Asia Pacific Tennis Racquet Market Forecast to 2028

Asia Pacific Tennis Racquet Market Forecast to 2028 – Regional Analysis – By End User (Adults and Kids) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

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The Asia Pacific tennis racquet market is expected to grow from US$ 107.50 million in 2023 to US$ 148.09 million by 2030. It is estimated to grow at a CAGR of 4.7% from 2023 to 2030.

Adoption of Eco-Friendly Material for Tennis Racquets Fuels Asia Pacific Tennis Racquets 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., HEAD, and Wilson Sporting Goods worldwide, operating in the Asia Pacific tennis racquet market, has elevated sustainability efforts. All these factors are likely to provide lucrative opportunities for the tennis racquet market during the forecast period.

Asia Pacific Tennis Racquet Market Overview

The Asia Pacific region comprises Australia, China, India, Japan, South Korea, and other countries. Asia Pacific region has the most tennis participants due to many players from countries like China and India. According to Physical Activity Council (PAC) study, for the Asian Pacific Islander community, participation increased by 37% during the last three years (2019-2021), with 2.4 million people of the region playing tennis in 2022. With the growing number of tennis players, the Asia Pacific region offers massive opportunities for the growth of the tennis racquet market.

Singapore, another country from the Asia Pacific, is becoming the sports hub and adopting strategies to promote women’s tennis within the region. Indonesia and Malaysia have already seen considerable increases in children engaging in the Junior Tennis Initiative (JTI) program. Moreover, interest in tennis in various Asia Pacific countries such as China, Japan, India, and Thailand, has been helped by the success of top professional tennis players in the country. These players have sparked an increased interest in tennis among people from the region. Additionally, governments from Asia Pacific countries encourage the younger generation into the game by implementing favorable policies. The government of India has implemented Khelo India-National Program to develop and grow sports activities in the country. In addition, on December 27, 2022, the Association of Tennis Professionals (ATP) Tour and PacificPine Sports (a leading sports training and management company in China) partnered to create officially licensed ‘Tennis Development Centers’ in China & Hong Kong. The multi-year partnership, which begins in 2023, would provide a lucrative opportunity for the ATP to engage with junior tennis players and young fans across the region. Such policies from the governments and strategic partnership initiatives by the Asia Pacific tennis associations are expected to promote sports activities across the region, providing growth opportunities for the tennis racquet market.

Asia Pacific Tennis Racquet Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Tennis Racquet Market Segmentation

The Asia Pacific tennis racquet market is segmented into distribution channel, end user, and country.

Based on distribution channel, the Asia Pacific tennis racquet market is segmented into supermarkets & hypermarkets, specialty store, online retail, and others. The supermarkets & hypermarkets segment held a largest share of the Asia Pacific tennis racquet market in 2023.

Based on end user, the Asia Pacific tennis racquet market is segmented into adults and kids. The adults segment held the larger share of the Asia Pacific tennis racquet market in 2023.

Based on country, the Asia Pacific tennis racquet market is segmented into the Australia, China, India, Japan, South Korea, and Rest of Asia Pacific. China dominated the Asia Pacific tennis racquet market in 2023.

YONEX Co., Ltd.; Sumitomo Rubber Industries Ltd; HEAD; Babolat; Wilson Sporting Goods; GAMMA Sports; PACIFIC Holding GmbH; Maus Frères SA; Authentic Brands Group LLC; and Freewill Infrastructures Pvt. Ltd. are some of the leading companies operating in the Asia Pacific tennis racquets market.

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At 4.7% CAGR, the Asia Pacific Tennis Racquet Market is speculated to be worth US$ 148.09 million by 2030, saysthe research team

According tothe research team’ research, the Asia Pacific tennis racquet market was valued at US$ 107.50 million in 2023 and is expected to reach US$ 148.09 million by 2028, registering a CAGR of 4.7% from 2023 to 2028. Adoption of tennis as recreational sport in young population and rising government support to sports are the critical factors attributed to Asia Pacific tennis racquet market expansion.

