It is anticipated that the global tennis and golf (Apparel and footwear) market will register a CAGR of 2.53% From 2022 to 2027.
Tennis apparel includes tennis shorts, headgear, skirts, tracks, and jackets. An increasing number of tennis tournaments being conducted across the world is one of the most important factors that are driving the market for the global tennis apparel market. It is anticipated that the growing popularity of tennis will also have an impact on the growth of the market in the next five years. It is evident that the market has potential given the popularity of tennis tournaments like Wimbledon, Australian Open, and US Open.
Nike's New Serena Williams Building is the equivalent of 140 tennis courts in size.
Nike has unveiled the new Serena Williams Building (SW) at their world headquarters in Beaverton, and it's quite a sight. At 1 million square feet – the equivalent of 140 tennis courts – it is their largest building to date and represents the brand's largest investment in fostering design and creativity.
The floor plan is enormous, so here are some key figures. Nike Consumer Creation teams have been allocated 200,000 square feet of lab space for R&D across footwear and clothing categories. The showrooms and office space have received 140k. Other interesting areas include a footwear materials library, a colour lab, and the two-story Olympia Theatre (named after Williams' daughter), which seats 140 people.
By Type, Tennis (Apparel and Footwear) and Golf (Apparel and Footwear) Market has been segmented into
By Distribution Channel, Tennis (Apparel and Footwear) and Golf (Apparel and Footwear) Market has been segmented into
By Application, Tennis (Apparel and Footwear) and Golf (Apparel and Footwear) Market has been segmented into
By End-user, Tennis (Apparel and Footwear) and Golf (Apparel and Footwear) Market has been segmented into
Tennis and golf rose in both apparel and footwear dollar sales, with strong gains in the mass market and moderate gains at specialty retailers. Increases were broad-based, with the 26% rise in tennis apparel sales spread across all channels and price segments. Within golf, 37% gains in footwear were led by Foot Locker, while Abercrombie & Fitch led apparel gains with a 38% increase. Both brands had been discounting heavily; as a result, ending-price growth was more moderate at 6%. Starter jackets saw the largest sale increase in sports apparel at 34%, while outerwear showed the largest gain in sports footwear at 43%.
Europe is expected to dominate the Tennis (Apparel and Footwear) and Golf (Apparel and Footwear) market share in the forthcoming years due to the widespread presence of distribution channels. North America, on the other hand, is set to grow rapidly because of the rising popularity of western food products. In Asia Pacific, the market is set to show considerable progress owing to the improved lifestyle of the majority of people in this region.
Forecast Period 2022 to 2028 CAGR
CAGR of 2.53 % during the review period (2022 to 2027).
NIKE, Inc. (NYSE:NKE), adidas AG (XETRA:ADS.DE), Sports Memorabilia (CUL:^SPORTS.REGA), Babolat, ASICS, Direxion Hydrogen ETF (NYSEArca:HJEN), Lotto Sport Italia, New Balance, Sneakers, Taylormade Renewables Limited (BSE:TRL.BO), Le coq Sportif, Ralph Lauren, Under Armour, Acushnet Holdings Corp, PUMA SE
2017 to 2021
2022 to 2027
Number of Pages
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What is the study period of this market?
The Tennis (Apparel and Footwear) and Golf (Apparel and Footwear) Market is studied from 2017 - 2027.
What is the growth rate of Tennis (Apparel and Footwear) and Golf (Apparel and Footwear) Market?
The Tennis (Apparel and Footwear) and Golf (Apparel and Footwear) Market is growing at a CAGR of 2.53% over the next 5 years.
Who are the key players in Tennis (Apparel and Footwear) and Golf (Apparel and Footwear) Market?
Nike, Adidas, Amer Sports, Babolat, ASICS, Hydrogen, Lotto Sport Italia, New Balance, Sneakers, TaylorMade, Le coq Sportif, Ralph Lauren, Under Armour, Acushnet Holdings Corp, PUMA SE
What regions do this Tennis (Apparel and Footwear) and Golf (Apparel and Footwear) Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Tennis (Apparel and Footwear) and Golf (Apparel and Footwear) Market?
Tennis Apparel, Tennis Footwear, Golf Apparel, Golf Footwear
What are the major end-use applications of Tennis (Apparel and Footwear) and Golf (Apparel and Footwear) Market?
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