initiatives
- 10.5.4. Dunlop Sports
  - 10.5.4.1. Company Overview
  - 10.5.4.2. Financial Performance
  - 10.5.4.3. Product Benchmarking
  - 10.5.4.4. Strategic Initiatives
- 10.5.5. Babolat
  - 10.5.5.1. Company Overview
  - 10.5.5.2. Financial Performance
  - 10.5.5.3. Product Benchmarking
  - 10.5.5.4. Strategic Initiatives
- 10.5.6. PRINCE SPORTS
  - 10.5.6.1. Company Overview
  - 10.5.6.2. Financial Performance
  - 10.5.6.3. Product Benchmarking
  - 10.5.6.4. Strategic Initiatives
- 10.5.7. Volkl - Global
  - 10.5.7.1. Company Overview
  - 10.5.7.2. Financial Performance
  - 10.5.7.3. Product Benchmarking
  - 10.5.7.4. Strategic Initiatives
- 10.5.8. Tecnifibre
  - 10.5.8.1. Company Overview
  - 10.5.8.2. Financial Performance
  - 10.5.8.3. Product Benchmarking
  - 10.5.8.4. Strategic Initiatives
- 10.5.9. Gamma Sports
  - 10.5.9.1. Company Overview
  - 10.5.9.2. Financial Performance
  - 10.5.9.3. Product Benchmarking
  - 10.5.9.4. Strategic Initiatives
- 10.5.10. PACIFIC Europe GmbH
  - 10.5.10.1. Company Overview
  - 10.5.10.2. Financial Performance
  - 10.5.10.3. Product Benchmarking
  - 10.5.10.4. Strategic Initiatives

Tennis Racquet Market Size, Share & Trends Analysis Report By Material (Carbon Fiber, Aluminum, Others), By Distribution Channel, By String Pattern, By End-use, By Region, And Segment Forecasts, 2024 - 2030