Health and Wellness Awareness in the USA: A Boom for Tennis Equipment Market 2029 | FMI

In the USA, there has been a significant upsurge in health and fitness awareness among the population, driven by the increasing prevalence of obesity and related diseases. This heightened consciousness for fitness has led to a surge in demand for outdoor sports activities, benefiting the popularity of tennis in the nation.

The presence of major Tennis Equipment manufacturers is set to boost the demand for various tennis-related products, including tennis racquets, tennis racquet bags, and other training aids. Moreover, the high spending potential of the US population is expected to drive sales of premium and designer tennis racquet bags and backpacks, catering to the growing demand for quality and stylish sports accessories.

Unlock helpful information about Market – Download your Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-8467

The global tennis equipment market size is expected to account for a valuation of US$ 9 Billion in 2022 and rise at a CAGR of 2.9% to reach an estimated net worth of US$ 10.8 Billion by the end of 2029.

Racquets are expected to contribute the highest revenue share in the global tennis equipment market in 2022. In recent years, increasing number of women participation in sports activities such as tennis has been complementing the growth of the global sports industry, thereby potentially raising the demand for sports equipment.

The number of individual buyers of tennis equipment are likely to increase at rapid pace, owing to growing participation of young and cardio tennis players over the past few years. Additionally, manufacturers are on an innovation spree, as lightweight racquets, such as Head Graphene 360 Radical Lite racket, continue to gain significant tractions, enabling players to swing them faster and generate more topspin on the ball.

Independent sports outlet is estimated to be the leading sales channel in the global tennis equipment market in 2022, due to availability of high quality products at affordable price which is affecting larger competitors in the market.

Want to know more about our latest market report? Ask our analyst today! https://www.futuremarketinsights.com/ask-question/rep-gb-8467

According to FMI’s report, endorsement is one of the key strategies used by tennis equipment manufacturers to drive their sales. Shoes and apparels endorsed by athletes are 60% more likely to get sold as compared to those without any endorsement. Tennis shoes and apparels consumers are also being influenced by brand promotions done by their favorite stars.

Additionally, various manufactures of tennis equipment have shifted their concentration heavily upon the distribution of equipment through online sales channels. It could be evidently seen that a majority of tennis shoe manufactures, such as Adidas, Puma, Yonex and Li Ning, have turned their attention to capture sales of tennis shoes through online channels, such as company’s official e-commerce websites and third-party e-commerce websites.

South & East Asia Remains Prominent Market for Tennis Equipment  

Growing influence of professional tennis among the Asian population is offering a lucrative opportunity for tennis equipment market players in South & East Asia. Additionally, factors such as booming Chinese economy, development of sports infrastructure, and training facilities have created opportunities for various stakeholders in the sports equipment manufacturing ecosystem.

Profound interest of government as well as private sector in sports activities such as tennis has helped to strengthen the image of sports within the developing countries. Transition of casual to core tennis participation is likely to contribute substantial growth to the tennis equipment market. The increasing fitness trend among millennials in the Asia Pacific region is expected to provide an impressive growth to the tennis equipment market during 2022-2029.

Unlock Bespoke Analysis: Request Customized Insights to Fuel Your Success in the Market! https://www.futuremarketinsights.com/customization-available/rep-gb-8467

Rising awareness about protecting our environment and the preference for natural products is expected to promote the growth of biodegradable and eco-friendly tennis products. People are preferring natural gut tennis strings, as an eco-friendlier option. These strings are made from recycled synthetics or alternative materials.

The raw material used in natural gut strings is a by-product of the meat industry, a viable alternative to petroleum-based plastics. Furthermore, people are preferring athletic clothing made from recycled or sustainable materials which is creating a massive opportunity for the growth of the global tennis equipment market during the forecast period.

FMI’s business intelligence also highlights significant insights into the competitive scenario of the tennis equipment market along with manufacturers’ differential strategies. Key players in the tennis equipment market are focusing on new product development and efficiency enhancement to gain brand penetration and loyalty among consumers. For example, in 2018, Amer Sports Corporation’s brand Wilson launched the Iconic John Wooden sneaker.

It features a revolutionary polyurethane sole that is lightweight. This launch was aimed at expanding the company’s product portfolio. According to FMI’s report, companies are also continuously expanding awareness about their products in the market by showcasing them at various events with the objective to increase sales as well as brand penetration in the tennis equipment market.

Key Segments of Tennis Equipment Industry Survey

Tennis Equipment Market by Product Type:

  • Tennis Racquets
  • Tennis Balls
  • Apparel
  • Footwear
  • Ball Machines
  • Tennis Bags
  • Other Accessories

Tennis Equipment Market by Material:

  • Composites
  • Metallic
  • Other Materials

Tennis Equipment Market by Buyer:

  • Tennis Equipment for Individuals
    • Tennis Gear for Beginners
    • Tennis Equipment for Intermediate
    • Advanced
  • Tennis Equipment for Institutional Use

Tennis Equipment Market by Sales Channel:

  • Tennis Equipment in Dedicated Stores
  • Tennis Equipment in Dedicated e-Commerce
  • Tennis Equipment from Specialty Retailers
  • Tennis Equipment in Multi-Brand Stores
  • Tennis Equipment for Online Retailers

Tennis Equipment Market by Region:

  • North America Tennis Equipment Market
  • Latin America Tennis Equipment Market
  • Europe Tennis Equipment Market
  • East Asia Tennis Equipment Market
  • South Asia & Pacific Tennis Equipment Market
  • Middle East & Africa (MEA) Tennis Equipment Market

Read Related Reports@

https://the-resiliency-factor.mn.co/posts/35996208?utm_source=manual

https://network-89217.mn.co/posts/35996207?utm_source=manual

https://primal-dread.mn.co/posts/35996206?utm_source=manual

https://jasa-website.mn.co/posts/35996205?utm_source=manual

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedInTwitterBlogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com

About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these