South & Central America 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)
The South & Central America tennis racquet market was valued at US$ 17.61 million in 2023 and is expected to reach US$ 27.08 million by 2031; it is estimated to register a CAGR of 5.5% from 2023 to 2031.
Adoption of Eco-Friendly Material for Tennis Racquets Fuels South & Central America Tennis Racquet Market
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 - from obtaining raw materials to decomposing the racquet. Assessing the life cycle of the tennis racquet opens another standpoint for consumers, especially looking into the materials needed to make, transport, distribute, and recycle a tennis racquet, which indicates the impact of a single tennis racquet on the environment. In February 2022, the Public Environmental Center for Sustainable Development (PECSD) found that over 90% of the one-and-a-half tons of waste collected are plastic bottles, cups, bags, stirrers, utensils, sunscreen wrappers, belts, toys, and even tennis racquets. Hence, manufacturers are adopting advanced technologies in manufacturing tennis racquets to minimize tennis racquet waste and encourage players to adopt eco-friendly tennis racquets. For instance, on April 22, 2022, Wilson Sporting Goods announced the launch of their eco-friendly tennis racquet series in celebration of Earth Day. The eco-conscious collection, including three performance rackets, features bio-based and recycled material from Agiplast technology by Arkema and waterborne paints from Sherwin Williams, eventually decreasing the footprint of each racket produced. On the other hand, in May 2023, Luxilon released the first 100%-recycled string used in tennis racquets. Luxilon Eco Power is a performance tennis string innovated from entirely recycled materials composed of old plastic bottles, and the minimalist packaging also trims down on the amount of paper used to lower waste. Therefore, the presence of tennis brands, such as Yonex Co., Ltd., and Wilson Sporting Goods worldwide, operating in the South & Central America tennis racquet market, has elevated sustainability efforts. All these factors are likely to provide lucrative opportunities for South & Central America the tennis racquet market during the forecast period.
South & Central America Tennis Racquet Market Overview
The South & Central America region includes Brazil, Argentina, and the Rest of South and Central America. Tennis is becoming more popular in the region as people become more conscious of the importance of a healthy lifestyle. There are increasing tennis events in the region. Several factors are attributed to the positive trends in the tennis industry, including tennis being the ideal social-distancing sport, health benefits, etc. Thus, creating demand for tennis equipment, including tennis racquets, in the region. In May 2022, The Association of Tennis Professionals (ATP) and the Confederation of South American Tennis (COSAT) announced that Rio de Janeiro, Brazil, will host the first-ever ATP Challenger Tour workshop in South America from 14-15 July 2022. The forum encourages open dialogue between tournaments, federations, and ATP staff to enhance the region's existing structure and provide new growth strategies in the South & Central America tennis industry. The region also focuses on providing more opportunities to the players and inspiring younger players to pick up a racquet and give them the incentive to play sports at a large scale. All such factors support the region's tennis racquet market growth.
South & Central America Tennis Racquet Market Revenue and Forecast to 2031 (US$ Million)
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South & Central America Tennis Racquet Market Segmentation
The South & Central America tennis racquet market is segmented into end user, material, distribution channel, and country.
Based on end user, the South & Central America tennis racquet market is bifurcated into adults and kids. The adults segment held a larger market share in 2023. Furthermore, the adults segment is sub segmented into men and women.
In terms of material, the South & Central America tennis racquet market is categorized into graphite, titanium, carbon fiber, and others. The carbon fiber segment held the largest market share in 2023.
By distribution channel, the South & Central America tennis racquet market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. The supermarkets & hypermarkets segment held the largest market share in 2023.
By country, the South & Central America tennis racquet market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America tennis racquet market share in 2023.
YONEX Co Ltd, Sumitomo Rubber Industries Ltd, HEAD, GAMMA Sports, PACIFIC Holding GmbH, Maus Freres SA, Babolat, Wilson Sporting Goods, and Authentic Brands Group LLC are some of the leading companies operating in the South & Central America tennis racquet market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Tennis Racquet Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 South & Central America PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Use
5. South & Central America Tennis Racquet Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Adoption of Tennis as Recreational Sport in Young Population
5.1.2 Rising Government Support to Sports
5.2 Market Restraints
5.2.1 High Expenses Related to Tennis
5.3 Market Opportunities
5.3.1 Adoption of Eco-Friendly Material For Tennis Racquets
5.4 Future Trends
5.4.1 New Product Innovations
5.5 Impact of Drivers and Restraints:
6. Tennis Racquet Market – South & Central America Analysis
6.1 South & Central America Tennis Racquet Market Overview
6.2 Tennis Racquet Market Volume (Thousand Units), 2020–2031
6.3 Tennis Racquet Market Volume Forecast and Analysis (Thousand Units)
6.4 Tennis Racquet Market Revenue (US$ Million), 2020–2031
6.5 Tennis Racquet Market Forecast and Analysis
7. Tennis Racquet Market Volume and Revenue Analysis – by End User
7.1 Adults
7.1.1 Overview
7.1.2 Adults: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
7.1.3 Adults: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Men
7.2.1 Men: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
7.2.2 Men: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Women
7.3.1 Women: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
7.3.2 Women: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Kids
7.4.1 Overview
7.4.2 Kids: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
7.4.3 Kids: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
8. South & Central America Tennis Racquet Market Volume and Revenue Analysis – by Material
8.1 Graphite
8.1.1 Overview
8.1.2 Graphite: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
8.1.3 Graphite: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Titanium
8.2.1 Overview
8.2.2 Titanium: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
8.2.3 Titanium: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Carbon Fiber
8.3.1 Overview
8.3.2 Carbon Fiber: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
8.3.3 Carbon Fiber: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
8.4.3 Others: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
9. South & Central America Tennis Racquet Market Volume and Revenue Analysis – by Distribution Channel
9.1 Supermarkets & Hypermarkets
9.1.1 Overview
9.1.2 Supermarkets & Hypermarkets: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
9.1.3 Supermarkets & Hypermarkets: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Specialty Stores
9.2.1 Overview
9.2.2 Specialty Stores: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
9.2.3 Specialty Stores: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Online Retail
9.3.1 Overview
9.3.2 Online Retail: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
