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Press Release / Blogging & Social Media / Global tennis equipment market is expected to reach $845.7 million by 2022

Global tennis equipment market is expected to reach $845.7 million by 2022

By Lucintel on August 03 2017 | 117 Views

The global tennis equipment manufacturing market is expected to reach an estimated $845.7 million by 2022 and is forecast to grow at a CAGR of 2.4% from 2017 to 2022.

According to a new market report published by Lucintel, the future of the global tennis equipment manufacturing market looks good with opportunities in the tennis racquet, tennis ball, and tennis strings market. The global tennis equipment manufacturing market is expected to reach an estimated $845.7 million by 2022 and is forecast to grow at a CAGR of 2.4% from 2017 to 2022. The major growth drivers for this market are an increasing number of tennis events, growing participation among age groups, particularly in the youth segment, and growth of tennis as a fitness sport.

In this market, the three segments by type are tennis racquets, tennis balls, and tennis strings. Lucintel forecasts that the tennis racquet segment will remain the largest segment by value and the tennis ball segment is expected to show above average growth during the forecast period....Read more
http://www.lucintel.com/tennis-equipment-market-2017.aspx



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