Tennis Wear Market By Type (Apparel, Footwear, Accessories) , By Price Range (Premium, Economy) By End User (Men, Women, Children) By Distribution Channel (B2B, Specialty Stores, Departmental Stores, Online Sales Channel, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2034
Tennis Wear Market
The tennis wear market was valued at $29.8 billion in 2023 and is projected to reach $43.8 billion by 2034, growing at a CAGR of 3.6% from 2024 to 2034.
Tennis wear is the specialized form of clothing designed to ensure the convenience of players while playing. Tennis is a sport the requires significant running and several quick moves & twists. Therefore, flexible clothing and accessories are essential for athletes to play freely on the court. The key features of tennis wear include breathability, light weight, optimal grip, and moisture wicking.
Increase in the popularity of tennis across different sectors, including school programs, community leagues, and large tournaments is a significant driver of the tennis wear market. In addition, rise in the popularity of athleisure fashion augments the growth of the market as consumers are purchasing tennis wear for casual purposes. A latest trend acquiring traction in the tennis wear market is the utility of smart technologies for the development of apparels. Manufacturers are leveraging the capabilities of nanotechnology to develop quick-drying, sweat-proof, and water-resistant clothing with refined breathability. Furthermore, they are utilizing features such as compression fits & mesh panels to reduce tiredness and provide comfort to players in the court.
However, the trend of fast fashion presents stringent competition to the conventional tennis wear, hampering the development of the market. Moreover, the presence of several market players results in pricing pressures and reduced profitability, which restraints the growth of the tennis wear market. On the contrary, efforts by stakeholders to promote sustainability through tennis wear are anticipated to open new avenues for the market. Giant sportswear brands such as Adidas have established specific sustainability targets and are utilizing recycled polyester, wood-based fibers, mycelium, & ocean plastic to create eco-friendly apparel. With an exponentially growing environment-conscious population, the tennis wear market is poised to witness lucrative opportunities in the future.
Segment ReviewThe tennis wear market is segmented into type, price range, end user, distribution channel, and region. On the basis of type, the market is divided into apparel, footwear, and accessories. Depending on price range, it is bifurcated into premium and economy. As per end user, it is classified into men, women, and children. By distribution channel, it is categorized into B2B, specialty stores, departmental stores, online sales channel, others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the apparel segment held a high share of the market in 2023.
Depending on price range, the economy segment acquired a high stake in the market in 2023.
As per end user, the men segment dominated the market in 2023.
By distribution channel, the B2B segment accounted for a high market share in 2023.Region-wise, North America was the highest revenue generator in 2023.
Competition AnalysisThe leading players operating in the global tennis wear market include Nike, Inc., Adidas AG, Wilson Sporting Goods Co., Under Armour, Inc., Puma SE, Babolat, ASICS Corporation, Fila Holdings Corp., Groupe Lacoste S.A., and K-Swiss Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Key Market SegmentsBy TypeApparel
Footwear
Accessories
By Price RangePremium
Economy
By End UserMen
Women
Children
By Distribution ChannelB2B
Specialty Stores
Departmental Stores
Online Sales Channel
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market PlayersNike, Inc.
Adidas AG
Wilson Sporting Goods Co.
Under Armour, Inc.
Puma SE
Babolat.
ASICS Corporation
Fila Holdings Corp.
Groupe Lacoste S.A.
K-Swiss Inc.