Between 2012 and 2022, the lawn-tennis rackets market size value per capita in Australia showed an initial upward trend but gradually declined from 1.37 in 2012 to 0.99 in 2022. In the last two years, the value remained stable around 0.99, showing a slight increase in 2021. Over a five-year period, this signifies a negative compound annual growth rate (CAGR), reflecting a consistent decrease in demand or market saturation.
Future trends to watch:
- Potential resurgence in tennis popularity or initiatives promoting sports could drive future growth.
- Technological advancements in rackets might spur consumer interest and market expansion.
- Increased awareness and investment in health and fitness could positively impact market values.
