Rise in Interest towards Playing Tennis Anticipated to Drive Global Tennis Shoes Marketby Rati Ram Business Developer
According to study, “Global Tennis Shoes Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” the key companies operating in the global tennis shoes market are Nike, K-Swiss, Adidas AG, New balance, Asics, Dunlop, Wilson, Reebok, Puma SE, Skechers USA Inc., Mizuno, Yonex, Lining, Babolat, Peak, Diadora, Lotto, Joma, Fila, Head. The key players are focusing on developing innovative technologies to rise the stability of tennis shoes and make them comfortable.
World is becoming an increasingly becoming a health-conscious, which is irrespective of age, sex and demographic turning towards different sports, and outdoor activities. The change in lifestyle preferences also boosted interest towards different sportswear industry. This growing awareness of being fit, healthy and also led to a massive increase in civilized stiff competition and have compelled brands to frequently adopting a new plans, disburse new products and assemblies, etc for retaining their market position.Rise in national and international events globally increased consciousness for sports participation, and has led to increase in adoption of shoes over the forecast period.
Tennis shoes are sports shoes,designed to give players and athletes a great grip allowing support, comfort, and traction. There are different varieties of tennis shoes designed for use on the grass courts, hard courts and clay as well. These varieties comprise of a rubber sole made of leather or canvas. These rubber soles are the lightweight and flexible with the upper arch.These shoes allows the player to be able to move fast from side to side, back and forward and with being quick & efficient push offs and more. Numerous tennis shoe manufacturers are supporting events at national and international levels to gain competitive advantage as well as expanding the consumer base.
Based on type, tennis shoes market is segmented into clay-court tennis shoes, hard-court tennis shoes and grass-court tennis shoes. Based on distribution channel, market is segmented into offline channel and outline channel. Based on mass level, market is segmented into female tennis shoes, male tennis shoes and children tennis shoes. Female tennis shoes segment is anticipated to witness higher growth rate owing to change in scenario to encourage women to participate actively in sports during the forecast period.
The tennis shoes market is driven by growth in number of retail outlets, followed by rise in disposable income, increase in health awareness, rise in interest & rate of participation in tennis and growth in innovative product launches.However, increase in prices of raw materials may impact the market. Moreover, change in consumer lifestyle is a key opportunity for market.
Based on geography, the North-American region holds major share in tennis shoes market owing to high enthusiasm among the citizens for tennis and high cost of labor & raw materials in the region. The Asian-Pacific and European regions are anticipated to exhibit higher growth rate due to growth in young population and rise in penetration of e-commerce over the forecast period. The global market is projected to grow at a CAGR of approximately 2.1% over the next five years, will reach US $1300 million in 2024, from US $1150 million in 2019.
For more information on the research report, refer to below link:-
Ankur Gupta, Head Marketing & Communications
Created on Jan 28th 2020 03:27. Viewed 1,142 times.