Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors of the tennis apparel, footwear and accessories market are focused on deploying different strategies such as implementing innovative and offering unique designs and quality to cater to the demands of the customers to compete in the market.
adidas AG, Amer Sports Corp., ASICS Corp., Fila Holdings Corp., Lotto sport Italia Spa, New Balance Athletics Inc., Nike Inc., PUMA SE, The Gap Inc., Under Armour Inc. among others are some of the few key vendors competing to maintain their market position in the market.
Various players in the market are engaging in launching differentiated products to up their game in the tennis apparels, footwear and accessories industry. For instance, The Asics Corp. offers Solution Speed FF tennis footwear which is specially designed with advanced TWISTRUSS technology to enhance speed and agility during gameplay. Similarly, Nike Inc. has various Nike Pro tops, t-shirts, hoodies and pullovers and other accessories for football, basketball, golf. Skateboard and tennis.
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
- Segmentation by Product:
- Offline:
- The offline segment comprises of hypermarkets, supermarkets, departmental stores are the most popular and preferred channels for a wide range of sports products, this is one of the key factors driving the tennis apparels, footwear, and accessories market in the US during the forecast period.
- The offline stores for sports products and accessories allow the consumers a proper assortment under a single roof. Moreover, factors such as discounts and other variety of offers enhance the shopping experience and encourage the consumers to buy the products offline. This also allows the offline retail channels to apply competitive pricing by offering discounts.
- Online
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Regional Market Outlook
North America will contribute 37% of the market growth during the forecast period. The growth of this region can be attributed to the increase in awareness of health benefits from sports. As per the June 2020 published data from CDC, the frequency of occurrence of obesity in the population of the US was 42.4% in 2017-2018. Obesity further leads to various chronic medical conditions resulting in premature death. Therefore, the growing prevalence of such chronic medical conditions is promoting awareness of fitness through popular sports like tennis. Moreover, there has been funding for establishing new tennis facilities. This is offering immense growth opportunities for the tennis apparel, footwear and accessories market.
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Latest Trends, Driving the Tennis Apparel, Footwear and Accessories in US Market
- Market Driver:
- The rise in working women population:
The growth in the working women population is one of the key drivers for the tennis apparel, footwear and accessories market growth in the US, as the overall disposable income of households has increased resulting in an increase in the spending power of the population on these products. Moreover, these products are considered as fashion products and women are more fashion-conscious and focused on personal appearance. Thus, the working women population and rise in spending power of these women is estimated to fuel the demand for apparel, accessories, and luxury goods during the forecast period.
- Market Trend:
- The increased awareness of health benefits due to sports:
Due to high-stress levels at workplaces, hectic office schedules, and rise in the frequency of health-related issues, there has been growing awareness about healthy lifestyles which is encouraging people to opt for regular exercise for being healthy and reduce the risks related to chronic medical conditions like obesity, heart diseases, diabetes, and depression. Moreover, people are turning towards playing sports like Tennis or Badminton for fitness rather than working out for reducing stress, burning excess calories, and reducing the chances of developing such unhealthy conditions. Thus, the tennis apparel, footwear and accessories market is expected to get positively impacted during the forecast period.
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Tennis Apparel, Footwear, And Accessories Market In US Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
Market growth 2021-2025 |
$ 173.10 million |
Market structure |
Fragmented |
YoY growth (%) |
5.43 |
Key consumer countries |
US, Germany, China, UK, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
adidas AG, Amer Sports Corp., ASICS Corp., Fila Holdings Corp., Lotto sport Italia Spa, New Balance Athletics Inc., Nike Inc., PUMA SE, The Gap Inc., and Under Armour Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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