IMARC Group has recently released a new research study “Tennis Shoes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Tennis Shoes Industry?
The global tennis shoes market size reached US$ 2.27 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.77 Billion by 2027, exhibiting a growth rate (CAGR) of 3.25% during 2022-2027.
What is a Tennis Shoes?
Tennis shoes represent athletic footwears that are designed with synthetic materials and have flexible rubber soles. They can be categorized into hard court tennis shoes, clay court tennis shoes, grass court tennis shoes, etc. These tennis shoes are made using shock-absorbing materials that provide enhanced traction and support during jerky movements. They even feature extra rubber padding that can effectively bear extra wear and tear and ensures lateral support to the foot movement, thereby preventing players from rolling on their ankles during swift movements. As a result, tennis shoes are extensively used by both male and female tennis players across countries.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the Tennis Shoes Market ?
The growing participation of individuals in sports activities across the globe and the increasing popularity of tennis are among the key factors driving the Tennis shoes market. In addition to this, the elevating adoption of these shoes in schools and colleges for encouraging students to participate in tennis tournaments is also positively influencing the market growth.
Besides this, the rising focus among leading market players on research and development (R&D) activities to introduce shoe models according to the foot type of athletes is acting as another significant growth-inducing factor. In line with this, the introduction of innovative shoes customized with improved shock absorption technology in the forefoot and heel to prevent injuries and offer maximum comfort is further stimulating the global market. Moreover, the expanding online and offline distribution channels that provide a comprehensive range of products at discounted prices and the escalating usage of advanced and environment-friendly shoe manufacturing processes are expected to propel the Tennis shoes market over the forecasted period.
Who are the leading players in the Tennis Shoes Market ?
Adidas AG, ANTA Sports Products Limited, ASICS Corporation, Babolat, Diadora S.p.A. (Geox S.p.a), FILA Holdings Corp., Lotto Sport Italia S.p.A., Mizuno Corporation, New Balance Inc., Nike Inc., Reebok International Limited (Authentic Brands Group LLC), Xtep International Holdings Limited and Yonex Co. Ltd.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Playing Surface:
· Hard Court Tennis Shoes
· Clay Court Tennis Shoes
· Grass Court Tennis Shoes
Breakup by Application:
· Men
· Women
· Kids
Breakup by Distribution Channel:
· Supermarkets and Hypermarkets
· Specialty Stores
· Online Stores
· Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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