Report : Middle East & Africa Tennis Racquet Market Forecast to 2031 – Regional Analysis – by End User [Adults (Men and Women) and Kids], Material (Graphite, Titanium, Carbon Fiber, and Others), and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Retail, and Others)
At 4.0% CAGR, Middle East & Africa Tennis Racquet Market is Projected to be worth US$ 25.36 million by 2031, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa tennis racquet market was valued at US$ 18.59 million in 2023 and is expected to reach US$ 25.36 million by 2031, registering a CAGR of 4.0% from 2023 to 2031. Adoption of tennis as recreational sport in young population and rising government support to sports are among the critical factors attributed to drive the Middle East & Africa tennis racquet market growth.
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. 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. 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 Middle East & Africa tennis racquet market over the forecast period.
On the contrary, high expenses related to tennis hamper the growth of Middle East & Africa tennis racquet market.
Based on end user, the Middle East & Africa tennis racquet market is bifurcated into adults and kids. The adults segment held a larger market share in 2023. The adults segment held 82.0% market share in 2023, amassing US$ 15.24 million. It is projected to garner US$ 20.98 million by 2031 to register 4.1% CAGR during 2023–2031. Furthermore, the adults segment is sub segmented into men and women.
In terms of material, the Middle East & Africa tennis racquet market is categorized into graphite, titanium, carbon fiber, and others. The carbon fiber segment held 45.8% share of Middle East & Africa tennis racquet market in 2023, amassing US$ 8.51 million. It is anticipated to garner US$ 12.05 million by 2031 to expand at 4.5% CAGR during 2023–2031.
By distribution channel, the Middle East & Africa tennis racquet market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. The supermarkets & hypermarkets segment held 41.0% share of Middle East & Africa tennis racquet market in 2023, amassing US$ 7.62 million. It is projected to garner US$ 10.76 million by 2031 to expand at 4.4% CAGR from 2023 to 2031.
Based on country, the Middle East & Africa tennis racquet market is categorized into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 46.8% share of Middle East & Africa tennis racquet market in 2023. It was assessed at US$ 8.70 million in 2023 and is likely to hit US$ 11.62 million by 2031, registering a CAGR of 3.7% during 2023–2031.
Key players operating in the Middle East & Africa tennis racquet market are YONEX Co Ltd, Sumitomo Rubber Industries Ltd, Babolat, Wilson Sporting Goods, and Authentic Brands Group LLC, among others.
- In August 2021, Yonex Co., Ltd. has launched the new VCORE PRO tennis racquet. The company has developed this product for players looking to gain control over all aspects of ball movement.
- In January 2021, The DUNLOP brand of Sumitomo Rubber Industries, Ltd. launched a new CX Series range of control rackets. This new range has been designed to give players complete control over their spin, power, and accuracy.
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