The scope of our recent study on the "Tennis Racquet Market Forecast to 2031 -Global Analysis - by End User, Material, Distribution Channel, and Geography" includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.
The tennis racquet market size was valued at US$ 481.36 million in 2023 and is expected to reach US$ 708.86 million by 2031; it is estimated to register a CAGR of 5.0% from 2023 to 2031. The tennis racquet market has experienced significant growth and evolution over the years, driven by technological advancements, changing consumer preferences, and the rising popularity of tennis worldwide. With a diverse range of players, from beginners to professionals, the market caters to various skill levels and playing styles. Manufacturers continually innovate to enhance racquet performance, incorporating materials such as graphite, carbon fiber, and advanced composites to improve power, control, and maneuverability. Customization options, including grip size, weight distribution, and string tension, allow players to tailor their racquets to suit their individual needs and playing preferences. As the sport continues gaining traction globally, particularly in emerging markets, the tennis racquet market is poised for further expansion, presenting opportunities for established brands and new entrants to capitalize on the growing demand for high-quality equipment. Moreover, sustainability and eco-consciousness are becoming increasingly important factors influencing consumer purchasing decisions, prompting manufacturers to explore more environmentally friendly materials and production processes. The global tennis racquet market size is likely to upsurge by 2030 owing to the adoption of eco-friendly material for tennis racquets. From most tennis consumers ' viewpoint, the life cycle of a tennis racket is just from purchasing a brand-new racket to tossing away a worn-out racquet. However, the life cycle of a racquet is beyond that when environmental impacts are considered, i.e., from obtaining raw materials to decomposing the racquet.
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 in matured economies including Germany, France, and the US. It exhibits certain advantages such as increasing aerobic activities, lowering resting heart rate and blood pressure, improving metabolic function, and increasing bone density. In addition, cardio tennis has gained remarkable popularity among all age groups. It is a group activity that includes a high-energy workout, including warm-ups and cardio workouts to burn calories healthily. Cardio tennis follows the positive trends in group exercise and fitness. Thus, the preference for tennis as a recreational sport is contributing to the growing tennis racquet market size. Additionally, the tennis racquet market trends include new product innovations.