The lawn-tennis rackets market in China experienced fluctuations over the past decade, reaching a value of approximately 107.75 million USD in 2023. The market saw positive growth post-2015, followed by a stabilization phase. The year-on-year growth rates varied significantly, with a high during 2015 and moderate gains or losses thereafter. From 2013 to 2023, periods of both increase and decline in the market were observed. The compound annual growth rate (CAGR) from 2019 to 2023 was relatively modest at 1.24%.
Looking forward, the market is expected to continue its slight upward trend, with a forecasted 5-year CAGR of 0.37%, leading to a market size of about 110.28 million USD by 2028. This indicates stable but slow growth, reflecting maturity and potentially saturated market conditions.
Future trends to watch include:
- Growing interest in sports and wellness may spur demand for recreational activities, influencing racket sales.
- Technological advancements in racket materials could stimulate consumer interest and market expansion.
- The impact of sports promotion policies by the Chinese government, possibly enhancing grassroot participation rates.
