Middle East & Africa Tennis Racquet Market Forecast to 2030
Middle East & Africa Tennis Racquet Market Forecast to 2030 – Regional Analysis – End User (Adults and Kids) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
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Description
Adoption of Tennis as Recreational Sport in Young Population
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.
Middle East & Africa Tennis Racquet Market Overview
The Middle East and Africa consists of several growing economies, such as South Africa, Saudi Arabia, the UAE, and others. This region is witnessing rapid economic development leading to the rising disposable income of consumers, improving lifestyles, and increasing expenditure on recreational activities in sports. The participation of people in sports across the region is significantly increasing owing to rising encouragement from governments of countries like the UAE, and Saudi Arabia, among others, for active participation in different sports. The countries in this region have recognized the potential of the sports industry and have been investing strategically in their resources and competencies across the sports sector for many years. The UAE has world-class facilities and hosts local, regional, and international events that attract top athletes and promote grassroots development. The tennis racquets market across the region is expected to witness remarkable growth in the coming years owing to the increasing popularity of the sport amongst the women in the region. Tennis is gaining appeal as a women’s sport in the Middle East and Africa. Long overlooked in the region, the sport is gaining traction with tournaments held in Qatar, the UAE, and Morocco, enhancing its visibility and encouraging local players to participate. In April 2023, the Association of Tennis Professionals (ATP) announced its Next Gen finals in Saudi Arabia 2023. The relocation of the prestigious event to Saudi Arabia would represent the kingdom’s growing leverage and investment in tennis. Hence, the countries such as Saudi Arabia invests heavily in tennis and entertainment to diversify their economy and boost their international profile. This factor is potentially driving the tennis racquet market growth. Moreover, the region’s initiatives in promoting tennis, coupled with heavy investments in developing sports infrastructure, will open lucrative growth opportunities for the tennis racquet market in the coming years.
Middle East & Africa Tennis Racquet Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Tennis Racquet Market Segmentation
The Middle East & Africa tennis racquet market is segmented into distribution channel and end user, and country.
Based on distribution channel, the Middle East & Africa tennis racquet market is segmented into supermarkets & hypermarkets, specialty store, online retail, and others. The supermarkets & hypermarkets segment held a largest share of the Middle East & Africa tennis racquet market in 2023.
Based on end user, the Middle East & Africa tennis racquet market is segmented into adults and kids. The adults segment held the larger share of the Middle East & Africa tennis racquet market in 2023.
Based on country, the Middle East & Africa tennis racquet market is segmented into the South Africa, UAE, Saudi Arabia, and Rest of Middle East & Africa. The South Africa dominated the Middle East & Africa tennis racquet market in 2023.
YONEX Co. Ltd.; Sumitomo Rubber Industries Ltd; Babolat; Wilson Sporting Goods; GAMMA Sports; PACIFIC Holding GmbH; Maus Frères SA; and Authentic Brands Group LLC are some of the leading companies operating in the Middle East & Africa tennis racquets market.
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According to the research team’ research, the Middle East & Africa tennis racquet market was valued at US$ 16.56 million in 2023 and is expected to reach US$ 20.11 million by 2030, registering a CAGR of 2.8% from 2023 to 2030. New product innovations is the critical factor attributed to Middle East & Africa tennis racquet market expansion.
