The Tennis Apparel, Footwear, And Accessories Market in US is being driven by Increasing penetration of internet and smartphones
The Tennis Apparel, Footwear, And Accessories Market in US is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 257.9 million. The burgeoning interest in tennis throughout the United States has resulted in an escalating demand for the development and enhancement of tennis facilities. Securing funding or grants is essential for the establishment and upkeep of these facilities. Notably, various government and nongovernment entities are offering financial assistance for the development and expansion of tennis infrastructure. For instance, the United States Tennis Association (USTA) has earmarked approximately USD15 million for tennis organizations and facilities. This allocation was achieved through salary reductions for USTA management executives and postponing non-essential capital projects, safeguarding the overall tennis industry in the US from the economic repercussions of the pandemic.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
170 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
Market growth 2025-2029 |
USD 257.9 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
6.5 |
Key countries |
US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Tennis Apparel, Footwear, and Accessories market in the US prioritizes advanced technologies for optimal performance. Wicking fabric blends ensure apparel temperature regulation and breathability, while shoe outsole durability and traction enhancement ensure superior footwear functionality. Comfortable apparel fabrics, athletic footwear fit, and impact-resistant materials prevent injuries. Anti-blister sock liners, racquet vibration dampening, and comfortable shoe insoles enhance player experience. High-performance tennis apparel offers moisture management, stretchability, and style, while footwear focuses on weight reduction, flexibility, and responsiveness. Durable tennis balls, shoe support systems, tennis racquet weight, and racquet balance point cater to the competitive edge of the game. Apparel durability and tennis apparel sizing ensure a perfect fit and long-lasting use.
The tennis apparel, footwear, and accessories market in the US is a significant segment of the larger global textiles, apparel, and luxury goods market. This market encompasses companies involved in the manufacturing and marketing of tennis-specific apparel, footwear, and accessories, as well as those offering rental services. Key trends driving market growth include the increasing population of working women, leading to higher disposable income and increased spending on performance-enhancing tennis apparel, footwear with advanced cushioning technology, and moisture-wicking fabrics, as well as high-performance tennis racquet grips. Technavio projects that these factors will contribute to the expansion of the global textiles, apparel, and luxury goods market, with the tennis segment benefiting from advancements in technology and consumer demand for superior performance and comfort.. 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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UK: +44 203 893 3200
Email: media@technavio.com
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