South America Tennis Racquet Market Trends and Analysis by 2028
South 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)
- Status : Published
- Report Code : TIPRE00025104
- Category : Consumer Goods
- No. of Pages : 83
- Available Report Formats :
- Last update date : October 05, 2021
2021 Market Size
US$ 10.02 Mn
Base year value
2028 Forecast
US$ 11.88 Mn
Projected by 2028
CAGR 2022-2028
2.5 %
Growth rate
Addressable Market
US$ 77.52 Mn
(2022-2028)
The tennis racquet market in SAM is expected to grow from US$ 10.02 million in 2021 to US$ 11.88 million by 2028; it is estimated to grow at a CAGR of 2.5% from 2021 to 2028.
Brazil and Argentina are major economies in SAM. 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. 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 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.
Brazil has the highest number of COVID-19 cases in South America, followed by Ecuador, Chile, Peru, and Argentina, among others. Governments of these countries have taken an array of actions to protect their citizens and contain COVID-19 spread. The region is experiencing lower export revenues, both, from the dropping commodity prices and reduction in export volumes, especially due to lowered export performance in China, Europe, and the US. Containment measures in several South American countries have reduced economic activity in the consumer goods industries; however, the sector is likely to rebound once the country manages to control the epidemic.
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 SAM 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.
SAM Tennis Racquet Market Segmentation
SAM Tennis Racquet Market – By End User
- Adults
- Kids
SAM Tennis Racquet Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
SAM Tennis Racquet Market- By Country
- Brazil
- Argentina
- Rest of SAM
SAM 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.
South America Tennis Racquet Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 10.02 Million |
| Market Size by 2028 | US$ 11.88 Million |
| CAGR (2021 - 2028) | 2.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By End User
|
| Regions and Countries Covered |
South and Central America
|
| 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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