Asia Pacific Tennis Racquet Market Analysis, Size, and Share by 2028
Asia Pacific Tennis Racquet Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By End User (Adults and Kids) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
- Status : Published
- Report Code : TIPRE00025102
- Category : Consumer Goods
- No. of Pages : 94
- Available Report Formats :
- Last update date : October 05, 2021
2021 Market Size
US$ 98.48 Mn
Base year value
2028 Forecast
US$ 120.70 Mn
Projected by 2028
CAGR 2022-2028
2.9 %
Growth rate
Addressable Market
US$ 774.14 Mn
(2022-2028)
The tennis racquet market in APAC is expected to grow from US$ 98.48 million in 2021 to US$ 120.70 million by 2028; it is estimated to grow at a CAGR of 2.9% from 2021 to 2028.
The Australia, China, India, Japan, and South Korea are economies in APAC. Tennis as a sport and a form of entertainment has often been seen as something of a man's endeavor across emerging countries. The sports itself is an expensive pastime, with the amount spent on equipment and training is huge in comparison with team sports such as football and hockey. Moreover, there is the lack of professional tournaments on the continent as part of the ATP or WTA tour does not let the sport and exceptionally talented professional players showcase their talents first-hand. All these factors are likely to provide lucrative opportunities for the tennis racquet market during the forecast period.
The Asian economies have been hit hard due to the pandemic. India recorded the highest number of cases, and the emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemic upon the consumer goods industry. Tennis is actually one of the sports that's coming out of a pandemic stronger than ever, which in turn will have a strong impact on tennis racquets market in Asia Pacific region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the tennis racquet market. The APAC tennis racquet market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
APAC Tennis Racquet Market Segmentation
APAC Tennis Racquet Market – By End User
- Adults
- Kids
APAC Tennis Racquet Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
APAC Tennis Racquet Market- By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Tennis Racquet Market-Companies Mentioned
- Amer Sports
- Authentic Brands Group LLC
- Babolat
- Freewill Infrastructures Pvt. Ltd.
- GAMMA Sports
- HEAD
- Maus Frères SA
- PACIFIC Holding GmbH
- Sumitomo Rubber Industries, Ltd.
- YONEX Co., Ltd.
Asia Pacific Tennis Racquet Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 98.48 Million |
| Market Size by 2028 | US$ 120.70 Million |
| CAGR (2021 - 2028) | 2.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By End User
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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