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Report
North America Tennis Racquet Market Forecast to 2030 - Regional Analysis - by End User (Adults and Kids) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
Market Report I 2023-11-20 I 94 Pages I The Insight Partners
The North America tennis racquet market is expected to grow from US$ 139.62 million in 2023 to US$ 181.51 million by 2030. It is estimated to grow at a CAGR of 3.8% from 2023 to 2030.
Adoption of tennis as recreational sport in young population and rising government support to sports fuels the North America tennis racquets market
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, particularly among the elderly population, in matured economies including Germany, France, and the US. 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. On January 12, 2023, The United States Tennis Association (USTA), stated that the number of US tennis participants grew by 1 million players in 2022, with more than 23.6 million playing tennis, and it was the third consecutive year that the sport had seen an increase. As the participants 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.
North America Tennis Racquet Market Overview
The North America region includes the US, Canada, and Mexico. The US and Canada are the most prominent sports nations, with various sports facilities and infrastructure, hosting major sporting events in the countries. Increased awareness about a healthy lifestyle associated with playing tennis is expected to boost the growth of the tennis racquet market during the forecast period. Growing fitness consciousness among all age groups has increased the participation rate of people in sports, which benefits not only the nation's health but also the economy. Additionally, the increased participation of the population in tennis has also been supported due to the increased adoption of tennis as a recreational sport among the youth. According to the United States Tennis Association (USTA), the US tennis participation grew by 1 million players in 2022, with over 23.6 million people playing the sport, for the third consecutive year, and sports participation has increased. In Canada, tennis participation also increased by 1 million players in 2022, according to a report by the Physical Activity Council (PAC), released on March 14, 2023. Hence, the results mentioned above favor the growth of the tennis racquet market.
Further, the rising tennis associations' support across the region has encouraged the players to adopt the tennis racquet. For instance, the United States Tennis Association (USTA) Foundation has contributed over US$ 7 million in support, services and allocated to National Junior Tennis League (NJTL) chapters, which support under-resourced youth through free or low-cost tennis and education programs. Additionally, it awarded over US$ 435,000 in scholarships for 46 student leaders in 2022. Thus, massive support by the associations tends to result in the vast adoption of tennis amongst the population, projected to drive the tennis racquet market growth.
North America Tennis Racquet Market Revenue and Forecast to 2030 (US$ Million)
North America tennis racquet market Segmentation
The North America tennis racquet market is segmented into distribution channel, end user, and country.
Based on distribution channel, the North America tennis racquet market is segmented into supermarkets & hypermarkets, specialty store, online retail, and others. The supermarkets & hypermarkets segment held a largest share of the North America tennis racquet market in 2023.
Based on end user, the North America tennis racquet market is segmented into adults and kids. The adults segment held the larger share of the North America tennis racquet market in 2023.
Based on country, the North America tennis racquet market is segmented into the US, Canada, and Mexico. The US dominated the North America tennis racquet market in 2023.
