According to a recent market study published by Growth Market Reports, titled, “Global Natural Gut Tennis Strings Market is segmented by Distribution Channel, by Region: Size, Volume, Share, Trends and Opportunity Analysis, 2018-2028”, the market was valued at US$ 10.2 million in 2020 and is expected to expand at a growth rate of 3.6% by 2028. The market is fueled by rising number of tеnnіѕ соmреtіtіоnѕ and еvеntѕ worldwide. Additionally, the market is expected to be driven by increasing support of tennis associations to promote sports and growing fascination towards sports and activities.

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Tennis is a popular sport. The strings woven in the tennis racquet forms a network inside the hoop. The head or hoop is a portion that makes contact with a tennis ball. The tennis strings are manufactured by using filaments of nylon, but integrate other materials such as Zyex, polyurethane, Vectran, and Kevlar.

As per Growth Market Reports industry analyst, Sakshi Bhoyar, “The Global Natural Gut Tennis Strings Market is anticipated to register significant growth during the forecast period, 2021-2028. The global natural gut tennis strings market is expected to grow, due to advancements in cardio tennis and youth tennis and rising disposable income. The market is anticipated to grow at a rapid pace, owing to rising focus on extracurricular activities in educational hubs. Rising awareness about fitness among millennials is expected to create lucrative opportunities for sports, which in turn, is anticipated to promote the natural gut tennis strings market. The market growth is hampered, owing to high cost of natural gut tennis strings. Key players are engaged in advertising natural gut tennis strings through social media platforms including Instagram, Facebook, and Twitter.”

Primary as well as secondary research methodology is used for keen observation and study of the natural gut tennis strings market. Primary research methodology involves commercial agreements made with primary respondents as well as consulting partners to extract critical information pertaining to syndicated as well as consulting projects. Primary interviews are conducted with stakeholders across industry verticals on regular intervals in line with ongoing studies to be updated with the latest market trends & developments.

Validation of the estimated market size, volume, current, and future trends is done from the key opinion leaders (KOLs). These KOLs are CXO level people from key companies in the industry and possess experience of around 10-20 years in the industry. Secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases are analyzed for macro & micro analysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses, causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 serves as an opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and reconfigure themselves regionally. In the current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are reducing the demand and supply of various products and services.

Key Takeaways from the Study:

  • Players are profiled according to their revenue, global presence, and business strategy.
  • In terms of distribution channels, the online segment accounted for a substantial share of the market in 2020 and is expected to expand at a substantial CAGR during the forecast period.
  • The online segment holds a substantial share of the market, owing to penetration of players in different regions and countries. Moreover, discounts and offers provided by the players through internet is expected to drive the segment.

Report Scope:

Report Metric

Details

Market Value in 2020

US$ 10.2 Million

Market Growth Rate (from 2021 to 2028)

3.6%

Historical Data

2018, & 2019

Base Year

2020

Forecast Period

2021 - 2028

Units Considered

Value (US$ Million) and Volume (K Units)

Market Segments

by Distribution Channels, by Regions

Key Companies Profiled

BABOLAT, KLIP, Luxilon, Wilson Sporting Goods, Volkltennis, SIGNUM PRO , Angelo Oehms, Emerson Corporation, GAMMA Sports, and PACIFIC Europe GmbH

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturers, raw material providers, suppliers, and distributors
  • Demand Side: Sport Enthusiasts, professional players, and others
  • Regulatory Side: Concerned government authorities and other regulatory bodies.
  • Associations and Industry Bodies: Columbia Association, Dallas Tennis Association, Houston Tennis Association, North Carolina Tennis Association, Arizona Tennis Association, San Diego District Tennis Association, Hong Kong Tennis Association, Montgomery County Tennis Association, Utah Tennis Association, American Platform Tennis Association, Greater Columbus Tennis Association, and United States Tennis Association (USTA).