Natural Gut Tennis Strings Market Size, Share, Analysis 2030
Global Natural Gut Tennis Strings Market
Segments - By Distribution Channels (Online and Offline) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global natural gut tennis strings market was valued at USD 10.2 Mn in 2020 and is anticipated to reach USD 13.4 Mn by 2028, expanding at a CAGR of3.6% during the forecast period.Natural gut tennis strings are prepared by drying fibers extracted from a part of outermost layer of the cow’s intestine known as serosa, or serous membrane. The serous membrane contains collagen, which is designed to withstand the contraction and stretching of the intestine.
High elasticity provided by collagen makes it suitable for tennis strings. Primarily, sheep gut was used to manufacture natural gut tennis strings. The flexibility offered along with enhanced playability are expected to drive the market in the near future.
Natural Gut Tennis Strings Market Dynamics
Driver- Rising Preference for Tension Retention Material
Natural gut tennis strings are manufactured by using animal intestines. It is a flexible and durable material used to make tennis strings. It provides better pressure maintenance than any other materials such as multifilament strings or synthetic tennis strings. Natural gut tennis strings are softer than any other material used for tennis strings. The market for natural gut tennis strings is driven by the fact that it offers maximum return of applied energy.
Driver- Increasing Demand for Flexibility in Tennis Racquets
Racquets using natural gut tennis strings remain smooth at high tensions. Flexibility offered by natural gut tennis strings allow players to improve ball control without losing much rebound power. This decreases the impact shock, which hurts the elbow and other joints. These factors are expected to drive the market.
Restraint- Stringent Government Regulations
Raw materials used for the development of natural gut tennis strings are parts of animal intestines such as mucosa and serosa. The mucosa is defined as the innermost layer of sheep’s intestine and serosa is defined as the outermost layer of the cow’s intestine. Stringent regulations from non-government organizations about saving animals is expected to the impede the market. Additionally, high manufacturing cost is anticipated to hamper the market growth.
Opportunity- Online Sales Driving the Market
Internet penetration is anticipated to propel the trend of natural gut tennis strings in several countries. The pandemic period is encouraging businesses to use internet platforms. The website designs of manufacturers display their processing unit and end-products, along with product specifications such as color, strength, and durability. Rising use of internet is considered to bridge the gap between large-scale and small-scale organizations involved in the production of natural gut tennis strings.
Research Methodology
Primary Research Methodology
Commercial agreements are 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, 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
Exhaustive desk research is 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
Natural Gut Tennis Strings Market Segmental Outlook
The global natural gut tennis strings market is segmented on the basis of distribution channels and regions. Online distribution channels for natural gut tennis strings are expected to create lucrative opportunities for players to showcase their products through company websites or shopping websites. Customers easily order the desired product with hassle-free payment gateways and delivery. Emergence of pandemic increased the demand for online purchases.
The online segment is expected to hold a significant share of the market during the forecast period, due to ease of use. Key players introduce a variety of offers and discounts to attract customers.
The offline segment involves outlets such as convenience stores, supermarkets, hypermarkets, and retail stores. Convenience stores are small retail stores ,which stock up less range of products and brands. Many people are not friendly with the upgrading technology and financial frauds over the internet, which leads customers to purchase natural gut tennis strings offline.
Natural Gut Tennis Strings Market Regional Outlook
Based on regions, the global natural gut tennis strings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to hold a significant share of the market, owing to emergence of key players in the region. The market in Asia Pacific is anticipated to grow at a considerable pace during the forecast period. The market in Latin America is projected to expand at a CAGR of 4.3% during the forecast period, owing to the penetration of players in the region.
Key industry trends considered are
The global natural gut tеnnіѕ ѕtrіngѕ mаrkеt іѕ anticipated tо register moderate grоwth during the fоrесаѕt реrіоd, оwіng tо thе іnсrеаѕing numbеr оf tеnnіѕ еvеntѕ globally аnd thе рrоmоtіоn оf ѕроrts bу numerous gоvеrnmеnt аnd nоn-gоvеrnmеnt оrgаnіzаtіоnѕ. Moreover, rising numbеr оf tеnnіѕ аѕѕосіаtіоnѕ tо рrоmоtе ѕроrtѕ аnd grоwіng fаѕсіnаtіоn tоwаrdѕ ѕроrtѕ аnd асtіvіtіеѕ for leisure is anticipated to supplement the market grоwth in the near future.
Less numbеr оf tеnnіѕ соurtѕ іn ѕоmе lосаlіtіеѕ, аnd growing fаѕсіnаtіоn fоr іndооr еntеrtаіnmеnt such as smart phones and laptops are ехресtеd tо hіndеr thе grоwth оf thе global natural gut tennis strings market.
