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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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
- 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Asia Pacific Tennis Racquet Market
Oct 2021
Nicotine Pouches Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Strength (Less than 6 mg/g, 6 mg/g to 12 mg/g, and More than 12 mg/g), Flavor [Original/Plain, and Flavored (Mint, Berry, Citrus, Fruity, Others)], Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
Oct 2021
Housewares Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Cookware and Bakeware, Tableware, Kitchen Appliances, Bathroom Essentials, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Oct 2021
False Hair Products Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Hair Extension, Hair Wig, and Hair Pieces), Material (Human Hair and Synthetic Hair), End User (Men, Women, and Kids), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Oct 2021
Mosquito Traps Market
Forecast to 2030 - Global Analysis by Product Type (Electric Shock Mosquito Killer, Photocatalytic Mosquito Killer, and Sticky Trap Mosquito Killer), Category (Outdoor and Indoor), Distribution Channel [Direct Sales (Direct Offline Sales and Direct Online Sales) and Retail Sales (Supermarkets & Hypermarkets, Specialty Stores, Online Retail, and Others)]
Oct 2021
Wicket Mailer Envelopes and Bags Market
Forecast to 2028 - COVID-19 Impact and Global Analysis By Material Type {Plastic [Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), and Others] and Paper}, Product Type (Poly Wicket Bags, Paper Wicket Bags, Poly Wicket Mailers, and Paper Wicket Mailers), and End Use (Banking & Financial Services, Courier & Logistics, Retail, and Others)