The Lawn-Tennis Rackets Market in Japan has experienced a notable decrease in value per capita, declining from its peak in 2016 ($1.8) to $0.95 in 2023. The year-on-year drop was particularly pronounced between 2018 and 2023, with a notable 5.32% reduction from 2022 to 2023. Over the past two years (2022-2023), the market decreased by 0.05% annually on average. The five-year CAGR (2019-2023) reveals an average annual decline of 6.99%.
Future Trends to Watch:
- The market may begin to stabilize as innovative racket technologies could drive interest.
- Eco-friendly materials might capture consumers' attention.
- Shifts in sports participation trends and lifestyle changes should be monitored.
