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Asia Pacific Tennis Racquet Market

2021

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)

Publication Month: Oct 2021 | Report Code: TIPRE00025102 | No. of Pages: 94 | Category: Consumer Goods | Status: Published

Market Insights

Asia-Pacific Tennis Racquet Market to Grow at a CAGR of 2.9% to reach US$ 120.70 million Million from 2021 to 2028

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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.

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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.

1. Introduction

1.1 Study Scope. 14

1.2 The Insight Partners Research Report Guidance. 14

1.3 Market Segmentation. 16

2. Key Takeaways. 18

3. Research Methodology. 22

3.1 Scope of the Study. 22

3.2 Research Methodology. 23

3.2.1 Data Collection: 24

3.2.2 Primary Interviews: 25

3.2.3 Hypothesis formulation: 25

3.2.4 Macro-economic factor analysis: 26

3.2.5 Developing base number: 26

3.2.6 Data Triangulation: 26

4. APAC Tennis Racquet Market Landscape. 27

4.1 Market Overview.. 27

4.2 APAC PEST Analysis. 28

4.3 Expert Opinion. 29

5. APAC Tennis Racquet Market – Key Market Dynamics. 30

5.1 Market Drivers. 30

5.1.1 Adoption of Tennis as Recreational Sport in Young Population. 30

5.1.2 Rising Government Support to Sports. 30

5.2 Market Restraints. 31

5.2.1 Health Risk from Tennis. 31

5.3 Market Opportunities. 31

5.3.1 Untapped Markets. 31

5.4 Future Trends. 31

5.4.1 New Product Innovations. 31

5.5 Impact Analysis of Drivers and Restraints. 32

6. Tennis Racquet – APAC Market Analysis. 33

6.1 Tennis Racquet Market Overview.. 33

6.2 Tennis Racquet Market – Revenue Forecasts to 2028 (US$ Million) 33

7. APAC Tennis Racquet Market Analysis – By End User 35

7.1 Overview.. 35

7.2 Tennis Racquet Market, By End User (2020 and 2028) 35

7.3 Adults. 36

7.3.1 Overview.. 36

7.3.2 Adults: Tennis Racquet Market – Revenue and Forecast to 2028 (US$ Mn) 36

7.4 Kids. 37

7.4.1 Overview.. 37

7.4.2 Kids: Tennis Racquet Market – Revenue and Forecast to 2028 (US$ Mn) 37

8. APAC Tennis Racquet Market Analysis – By Distribution Channel 38

8.1 Overview.. 38

8.2 Tennis Racquet Market, By Distribution Channel (2020 and 2028) 38

8.3 Supermarkets and Hypermarkets. 39

8.3.1 Overview.. 39

8.3.2 Supermarkets and Hypermarkets: Tennis Racquet Market – Revenue and Forecast to 2028 (US$ Mn) 39

8.4 Specialty Stores. 41

8.4.1 Overview.. 41

8.4.2 Specialty Stores: Tennis Racquet Market – Revenue and Forecast to 2028 (US$ Mn) 41

8.5 Online Retail 42

8.5.1 Overview.. 42

8.5.2 Online Retail: Tennis Racquet Market – Revenue and Forecast to 2028 (US$ Mn) 42

8.6 Others. 44

8.6.1 Overview.. 44

8.6.2 Others: Tennis Racquet Market – Revenue and Forecast to 2028 (US$ Mn) 44

9. APAC Tennis Racquet Market – Country Analysis. 45

9.1 Overview.. 45

9.1.1 Asia Pacific: Tennis Racquet Market, by Key Country. 47

9.1.1.1 Australia: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million) 48

9.1.1.1.1 Australia: Tennis Racquet Market, by End User 49

9.1.1.1.2 Australia: Tennis Racquet Market, by Distribution Channel 49

9.1.1.2 China: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million) 50

9.1.1.2.1 China: Tennis Racquet Market, by End User 51

9.1.1.2.2 China: Tennis Racquet Market, by Distribution Channel 51

