Europe Tennis Racquet Market Size and Competitive Analysis by 2028
Europe 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 : TIPRE00025101
- Category : Consumer Goods
- No. of Pages : 96
- Available Report Formats :
- Last update date : October 05, 2021
2021 Market Size
US$ 103.55 Mn
Base year value
2028 Forecast
US$ 114.13 Mn
Projected by 2028
CAGR 2022-2028
1.4 %
Growth rate
Addressable Market
US$ 766.60 Mn
(2022-2028)
The tennis racquet market in Europe is expected to grow from US$ 103.55 million in 2021 to US$ 114.13 million by 2028; it is estimated to grow at a CAGR of 1.4% from 2021 to 2028.
The UK, Germany, France, Italy, and Russia are major economies in Europe. The rising commitment of governments to sports has opened new opportunities for sports such as tennis as opposed to earlier times when tennis was generally played only during Wimbledon in Europe. However, now, tennis has been widely played during numerous other events such as Commonwealth Games and Olympics. In addition to this, local governments continue to build additional facilities, including tennis courts, children’s parks, and outdoor fitness areas within public spaces. Local governments of important cities are working to promote sports traditionally played only by the elite, such as tennis and golf. Moreover, nowadays, tennis equipment such as racquets frames that had been of a standard size and shape and constructed primarily of laminated wood were suddenly manufactured in a varied choice of shapes, sizes, and materials, the most substantial milestones being the introduction of metal frames. Sports associations and governments have been at the forefront of developments over the last few years. All such factors are expected to propel the Europe Tennis Racquet market growth over the forecast period.
In Europe, the UK, France, and Russia are the hardest-hit countries by the COVID-19 outbreak. The UK is estimated to suffer an economic hit due to lack of revenue from various industries, as the country recorded the highest-number of COVID-19 cases, followed by France, Spain, Italy, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe. The lockdown restrictions are being slowly lifted in some of the countries in Europe; for instance, in Denmark, shops, complexes have reopened. Italy is in the “yellow zone” and is slowly lifting the lockdown restrictions. All these factors are likely to have a positive impact on the consumer goods industry, which will translate in the recovery of the tennis racquet market.
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 Europe 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.
Europe Tennis Racquet Market Segmentation
Europe Tennis Racquet Market – By End User
- Adults
- Kids
Europe Tennis Racquet Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
Europe Tennis Racquet Market- By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Tennis Racquet Market-Companies Mentioned
- Amer Sports
- Authentic Brands Group LLC
- Babolat
- GAMMA Sports
- Head N.V.
- Maus Frères SA
- PACIFIC Holding GmbH
- Sumitomo Rubber Industries, Ltd.
- Yonex Co., Ltd.
Europe Tennis Racquet Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 103.55 Million |
| Market Size by 2028 | US$ 114.13 Million |
| CAGR (2021 - 2028) | 1.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By End User
|
| Regions and Countries Covered |
Europe
|
| 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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