Lucintel Forecasts the Global Tennis Equipment Market to Reach $7 Billion by 2030
Lucintel Forecasts the Global Tennis Equipment Market to Reach $7 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global tennis equipment market looks promising with opportunities in the tennis racquet, tennis ball, and tennis strings market. The global tennis equipment market is expected to reach an estimated $7 billion by 2030 from $6 billion in 2023 at a CAGR of 3% from 2023 to 2030. The major drivers for this market are increasing number of tennis events, growing participation among age groups, particularly in the youth segment, and growth of tennis as a fitness sport.
Browse 120 figures/charts and 94 tables in this 177-page report to understand trends, opportunity and forecast in tennis equipment market to 2030 by type (tennis racquet, tennis ball, and tennis string), material (composite and other materials), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that the tennis racquet segment will remain the largest segment by value and the tennis ball segment is expected to show above average growth during the forecast period. Tennis racquets are mostly made of composites material and it will remain preferred material for manufacturing due to their lightweight property.
North America is expected to remain the largest region by value during the forecast period due to an increasing number of professional players and cardio tennis participants in this region.
Amer Sports, Head NV, Babolat, Yonex, and Dunlop Sports are the major suppliers in the tennis equipment market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056