9.1.1.3 India: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million) 52

9.1.1.3.1 India: Tennis Racquet Market, by End User 53

9.1.1.3.2 India: Tennis Racquet Market, by Distribution Channel 53

9.1.1.4 Japan: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million) 54

9.1.1.4.1 Japan: Tennis Racquet Market, by End User 55

9.1.1.4.2 Japan: Tennis Racquet Market, by Distribution Channel 55

9.1.1.5 South Korea: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million) 56

9.1.1.5.1 South Korea: Tennis Racquet Market, by End User 57

9.1.1.5.2 South Korea: Tennis Racquet Market, by Distribution Channel 57

9.1.1.6 Rest of Asia Pacific: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million) 58

9.1.1.6.1 Rest of Asia Pacific: Tennis Racquet Market, by End User 59

9.1.1.6.2 Rest of Asia Pacific: Tennis Racquet Market, by Distribution Channel 59

10. Impact of Covid-19 Pandemic on APAC Tennis Racquet Market 60

10.1 Overview.. 60

11. Industry Landscape. 61

11.1 Overview.. 61

11.2 Product Launch. 61

11.3 Expansion. 62

12. Company Profiles. 63

12.1 YONEX Co., Ltd. 63

12.1.1 Key Facts. 63

12.1.2 Business Description. 63

12.1.3 Products and Services. 64

12.1.4 Financial Overview.. 65

12.1.5 SWOT Analysis. 67

12.1.6 Key Developments. 67

12.2 Sumitomo Rubber Industries, Ltd. 68

12.2.1 Key Facts. 68

12.2.2 Business Description. 68

12.2.3 Products and Services. 69

12.2.4 Financial Overview.. 70

12.2.5 SWOT Analysis. 72

12.2.6 Key Developments. 72

12.3 HEAD.. 73

12.3.1 Key Facts. 73

12.3.2 Business Description. 73

12.3.3 Products and Services. 74

12.3.4 Financial Overview.. 74

12.3.5 SWOT Analysis. 75

12.3.6 Key Developments. 75

12.4 Babolat 76

12.4.1 Key Facts. 76

12.4.2 Business Description. 76

12.4.3 Products and Services. 77

12.4.4 Financial Overview.. 77

12.4.5 SWOT Analysis. 78

12.4.6 Key Developments. 78

12.5 Amer Sports. 79

12.5.1 Key Facts. 79

12.5.2 Business Description. 79

12.5.3 Products and Services. 80

12.5.4 Financial Overview.. 80

12.5.5 SWOT Analysis. 82

12.5.6 Key Developments. 82

12.6 GAMMA Sports. 83

12.6.1 Key Facts. 83

12.6.2 Business Description. 83

12.6.3 Products and Services. 83

12.6.4 Financial Overview.. 83

12.6.5 SWOT Analysis. 84

12.6.6 Key Developments. 84

12.7 PACIFIC Holding GmbH.. 85

12.7.1 Key Facts. 85

12.7.2 Business Description. 85

12.7.3 Products and Services. 85

12.7.4 Financial Overview.. 86

12.7.5 SWOT Analysis. 86

12.7.6 Key Developments. 86

12.8 Maus Frères SA. 87

12.8.1 Key Facts. 87

12.8.2 Business Description. 87

12.8.3 Products and Services. 87

12.8.4 Financial Overview.. 88

12.8.5 SWOT Analysis. 88

12.8.6 Key Developments. 88

12.9 Authentic Brands Group LLC. 89

12.9.1 Key Facts. 89

12.9.2 Business Description. 89

12.9.3 Products and Services. 89

12.9.4 Financial Overview.. 90

12.9.5 SWOT Analysis. 90

12.9.6 Key Developments. 90

12.10 Freewill Infrastructures Pvt. Ltd. 91

12.10.1 Key Facts. 91

12.10.2 Business Description. 91

12.10.3 Products and Services. 91

12.10.4 Financial Overview.. 92

12.10.5 SWOT Analysis. 92

12.10.6 Key Developments. 92

13. Appendix. 93

13.1 About The Insight Partners. 93

13.2 Glossary of Terms


LIST OF TABLES

Table 1. APAC Tennis Racquet Market –Revenue Forecast to 2028 (US$ Million) 34

Table 2. Australia Tennis Racquet Market, by End-User – Revenue and Forecast to 2028 (USD Million) 49

