Global Tennis Equipment Market Size, Share, and Trends Analysis Report, By Product Type (Tennis Racquets, Tennis Balls, Tennis Strings, Equipment Bags, Apparels, Shoes, and Other Accessories), By Sales Channel (Online and Offline), and By Material (Composites, Metallic, and Other Materials) Forecast Period (2022-2028)

The global Tennis Equipment market is anticipated to grow at a CAGR of 2.8 % during the forecast period (2022-2028). Tennis equipment refers to the products that are used or essential for playing the outdoor sports of Tennis. The product includes racquets, balls, and strings for tennis, and other products including apparel, shoes, wristband, and others. The major factor attributing to the growth of the global tennis equipment market is the increasing number of tennis players across the globe. According to the Global Tennis Report published by the International Tennis Federation (ITF) in 2019, there are an estimated number of around 87 million people play tennis across the globe representing around 1.17% of the world’s total population. Among these, China, the US, and India combined account for more than 50% of total tennis players across the globe representing around 22.5%, 20.7%, and 9.2% respectively. Thus, increasing the demand for tennis equipment during the forecast period.

The use of tennis equipment is also increasing due to the increasing inclination of people toward tennis due to several health benefits provided by playing tennis. The benefits include enhancement in aerobic capacity, lowering heart rate & blood pressure, improvement in metabolic function, increase in bone density, improvement in muscle tone, strength, & flexibility, improvement in reaction time, and many others. Furthermore, the production of clothes worn while playing tennis is also increasing due to the growing textile industry. According to the Textile Industry report published by the India Brand Equity Foundation (IBEF) in February 2022, the textile industry of India is one of the oldest industries across the globe. The market size of the Indian textile industry was around $29.8 billion in 2021 giving employment to around 4.5 crore workers. Thus, the benefits associated with the tennis  game is expected to propel the growth of the global tennis equipment market over the forecast period.

Some major players in the market include Yonex Co. Ltd., Amer Sports Corp., Nike Inc., Adidas AG, and Solinco Inc., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Wilson Sporting Goods launched new series of Earth Day Tennis Rackets. The new series consists of three rackets made of bio-based and recycled material.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Sales Channel
  • By Material
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Yonex Co. Ltd., Amer Sports Corp., Nike Inc., Adidas AG, Solinco Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Tennis Equipment  Market Report by Segment

By Type

• Tennis Racquets
• Tennis Balls
• Tennis Strings
• Equipment Bags
• Shoes
• Apparels
• Other Accessories

By Sales Channel

• Online
• Offline

By Material

• Composites
• Metallic
• Other Materials

Global Tennis Equipment  Market Report by Region

North America

• The United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa