The Lawn-Tennis Rackets market in Japan has undergone significant fluctuations over the past decade. Beginning in 2012, the market experienced a steady decline until 2013, followed by periods of growth through 2016. However, 2017 marked the start of a downturn, accelerating through 2019 with a notable drop in market value by 2020. Despite a minor uptick in 2021, the market continued to decline, falling to $132.71 million in 2022. Over the last five years, the average yearly variation (CAGR) was -8.6%, indicating a persistent downward trend.
Future trends to watch for in this market include technological advancements in racket materials, shifts in consumer preferences towards health and wellness, and potential market recovery post-pandemic. The 2024 forecast will be instrumental in determining whether the market has the resilience to bounce back from its prolonged decline.
