Tennis Apparel Market in Americas Size to witness market growth of USD 82.08 Mn through 2023-2027 | Forecast and Trend Analysis
Tennis Apparel Market in America is estimated to exhibit growth at a CAGR of 3.7% between 2022 and 2027 followed by a revenue growth of USD 82.08 million. Rising awareness about the health benefits of sports and the growing adoption of healthy lifestyles, the expansion of the retail and online distribution landscape are some of the determinants propelling the market advancements across the region. The market can be segmented by distribution channel (offline and online),end-user (men, women, and children), and geography America.
Technavio has been monitoring the Tennis Apparel Market in Americas, growth trajectory which is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
Tennis Apparel Market in Americas
Navigating through the Emerging Trends to Impact Market Growth
Companies in the apparel industry are focusing on integrating blockchain technology into their supply chain to combat the increased threat of counterfeit products. Emergence of blockchain technology in the apparel industry is the primary trend in the tennis apparel market growth in the Americas.
"Blockchain is a secure method of storing information that is secured by the cryptography process, which makes blockchain resilient to hacking and outside access. Within the blockchain, various information, including the date, location, time, company, and person is stored in blocks, and each block of information is interconnected with complex mathematical and technical features."
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Core Companies of the Tennis Apparel Market In Americas:
Companies are incorporating strategic alliances, across regions be it product/service launches, to enhance their market presence or adoption of a celebrity branding marketing strategy
babolat.com offers tennis apparel such as Pure Aero Unstrung Tennis Racket. Also, through this segment, the company offers products and services such as tennis rackets, tennis swings, tennis shoes, badminton rackets, balls and shoes, padel rackets, balls and shoes, bags, and clothing for men, women, and children.
Some of the prominent names worth mentioning are Adidas AG, ANTA Sports Products Ltd., ASICS Corp., Bjorn Borg AB, BloqUV, FILA Holdings Corp., Jofit LLC, Loriet LLC, Lotto Sport Italia Spa, Mizuno Corp., New Balance Athletics Inc., Nike Inc., PUMA SE, etc which comes with a wide range of offerings. Technavio's report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem.
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