Over the past decade, the Lawn-Tennis Rackets market in Australia has undergone various fluctuations in market size, typically measured by value. From 2012 to 2014, the market experienced modest growth with values peaking at $33.603 million. This was followed by a general declining trend from 2015 onwards, with the lowest point recorded in 2020 at $25.227 million. The market showed slight recovery in 2021 but declined again marginally until 2022.
Key Variations:
- 2013 marked an increase of 6.27% year-on-year.
- 2014 experienced a growth of 1.65%, with a CAGR of 2.91% over the prior four years.
- The market decreased by 3.78% in 2015 and further declined by 6.21% in 2016.
- Significant drop of 11.41% was noted in 2017, with a continued downward trend in subsequent years.
- By 2020, the market saw a 6.1% decrease, but a slight recovery of 4.06% in 2021.
- A minor decline of 1.13% in 2022, rounding off a five-year CAGR of -0.69%.
The forecast for the Lawn-Tennis Rackets market in 2024 indicates potential stabilization after previous years of decline. Trends to watch for include innovations in racket technology, increased interest in tennis as a sport post-pandemic, and potential shifts in consumer spending habits. The market size value in 2023 stands as a crucial reference point for future estimations.
