The import of lawn-tennis rackets to India is on a steady upward trend from 2024 to 2028, with volumes increasing each year. From the actual data of 2023 to the projected data for 2024, there is a noticeable growth, continuing in the following years. The year-on-year import volume growth rate is approximately 2.3% for the forecasted period up to 2028. Over the entire forecasting horizon, the Compound Annual Growth Rate (CAGR) is estimated to be consistent, reflecting a stable demand increase in the Indian market.
Future trends to watch for include:
- The impact of increasing sports participation and tennis popularity in India on import volumes.
- Potential fluctuations in demand due to economic conditions or shifts in consumer preferences.
- The effect of local manufacturing initiatives on the import levels of sports equipment.