The adoption of tennis equipment in Western Europe is expected to grow at a CAGR of 3.3% through 2033. The tennis equipment demand in Western Europe is expected to reach USD 2,433.8 million by 2033.
Key players in Western Europe are focusing on embracing new technologies addressing present concerns affecting tennis equipment sales, to boost their competitiveness.
In the next decade, players are expected to ride on emerging trends like eco-conscious and data-driven sports by focusing on player analytics, racquet technologies, and sustainable manufacturing.
Attributes | Details |
---|---|
Industry Size of Tennis Equipment in Western Europe in 2023 | USD 1,758.3 million |
Expected Industry Size of Tennis Equipment in Western Europe by 2033 | USD 2,433.8 million |
Forecasted CAGR from 2023 to 2033 | 3.3% |
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Countries | CAGR (2023 to 2033) |
---|---|
Germany | 2.4% |
United Kingdom | 1.8% |
France | 3% |
Tennis equipment sales in Germany are predicted to be influenced by prevalent participation in tennis. Mentioned below are the key factors that are elevating product sales:
For instance, in June 2023, ATP Tour, a racquet sports products retailer, announced the release of an official tennis merchandise collection developed in collaboration with Tennis-Point. The collection is aimed at serving more than 85 million recreational tennis players across the globe.
For instance, Tennis-Point, a racquet-sports equipment retailer, entered a multiyear eCommerce agreement to provide premium-quality tennis gear, clothing, and accessories to a passionate tennis fan base.
According to a survey by Sports England, around 6,42,000 people play tennis a minimum of twice a month, indicating beneficial prospects for the tennis equipment business in the country. Other factors that are uplifting the demand for tennis equipment include:
Spirited enthusiasm for tennis tournaments in France presents business opportunities for key players. The following factors trace the growth scope of tennis equipment businesses in France:
Increasing passion for tennis sports in Spain is creating a positive outlook for sales of tennis equipment in the country. Given below are the key factors pushing the purchase rate of tennis apparel, footwear, racquets, and other accessories:
Top Product Type | Racquets |
---|---|
Industry Share (2023) | 26% |
The racquets segment is predicted to contribute 26% to the global sales of tennis equipment in 2023. Key manufacturers are continually launching new products with better performance and strength to cater to the increasing demand for racquets. The eCommerce boom has also facilitated racquet sales, as players can purchase equipment from an extensive range of retailers.
Top Buyer | Individual |
---|---|
Industry Share (2023) | 83.6% |
The individual buyer segment leads the tennis equipment sales in Western Europe with a share of 83.6% in 2023. Demand from individuals is increasing as they are more likely to embrace the latest technological innovations in tennis equipment and replace the old equipment. Individuals are more likely to invest in tennis equipment, especially if they have higher purchasing power and passion for tennis.
Leading brands in Western European countries are competing in innovation, marketing, product quality, and sponsorship deals with tennis professionals. Players are striving to innovate higher-quality tennis products to move beyond the present competition.
Smaller brands in the region are focusing on a particular niche, like sustainable tennis clothing or high-end tennis racquets, to make their mark. Competition for a larger industry share is predicted to be beneficial for consumers in Western Europe as it motivates innovation and keeps the price points competitive.
New Developments Enhancing the Scope of Tennis Equipment in Western Europe
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Attribute | Details |
---|---|
Estimated Industry Size in 2023 | USD 1,758.3 million |
Projected Industry Size in 2033 | USD 2,433.8 million |
Anticipated CAGR from 2023 to 2033 | 3.3% CAGR |
Historical Analysis of Demand for Tennis Equipment in Western European Countries | 2018 to 2022 |
Demand Forecast for Tennis Equipment in Western European Countries | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Analysis of Key Factors Influencing Tennis Equipment Adoption in Western European countries, Insights on Western European countries Players and their Industry Strategy in Western European countries, Ecosystem Analysis of Local and Regional Western Europe Countries Providers |
Key Companies Profiled | Babolat; Head; Wilson; Yonex; Nike; Adidas; Under Armour; Others |
The demand for tennis equipment in Western Europe is expected to increase at a CAGR of 3.3% through 2033.
Demand for tennis equipment in Western Europe is expected to be USD 2,433.8 million by 2033.
Innovation of tennis equipment and sponsorship with tennis professionals are the leading strategies.
Racquets account for higher sales of tennis equipment in Western Europe.
Individuals remain a key contributor to the tennis equipment industry’s revenue.
Market CAGR (2023 to 2033) | 8.5% |
---|---|
Market Size (2023) | USD 371.0 million |
Market Size (2033) | USD 838.9 million |
Estimated Market Size 2022 | USD 157.4 Million |
---|---|
Projected Market Size (2032) | USD 244.5 Million |
Value CAGR (2022 to 2032) | 4.5% |
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