The Lawn-Tennis Rackets market in Australia was valued at $25.34 million in 2023. Forecasted data shows a slight decline over the next few years, with the market expected to reach $24.136 million by 2028. The year-on-year percentage variations illustrate a consistent decline: -1.22% from 2024 to 2025, -1.21% from 2025 to 2026, -1.21% from 2026 to 2027, and -1.20% from 2027 to 2028. The compound annual growth rate (CAGR) over the 5-year period from 2023 to 2028 is -1.21%.
Future trends to watch for include:
• Potential changes in consumer habits and preferences towards more innovative or sustainable racket designs.
• Impact of economic factors such as inflation or shifts in disposable income on discretionary spending.
• Advances in technology leading to the development of new materials affecting racket production and performance.
