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North America Tennis Racquet Market

2021

North America 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: TIPRE00025100 | No. of Pages: 89 | Category: Consumer Goods | Status: Published

Market Insights

North America Tennis Racquet Market to Grow at a CAGR of 1.9% to reach US$ 100.99 million Million from 2021 to 2028

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The tennis racquet market in North America is expected to grow from US$ 88.78 million in 2021 to US$ 100.99 million by 2028; it is estimated to grow at a CAGR of 1.9% from 2021 to 2028.


The US, Canada, and Mexico are economies in North America. Growing awareness regarding the significance of sports in sustaining fitness and health has increased the participation rate in tennis worldwide. Furthermore, tennis has gained significant popularity for better fitness, particularly among the elderly population, in matured economies including the US. Moreover, it also exhibits certain advantages such as increasing aerobic activities, lowering resting heart rate and blood pressure, improving metabolic function, and increasing bone density. In addition to this, cardio tennis has gained remarkable popularity among all age groups. It is a group activity that includes a high-energy workout, including warm-up and cardio workouts to burn calories in a healthy way. Cardio tennis follows the positive trends in group exercise and fitness, and Net Generation is also focusing on bringing more youth into the sport. Youth participation augmented to 1.6% in 2018, driven by teenage players aged 13 to 17, which increased 2.8% while the youngest players ages 6 to 12 grew 0.5 percent within the same year. In 2018, the participation rate in tennis sport had reached 2.5 million in the US, and it grew by about 12%. According to the Physical Activity Council (PAC) data, cumulative US tennis participation increased a slim 0.9% (a total of 17.84 million players) from 2017 to 2018. As these generations are entering maturity and consequently experiencing increased flexible income, spending on participation in multiple sports activities has increased. This has been highly beneficial for the development of the tennis industry, and demand for tennis equipment is projected to support the expansion of the tennis racquet market over the forecast period.

North America is one of the worst-affected economies due to the COVID-19 pandemic. The US reported the highest number of confirmed cases of COVID-19, followed by Canada and Mexico. The unprecedented rise in the number of COVID-19 cases across the US and Canada, along with the subsequent lockdown of manufacturing facilities in the countries, has negatively influenced the growth of the various markets. North America exhibits significant growth in racquet sales and tennis participation in countries such as US. Tennis participation in the US upsurged by 22 percent in 2020, with 21.64 million people hitting the courts, as per the data from the Physical Activity Council’s (PAC) Participation Report produced by Sports Marketing Surveys.

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

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North America Tennis Racquet Market Segmentation

North America Tennis Racquet Market – By End User

  • Adults
  • Kids

North America Tennis Racquet Market – By Distribution Channel

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

North America Tennis Racquet Market- By Country

  • US
  • Canada
  • Mexico

North America 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.

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. North America Tennis Racquet Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Expert Opinion

5. North America 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 Increasing Government Support to Sports

5.2 Market Restraints

5.2.1 Health Risk from Tennis

5.3 Market Opportunities

5.3.1 Untapped Markets

5.4 Future Trends

5.4.1 New Product Innovations

5.5 Impact Analysis of Drivers and Restraints

6. Tennis Racquet – North America Market Analysis

6.1 Tennis Racquet Market Overview

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

7. North America 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. North America 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. North America Tennis Racquet Market – Country Analysis

9.1 Overview

9.1.1 North America: Tennis Racquet Market, by Key Country

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

9.1.1.1.1 US: Tennis Racquet Market, by End User

9.1.1.1.2 US: Tennis Racquet Market, by Distribution Channel

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

9.1.1.2.1 Canada: Tennis Racquet Market, by End User

9.1.1.2.2 Canada: Tennis Racquet Market, by Distribution Channel

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

9.1.1.3.1 Mexico: Tennis Racquet Market, by End User

9.1.1.3.2 Mexico: Tennis Racquet Market, by Distribution Channel

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

10.1 Overview

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 HEAD

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 Babolat

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 Amer 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 GAMMA Sports

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 PACIFIC Holding GmbH

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 Maus Frères SA

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

12.9 Authentic Brands Group LLC

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

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

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

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

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

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

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

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

Table 8. Glossary of Terms, Tennis Racquet Market

LIST OF FIGURES

Figure 1. North America Tennis Racquet Market Segmentation

Figure 2. North America Tennis Racquet Market Segmentation – By Country

Figure 3. North America Tennis Racquet Market Overview

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

Figure 5. US Held Largest Share of North America Tennis Racquet Market

Figure 6. North America Tennis Racquet Market, Key Market Players

Figure 7. North America PEST Analysis

Figure 8. Expert Opinion

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

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

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

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

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

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

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

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

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

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

Figure 19. North America: Tennis Racquet Market, by Key Country-Revenue 2020 (US$ Million)

Figure 20. North America: Tennis Racquet Market Revenue Share, by Key Country (2020 & 2028)

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

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

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

Figure 24. Impact of COVID-19 Pandemic on Tennis Racquet Market in North American Countries

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