The Lawn-Tennis Rackets market size in India has fluctuated over the past decade, standing at 13.391 Million USD in 2023. Between 2013 and 2023, the market experienced both periods of growth and contraction, with a notable increase in value until 2019, followed by a dip in 2020 due to the pandemic. From 2021 to 2023, the market regained its upward trajectory, though at a more modest pace of around 2.37% in the latest year.
Future forecasts project continued growth from 2024 through 2028, with the market size expected to reach 15.013 Million USD in 2028. The Compound Annual Growth Rate (CAGR) over the next five years is forecasted at 1.8%, indicating steady, albeit slower, growth compared to the previous decade.
Future trends to watch:
- Impact of emerging technologies and materials on racket performance and pricing.
- Changes in consumer behavior and preferences post-pandemic.
- Influence of tennis popularity and participation rates driven by local and international events.