The year marks a significant turning point for tennis in the Chinese mainland, heralding a new chapter in the sport’s development within the country. Riding the wave of enthusiasm generated by the Paris Olympics, tennis is witnessing a resurgence, transcending regions and cultures, and making substantial inroads across local markets.
As tennis expands its influence in this oriental nation, the sport is not only capturing the hearts of millions but also sparking considerable business opportunities. According to data from iiMedia Research, the number of tennis participants in China is projected to reach 23.81 million in 2024, with expectations to surpass 30 million by 2029.
This surge in participation is mirrored by the robust growth of the tennis industry. The market size of China’s tennis industry is projected to reach 36.75 billion yuan ($5.16 billion) this year. With an annual compound growth rate of 11 percent, the industry is expected to expand to 62.49 billion yuan by 2029.
The burgeoning interest in tennis presents a wealth of opportunities for investors, entrepreneurs, and businesses alike. From infrastructure development and sports equipment manufacturing to coaching services and event management, various sectors stand to benefit from the sport’s rising popularity.
Academics and researchers are also taking note of this trend, analyzing the social and economic impacts of tennis’s growth on Chinese society. For the Asian diaspora communities and travelers, the blossoming tennis culture adds a new dimension to China’s rich tapestry of cultural and recreational offerings.
As tennis continues to gain momentum in China, it not only fosters a healthier lifestyle among its participants but also contributes significantly to the country’s economic landscape. The synergy between sports and business underscores the dynamic and influential role that China plays in the global arena.
Reference(s):
cgtn.com
