Irving, Texas (PRWEB) September 10, 2012
The global tennis equipment manufacturing industry experienced a decline during the last five years. The industry, however, is expected to witness slow growth at a 1.2% CAGR over the next five years(2012-2017) and reach an estimated value of US$607million in 2017.
Lucintel, a leading global management consulting and market research firm, has analyzed the global tennis equipment manufacturing industry and presents its findings in “Global Tennis Equipment Manufacturing Industry 2012-2017: Trend, Profit and Forecast Analysis.”
The tennis equipment manufacturing industry is highly consolidated. Europe dominates this market and represents 41% of the global industry. A combination of factors such as demographics, increasing participation, economic stability, and consumer spending habits significantly influences industry dynamics.
Lucintel’s research indicates that the industry declined considerably during 2010-2011 due to the ongoing economic downturn,which led to caution among many consumers as their income remained stagnant or declined.A reduction in funds available for recreational activities forced some consumers to relinquish club memberships. Declining markets in the US and Japan further aggravated the condition.
Asia Pacific (APAC) and Europe are expected to have the most potential for growth in the tennis equipment manufacturing industry as China’s government is promoting a healthier lifestyle and sports participation among its people. Major European countries signal a positive outlook from led by upcoming tournaments such as the Tennis Grand Slam events such as Wimbledon and the French Open championships.
As indicated in Lucintel’s study, increasing tennis participation and the popularity of tennis events, expanding the reach of youth tennis, favorable demographic trends and changes, new product technology, and improving product features are crucial to boosting the industry’s performance. The industry is expected to face certain challenges such as the current uncertain economic situation worldwide, maintaining a stable participation rate, increasing raw material and labor costs, rising inflation in emerging economies, and frequent changes in consumer preference.
This study provides an overview of the global tennis equipment manufacturing industry. The report tracks two market segments for four geographic regions; thus, it covers eight segments of the industry.
For a detailed table of contents and pricing information on this timely, market report, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org.Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.