Key Benefits for Industry Participants & Stakeholders
In-depth Analysis of the Global Natural Gut Tennis Strings Market
Historical, Current, and Projected Market Size in terms of Value and Volume
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global natural gut tennis strings Market Performance
Segments
By Distribution Channels
Online
Offline
By Regions
North America (US and Canada)
Europe (Italy, Germany, France, the UK, Spain, Russia, and the Rest of Europe)
Asia Pacific (China, Japan, South Korea, India, Australia, Southeast Asia (SEA), and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East & Africa (MEA) (Saudi Arabia, South Africa, the UAE, and the Rest of MEA)
Top players in the natural gut tennis strings market are profiled based on their revenue, product offerings, regional presence, and supply chain management system.
Players covered in the report are BABOLAT, KLIP, Luxilon, Wilson Sporting Goods, Volkltennis, SIGNUM PRO , Angelo Oehms, Emerson Corporation, GAMMA Sports, and PACIFIC Europe GmbH
Players are adopting key strategies such as acquisitions, collaborations, and geographical expansion to grab potential opportunities in the natural gut tennis strings market.
Video Summary for Natural Gut Tennis Strings Market
Chapter 1 Executive Summary Chapter 2 Assumptions and Acronyms Used Chapter 3 Research Methodology Chapter 4 Natural Gut Tennis Strings Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Natural Gut Tennis Strings Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Natural Gut Tennis Strings Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Natural Gut Tennis Strings Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Natural Gut Tennis Strings Market Size & Forecast, 2017-2027 4.5.1 Natural Gut Tennis Strings Market Size and Y-o-Y Growth 4.5.2 Natural Gut Tennis Strings Market Absolute $ Opportunity 4.6 Natural Gut Tennis Strings Consumer Behavior Chapter 5 Global Natural Gut Tennis Strings Market Analysis and Forecast By Distribution Channels 5.1 Introduction 5.1.1 Key Market Trends & Growth Opportunities By Distribution Channels 5.1.2 Basis Point Share (BPS) Analysis By Distribution Channels 5.1.3 Absolute $ Opportunity Assessment By Distribution Channels 5.2 Natural Gut Tennis Strings Market Size & Volume Forecast By Distribution Channels 5.2.1 Online 5.2.2 Offline 5.3 Market Attractiveness Analysis By Distribution Channels Chapter 6 Global Natural Gut Tennis Strings Market Analysis and Forecast by Region 6.1 Introduction 6.1.1 Key Market Trends & Growth Opportunities by Region 6.1.2 Basis Point Share (BPS) Analysis by Region 6.1.3 Absolute $ Opportunity Assessment by Region 6.2 Natural Gut Tennis Strings Market Size & Volume Forecast by Region 6.2.1 North America 6.2.2 Europe 6.2.3 Asia Pacific 6.2.4 Latin America 6.2.5 Middle East & Africa (MEA) 6.3 Market Attractiveness Analysis by Region Chapter 7 Coronavirus Disease (COVID-18) Impact 7.1 Introduction 7.2 Current & Future Impact Analysis 7.3 Economic Impact Analysis 7.4 Government Policies 7.5 Investment Scenario Chapter 8 North America Natural Gut Tennis Strings Analysis and Forecast 8.1 Introduction 8.2 North America Natural Gut Tennis Strings Market Size & Volume Forecast by Country 8.2.1 U.S. 8.2.2 Canada 8.3 Basis Point Share (BPS) Analysis by Country 8.4 Absolute $ Opportunity Assessment by Country 8.5 Market Attractiveness Analysis by Country 8.6 North America Natural Gut Tennis Strings Market Size & Volume Forecast By Distribution Channels 8.6.1 Online 8.6.2 Offline 8.7 Basis Point Share (BPS) Analysis By Distribution Channels 8.8 Absolute $ Opportunity Assessment By Distribution Channels 8.9 Market Attractiveness Analysis By Distribution Channels Chapter 9 Europe Natural Gut Tennis Strings Analysis and Forecast 9.1 Introduction 9.2 Europe Natural Gut Tennis Strings Market Size & Volume Forecast by Country 9.2.1 Germany 9.2.2 France 9.2.3 Italy 9.2.4 U.K. 9.2.5 Spain 9.2.6 Russia 9.2.6 Rest of Europe 9.3 Basis Point Share (BPS) Analysis by Country 9.4 Absolute $ Opportunity Assessment by Country 9.5 Market Attractiveness Analysis by Country 9.6 Europe Natural Gut Tennis Strings Market Size & Volume Forecast