9.3.3 Online Retail: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
9.4.3 Others: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
10. South & Central America Tennis Racquet Market – Country Analysis
10.1 South & Central America
10.1.1 South & Central America Tennis Racquet Market Revenue and Forecast and Analysis – by Country
10.1.1.1 South & Central America Tennis Racquet Market Volume and Forecast and Analysis – by Country
10.1.1.2 South & Central America Tennis Racquet Market Revenue and Forecast and Analysis – by Country
10.1.1.3 Brazil Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.3.1 Brazil Tennis Racquet Market Breakdown by End User
10.1.1.3.2 Brazil Tennis Racquet Market Breakdown by Material
10.1.1.3.3 Brazil Tennis Racquet Market Breakdown by Distribution Channel
10.1.1.4 Argentina Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.4.1 Argentina Tennis Racquet Market Breakdown by End User
10.1.1.4.2 Argentina Tennis Racquet Market Breakdown by Material
10.1.1.4.3 Argentina Tennis Racquet Market Breakdown by Distribution Channel
10.1.1.5 Rest of South & Central America Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.5.1 Rest of South & Central America Tennis Racquet Market Breakdown by End User
10.1.1.5.2 Rest of South & Central America Tennis Racquet Market Breakdown by Material
10.1.1.5.3 Rest of South & Central America Tennis Racquet Market Breakdown by Distribution Channel
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profiles
13.1 YONEX Co., Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Sumitomo Rubber Industries Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 HEAD
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 GAMMA Sports
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 PACIFIC Holding GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Maus Frères SA
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Babolat
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Wilson Sporting Goods
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Authentic Brands Group LLC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
List of Tables
Table 1. South & Central America Tennis Racquet Market Segmentation
Table 2. Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Table 3. Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by End User
Table 5. Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 6. Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by Material
Table 7. Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 8. Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by Distribution Channel
Table 9. Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by Distribution Channel
Table 10. South & Central America Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by Country
Table 11. South & Central America Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 12. Brazil Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by End User
Table 13. Brazil Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 14. Brazil Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by Material
Table 15. Brazil Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 16. Brazil Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by Distribution Channel
Table 17. Brazil Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by Distribution Channel
Table 18. Argentina Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by End User
Table 19. Argentina Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 20. Argentina Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by Material
Table 21. Argentina Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 22. Argentina Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by Distribution Channel
Table 23. Argentina Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by Distribution Channel
Table 24. Rest of South & Central America Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by End User
Table 25. Rest of South & Central America Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 26. Rest of South & Central America Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by Material
Table 27. Rest of South & Central America Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 28. Rest of South & Central America Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units) – by Distribution Channel
Table 29. Rest of South & Central America Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million) – by Distribution Channel
List of Figures
Figure 1. South & Central America Tennis Racquet Market Segmentation, by Country
Figure 2. South & Central America – PEST Analysis
Figure 3. Ecosystem: Tennis Racquet Market
Figure 4. Tennis Racquet Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Tennis Racquet Market Volume (Thousand Units), 2020–2031
Figure 7. Tennis Racquet Market Revenue (US$ Million), 2020–2031
Figure 8. Tennis Racquet Market Share (%) – End User, 2023 and 2031
Figure 9. Adults: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Figure 10. Adults: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Men: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Figure 12. Men: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Women: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Figure 14. Women: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Kids: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Figure 16. Kids: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Tennis Racquet Market Share (%) – Material, 2023 and 2031
Figure 18. Graphite: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Figure 19. Graphite: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Titanium: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Figure 21. Titanium: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Carbon Fiber: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Figure 23. Carbon Fiber: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Others: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Figure 25. Others: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. Tennis Racquet Market Share (%) – Distribution Channel, 2023 and 2031
Figure 27. Supermarkets & Hypermarkets: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Figure 28. Supermarkets & Hypermarkets: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 29. Specialty Stores: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Figure 30. Specialty Stores: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 31. Online Retail: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Figure 32. Online Retail: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 33. Others: Tennis Racquet Market – Volume and Forecast to 2031 (Thousand Units)
Figure 34. Others: Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 35. South & Central America Tennis Racquet Market, by Key Country – Revenue (2023) (US$ Million)
Figure 36. South & Central America Tennis Racquet Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 37. Brazil Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 38. Argentina Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 39. Rest of South & Central America Tennis Racquet Market – Revenue and Forecast to 2031 (US$ Million)
Figure 40. Heat Map Analysis by Key Players
Figure 41. Company Positioning & Concentration
- YONEX Co Ltd
- Sumitomo Rubber Industries Ltd
- HEAD
- GAMMA Sports
- PACIFIC Holding GmbH
- Maus Freres SA
- Babolat
- Wilson Sporting Goods
- Authentic Brands Group LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America tennis racquet market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the South & Central America tennis racquet market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America tennis racquet market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.