IMARC Group, a leading market research company, has recently releases report titled Tennis Shoes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the global Tennis Shoes market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is The Tennis Shoes Market?
The global tennis shoes market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects themarket to reach US$ 2.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028.
What are 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.
What Are The Growth Prospects And Trends In The Tennis Shoes Industry?
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 (RD) 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.
What Is Included In Market Segmentation?
The report has segmented the market into the 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
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who Are The Key Players Operating In The Industry?
The report covers the major market players including:
- 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.
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