The demand for tennis racquet products is surging due to new product innovations by various market players such as, Yonex Co., Ltd. The company announced the launch of the 7th-generation VCORE racquet in January 2023. The 7th-generation VCORE racquet features a high trajectory spin ball that drops and bounces on a grand scale, allowing players a more comprehensive range of strategic and aggressive gameplay. Similarly, the DUNLOP brand of Sumitomo Rubber Industries, Ltd. has introduced an innovative CX Series range of control racquets. This innovative range has been designed to give players complete control over their power, spin, and accuracy. In addition to this, On April 10, 2023, Babolat released the new Pure Aero Rafa racket cosmetic endorsed by Rafael Nadal. It has a much higher swing weight and heavier frame. It is available in the original Aeropro Drive frame construction. Also, the company made available a lighter version. Moreover, the International Tennis Federation (ITF) had previously outlawed the smart racquets in competition; however, players can now use the technology, such as Rafael Nadal’s new racquet and devices like heart-rate monitors that record data about player performance in real time. The first commercial release of tennis sensors was on August 22, 2013, with the Babolat Play. Since then, more and more products have emerged on the market that tries to measure every possible metric of a tennis player to improve performance. Hence, technology is changing the conventional ways of playing recreational and competitive sports such as tennis. Therefore, inertial measurement units (IMU) sensors have a buoyant demand from tennis players. These sensors are placed on the body or sporting equipment to record information, such as velocities, accelerations, and angles, that can be tracked and programmed in tennis. Thus, the increased demand for advanced technology-incorporated tennis racquet, and other related products, along with new product developments, is strongly complementing the market’s growth.
Based on distribution channel, the Middle East & Africa tennis racquet market is segmented into supermarkets & hypermarkets, specialty stores, online stores, and others. The supermarkets & hypermarkets segment held 40.5% share of Middle East & Africa tennis racquet market in 2023, amassing US$ 6.71 million. It is projected to garner US$ 8.40 million by 2030 to expand at 3.3% CAGR during 2023–2030.
Based on end-user, the Middle East & Africa tennis racquet market is segmented into adults and kids. The adults segment held 82.4% share of Middle East & Africa tennis racquet market in 2023, amassing US$ 13.65 million. It is projected to garner US$ 16.66 million by 2030 to expand at 2.9% CAGR during 2023–2030.
Based on country, the Middle East & Africa tennis racquet market has been categorized into the South Africa, UAE, Saudi Arabia, and Rest of Middle East & Africa. Our regional analysis states that the South Africa captured 34.2% share of Middle East & Africa tennis racquet market in 2023. It was assessed at US$ 5.66 million in 2023 and is likely to hit US$ 6.90 million by 2030, exhibiting a CAGR of 2.9% during the forecast period.
Key players operating in the Middle East & Africa tennis racquet market are YONEX Co., Ltd.; Sumitomo Rubber Industries Ltd; Babolat; Wilson Sporting Goods; GAMMA Sports; PACIFIC Holding GmbH; Maus Frères SA; and Authentic Brands Group LLC; among others.
In Dec 2022, Yonex Co., Ltd. announced the 7th -generation VCORE racquet launch on January 13, 2023. It is a spin racquet which features a high-trajectory spin ball that drops and bounces on a greater scale. In Jan 2023, Sumitomo Rubber Industries Ltd launched the new Dunlop FX tennis racket with improved technology. The revamped Dunlop FX tennis racket line aims to increase comfort while improving the already-established power of the frame. Dunlop added a Power Boost+ Groove grommet technology, adjusted the stiffness, and updated the frame construction.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa tennis racquet market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa tennis racquet market. thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Tennis Racquet Market, by End-User
1.3.2 Middle East & Africa Tennis Racquet Market, by Distribution Channel
1.3.3 Middle East & Africa Tennis Racquet Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Middle East & Africa Tennis Racquet Market Landscape
4.1 Market Overview
4.2 Middle East & Africa PEST Analysis
4.3 Expert Opinion
5. Middle East & Africa 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 Analysis
6. Middle East & Africa Tennis Racquet Market Analysis
6.1 Overview
6.2 Middle East & Africa Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
7. Middle East & Africa Tennis Racquet Market Analysis By End-User
7.1 Overview
7.2 Middle East & Africa Tennis Racquet Market, By End-User (2022 and 2030)
7.3 Adults
7.3.1 Overview
7.3.2 Middle East & Africa Adults: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Kids
7.4.1 Overview
7.4.2 Middle East & Africa Kids: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Tennis Racquet Market Analysis – By Distribution Channel
