Report : Europe Tennis Racquet Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By End User (Adults and Kids) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Adults Segment to Dominate Europe Tennis Racquet Market during 2021–2028
According to a new market research study on “Europe Tennis Racquet Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by End User and Distribution Channel” is expected to reach US$ 114.13 million by 2028 from US$ 103.55 million in 2021. The market is estimated to grow at a CAGR of 1.4% from 2021 to 2028. The report provides trends prevailing in the Europe tennis racquet market along with the drivers and restraints pertaining to the market growth. Rise in government support to sports is the major factor driving the growth of the Europe tennis racquet market. However, issues associated with the health risk from tennis hinder the growth of Europe tennis racquet market.
The Europe tennis racquet market is segmented on the basis of end user, distribution channel, and country. By end user, the Europe tennis racquet market is bifurcated into adults and kids. The adults segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. On the basis of distribution channel, the tennis racquet market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty segment dominated the market and online retail segment is expected to be the fastest growing during the forecast period. In terms of country, the Europe tennis racquet market is segmented into—Germany, France, Italy, UK, Russia, and the rest of Europe.
In Europe, the UK, France, and Russia are the hardest-hit countries by the COVID-19 outbreak. The UK is estimated to suffer an economic hit due to lack of revenue from various industries, as the country recorded the highest-number of COVID-19 cases, followed by France, Spain, Italy, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe. The lockdown restrictions are being slowly lifted in some of the countries in Europe; for instance, in Denmark, shops, complexes have reopened. Italy is in the “yellow zone” and is slowly lifting the lockdown restrictions. All these factors are likely to have a positive impact on the consumer goods industry, which will translate in the recovery of the tennis racquet market.
Amer Sports; Authentic Brands Group LLC; Babolat; GAMMA Sports; Head N.V.; Maus Frères SA; PACIFIC Holding GmbH; Sumitomo Rubber Industries, Ltd.; and Yonex Co., Ltd., are the leading companies in the Europe tennis racquet market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021The DUNLOP brand of Sumitomo Rubber Industries, Ltd. has launched new CX Series range of control rackets. This new range has been designed to give players complete control over their spin, power, and accuracy.