The demand for tennis equipment in Korea is anticipated to be worth US$ 127.4 million in 2023 and reach US$ 171.3 million by 2033. Tennis equipment sales in Korea are projected to expand at a CAGR of 3%.
Tennis competitions and burgeoning tennis enthusiasts in Korea have increased interest in and demand for tennis equipment. The rise of data-driven and ecologically conscious sports combined with racket innovations, and environment-friendly production are significant contributors to the expansion of tennis equipment.
Trends Observed around the Increasing Demand for Tennis Equipment in Korea
| Attributes | Details |
|---|---|
| Demand Analysis (2023) | US$ 127.4 million |
| Demand Forecast (2033) | US$ 171.3 million |
| CAGR Estimation (2023 to 2033) | 3.0% |
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The section includes a comprehensive segmentation study of tennis equipment in Korea. Manufacturers are paying close attention to tennis equipment trends and the growing demand for tennis racquets. Equivalently, the individual segment surpasses the buyer type segment.
The tennis racquets segment has the most significant share of tennis equipment sales in Korea, accounting for the majority of the various product kinds. The domination can be traced to multiple causes, including the sport's popularity, the emphasis on player performance, and the aspirational nature of the equipment.
Tennis racquets are crucial tools for players, and the quest for cutting-edge technology and high-quality materials has resulted in strong demand. Professional tennis players' marketing and endorsement significantly impact customer preferences.
| Segment | Racquets |
|---|---|
| Share | 23.1% |
Tennis racquets are popular because they work as a symbol of talent and prestige. The prominence of the racquet segment is due to a combination of cultural relevance, performance emphasis, and marketing techniques within the tennis equipment industry in Korea.
Tennis equipment for Individuals has a substantial industry share in Korea's tennis equipment sector. Multiple factors contribute to the individual segment's dominance. Tennis is popular among people of all ability levels, from beginners to advanced players. As a result, demand for individual tennis equipment such as racquets, balls, and clothing remains significant.
| Segment | Individual |
|---|---|
| Share | 92.1% |
Growing health and fitness trends in Korea have increased involvement in recreational sports such as tennis, fueling demand for individual equipment. Individual tennis equipment's versatility appeals to a broad consumer base, including beginner and enthusiast players.
Tennis clubs and facilities require institutional adoption of tennis equipment. The individual segment remains the leading force for tennis equipment in Korea due to its broad consumer appeal and continuous excitement for the sport.
The competitive environment of tennis equipment in Korea is driven by numerous significant aspects, including brand recognition, pricing, and the popularity of tennis.
Key tennis equipment brands have a substantial presence in the ecosystem of Korea. They are well-known for producing high-quality racquets, strings, balls, and tennis gear.
Korea also has its domestic tennis equipment brand. Local tennis equipment brands frequently focus on creating affordable equipment and may have a dedicated customer base.
Tennis equipment is distributed mainly through sporting goods merchants such as Decathlon, Lotte Mart, and local sports shops. They carry diverse brands and products, making them indispensable in the supply chain
Key Observations with Tennis Equipment in Korea
Dunlop Korea: Dunlop is a well-known brand that manufactures tennis balls, racquets, strings, and accessories. Dunlop Korea is a subsidiary in Korea that is in charge of marketing and distributing Dunlop tennis items.
Yonex Korea: Although Yonex is a brand in Japan, it is well-known in Korea. They make tennis racquets, strings, and other tennis equipment. Yonex Korea is in charge of the company's operations in the country.
Wilson Korea: Wilson is a renowned tennis equipment manufacturer well recognized for its racquets, strings, balls, and apparel. Wilson Korea is in charge of marketing and distributing Wilson's tennis equipment in Korea.
Li-Ning: Li-Ning is a prominent sports equipment brand in China in the tennis industry. They make tennis clothing, shoes, and accessories. Li-Ning could develop a foothold in Korea.
