NEW YORK, January 17, 2022 /PRNewswire/ — The tennis apparel market in america is fragmented due to the presence of several national and international suppliers. Many established players in the market compete with each other in terms of price, quality, brand and variety. Additionally, vendors are adopting various growth strategies such as product innovations and expanding offline retail stores to increase their market shares. The market is also witnessing an increase in expenditure by vendors for the development of advanced products and the entry of new players. These factors are expected to intensify competition in the market.
Technavio expects the tennis apparel market in the Americas to grow by $94.70 million between 2020 and 2025, growing at a CAGR of nearly 4% over the forecast period.
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adidas AG, ANTA Sports Products Ltd., ASICS Corp., Babolat Co., Fila Holdings Corp., Lotto sport Italia Spa, Nike Inc., PUMA SE, Sumitomo Rubber Industries Ltd. and Under Armor Inc. are among the major market participants.
The increasing adoption of a healthy lifestyle will provide immense opportunities for growth. However, the threat of counterfeit products will test the growth of market players. To make the most of the opportunities, sellers in the market should focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
This study identifies the expanding landscape of online retail and distribution as one of the major reasons for the growth of the tennis apparel market in the Americas over the next few years.
Tennis Apparel Market in Americas 2021-2025: Segmentation
The Tennis Apparel Market in the Americas is segmented as follows:
- Final user
- Distribution channel
- Geography
- we
- Canada
- Brazil
- Argentina
- Rest of the Americas
By end-user, the market has observed maximum demand for tennis apparel from men. The growth of the segment can be attributed to the growing number of male tennis players. Additionally, the increasing fashion sense among men coupled with the growing demand for aesthetic appeal of the apparel used in tennis is contributing to the growth of the segment.
By distribution channel, the offline segment accounted for the maximum in tennis apparel sales. Many vendors operating in the Americas are focused on expanding their presence by increasing the number of retail stores. Also, a large number of individuals in the region prefer offline stores as they offer a wide product portfolio, enable more accurate product valuation, and provide consumers with necessary support and information.
In terms of geography, the market will witness significant growth in the United States over the forecast period. The growing popularity of tennis and the continuous increase in the number of tennis players are driving the growth of the tennis apparel market in the United States. Additionally, increasing funding for the construction of new tennis courts and the upgrading of existing tennis courts are contributing to the growth of the regional market.
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Tennis Apparel Market in the Americas 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the America Tennis Apparel Market. Drawing on competitive insights and benchmarking, our Americas Tennis Apparel Market research report is designed to provide entry support, customer profile and mergers and acquisitions as well as strategic support of placing on the market.
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Tennis Apparel Market in the Americas 2021-2025: Key Highlights
- Market CAGR over the forecast period 2021-2025
- In-depth information on factors that will contribute to the growth of the Americas Tennis Apparel Market over the next five years
- Estimation of the size of the tennis apparel market in the Americas and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the tennis apparel market in America
- Market Competitive Landscape Analysis and Detailed Vendor Information
- Comprehensive details of the factors that will challenge the growth of the Americas Tennis Apparel Market vendors
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United States Tennis Apparel, Shoes and Accessories Market by End-User, Distribution Channel, and Geographic Forecast and Analysis 2022-2026
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Scope of the tennis apparel market in the Americas |
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Report cover |
Details |
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Page number |
120 |
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base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 4% |
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Market Growth 2021-2025 |
$94.70 million |
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Market structure |
Fragmented |
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Annual growth (%) |
3.05 |
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Regional analysis |
United States, Canada, Brazil, Argentina and rest of the Americas |
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Successful market contribution |
United States at 71% |
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Main consumer countries |
United States, Brazil, Canada and Argentina |
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Competitive landscape |
Leading companies, competitive strategies, scope of consumer engagement |
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Profiled companies |
adidas AG, ANTA Sports Products Ltd., ASICS Corp., Babolat Co., Fila Holdings Corp., Lotto sport Italia Spa, Nike Inc., PUMA SE, Sumitomo Rubber Industries Ltd. and Under Armor Inc. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period. |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
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Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.
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