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Middle East and Africa Tennis Racquet Market

2021

Middle East and Africa 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: TIPRE00025103 | No. of Pages: 85 | Category: Consumer Goods | Status: Published

Market Insights

Middle East & Africa Tennis Racquet Market to Grow at a CAGR of 0.5% to reach US$ 8.14 million Million from 2021 to 2028

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The tennis racquet market in MEA is expected to grow from US$ 7.85 million in 2021 to US$ 8.14 million by 2028; it is estimated to grow at a CAGR of 0.5% from 2021 to 2028.


South Africa, Saudi Arabia, and UAE are major economies in MEA. The demand for tennis racquet products is surging due to new product innovations by various market players such as Yonex Co., Ltd. The company has launched the new VCORE PRO tennis racquet, more focused on precision and control. With 36% more racquet flex, the 3rd-generation VCORE PRO is developed for players seeking control over all facets of ball movement such as the ball's trajectory, spin, speed, bounce, and ball placement. Similarly, the DUNLOP brand of Sumitomo Rubber Industries, Ltd. has introduced an innovative CX Series range of control racquets. This innovative range has been designed to give players complete control over their power, spin, and accuracy. Sensors in the handle of racquets record a considerable amount of information, from the number and range of shots hit to the power and amount of spin. The International Tennis Federation had previously outlawed the smart racquets in competition; however, players can now use the technology, such as Rafael Nadal's new racquet and devices like heart-rate monitors that record data about player performance in real time. Hence, the increased demand for tennis racquet products, along with new product developments, is strongly complementing the Middle East and Africa Tennis Racquet market growth.

Turkey, South Africa, Iraq, and Israel reported a high number of COVID-19 confirmed cases and deaths in the MEA. According to the International Finance Corporation, the COVID-19 pandemic has had a severe impact on the economy of the MEA, which led to decline in oil production and tourism, as well as remittances. Turkey has the highest number of COVID-19 cases in the MEA, followed by South Africa and the UAE, among others. Due to lockdown in the Middle Eastern and African countries, various consumer goods companies remained closed, which led to the reduction in the sale of various products, including tennis racquet.

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 MEA tennis racquet market is expected to grow at a good CAGR during the forecast period.

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MEA Tennis Racquet Market Segmentation

MEA Tennis Racquet Market – By End User

  • Adults
  • Kids

MEA Tennis Racquet Market – By Distribution Channel

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Retail
  • Others

MEA Tennis Racquet Market- By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

MEA Tennis Racquet Market-Companies Mentioned

  • Amer Sports
  • Authentic Brands Group LLC
  • Babolat
  • GAMMA Sports
  • Maus Frères SA
  • PACIFIC Holding GmbH
  • Sumitomo Rubber Industries, Ltd.
  • Yonex Co., Ltd.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

4. MEA Tennis Racquet Market Landscape

4.1 Market Overview

4.2 MEA PEST Analysis

4.3 Expert Opinion

5. MEA Tennis Racquet Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Adoption of Tennis as Recreational Sport in Young Population

5.1.2 Ascent in Government Support to Sports

5.2 Market Restraints

5.2.1 Health Risk from Tennis

5.3 Market Opportunities

5.3.1 Pristine Markets

5.4 Future Trends

5.4.1 New Product Innovations

5.5 Impact Analysis of Drivers and Restraints

6. Tennis Racquet – MEA Market Analysis

6.1 Tennis Racquet Market Overview

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

7. MEA Tennis Racquet Market Analysis – By End User

7.1 Overview

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

7.3 Adults

7.3.1 Overview

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

7.4 Kids

7.4.1 Overview

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

8. MEA Tennis Racquet Market Analysis – By Distribution Channel

8.1 Overview

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

8.3 Supermarkets and Hypermarkets

8.3.1 Overview

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

8.4 Specialty Stores

8.4.1 Overview

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

8.5 Online Retail

8.5.1 Overview

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

8.6 Others

8.6.1 Overview

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

9. MEA Tennis Racquet Market – Country Analysis

9.1 Overview

9.1.1 Middle East and Africa: Tennis Racquet Market, by Key Country

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

9.1.1.1.1 South Africa: Tennis Racquet Market, by End User

9.1.1.1.2 South Africa: Tennis Racquet Market, by Distribution Channel

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

9.1.1.2.1 Saudi Arabia: Tennis Racquet Market, by End User

9.1.1.2.2 Saudi Arabia: Tennis Racquet Market, by Distribution Channel

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

9.1.1.3.1 UAE: Tennis Racquet Market, by End User

9.1.1.3.2 UAE: Tennis Racquet Market, by Distribution Channel

9.1.1.4 Rest of MEA: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 Rest of MEA: Tennis Racquet Market, by End User

9.1.1.4.2 Rest of MEA: Tennis Racquet Market, by Distribution Channel

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

11. Industry Landscape

11.1 Overview

11.2 Product Launch

11.3 Expansion

12. Company Profiles

12.1 YONEX Co., Ltd.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Sumitomo Rubber Industries, Ltd.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Babolat

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Amer Sports

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 GAMMA Sports

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 PACIFIC Holding GmbH

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Maus Frères SA

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Authentic Brands Group LLC

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

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

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

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

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

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

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

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

Table 8. Rest of MEA Tennis Racquet Market, by End User – Revenue and Forecast to 2028 (USD Million)

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

Table 10. Glossary of Terms, Tennis Racquet Market

LIST OF FIGURES

Figure 1. MEA Tennis Racquet Market Segmentation

Figure 2. MEA Tennis Racquet Market Segmentation – By Country

Figure 3. MEA Tennis Racquet Market Overview

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

Figure 5. South Africa Held Largest Share of MEA Tennis Racquet Market

Figure 6. MEA Tennis Racquet Market, Key Market Players

Figure 7. MEA: PEST Analysis

Figure 8. Expert Opinion

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

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

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

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

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

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

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

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

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

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

Figure 19. Middle East and Africa: Tennis Racquet Market, by Key Country-Revenue 2020 (US$ Million)

Figure 20. Middle East and Africa: Tennis Racquet Market Revenue Share, by Key Country (2020 and 2028)

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

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

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

Figure 24. Rest of MEA: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million)

Figure 25. Impact of COVID-19 Pandemic on Tennis Racquet Market in the Middle East and Africa

  1. Amer Sports
  2. Authentic Brands Group LLC
  3. Babolat
  4. GAMMA Sports
  5. Maus Frères SA
  6. PACIFIC Holding GmbH
  7. Sumitomo Rubber Industries, Ltd.
  8. Yonex Co., Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA 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 MEA 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 MEA 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
TIPRE00025103
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