The rising commitment of governments to sports has opened up new opportunities for sports such as tennis as opposed to earlier times when tennis was generally played only during Wimbledon in Europe. However, now, tennis has been widely played during numerous other events such as Commonwealth Games and Olympics. In addition to this, local governments continue to build additional facilities, including tennis courts., children’s parks, and outdoor fitness areas within public spaces. Local governments of important cities are working to promote sports traditionally played only by the elite, such as tennis. Nowadays, tennis equipment such as racquets frames that had been of a standard size and shape and constructed primarily of laminated wood were suddenly manufactured in a varied choice of shapes, sizes, and materials, the most substantial milestones being the introduction of metal frames. Sports associations and governments have been at the forefront of developments over the last few years. Efforts for rising sports participation, concentrating on tennis, have been highly observed in countries such as the China and India. Investments have been carried out for the advancement of tennis by China Tennis. All such factors are expected to propel the tennis racquet market growth over the forecast period.

On the contrary, high expenses related to tennis hampers the Asia Pacific tennis racquet market.

Based on distribution channel, the Asia Pacific tennis racquet market is segmented into supermarkets & hypermarkets, specialty stores, online stores, and others. The supermarkets & hypermarkets segment held 36.4% share of Asia Pacific tennis racquet market in 2023, amassing US$ 39.17 million. It is projected to garner US$ 55.24 million by 2030 to expand at 5.0% CAGR during 2023–2030.

Based on end-user, the Asia Pacific tennis racquet market is segmented into adults and kids. The adults segment held 93.0% share of Asia Pacific tennis racquet market in 2023, amassing US$ 100.00 million. It is projected to garner US$ 138.76 million by 2030 to expand at 4.8% CAGR during 2023–2030.

Based on country, the Asia Pacific tennis racquet market has been categorized into the Australia, China, India, Japan, South Korea, and Rest of Asia Pacific. Our regional analysis states that the China captured 34.8% share of Asia Pacific tennis racquet market in 2023. It was assessed at US$ 37.43 million in 2023 and is likely to hit US$ 50.39 million by 2028, exhibiting a CAGR of 4.3% during the forecast period.

Key players operating in the Asia Pacific Tennis Racquet Market are YONEX Co., Ltd.; Sumitomo Rubber Industries Ltd; HEAD; Babolat; Wilson Sporting Goods; GAMMA Sports; PACIFIC Holding GmbH; Maus Frères SA; Authentic Brands Group LLC; and Freewill Infrastructures Pvt. Ltd. among others.

In April 2023, Yonex Co., Ltd. launched a tennis racquet of 7th-Generation VCORE: The Art of Spin.’ In October 2023, HEAD launched the ‘BOOM’ tennis racquet.

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TABLE OF CONTENTS

1. Introduction
1.1 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 Adult Diaper Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
5. South & Central America Adult Diaper Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Share of Aging Population
5.1.2 Increasing Awareness and Acceptance of Incontinence Products
5.2 Market Restraints
5.2.1 Stigma and Social Taboos Associated with Incontinence and the Use of Adult Diapers
5.3 Market Opportunities
5.3.1 Penetration of the E-Commerce Industry
5.4 Future Trends
5.4.1 Strategic Product Innovations and Launches by Major Market Players
5.5 Impact of Drivers and Restraints:
6. Adult Diaper Market – South & Central America Market Analysis
6.1 South & Central America Adult Diaper Market Revenue (US$ Million), 2022 – 2030
6.2 Adult Diaper Market Forecast and Analysis
7. South & Central America Adult Diaper Market Analysis – Product Type
7.1 South & Central America Adult Diaper Market Share
7.2 Pull-Up Diapers
7.2.1 Overview
7.2.2 Pull-Up Diapers Market Revenue and Forecast to 2030 (US$ Million)
7.3 Tape on Diapers
7.3.1 Overview
7.3.2 Tape on Diapers Market Revenue and Forecast to 2030 (US$ Million)
7.4 Pad Style
7.4.1 Overview
7.4.2 Pad Style Market Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Adult Diaper Market Analysis – Category
8.1 South & Central America Adult Diaper Market Share
8.2 Men
8.2.1 Overview
8.2.2 Men Market Revenue and Forecast to 2030 (US$ Million)
8.3 Women
8.3.1 Overview
8.3.2 Women Market Revenue and Forecast to 2030 (US$ Million)
8.4 Unisex
8.4.1 Overview
8.4.2 Unisex Market Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Adult Diaper Market Analysis – End-User
9.1 South & Central America Adult Diaper Market Share
9.2 Residential
9.2.1 Overview
9.2.2 Residential Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Hospitals and Clinics
9.3.1 Overview
9.3.2 Hospitals and Clinics Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. South & Central America Adult Diaper Market – Country Analysis
10.1 South & Central America
10.1.1 South & Central America Adult Diaper Market Overview
10.1.2 South & Central America Adult Diaper Market Revenue and Forecasts and Analysis – By Countries
10.1.2.1 South & Central America Adult Diaper Market Breakdown by Country
10.1.2.2 Brazil Adult Diaper Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.2.1 Brazil Adult Diaper Market Breakdown by Product Type
10.1.2.2.2 Brazil Adult Diaper Market Breakdown by Category
10.1.2.2.3 Brazil Adult Diaper Market Breakdown by End-User
10.1.2.3 Argentina Adult Diaper Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.3.1 Argentina Adult Diaper Market Breakdown by Product Type
10.1.2.3.2 Argentina Adult Diaper Market Breakdown by Category
10.1.2.3.3 Argentina Adult Diaper Market Breakdown by End-User
10.1.2.4 Rest of South & Central America Adult Diaper Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.4.1 Rest of South & Central America Adult Diaper Market Breakdown by Product Type
10.1.2.4.2 Rest of South & Central America Adult Diaper Market Breakdown by Category
10.1.2.4.3 Rest of South & Central America Adult Diaper Market Breakdown by End-User
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. South & Central America Adult Diaper Market Industry Landscape
12.1 Overview
12.2 New Product Development
13. Company Profiles
13.1 Nippon Paper Industries 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 Drylock Technologies NV
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 Ontex BV
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 Kimberly-Clark Corp
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 Essity AB
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 Paul Hartmann AG
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 Abena AS
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
14. Appendix

