Sales of tennis equipment in Japan are projected to rise at a 2.4% CAGR through 2033. The overall demand for tennis equipment in Japan is set to rise, surpassing a valuation of USD 216.5 million in 2023. By 2033, sales projections for tennis equipment in Japan indicate a valuation of USD 274.7 million.
Key Trends Catapulting Sales through 2033
Attributes | Details |
---|---|
Industry Size in Japan in 2023 | USD 216.5 million |
Expected Industry Size of Japan in 2033 | USD 274.7 million |
Forecasted CAGR between 2023 to 2033 | 2.4% |
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The overview of tennis equipment demand in Japan exhibits racquets as the leading product type, with 25.0% of shares captured in 2023.
Leading Product Type for Tennis Equipment in Japan | Racquets |
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Total Value Share (2023) | 25.0% |
Tennis equipment manufacturers in Japan continuously introduce cutting-edge advances in racquet design to improve performance on the court. These developments operate as inducements for players to invest in newer models, which contributes to long-term sales growth.
Certain racquet brands have an excellent international and domestic reputation for quality and innovation. The trust and familiarity connected with these brands considerably attract customers, strengthening the overall demand for racquets. Tennis racquets are replaced on a regular basis due to the wear and tear associated with persistent use, providing a consistent demand for new equipment and maintaining their crucial position in the supply chain.
The overview of tennis equipment demand in Japan signifies individuals as the leading buyers, with 88.4% of shares in 2023.
Top Buyer Type for Tennis Equipment in Japan | Individuals |
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Total Value Share (2023) | 88.4% |
Tennis is widely popular in Japan, drawing a diverse range of individual customers of varying ages, skill levels, and origins. Individual purchasers are more important because of their wide-ranging reach. Custom tennis equipment in Osaka is witnessing a surge in demand as the city’s residents aim for better health.
The ongoing trend toward personal health and wellness activities is pushing more people to choose tennis as a sport of choice, improving the sport's appeal to fitness-conscious consumers. Tennis is an accessible and appealing recreational alternative due to the ease of access to tennis facilities such as local clubs, schools, and public courts.
Tennis events and tournaments in Tokyo are highly popular in Japan. Additionally, the accessibility to venues encourages people to participate in the sport and purchase the necessary equipment.
The competitive environment of the tennis equipment industry in Japan is characterized by a mix of domestic and foreign competitors striving for a dominant position. Global sports equipment producers such as Wilson, Head, and Babolat compete with Japanese firms such as Yonex and Dunlop. These companies compete fiercely in this sector, fueled by factors like product innovation, brand awareness, and endorsements from professional players.
The fierce rivalry between foreign and domestic competitors is fueled by brand recognition, endorsements, technical innovation, and the rising importance of sustainability. This competition promotes a vibrant and innovative industry, providing customers with a diverse range of options and encouraging constant improvements in product offerings.
Recent Developments in Tennis Equipment in Japan
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Attribute | Details |
---|---|
Estimated Industry Size in 2023 | USD 216.5 million |
Projected Industry Size in 2033 | USD 274.7 million |
Anticipated CAGR between 2023 to 2033 | 2.4% CAGR |
Historical Analysis of Demand for Tennis Equipment in Japan | 2018 to 2022 |
Demand Forecast for Tennis Equipment in Japan | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Tennis Equipment adoption in Japan, Insights on Global Players and their Industry Strategy in Japan, Ecosystem Analysis of Local and Regional Japan Manufacturers |
Key Cities Analyzed While Studying Opportunities for Tennis Equipment in Japan | Kanto, Chubu, Kinki, Kyushu & Okinawa, Tohoku, Rest of Japan |
Key Companies Profiled | Yonex; Mizuno; Dunlop; Wilson; Head; Prince; Babolat; Asics; Srixon; Tecnifibre |
The expected CAGR until 2033 stands at 2.4%.
Anticipated demand for tennis equipment in Japan is projected to reach USD 274.7 million by 2033.
Sustainability and product customization trends influence demand in Japan.
Innovations in Japanese tennis equipment products are highly sought after.
Racquets experience immense demand in Japan.
1. Executive Summary 2. Market Overview 3. Market Background 4. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Racquets 5.2. Balls 5.3. Apparel 5.4. Footwear 5.5. Ball Machines 5.6. Tennis Bags 5.7. Other Accessories 6. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Material 6.1. Composites 6.2. Metallic 6.3. Other Materials 7. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Buyer Type 7.1. Individual 7.1.1. Beginner 7.1.2. Intermediate 7.1.3. Advanced 7.2. Institutional 8. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Independent Sports Outlet 8.2. Sports Retail Chain 8.3. Franchised Sports Outlet 8.4. Direct to Customer Online Channel 8.5. Direct-to-Customer Institutional Channel 8.6. Modern Trade Channels 8.7. Third Party Online Channel 9. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. Kanto 9.2. Chubu 9.3. Kinki 9.4. Kyushu & Okinawa 9.5. Tohoku 9.6. Rest of Japan 10. Kanto Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11. Chubu Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12. Kinki Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13. Kyushu & Okinawa Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14. Tohoku Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15. Rest of Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 16. Market Structure Analysis 17. Competition Analysis 17.1. Yonex Co., Ltd. 17.2. NISHOHI 17.3. Bridgestone 17.4. Mizuno Corporation 17.5. Tachikara 17.6. Amer Sports Corporation 17.7. Head N.V. 17.8. Dunlop Sports Co., Ltd. 17.9. Tecnifibre 17.10. Oliver Sports & Squash GmbH. 17.11. Babolat 17.12. Adidas AG 17.13. Solinco 17.14. Volkl Int. GmbH 17.15. XIOM Co., Ltd 17.16. Seino Logix Co., Ltd 17.17. Molax Line Ltd. 17.18. Amer Sports Korea 17.19. F&F 18. Assumptions & Acronyms Used 19. Research Methodology
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