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Tennis Racquet Market to Touch a Value of US$ 437 Mn by 2032 End

The tennis racquet market is anticipated to reach a valuation of over US$ 700 million by 2030, with the growth rate pegged at 3.5% during 2020 to 2030. Increasing adoption of sports and new players in the tennis industry are expected to highly benefit the expansion of the global tennis racquet market.

Increased investments on outdoor sports and adoption of new alternative means of exercise by sports enthusiasts have highly benefited the tennis racquet market. This trend is expected to be accelerated during the recovery period of the COVID-19 crisis.

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Key Takeaways from Tennis Racquet Market Study

“Investments in differentiated offerings of tennis racquets for player comfort and usage is expected to present lucrative returns to market players during the forecast period,” says a Fact.MR analyst.

Innovations and Differentiated Offerings Leading Market Growth

The tennis racquet market has seen multiple changes in recent years, and is expected to show moderate growth during the forecast period. Companies in the tennis racquet market have been focusing on innovative offerings and differentiating their portfolios. Companies such as Yonex Co., Ltd, Amer Sports, and Sumitomo Rubber Industries, Ltd have been differentiating their offerings of tennis racquets with collaborations with professional tennis players. Similar developments are also expected to take place in the tennis racquet market space during the forecast period.

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