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.
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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.
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
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. Tennis Racquet Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Expert Opinion
5. SAM Tennis Racquet Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Endorsement of Tennis as Recreational Sport in Young Population
5.1.2 Surge in 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 Breakthroughs
5.5 Impact Analysis of Drivers and Restraints
6. Tennis Racquet – SAM Market Analysis
6.1 Tennis Racquet Market Overview
6.2 Tennis Racquet Market – Revenue Forecasts to 2028 (US$ Million)
7. SAM 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. SAM 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. SAM Tennis Racquet Market – Country Analysis
9.1 Overview
9.1.1 South America: Tennis Racquet Market, by Key Country
9.1.1.1 Brazil: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Tennis Racquet Market, by End User
9.1.1.1.2 Brazil: Tennis Racquet Market, by Distribution Channel
9.1.1.2 Argentina: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Tennis Racquet Market, by End User
9.1.1.2.2 Argentina: Tennis Racquet Market, by Distribution Channel
9.1.1.3 Rest of South America: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South America: Tennis Racquet Market, by End User
9.1.1.3.2 Rest of South America: Tennis Racquet Market, by Distribution Channel
10. Impact of Covid-19 Pandemic on SAM 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 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. SAM Tennis Racquet Market –Revenue Forecast to 2028 (US$ Million)
Table 2. Brazil Tennis Racquet Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 4. Argentina Tennis Racquet Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 6. Rest of South America Tennis Racquet Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 7. Rest of South America 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. SAM Tennis Racquet Market Segmentation
Figure 2. SAM Tennis Racquet Market Segmentation – By Country
Figure 3. SAM Tennis Racquet Market Overview
Figure 4. Adult Segment Held Largest Share of SAM Tennis Racquet Market
Figure 5. Brazil Held Largest Share of SAM Tennis Racquet Market
Figure 6. SAM Tennis Racquet Market, Key Market Players
Figure 7. SAM: PEST Analysis
Figure 8. Expert Opinion
Figure 9. SAM Tennis Racquet Market Impact Analysis of Drivers and Restraints
Figure 10. SAM: Tennis Racquet Market – Revenue Forecast to 2028 (US$ Million)
Figure 11. SAM Tennis Racquet Market Revenue Share, By End User (2020 and 2028)
Figure 12. SAM Adults: Tennis Racquet Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. SAM Kids: Tennis Racquet Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. SAM Tennis Racquet Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 15. SAM Supermarkets and Hypermarkets: Tennis Racquet Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. SAM Specialty Stores: Tennis Racquet Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. SAM Online Retail: Tennis Racquet Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. SAM Others: Tennis Racquet Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. South America: Tennis Racquet Market, by Key Country-Revenue 2020 (US$ Million)
Figure 20. South America: Tennis Racquet Market Revenue Share, by Key Country (2020 and 2028)
Figure 21. Brazil: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million)
Figure 22. Argentina: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. Rest of South America: Tennis Racquet Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic on Tennis Racquet Market in South America
- Amer Sports
- Authentic Brands Group LLC
- Babolat
- GAMMA Sports
- 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.
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