- 24 June 2019 17:12
Tennis Market Business Expansions In 2019 With CAGR Of 2.04% and Economic Impact 2028
New York, Jun 24, 2019: There are various types of tennis available on the basis of material such as Graphite, Boron and Kevlar and Aluminum. Among these types, Graphite tennis is most preferred currently. Different grades of graphite are used in making tennis, which is a light-weight material derived from carbon. Generally, frames of tennis are being made of 100% graphite or a composite of graphite. Graphite frames made of 100% graphite tend to offer comparatively stiffer feel, which makes them more suitable for professional players, who tend to hit with force. On the other hand, frames made composite graphite are little extra flexible and transmit few vibrations, which are suitable for players at the beginning stage who tend to hit in the wrong direction or in an incorrect way.
Boron and Kevlar material tennis are more or less similar to pure or composite graphite-based tennis. The main difference between Boron and Kevlar, and Graphite tennis is that Boron and Kevlar tennis are lighter and comparatively stiffer, and transmit vibrations readily. Boron and Kevlar frames are highly durable but less forgiving when compared to graphite and aluminum tennis. Beginners who have not mastered the game may find Boron or Kevlar frames difficult to handle or control and will feel it harder on the arm. Some of the other materials used include copper, fiberglass, tungsten, and titanium.
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The worldwide market for tennis is expected to grow at a moderate CAGR of around 2.4% over the forecast period and will be valued at US$ 631.2 Mn in 2028, from US$ 496.4 Mn in 2018.
By application, the market is divided into Professional Tennis Players, Adult Tennis Enthusiasts, and Junior Tennis Enthusiasts. Demand for tennis is highest among the professional tennis players, as they need excellent quality tennis for playing at state or international tournaments and cannot afford to lose any of the matches.
Based on regions, the market has been analyzed across North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these regions, individuals in North America are observed to be comparatively more inclined towards tennis, which is resulting in high revenue growth opportunities for players operating this region. This can be attributed to increasing number of international level and professional players and rising awareness about the benefits of tennis among individuals who are inclined towards cardio fitness in countries n the region.
Some of the key players profiled in the global tennis market report include Wilson, Head, Babolat, Dunlop, Yonex, Prince, Tecnifibre, Slazenger, Teloon, ProKennex, Qiangli, Gamma, Volkl, Pacific, Bonny and Solinco.
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