Transparency Market Research has published a new report, according to which, the global tennis ball machines market was valued at US$ 26.0 Mn in 2017 and is projected to reach US$ 33.6 Mn in terms of revenue by 2027, growing at a CAGR of 2.9% from 2019 to 2027. The report anticipates the Asia Pacific region to show the fastest growth rate during the forecast period owing to the rise in number of tennis players and product innovation among manufacturers.
The TMR report states that the usage of tennis ball machines has augmented across the world. Tennis was perceived as a game for rich people and this trend has been changing over a period of time. Many kids have started to play tennis from an early age, encouraging them to eventually play the game professionally. After the Beijing and Rio Olympics, China is investing in the development of sports and tennis players. Tennis machines used to be costly and afforded only by a few people or by sports clubs and federations. These machines earlier were heavy to carry. Portable machines are now available in the market due to various innovations and developments in tennis ball machines. These machines are comparatively less costly than traditional machines which were heavy and non-movable.
The TMR report anticipates the light weight tennis ball machines, in terms of type segmentation, to have highest growth opportunity as these machines are more user friendly compared to the heavyweight ones. They are easy to handle and carry and makes it a perfect consumer choice. Moreover, light weight machines are a perfect fit for young and amateur tennis players to start from scratch. Based on ball capacity, tennis ball machines having capacity of less than 150 accounted for major market share of 35% in 2017. One of the growing trends in the lawn tennis industry is proliferation of young tennis players. With the entry of inexperienced and amateur players in the industry, tennis balls with low ball capacity proves to be a perfect fit for young tennis players.
From a regional perspective, in terms of revenue, North America accounted for major market share of approximately 40% in 2017 followed by Europe. According to the report, this is due to popularity of tennis as a sport since ages. Moreover, presence of better infrastructure, government initiatives by funding for tennis sports training across various schools and universities, coupled with initiatives of popularizing tennis among the younger generation have resulted in the dominance of the region in the tennis ball machine market.
The tennis ball machines market consists of a large number of private players. Product innovation and advancements in technology are the major competitive strategies adopted by top players in the tennis ball machines market. Some of the major players operating in the tennis ball machines market are profiled in this report and these include Ace Attack, Deuce Industries Limited (Silent Partner Tennis), Dongguan SIBOASI Sports Goods Technology Co., LTD, Lobster Sports, Inc., Metaltek (Playmate), Spinfire Sport, Spinshot Sports, Sports Attack, LLC, Sports Tutor Inc., and Staber Industries, Inc. (Match Mate Tennis).
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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