A tennis racquet is used to hit a ball during a game of tennis. Tennis is expected to grow in popularity among health-conscious people as sports become more important in regulating body metabolism and developing physical strength.
A racket is a sporting instrument made out of a handled frame and an open hoop over which a network of strings or catgut is stretched taut. It's used to hit a ball in sports like tennis. Racket design and production have evolved dramatically over the decades.
Tennis equipment refers to the necessary equipment for playing tennis. The sport requires the use of a racket, tennis ball, shoes, and a dress code. Aside from player requirements, the tennis court requires a net to divide each player's playing area. Rackets can be fashioned from a variety of metals or wood. There are no limitations on the size or materials that can be utilised to construct a racket. It has an oval head and a neck that gradually widens as it joins the narrow handle to the racket's head. Strings of various materials, like as nylon, gut, or synthetic gut, are firmly woven into the head of the racket. For a better grip, the handles are coated with leather or nylon.
The tennis racket market is expected to reach a value of over US$ 700 million by 2030, growing at a CAGR of 3.5 percent between 2020 and 2030. Due to modest growth in mature economies such as North America and Europe, the tennis racket market has had a historical CAGR of almost 1% during the period (2015-2019), and is expected to reach a valuation of US$ 214 million by 2030.
Millennials and Gen Z have shown an increase in participation. For many years, millennials and Gen Z's discretionary spending has been low, and as a result, their expenditure on recreational activities has been low as well.
As these generations mature and gain more discretionary income, their expenditure on a variety of activities has increased. This has been extremely advantageous to the tennis industry's growth and demand for tennis equipment, and it is predicted to help the tennis racket market grow in the coming years.
Over the last few years, investments in instilling a healthy lifestyle have increased. Over the years, governments and sports organisations have been at the forefront of changes. In countries like India, the United Kingdom, and China, efforts to increase sports participation, with a focus on tennis, have been widely recognised.
The surge in popularity of tennis around the world is driving the tennis equipment market. Tennis has gained worldwide popularity as a result of an increase in the number of tournaments and promotional activities. Tennis is popular in Australia, the United States, France, Germany, Russia, and Spain, among other countries. Tennis has also grown in popularity in the Asia Pacific region. This popularity was boosted by the Commonwealth Games in New Delhi (India) in 2008.
Tennis involvement has expanded around the world as people become more aware of the importance of sports in maintaining fitness and health. Tennis has also grown in popularity as a means of improving health, particularly among the elderly, in developed nations such as Germany, France, and the United States. Furthermore, it has a number of benefits, including enhancing aerobic activities, lowering resting heart rate and blood pressure, improving metabolic function, and increasing bone density. Furthermore, cardio tennis has grown in popularity among people of all ages. It is a group exercise that consists of a high-intensity workout that includes a warm-up and cardio workout to help you burn calories in a healthy way. Cardio tennis is a great way to keep up with the latest fitness and group exercise trends.
Industry Major Market Players
· YONEX Co., Ltd.
· Sumitomo Rubber Industries, Ltd.
· HEAD
· Babolat
· Amer Sports
· GAMMA Sports
· PACIFIC Holding GmbH
· Maus Frères SA
· Authentic Brands Group LLC
· Freewill Infrastructures Pvt. Ltd.
