Quadintel published a new report on the Tennis Equipment Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Global Tennis Equipment Market is valued at approximately USD 7.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.0 % over the forecast period 2022-2028.
Tennis Equipment defined as items includes to play tennis such as balls, sunscreen, racket, snacks, sunglasses, and tennis shoes. Each piece of equipment has a unique role, whether it be the racket or whether it be snacks that help refuel the body after an intense training session or match.
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The growing investment in the research & development of eco-friendly tennis training equipment and increasing number of beginner tennis players has led to the adoption of Tennis Equipment across the forecast period. For Instance: In December 2021, Dow, in partnership with Sport Singapore (SportSG) and B.T. Sports, launched the first-of-its-kind fully permeable in-situ tennis court. This was featured at the Jurong West Tennis Centre and is in line with the sustainability goals that Dow is set out to achieve. Also, with the rise in popularity of tennis and increase in awareness regarding health and fitness, the adoption & demand for Tennis Equipment is likely to increase the market growth during the forecast period. However, high cost of rackets and fluctuation in prices of raw materials impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Tennis Equipment Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the increasing popularity of statement racquet bags and tennis racquet backpacks. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as increase in awareness regarding health and fitness among the population would create lucrative growth prospects for the Tennis Equipment Market across Asia-Pacific region.
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Major market players included in this report are:
Oliver Sports & Squash GmbH
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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Furthermore, years considered for the study are as follows:
Target Audience of the Global Tennis Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
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The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
What aspects regarding the regional analysis Market are included in this report?
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