By Distribution Channels 9.6.1 Online 9.6.2 Offline 9.7 Basis Point Share (BPS) Analysis By Distribution Channels 9.8 Absolute $ Opportunity Assessment By Distribution Channels 9.9 Market Attractiveness Analysis By Distribution Channels Chapter 10 Asia Pacific Natural Gut Tennis Strings Analysis and Forecast 10.1 Introduction 10.2 Asia Pacific Natural Gut Tennis Strings Market Size & Volume Forecast by Country 10.2.1 China 10.2.2 Japan 10.2.3 South Korea 10.2.4 India 10.2.5 Australia 10.2.6 South East Asia (SEA) 10.2.6 Rest of Asia Pacific (APAC) 10.3 Basis Point Share (BPS) Analysis by Country 10.4 Absolute $ Opportunity Assessment by Country 10.5 Market Attractiveness Analysis by Country 10.6 Asia Pacific Natural Gut Tennis Strings Market Size & Volume Forecast By Distribution Channels 10.6.1 Online 10.6.2 Offline 10.7 Basis Point Share (BPS) Analysis By Distribution Channels 10.8 Absolute $ Opportunity Assessment By Distribution Channels 10.9 Market Attractiveness Analysis By Distribution Channels Chapter 11 Latin America Natural Gut Tennis Strings Analysis and Forecast 11.1 Introduction 11.2 Latin America Natural Gut Tennis Strings Market Size & Volume Forecast by Country 11.2.1 Brazil 11.2.2 Mexico 11.2.3 Rest of Latin America (LATAM) 11.3 Basis Point Share (BPS) Analysis by Country 11.4 Absolute $ Opportunity Assessment by Country 11.5 Market Attractiveness Analysis by Country 11.6 Latin America Natural Gut Tennis Strings Market Size & Volume Forecast By Distribution Channels 11.6.1 Online 11.6.2 Offline 11.7 Basis Point Share (BPS) Analysis By Distribution Channels 11.8 Absolute $ Opportunity Assessment By Distribution Channels 11.9 Market Attractiveness Analysis By Distribution Channels Chapter 12 Middle East & Africa (MEA) Natural Gut Tennis Strings Analysis and Forecast 12.1 Introduction 12.2 Middle East & Africa (MEA) Natural Gut Tennis Strings Market Size & Volume Forecast by Country 12.2.1 Saudi Arabia 12.2.2 South Africa 12.2.3 UAE 12.2.4 Rest of Middle East & Africa (MEA) 12.3 Basis Point Share (BPS) Analysis by Country 12.4 Absolute $ Opportunity Assessment by Country 12.5 Market Attractiveness Analysis by Country 12.6 Middle East & Africa (MEA) Natural Gut Tennis Strings Market Size & Volume Forecast By Distribution Channels 12.6.1 Online 12.6.2 Offline 12.7 Basis Point Share (BPS) Analysis By Distribution Channels 12.8 Absolute $ Opportunity Assessment By Distribution Channels 12.9 Market Attractiveness Analysis By Distribution Channels Chapter 13 Competition Landscape 13.1 Natural Gut Tennis Strings Market: Competitive Dashboard 13.2 Global Natural Gut Tennis Strings Market: Market Share Analysis, 2020 13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 13.3.1 BABOLAT 13.3.2 KLIP 13.3.3 Luxilon 13.3.4 Wilson Sporting Goods 13.3.5 Volkltennis 13.3.6 SIGNUM PRO 13.3.7 Angelo Oehms 13.3.8 Emerson Corporation 13.3.9 GAMMA Sports 13.3.10 PACIFIC Europe GmbH
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Major manufacturers in the market are profiled on the basis of their revenue, recent developments, business and financial characteristics, and global presence.
According to this Growth Market Reports report, the natural gut tennis strings market is expected to register a CAGR of 3.6% during the forecast period, 2021-2028, with an anticipated valuation of USD 13.46 mn by the end of 2028.
In addition to the market size (in US$ Million), the market volume (K Units), the company market share (in % for base year 2020), and quality parameter overview is provided.
The base year considered for the global natural gut tennis strings market report is 2020. The complete analysis period is 2018 to 2028, whereas, 2018, and 2019 are the historic years, and the forecast is provided from 2021 to 2028.
The market is expected to register a significant decrease in growth between 2019 and 2020, owing to the negative impact of the COVID 19 pandemic on the natural gut tennis strings market.
Rising preference for tension retention material and increasing demand for flexibility in tennis racquets are expected to drive the market during the forecast period.
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