Market Recovery and Growth Projections 2021-2025
Global tennis apparel, footwear, and accessories market in us is likely to post an incremental growth of $ 173.10 mn, accelerating at a CAGR of over 6% during the forecast period. This research provides a detailed analysis of the market segments and geographic landscape. It also offers insights into the various growth factors and challenges that are likely to have a negative impact on market growth. This thorough research will equip clients with the insights necessary to plan and strategize a post-pandemic recovery plan.
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Tennis Apparel, Footwear, And Accessories Market In US: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
Tennis Apparel, Footwear, And Accessories Market In US: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
Tennis Apparel, Footwear, And Accessories Market In US: Vendor Analysis
Key Areas Covered in our Report:
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
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Technavio research projects the tennis apparel, footwear, and accessories market in us to grow by $ 173.10 mn, accelerating at a CAGR of over 6% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Tennis Apparel, Footwear, And Accessories Market In US: Key Market Driver
One of the primary factors that will trigger the growth of the tennis apparel, footwear, and accessories market in us size is increasing awareness about health benefits of sports. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Tennis Apparel, Footwear, And Accessories Market In US: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. adidas AG, Amer Sports Corp., ASICS Corp., Fila Holdings Corp., Lotto sport Italia Spa, New Balance Athletics Inc., Nike Inc., PUMA SE, The Gap Inc., and Under Armour Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
Tennis Apparel, Footwear, And Accessories Market in US: Segmentation by End-user
The end-user segment consists of the men, women and children segments of which the men's segment held the largest share of the market in 2020. However, market growth in this segment is expected to be slower than that of the other two segments. Tennis apparel for men traditionally included cardigans or sweater vests, shirts, and long flannel pants. However, with changing fashion trends vendors are offering tennis apparel in a wide variety of colors, fabrics, and styles. The traditional white shorts worn during tennis matches by players have been replaced with brightly colored shorts. Light weight, high quality, comfort, moisture-wicking technology, temperature management, among others, are the major factors considered while designing tennis apparel for men. Similarly, durability, light weight, and cushioning are the key parameters considered in the manufacture of tennis footwear for men.
The rise in the number of tennis tournaments, growth in the number of tennis facilities, availability of a wide variety of tennis apparel and footwear, and growing focus of vendors on developing new products are the major factors that are expected to boost the growth of the segment in the US during the forecast period. Vendors that offer a variety of tennis apparel, footwear, and accessories sell their products through e-commerce websites in the US.
Favorable initiatives by sports organizations, the presence of the Women's Tennis Association (WTA), the increasing awareness about gender equality in sports, are factors that have increased the popularity of tennis among women in the US. The increasing popularity of tennis in the US is expected to drive the demand for tennis apparel, footwear, and accessories for women. Comfort and functionality are the main considerations while designing the apparel. The attire of popular female tennis players has also influenced the uptake of tennis apparel, footwear, and accessories among women. Vendors are increasingly focusing on enhancing comfort and style, along with advanced technologies, while developing high-quality products.
Tennis Apparel, Footwear, And Accessories Market in US: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. For instance, The Gap Inc. (The Gap) offers a comprehensive range of tennis apparel for women under the brand name Athleta. Match Point Dress Match Point Skort, Momentum Polo Tee, and A Game Tank are the major flagship products offered by the company. The products are available in a variety of colors and sizes to fit the demands of customers. Nike offers a wide range of tennis apparel, footwear, and accessories for women. NikeCourt Lite 2, NikeCourt Air Zoom Vapor Cage 4, NikeCourt Air Max Volley, and NikeCourt Air Zoom GP Turbo are tennis shoes designed for women by the company. The NikeCourt Lite 2 is specifically designed for hard courts to provide cushion and support to the feet during training and playing tennis. The company also offers tennis apparel such as skirts and high-and medium-support sports bras for women.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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