| Product Code: ETC125503 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Philippines tennis racket import market experienced rapid growth from 2020 to 2024, with a remarkable CAGR of 82.12%. In 2024, top exporting countries to the Philippines included China, Switzerland, USA, Spain, and Taiwan, Province of China. Despite the diverse sources, the market remained highly concentrated, as indicated by the high HHI. The impressive growth rate of 64.5% from 2023 to 2024 suggests a continuing trend of increasing demand for tennis rackets in the Philippines, highlighting a lucrative opportunity for stakeholders in the industry.
Philippines Tennis Rackets market is expected to register a CAGR of over 7.9% during the forecast period 2025-2031. The Philippines tennis racket market has witnessed significant growth in recent years due to rising participation in recreational and professional sports, increasing disposable incomes, and availability of cost-effective products from international brands such as Wilson, Yonex, Head etc. Moreover, technological advancements for lighter & durable rackets have been driving the sales across the nation
Advances in materials technologies used for making tennis racquets is offering more strength & durability at lower costs which makes them highly popular among budget conscious customers
Rising awareness about fitness and health benefits associated with playing outdoor sports is anticipated to spur demand for tennis rackets across all age groups in coming years. Further, flourishing tourism sector coupled with growing number of recreational activities organized by travel agencies is providing thrust to market???s revenue growth over past few years.
Major players operating within Philippines Tennis Rackets Market include Wilson Sporting Goods Co., Yonex Corporation, Babolat SA , HEAD Nederland BV , Pacific Coast Sports LLC , Prince Sports Inc., Tecnifibre SASU etc.. These companies are focusing on expanding their presence through strategic partnerships and collaborations along with launching new innovative products into local market that can effectively capture customer base
Philippines Tennis Rackets |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Tennis Rackets Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Tennis Rackets Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Tennis Rackets Market - Industry Life Cycle |
3.4 Philippines Tennis Rackets Market - Porter's Five Forces |
3.5 Philippines Tennis Rackets Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Philippines Tennis Rackets Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 Philippines Tennis Rackets Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Tennis Rackets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Tennis Rackets Market Trends |
6 Philippines Tennis Rackets Market, By Types |
6.1 Philippines Tennis Rackets Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Philippines Tennis Rackets Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 Philippines Tennis Rackets Market Revenues & Volume, By Carbon Fiber, 2021-2031F |
6.1.4 Philippines Tennis Rackets Market Revenues & Volume, By Aluminium, 2021-2031F |
6.1.5 Philippines Tennis Rackets Market Revenues & Volume, By Others, 2021-2031F |
6.2 Philippines Tennis Rackets Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Philippines Tennis Rackets Market Revenues & Volume, By Core Player, 2021-2031F |
6.2.3 Philippines Tennis Rackets Market Revenues & Volume, By Amateur, 2021-2031F |
6.3 Philippines Tennis Rackets Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Philippines Tennis Rackets Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Philippines Tennis Rackets Market Revenues & Volume, By Offline, 2021-2031F |
7 Philippines Tennis Rackets Market Import-Export Trade Statistics |
7.1 Philippines Tennis Rackets Market Export to Major Countries |
7.2 Philippines Tennis Rackets Market Imports from Major Countries |
8 Philippines Tennis Rackets Market Key Performance Indicators |
9 Philippines Tennis Rackets Market - Opportunity Assessment |
9.1 Philippines Tennis Rackets Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Philippines Tennis Rackets Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 Philippines Tennis Rackets Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Tennis Rackets Market - Competitive Landscape |
10.1 Philippines Tennis Rackets Market Revenue Share, By Companies, 2024 |
10.2 Philippines Tennis Rackets Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |