According to a new market report published by
Lucintel, the future of the global tennis equipment manufacturing market looks
good with opportunities in the tennis racquet, tennis ball, and tennis
strings market. The global tennis
equipment manufacturing market is expected to reach an estimated $845.7 million
by 2022 and is forecast to grow at a CAGR of 2.4% from 2017 to 2022. The major growth
drivers for this market are an increasing number of tennis
events, growing participation among age groups, particularly in the youth
segment, and growth of tennis as a fitness sport.
In this
market, the three segments by type are tennis racquets, tennis balls, and tennis
strings. 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.
Currently, 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.
APAC is expected to experience
the highest growth over the forecast period due to growing players’
participation in this region.
Emerging trends, which
have a direct impact on the dynamics of the industry, include increasing use of
information technology for direct promotion/marketing to customers, and
increasing participation in tennis for cardiovascular health. Amer Sports, Head
NV, Babolat, Yonex, and Dunlop Sports are among the major manufacturers of tennis
equipment.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global tennis equipment market by type, material
type of tennis racquet, and region, and has come up comprehensive research report entitled, “Growth Opportunities in the Global Tennis
Equipment Manufacturing Market 2017-2022: Trends, Forecast, and Opportunity
Analysis.” This Lucintel report serves as a catalyst
for growth strategy, as it provides a comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for the
global tennis equipment manufacturing market by type, material (tennis racquet),
and region as follows:
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By type
(Value ($ million) and Volume ( million units) from 2011 to 2022):
·
Tennis
Racquet
·
Tennis
Ball
·
Tennis
String
By Material of Tennis Racquet (Value ($
million) for 2016):
·
Composites
·
Other
Materials
By Region (Value ($ million) from 2011 to 2022):
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This
99 page 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 helpdesk@lucintel.com. Lucintel
offerings include Consumer
Goods Report, Consumer
Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries.
For further information, visit www.lucintel.com.
This
report answers the following 11 key questions:
Q.1 What are some of the potential, high-growth
opportunities for the global tennis equipment manufacturing market by type (tennis
racquet, tennis ball, and tennis string), material of tennis racquet (composite
and other materials), and region (North America, Europe, Asia Pacific, and the
Rest of the World)?
Q.2 Which segments will grow at a
faster pace and why?
Q.3 Which region will grow
at a faster pace and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges in this market?
Q.5 What
are the business risks and threats of this market?
Q.6 What are emerging trends in this market and
reasons behind them?
Q.7 What are some of the changing demands of
customers in the market?
Q.8 What are the new developments in the market?
Which companies are leading these developments?
Q.9 Who are the major players in this market? What
strategic initiatives are being implemented by key players for business
growth?
Q.10 How intense is the
competitive rivalry and threat of substitution in this market?
Q.11 What
M&A activity has occurred in the last 5 years?
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