LIST OF TABLES

Table 1. Asia Pacific Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
Table 2. Australia Tennis Racquet Market, by End-User– Revenue and Forecast to 2030 (US$ Million)
Table 3. Australia Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 4. China Tennis Racquet Market, by End-User – Revenue and Forecast to 2030 (US$ Million)
Table 5. China Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 6. India Tennis Racquet Market, by End-User – Revenue and Forecast to 2030 (US$ Million)
Table 7. India Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 8. Japan Tennis Racquet Market, by End-User – Revenue and Forecast to 2030 (US$ Million)
Table 9. Japan Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 10. South Korea Tennis Racquet Market, by End-User – Revenue and Forecast to 2030 (US$ Million)
Table 11. South Korea Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 12. Rest of Asia Pacific Tennis Racquet Market, by End-User – Revenue and Forecast to 2030 (US$ Million)
Table 13. Rest of Asia Pacific Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 14. Glossary of Terms, Asia Pacific Tennis Racquet Market

LIST OF FIGURES

Figure 1. Asia Pacific Tennis Racquet Market Segmentation
Figure 2. Asia Pacific Tennis Racquet Market Segmentation – By Country
Figure 3. Asia Pacific Tennis Racquet Market Overview
Figure 4. Asia Pacific Tennis Racquet Market, By Distribution Channel
Figure 5. Asia Pacific Tennis Racquet Market, by Country
Figure 6. PEST Analysis
Figure 7. Expert Opinion
Figure 8. Asia Pacific Tennis Racquet Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Asia Pacific Tennis Racquet Market Revenue Share, By End-User (2022 and 2030)
Figure 11. Adults: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Kids: Asia Pacific Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Asia Pacific Tennis Racquet Market Revenue Share, By Distribution Channel (2022 and 2030)
Figure 14. Supermarkets and Hypermarkets: Asia Pacific Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Specialty Stores: Asia Pacific Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Asia Pacific Online Retail: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: Asia Pacific Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Asia Pacific Tennis Racquet Market, by Key Country – Revenue (2022) (US$ Million)
Figure 19. Asia Pacific: Tennis Racquet Market Revenue Share, by Key Country (2022 and 2030)
Figure 20. Australia: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
Figure 21. China: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
Figure 22. India: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
Figure 23. Japan: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
Figure 24. South Korea: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
Figure 25. Rest of Asia Pacific: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)

The List of Companies – Asia Pacific Tennis Racquet Market

– Authentic Brand Group LLC
– Babolat
– Freewill Infrastructures Pvt Ltd.
– GAMMA Sports
– HEAD
– Maus Feres SA
– Pacific Holding Gmbh
– Sumitomo Rubber Industries Ltd
– Wilson Sporting Goods
– Yonex Co., Ltd.

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