The Tennis Market is continuously growing in the global scenario at a significant pace. Tennis is a racket sport that can be played individually against a single opponent or between two teams of two-player each. Each player uses rackets that are strung with a cord to strike a hollow rubber ball. For playing tennis various apparel are worn which includes shorts, skirts, tracks, headgear, and jackets. The increasing number of tennis tournaments and the growing popularity among adults & children are the substantial driving factors of the market during the forecast period. Moreover, the growing market for children’s tennis apparel is the major factor that likely to create lucrative opportunities in the near future. Additionally, the game offers several health benefits such as improve aerobic capacities, lowering resting heart rate, lowering body fat, improving muscle tone, strength and flexibility, and so on. These benefits also aiding the growth of tennis across the globe. However, high costs associated with the products and lack of or inadequate infrastructure is the factor that limits the market growth during the forecast period.
Global Tennis Market valued at approximately USD 459.30 million in 2020 is anticipated to grow with a healthy growth rate of more than 2.44% over the forecast period 2021-2027 and is estimated to reach USD 530.45 million by 2027.
The regional analysis of the Global Tennis Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share due to growing interest among people towards tennis and an increasing number of professional players in the region. Europe is estimated to grow at a significant growth rate in the global Tennis market over the upcoming years. Asia-Pacific is anticipated to exhibit a higher growth rate / CAGR over the forecast period 2021-2027 owing to the growing popularity in developing economies such as India and China.
The major market players included in this report are Adidas, Fila, Nike, Puma, Under Armour, Amer Sports, ASICS, Babolat, DUC, Little Miss Tennis, Loriet, Lotto Sport Italia, Prince Sports, Solinco, and Tecnifibre.
The detailed segments and sub-segment of the market are explained below:
By Product Type: Apparel, Footwear
By Distribution Channel: Online, Offline
By End-User: Men, Women
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