ProKennex Korea: ProKennex is a racquet sports equipment brand that specializes in tennis racquets. Through local distributors, they may have a presence in Korea.
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| Attributes | Details |
|---|---|
| Estimated Valuation (2023) | USD 127.4 million |
| Projected Valuation (2033) | USD 171.3 million |
| Anticipated CAGR (2023 to 2033) | 3% |
| Historical Analysis of Tennis Equipment in Korea | 2018 to 2022 |
| Demand Forecast for Tennis Equipment in Korea | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Key Cities Analyzed While Studying Opportunities in Tennis Equipment in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju, The rest of Korea |
| Key Companies Profiled for Tennis Equipment in Korea | Dunlop Korea; Wilson; Babolat; Head; Li-Ning; Yonex; Prince; ProKennex |
The anticipated landscape CAGR is 3% through 2033.
Demand for tennis equipment in Korea is likely to be US$ 171.3 million by 2033.
Tennis equipment manufacturers in Korea are using local collaborations and e-commerce.
Racquets segment to grab a share of 23.1% for tennis equipment in Korea.
The individual segment to acquire a share of 92.1% through 2033.
1. Executive Summary 1.1. Korea Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033 5.3.1. Racquets 5.3.2. Balls 5.3.3. Apparel 5.3.4. Footwear 5.3.5. Ball Machines 5.3.6. Tennis Bags 5.3.7. Other Accessories 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Material 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material, 2023 to 2033 6.3.1. Composites 6.3.2. Metallic 6.3.3. Other Materials 6.4. Y-o-Y Growth Trend Analysis By Material, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Material, 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Buyer Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Buyer Type, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Buyer Type, 2023 to 2033 7.3.1. Individual 7.3.1.1. Beginner 7.3.1.2. Intermediate 7.3.1.3. Advanced 7.3.2. Institutional 7.4. Y-o-Y Growth Trend Analysis By Buyer Type, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Buyer Type, 2023 to 2033 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2023 to 2033 8.3.1. Independent Sports Outlet 8.3.2. Sports Retail Chain 8.3.3. Franchised Sports Outlet 8.3.4. Direct to Customer Online Channel 8.3.5. Direct-to-Customer Institutional Channel 8.3.6. Modern Trade Channels 8.3.7. Third Party Online Channel 8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 9.3.1. South Gyeongsang 9.3.2. North Jeolla 9.3.3. South Jeolla 9.3.4. Jeju 9.3.5. Rest of Korea 9.4. Market Attractiveness Analysis By Region 10. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Product Type 10.2.2. By Material 10.2.3. By Buyer Type 10.2.4. By Sales Channel 10.3. Market Attractiveness Analysis 10.3.1. By Product Type 10.3.2. By Material 10.3.3. By Buyer Type 10.3.4. By Sales Channel 10.4. Key Takeaways 11. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Product Type 11.2.2. By Material 11.2.3. By Buyer Type 11.2.4. By Sales Channel 11.3. Market Attractiveness Analysis 11.3.1. By Product Type 11.3.2. By Material 11.3.3. By Buyer Type 11.3.4. By Sales Channel 11.4. Key Takeaways 12. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Product Type 12.2.2. By Material 12.2.3. By Buyer Type 12.2.4. By Sales Channel 12.3. Market Attractiveness Analysis 12.3.1. By Product Type 12.3.2. By Material 12.3.3. By Buyer Type 12.3.4. By Sales Channel 12.4. Key Takeaways 13. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Product Type 13.2.2. By Material 13.2.3. By Buyer Type 13.2.4. By Sales Channel 13.3. Market Attractiveness Analysis 13.3.1. By Product Type 13.3.2. By Material 13.3.3. By Buyer Type 13.3.4. By Sales Channel 13.4. Key Takeaways 14. