Natural Gut Tennis Strings Market Size, Share, Analysis 2030

Report Description

Natural Gut Tennis Strings Market Outlook

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 of 3.6% 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.

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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.

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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.

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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