Rise in Interest towards Playing Tennis Anticipated to Drive Global Tennis Shoes Market
by Rati Ram Business DeveloperAccording 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:-
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Clay Courts Tennis Shoes Market Analysis 2013-2018 and Forecast 2019-2024
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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