Global tennis racquet market 2015-2019
January 13, 2015
DUBLIN — Research and Markets (researchandmarkets.com/research/db5tcc/global_tennis) has announced the addition of the “Global Tennis Racquet Market 2015-2019” report to their offering.
The Global Tennis Racquet market on the basis of revenue to grow at a CAGR of 2.25% and on the basis of volume to grow at a CAGR of 2.03% over the period 2014-2019
Sports that involve the use of racquets are typically called racquet sports. Tennis is a worldwide played racquet sport, which primarily uses a racquet and a ball. Racquets were primarily made of wood and strings but with passage of time and advances in technology, they are now made of carbon-fiber and aluminum.
The growing participation by children is one key trend witnessed in the market. Parents as well as schools are encouraging children to enroll and receive training in tennis, which in turn is increasing the number of children playing the game.
According to the report, an increase in awareness about the importance of sports in general is one of the major drivers of the market. Consumers are now becoming more conscious about their health and fitness; hence, are looking to play sports such as tennis to stay healthy and fit.
Further, the report states that the availability of counterfeit brands in the market, especially in Asian countries, is one of the major challenges for the market. Counterfeit brands are sold at much cheaper prices than the original ones and have a negative impact on the credibility of products of reputed vendors in the market.
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For more information visit researchandmarkets.com/research/db5tcc/global_tennis