Increased use of Nanomaterials Emerging as a Key Trend in the Global Tennis Equipment Market, Says Technavio

LONDON--()--According to the latest market research report by Technavio, the global tennis equipment market is expected to reach 1.37 billion in revenue by 2020.

This research report titled ‘Global Tennis Equipment Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. To calculate the market size, the report considers the sales revenue of different types of tennis equipment.

Based on product type, the market is segmented into the following:

  • Tennis rackets
  • Tennis balls
  • Other tennis equipment (strings, accessories, grips, bags, and shoes)

“Modern lightweight sports equipment is preferred by consumers, particularly professional athletes, as it allows for better performance due to its excellent stiffness and high strength. Lightweight sports equipment provides users with more flexibility, as it is easier to control body movements with such products. Therefore, the demand for lightweight sports equipment is increasing, and is expected to contribute to the revenue and aid in market growth during the forecast period,” said Chandrakumar Badala Jaganathan, one of Technavio’s lead industry analysts for outdoor gear research.

Global tennis equipment market by products 2015 (%share)

 

•Americas

48.52%

•Europe

26.49%

•APAC

18.21%

•MEA

6.78%

Source: Technavio research

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Global tennis rackets market

The global tennis rackets market was valued at USD 469 million in 2015. Based on the raw materials used, the global tennis rackets market is segmented into different categories. The carbon fiber segment accounted for 60.3% of the global tennis racket market in 2015. Carbon fiber, or graphite, is the primary raw material used for manufacturing tennis rackets worldwide. Carbon fiber has a diameter of approximately 5-10 μm and are usually mixed with other compounds such as tungsten or titanium to manufacture tennis rackets. The rackets made of graphite are lightweight and rigid. This improves the stability and performance of players. The aluminum segment accounted for 39.7% of the global tennis racket market in 2015. Aluminum is usually used for manufacturing rackets for amateur players or beginners and for recreational purposes as they are more durable, sturdy, and much heavier. In addition, they are cheaper than graphite rackets, and thus are usually purchased by occasional and seasonal players.

Global tennis balls market

The global tennis balls market was valued at USD 423.8 million in 2015. The global tennis balls market accounted for the second-highest share of the global tennis equipment market, and Technavio researchers expect it to grow at the fastest rate during the forecast period. The major reason for this is the product's high replacement cycle.

Tennis balls are normally fluorescent yellow in color, although the International Tennis Federation (ITF) approves of both yellow and white colors. In the case of professional tennis, the optic yellow ball is used, due to the color being much more visible on a TV screen. Dunlop, GAMMA Sports, and Wilson Sporting Goods are the most popular manufacturers of tennis balls.

Global other tennis equipment market

The global other tennis equipment market was valued at USD 317.3 million in 2015. Based on retail format, the overall global tennis equipment market is segmented into specialty and sports shops, department and discount stores, online retail, and others.

Large specialty and sports shops offer popular brands of tennis equipment, making these shops attractive to consumers. The specialty and sports shops segment dominated the global tennis equipment market with a share of 46.32% in 2015. This was followed by sales through department and discount stores, which accounted for 23.57% of global tennis equipment sales.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

According to the latest market research report by Technavio, the global tennis equipment market is expected to reach 1.37 billion in revenue by 2020.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com