Global Tennis Strings Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Tennis Strings Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global tennis strings market has been segmented on the basis of product type, application, as well as regions and countries.
In the sport of tennis, the strings form the woven network inside the head (or ‘hoop’) of the racquet, and it is this portion that makes contact with a tennis ball. They are most commonly made of many filaments of nylon, but can incorporate other materials such as polyurethane, Zyex, Vectran, and Kevlar, among other materials.
The increasing adoption of outdoor leisure activities by individuals across the world, especially in recent years, as well as the growing popularity of tennis tournaments/events and the increasing number of tennis associations are some of the primary factors that are expected to fuel the revenue growth of the global tennis strings market in the foreseeable future.
Moreover, the increasing number of promotional activities of youth tennis and cardio tennis, as well as an extra-curricular activity in schools and colleges, to widening this sport’s global footprint is also a factor that is slated to contribute to the future market growth of this industry.
However, in light of the recent COVID-19 outbreak, the operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global tennis strings industry is no different. This factor is expected to have a detrimental impact on the global tennis strings market in the years to come. Moreover, the sport of tennis is not as readily adopted in several eastern regions of the world when compared to their western counterparts, and this is a factor that may also restrain future revenue growth of the global tennis strings industry.
Nonetheless, owing to the steady rise in disposable incomes across the world, as well as the growing awareness concerning the importance of fitness and staying healthy among individuals are factors that are anticipated to have a positive influence on the revenue growth of the global tennis strings market over the next 10 years.
Segmentation of the global tennis strings market is as follows:
In terms of product type, the nylon strings segment accounted for the highest number of revenue shares of the global tennis strings market in 2020, and is slated to remain the front-runner in this market, indexing the highest CAGR, over the next 10 years. The natural gut strings segment accounted for the second-highest number of revenue shares in 2020, and is expected to continue doing so over the forecast period.
With respect to application, the training application segment accounted for the majority revenue shares of the global tennis strings market in 2020, and is anticipated to remain the front-runner for the remainder of this forecast period. The competition application segment accounted for the second-most number of revenue shares in 2020, and is indicative of continuing to do so over the next 10 years.
Regional Segmentation and Analysis:
The markets in North America accounted for the highest number of revenue shares of the global tennis strings market in 2020, and is anticipated to index the highest CAGR over the next 10 years. The markets in Europe accounted for the second-most number of revenue shares in 2020, and is indicative of continuing to do the same over the forecast period.
Segmentation of the Global Tennis Strings Market:
Segmentation by Product Type:
- Natural Gut Strings
- Nylon Strings
- Kevlar Strings
- PET Strings
- Manmade Gut Strings
Segmentation by Application:
Segmentation by Regions:
- North America
- South America
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- BABOLAT VS S.A
- Head B.V.
- Luxilon Industries
- YONEX Co. Ltd.
- Amer Sports Corporation
- Ashaway Line & Twine Mfg. Co.
- Sumitomo Rubber Industries Ltd.
- Newell Brands Inc.
- Lanxess AG
- Fischer Sports GmbH
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