Wednesday, April 13th, 2016 - ReportsnReports

ReportsnReports.com adds Global Tennis Equipment Market 2016-2020 latest research report, the analysts forecast the global tennis equipment market to grow at a CAGR of 2.51% during the period 2016-2020.

The global tennis equipment market an analyst said vendors are experiencing demand for eco-friendly tennis rackets, and this demand is expected to increase during the forecast period. This will help the tennis equipment market growth until 2020

Rising interest in sports is one of the major factors driving the tennis equipment market. Globally, people are aware of the resultant health benefits of sports. Therefore, there is an increase in the number of participants in sports, including tennis.

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Product-based segmentation of the tennis equipment market Tennis rackets and Tennis balls

In this tennis equipment market, analysts have predicted the tennis balls product segment to be the fast growing market segment during the forecast period. Much of this segment’s high market growth rate can be attributed to the product’s high replacement cycle, which will necessitate the purchase of new tennis balls. Furthermore, the advent of a range of slower balls and smaller court sizes will also aid in the growth of this market segment as it will help to increase the overall popularity of the sport.

Geographical segmentation of the tennis equipment market – Americas, APAC, Europe and MEA

In terms of geography, the Americas will be the largest tennis equipment market during the forecast period. The high popularity of tennis in the Americas will lead to an increase in the demand for tennis equipment during the forecast period. Also, factors such as the recent rise in the number of frequent or regular players and the growing demand for tennis equipment, especially among the young generation, will result in this region’s impressive market share of more than 51% during the predicted period.

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The global tennis equipment market is primarily dominated by leading international players like Amer Sports and Babolat. During the forecast period, the high level of market competition will lead to the advent of many advanced products in the market. Factors such as intense competition, rapid changes in technology, and shifting consumer preferences will pose significant challenges for the vendors in this market.

Key players in the global Tennis Equipment market: Amer Sports, Babolat, HEAD, Tecnifibre, and Yonex.

Other Prominent Vendors in the market are: ASICS, Dunlop Sports Group Americas, Gamma, One Strings, PACIFIC, PowerAngle, Prince Sports, ProKennex, Slazenger, and Solinco.

Further, the tennis equipment market report states that the easy availability of counterfeit products is one of the major challenges, and it could limit the growth of the market considerably.

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Tennis Equipment Market, Tennis Equipment Industry, Global Tennis Equipment Market, Tennis Equipment Market 2016, Market Research Reports

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