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Global Tennis Racquet Market to Touch a Value of US$ 437 Mn in the Year 2022
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The global tennis racquet market is set to reach $437 Mn by 2022, driven by health trends and regional growth, with the US market seeing significant expansion.
The market for tennis racquets is gaining in popularity all over the world due to the rising health awareness amongst the people. People want to stay healthy and fit and in order to achieve this goal, they are inclined to take up sports like tennis, which helps them in attaining their health and fitness goals. This is especially true for the elder segment of population.
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United States is a lucrative market for tennis and the growth in this market is supported by the rising number of players playing the game of tennis. However, one of the major challenge that the game is facing is to retain the players playing tennis, as a large number of players are quitting the game after a point of time. Moreover, high training costs associated with tennis acts as a restraint to the growth of the tennis racquet market.
The global tennis racquet market is slated to touch a value of nearly US$ 437 Mn in the year 2022 and grow at a moderate CAGR during the assessment period.
4 Forecast Highlights on Tennis Racquet Market
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Tennis Racquet Market Segmentation
Fact.MR has studied the tennis racquet market with detailed segmentation on the basis of type, string pattern, head size, sales channel, and region.
Type
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String Pattern
The report has also profiled leading players in the global market for tennis racquets, which will remain active through 2022. These include companies such as Babolat VS. SA, Yonex Co. Ltd., Authentic Brands Group, LLC, ASICS Corporation, Head N.V. and Dunlop Sports Group Americas, Inc.
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The article discusses the global tennis racquet market, projected to reach $437 Mn by 2022.
Rising health awareness and increased tennis participation drive market growth.
High training costs and player retention issues are key challenges.
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