8.1 Overview
8.2 Middle East & Africa Tennis Racquet Market, By Distribution Channel (2022 and 2030)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Middle East & Africa Supermarkets and Hypermarkets: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Middle East & Africa Specialty Stores: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Middle East & Africa Online Retail: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Middle East & Africa Others: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Tennis Racquet Market – Country Analysis
9.1 Overview
9.1.1 Middle East and Africa: Tennis Racquet Market –Revenue (2022) (US$ Million)
9.1.2 Middle East and Africa: Tennis Racquet Market, by Key Country
9.1.2.1 South Africa: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
9.1.2.1.1 South Africa: Tennis Racquet Market, by End-User
9.1.2.1.2 South Africa: Tennis Racquet Market, by Distribution Channel
9.1.2.2 Saudi Arabia: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
9.1.2.2.1 Saudi Arabia: Tennis Racquet Market, by End-User
9.1.2.2.2 Saudi Arabia: Tennis Racquet Market, by Distribution Channel
9.1.2.3 UAE: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
9.1.2.3.1 UAE: Tennis Racquet Market, by End-User
9.1.2.3.2 UAE: Tennis Racquet Market, by Distribution Channel
9.1.2.4 Rest of MEA: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
9.1.2.4.1 Rest of MEA: Tennis Racquet Market, by End-User
9.1.2.4.2 Rest of MEA: Tennis Racquet Market, by Distribution Channel
10. Industry Landscape
10.1 Overview
10.2 Expansion
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 YONEX Co., Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Sumitomo Rubber Industries Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Babolat
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Wilson Sporting Goods
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 GAMMA Sports
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 PACIFIC Holding GmbH
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Maus Frères SA
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Authentic Brands Group LLC
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About Research Team
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
Table 2. South Africa Tennis Racquet Market, by End-User – Revenue and Forecast to 2030 (US$ Million)
Table 3. South Africa Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 4. Saudi Arabia Tennis Racquet Market, by End-User – Revenue and Forecast to 2030 (US$ Million)
Table 5. Saudi Arabia Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 6. UAE Tennis Racquet Market, by End-User – Revenue and Forecast to 2030 (US$ Million)
Table 7. UAE Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 8. Rest of MEA Tennis Racquet Market, by End-User – Revenue and Forecast to 2030 (US$ Million)
Table 9. Rest of MEA Tennis Racquet Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 10. Glossary of Terms, Middle East & Africa Tennis Racquet Market
LIST OF FIGURES
Figure 1. Middle East & Africa Tennis Racquet Market Segmentation
Figure 2. Middle East & Africa Tennis Racquet Market Segmentation – By Country
Figure 3. Middle East & Africa Tennis Racquet Market Overview
Figure 4. Middle East & Africa Tennis Racquet Market, By Distribution Channel
Figure 5. Middle East & Africa Tennis Racquet Market, by Geography
Figure 6. Middle East and Africa – PEST Analysis
Figure 7. Expert Opinion
Figure 8. Middle East & Africa Tennis Racquet Market Impact Analysis of Drivers and Restraints
Figure 9. Middle East & Africa Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Middle East & Africa Tennis Racquet Market Revenue Share, By End-User (2022 and 2030)
Figure 11. Middle East & Africa Adults: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Middle East & Africa Kids: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Middle East & Africa Tennis Racquet Market Revenue Share, By Distribution Channel (2022 and 2030)
Figure 14. Middle East & Africa Supermarkets and Hypermarkets: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Middle East & Africa Specialty Stores: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Middle East & Africa Online Retail: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Middle East & Africa Others: Tennis Racquet Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Middle East and Africa: Tennis Racquet Market – Revenue (2022) (US$ Million)
Figure 19. Middle East and Africa: Tennis Racquet Market Revenue Share, by Key Country (2022 and 2030)
Figure 20. South Africa: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
Figure 21. Saudi Arabia: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
Figure 22. UAE: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
Figure 23. Rest of MEA: Tennis Racquet Market –Revenue and Forecast to 2030 (US$ Million)
The List of Companies – Middle East & Africa Tennis Racquet Market
o YONEX Co. Ltd.
o Sumitomo Rubber Industries Ltd
o Babolat
o Wilson Sporting Goods
o GAMMA Sports
o PACIFIC Holding Gmbh
o Maus Frères SA
o Authentic Brands Group LLC
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