Between 2013 and 2023, China's lawn-tennis balls market showed fluctuations, initially peaking in 2016. A decline followed until 2020, hitting a low after a 10.6% drop. Recovery commenced thereafter, with 2021 seeing a notable 20.7% increase, reaching a market value of $230.39 million by 2023, marking a 5.93% growth from the previous year.
Forecast from 2024 to 2028 indicates a steady positive CAGR of 2.52%, projecting a growth rate of 13.26% over five years. From 2024 onwards, a continued upward trend is expected, achieving a market value of $270.14 million by 2028.
Future trends to watch for:
- Technological advancements improving product durability and performance.
- Growing tennis popularity among younger demographics and urban areas.
- Sustainability factors driving demand for eco-friendly lawn-tennis balls.
- Potential impacts of political and economic shifts on consumer spending habits.
