- The key vendors in the Global Tennis Racquet Market 2015-2019 are Babolat VS SA, Head NV, Tecnifibre, Wilson Sporting Goods Co. and Yonex Co. Ltd.
London, 02 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on Global Tennis Racquet Market 2015-2019. 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. The market is expected to post a CAGR of 2.25 percent in terms of revenue and 2.03 percent in terms of volume during the forecast period of 2014-2019.
Owing to an increase in the number of participants in various small and big tournaments, and an increase in the number of frequent players, the demand for tennis racquets is expected to increase. Several events and tournaments are being organized with substantial amounts of prize money to encourage people to participate in this sport. Owing to the advances in design and technology used in the manufacture of racquets, the prices of racquets have increased, thereby generating higher revenues for vendors.
“Nanomaterials such as carbon nanotubes and nanoclay fullerenes are increasingly being used to manufacture tennis racquets to enhance their performance,” says Faisal Ghaus, Vice President of TechNavio Research.
“The application of nanotechnology provides numerous advantages and immense potential to increase the durability as well as the performance of tennis racquets.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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