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Product Type 14.2.2. By Material 14.2.3. By Buyer Type 14.2.4. By Sales Channel 14.3. Market Attractiveness Analysis 14.3.1. By Product Type 14.3.2. By Material 14.3.3. By Buyer Type 14.3.4. By Sales Channel 14.4. Key Takeaways 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Product Type 15.3.3. By Material 15.3.4. By Buyer Type 15.3.5. By Sales Channel 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. XIOM Co., Ltd 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Seino Logix Co., Ltd 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Molax Line Ltd. 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Amer Sports Korea 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. F&F 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Yonex Co., Ltd. 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. NISHOHI 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Bridgestone 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Mizuno Corporation 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Tachikara 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 16.1.11. Amer Sports Corporation 16.1.11.1. Overview 16.1.11.2. Product Portfolio 16.1.11.3. Profitability by Market Segments 16.1.11.4. Sales Footprint 16.1.11.5. Strategy Overview 16.1.11.5.1. Marketing Strategy 16.1.11.5.2. Product Strategy 16.1.11.5.3. Channel Strategy 16.1.12. Head N.V. 16.1.12.1. Overview 16.1.12.2. Product Portfolio 16.1.12.3. Profitability by Market Segments 16.1.12.4. Sales Footprint 16.1.12.5. Strategy Overview 16.1.12.5.1. Marketing Strategy 16.1.12.5.2. Product Strategy 16.1.12.5.3. Channel Strategy 16.1.13. Dunlop Sports Co., Ltd. 16.1.13.1. Overview 16.1.13.2. Product Portfolio 16.1.13.3. Profitability by Market Segments 16.1.13.4. Sales Footprint 16.1.13.5. Strategy Overview 16.1.13.5.1. Marketing Strategy 16.1.13.5.2. Product Strategy 16.1.13.5.3. Channel Strategy 16.1.14. Tecnifibre 16.1.14.1. Overview 16.1.14.2. Product Portfolio 16.1.14.3. Profitability by Market Segments 16.1.14.4. Sales Footprint 16.1.14.5. Strategy Overview 16.1.14.5.1. Marketing Strategy 16.1.14.5.2. Product Strategy 16.1.14.5.3. Channel Strategy 16.1.15. Oliver Sports & Squash GmbH. 16.1.15.1. Overview 16.1.15.2. Product Portfolio 16.1.15.3. Profitability by Market Segments 16.1.15.4. Sales Footprint 16.1.15.5. Strategy Overview 16.1.15.5.1. Marketing Strategy 16.1.15.5.2. Product Strategy 16.1.15.5.3. Channel Strategy 16.1.16. Babolat 16.1.16.1. Overview 16.1.16.2. Product Portfolio 16.1.16.3. Profitability by Market Segments 16.1.16.4. Sales Footprint 16.1.16.5. Strategy Overview 16.1.16.5.1. Marketing Strategy 16.1.16.5.2. Product Strategy 16.1.16.5.3. Channel Strategy 16.1.17. Adidas AG 16.1.17.1. Overview 16.1.17.2. Product Portfolio 16.1.17.3. Profitability by Market Segments 16.1.17.4. Sales Footprint 16.1.17.5. Strategy Overview 16.1.17.5.1. Marketing Strategy 16.1.17.5.2. Product Strategy 16.1.17.5.3. Channel Strategy 16.1.18. Solinco 16.1.18.1. Overview 16.1.18.2. Product Portfolio 16.1.18.3. Profitability by Market Segments 16.1.18.4. Sales Footprint 16.1.18.5. Strategy Overview 16.1.18.5.1. Marketing Strategy 16.1.18.5.2. Product Strategy 16.1.18.5.3. Channel Strategy 16.1.19. Volkl Int. GmbH 16.1.19.1. Overview 16.1.19.2. Product Portfolio 16.1.19.3. Profitability by Market Segments 16.1.19.4. Sales Footprint 16.1.19.5. Strategy Overview 16.1.19.5.1. Marketing Strategy 16.1.19.5.2. Product Strategy 16.1.19.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Trends, Growth, and Opportunity Analysis of Tennis Equipment in Korea
