Latest News- Tennis And Golf Market: Equipment is expected to lead the Product segment during 2025-2029

The Tennis And Golf Market is being driven by Increasing focus on health and wellness

The Tennis And Golf Market is expected to grow at a CAGR of 2.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2137.1 million. The tennis and golf industries are increasingly focusing on sustainability as a key trend for their future growth. Consumers' heightened environmental consciousness is driving brands and organizations within these sports to minimize their ecological footprints through innovative product design, facility management, and event execution. In golf, there is a burgeoning emphasis on sustainable apparel, eco-friendly course management, and carbon footprint reduction. A pioneering example is RADMOR, a golf apparel brand based in Seattle. On March 18, 2024, RADMOR unveiled two new eco-friendly materials in its Spring 2024 collection: RadCycled Repreve Recycled Polyester, a high-performance and comfortable fabric made from 90% recycled plastic bottles and 10% stretch, and a premium blend of 65% Organic Peruvian Pima Cotton, 30% RadCycled Repreve Polyester, and 5% stretch. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Equipment
  • Apparels
  • Accessories
• Application
  • Golf
  • Tennis
• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Spain
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing focus on health and wellness
• Increased youth participation
• Rising disposable income in emerging markets

However, the market also witnesses some limitations, which are as follows:

• Weather and seasonal dependency
• Competition from digital entertainment
• Limited access to facilities

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Market Scope in Tennis And Golf Market Research Report

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Research Analysis Overview

The Tennis and Golf market encompasses various aspects, including racket technology and club design, ball manufacturing, footwear technology, apparel fabrics, equipment accessories, training programs, performance data, injury rehabilitation, and equipment maintenance. Additionally, it involves player development, tournament organization, media relations, sales channels, supply chain management, retail strategy, online marketing, consumer segmentation, pricing strategies, competitor analysis, brand loyalty, product lifecycle management, sustainable practices, social media analytics, community engagement, facility management, and course design.

Market Research Overview

The global leisure products market, a segment of the larger household durables market, encompasses categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games. According to Technavio's market analysis, the global household durables market size is determined by the collective revenue generated by manufacturers of household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The growth of this market will be fueled by the expanding membership base in health and fitness clubs. With a steady rise in the last decade, the number of health and fitness clubs continues to increase due to the industry's promising prospects. Tennis and golf, as popular leisure activities, contribute significantly to this market through the sales of tennis racquets, golf clubs, tennis balls, golf balls, tennis shoes, golf shoes, and tennis grips.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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