YONEX Co., Ltd.; Sumitomo Rubber Industries Ltd; HEAD; Babolat; Wilson Sporting Goods; GAMMA Sports; PACIFIC Holding GmbH; Maus Freres SA; and Authentic Brands Group LLC are some of the leading companies operating in the North America tennis racquets market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Tennis Racquet Market, by End-User
1.3.2 Tennis Racquet Market, by Distribution Channel
1.3.3 North America Tennis Racquet Market, by Country
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:
3.2.7 Country level data:
4. North America Tennis Racquet Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.3 Expert Opinion
5. North America Tennis Racquet Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Adoption of Tennis as Recreational Sport in Young Population
5.1.2 Rising Government Support to Sports
5.2 Market Restraints
5.2.1 High Expenses Related to Tennis
5.3 Market Opportunities
5.3.1 Adoption of Eco-Friendly Material for Tennis Racquets
5.4 Future Trends
5.4.1 New Product Innovations
5.5 Impact Analysis
6. North America Tennis Racquet -Market Analysis
6.1 Tennis Racquet Market Overview
6.2 North America Tennis Racquet Market -Revenue and Forecast to 2030 (US$ Million)
7. North America Tennis Racquet Market Analysis - By End-User
7.1 Overview
7.2 North America Tennis Racquet Market, By End-User (2022 and 2030)
7.3 Adults
7.3.1 Overview
7.3.2 Adults: Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Kids
7.4.1 Overview
7.4.2 Kids: Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
8. North America Tennis Racquet Market Analysis - By Distribution Channel
8.1 Overview
8.2 Tennis Racquet Market, By Distribution Channel (2022 and 2030)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
9. North America Tennis Racquet Market Analysis
9.1 Overview: North America Tennis Racquet Market
9.1.1 North America: Tennis Racquet Market, by Key Country
9.1.1.1 US: Tennis Racquet Market -Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.1 US: Tennis Racquet Market, by End-User
9.1.1.1.2 US: Tennis Racquet Market, by Distribution Channel
9.1.1.2 Canada: Tennis Racquet Market-Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Canada: Tennis Racquet Market, by End-User
9.1.1.2.2 Canada: Tennis Racquet Market, by Distribution Channel
9.1.1.3 Mexico: Tennis Racquet Market-Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Mexico: Tennis Racquet Market, by End-User
9.1.1.3.2 Mexico: Tennis Racquet Market, by Distribution Channel
10. Industry Landscape
10.1 Overview
10.2 Expansion
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 YONEX Co., Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Sumitomo Rubber Industries Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 HEAD
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Babolat
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Wilson Sporting Goods
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 GAMMA Sports
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 PACIFIC Holding GmbH
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Maus Freres SA
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Authentic Brands Group LLC
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Tennis Racquet Market -Revenue and Forecast to 2030 (US$ Million)
Table 2. US Tennis Racquet Market, by End-User - Revenue and Forecast to 2030 (US$ Million)
Table 3. US Tennis Racquet Market, by Distribution Channel - Revenue and Forecast to 2030 (US$ Million)
Table 4. Canada: Tennis Racquet Market, by End-User - Revenue and Forecast to 2030 (US$ Million)
Table 5. Canada Tennis Racquet Market, by Distribution Channel - Revenue and Forecast to 2030 (US$ Million)
Table 6. Mexico Tennis Racquet Market, by End-User - Revenue and Forecast to 2030 (US$ Million)
Table 7. Mexico Tennis Racquet Market, by Distribution Channel - Revenue and Forecast to 2030 (US$ Million)
Table 8. Glossary of Terms, North America Tennis Racquet Market
LIST OF FIGURES
Figure 1. North America Tennis Racquet Market Segmentation
Figure 2. North America Tennis Racquet Market Segmentation - By Country
Figure 3. North America Tennis Racquet Market Overview
Figure 4. North America Tennis Racquet Market, By Distribution Channel
Figure 5. North America Tennis Racquet Market, by Country
Figure 6. North America PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America Tennis Racquet Market Impact Analysis of Drivers and Restraints
Figure 9. North America Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
Figure 10. North America Tennis Racquet Market Revenue Share, By End-User (2022 and 2030)
Figure 11. Adults: Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Kids: Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Tennis Racquet Market Revenue Share, By Distribution Channel (2022 and 2030)
Figure 14. Supermarkets and Hypermarkets: Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Specialty Stores: Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Online Retail: Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: Tennis Racquet Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Figure North America: Tennis Racquet Market Revenue, by Key Country (2022 and 2030)
Figure 19. North America: Tennis Racquet Market Revenue Share, by Key Country (2022 and 2030)
Figure 20. US: Tennis Racquet Market -Revenue and Forecast to 2030 (US$ Million)
Figure 21. Canada: Tennis Racquet Market-Revenue and Forecast to 2030 (US$ Million)
Figure 22. Mexico: Tennis Racquet Market-Revenue and Forecast to 2030 (US$ Million)
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