Table 3. Australia Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 49

Table 4. China Tennis Racquet Market, by End-User – Revenue and Forecast to 2028 (USD Million) 51

Table 5. China Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 51

Table 6. India Tennis Racquet Market, by End-User – Revenue and Forecast to 2028 (USD Million) 53

Table 7. India Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 53

Table 8. Japan Tennis Racquet Market, by End-User – Revenue and Forecast to 2028 (USD Million) 55

Table 9. Japan Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 55

Table 10. South Korea Tennis Racquet Market, by End-User – Revenue and Forecast to 2028 (USD Million) 57

Table 11. South Korea Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 57

Table 12. Rest of Asia Pacific Tennis Racquet Market, by End-User – Revenue and Forecast to 2028 (USD Million) 59

Table 13. Rest of Asia Pacific Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million) 59

Table 14. Glossary of Terms, Tennis Racquet Market


LIST OF FIGURES

Figure 1. APAC Tennis Racquet Market Segmentation. 16

Figure 2. APAC Tennis Racquet Market Segmentation – By Country. 17

Figure 3. APAC Tennis Racquet Market Overview.. 18

Figure 4. Adult Segment Held Largest Share of APAC Tennis Racquet Market 19

Figure 5. China Held Largest Share of APAC Tennis Racquet Market 20

Figure 6. APAC Tennis Racquet Market, Key Market Players. 21

Figure 7. APAC: PEST Analysis. 28

Figure 8. Expert Opinion. 29

Figure 9. APAC Tennis Racquet Market Impact Analysis of Drivers and Restraints. 32

Figure 10. APAC: Tennis Racquet Market – Revenue Forecast to 2028 (US$ Million) 34

Figure 11. APAC Tennis Racquet Market Revenue Share, By End User (2020 and 2028) 35

Figure 12. APAC Adults: Tennis Racquet Market – Revenue and Forecast To 2028 (US$ Mn) 36

Figure 13. APAC Kids: Tennis Racquet Market – Revenue and Forecast To 2028 (US$ Mn) 37

Figure 14. APAC Tennis Racquet Market Revenue Share, By Distribution Channel (2020 and 2028) 38

Figure 15. APAC Supermarkets and Hypermarkets: Tennis Racquet Market – Revenue and Forecast To 2028 (US$ Mn) 40

Figure 16. APAC Specialty Stores: Tennis Racquet Market – Revenue and Forecast To 2028 (US$ Mn) 41

Figure 17. APAC Online Retail: Tennis Racquet Market – Revenue and Forecast To 2028 (US$ Mn) 43

Figure 18. APAC Others: Tennis Racquet Market – Revenue and Forecast To 2028 (US$ Mn) 44

Figure 19. Asia Pacific: Tennis Racquet Market, by Key Country-Revenue 2020 (US$ Million) 46

Figure 20. Asia Pacific: Tennis Racquet Market Revenue Share, by Key Country (2020 and 2028) 47

Figure 21. Australia: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million) 48

Figure 22. China: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million) 50

Figure 23. India: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million) 52

Figure 24. Japan: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million) 54

Figure 25. South Korea: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million) 56

Figure 26. Rest of Asia Pacific: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million) 58

Figure 27. Impact of COVID-19 Pandemic on Tennis Racquet Market in Asia-Pacific 93


. 93

. 93

  1. Amer Sports
  2. Authentic Brands Group LLC
  3. Babolat
  4. Freewill Infrastructures Pvt. Ltd.
  5. GAMMA Sports
  6. HEAD
  7. Maus Frères SA
  8. PACIFIC Holding GmbH
  9. Sumitomo Rubber Industries, Ltd.
  10. YONEX Co., Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Tennis Racquet market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC Tennis Racquet market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the Tennis Racquet market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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