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Market research analysts at Technavio predict that the global court shoes market will grow steadily during the next four years and post a CAGR of over 2% by 2021. This market research analysis identifies the increasing number of tournaments as one of the primary growth factors for this market. The number of court sports tournaments and matches being organized and played around the world is rising, leading to an increase in the rates of participation in these tournaments. This increase in the number of participants will directly impact the demand for court sports equipment such as court shoes, in turn, contributing to the growth of this market. The Premier Badminton League that is organized and commercially owned by the Badminton Association of India and the China Open, the annual badminton tournament held in China are some of the major tournaments that improve the adoption of court sports.
One of the latest trends that will gain traction in the court shoes market in the coming years is the increased focus on shoe designing. Due to the growing demand for better and more sustainable sports footwear, the vendors are exploring various designing and production techniques and are focusing more on consumer requirements such as comfort, style, and enhancement of performance. Additionally, the vendors are coming up with sustainable compounds like the BioMoGo compound that allows anaerobic microbes to break down the midsole once the shoe is discarded as typically, sports footwear midsoles have been made of EVA (ethylene vinyl acetate), which is the least biodegradable component of a shoe that could be present in landfills for over 1,000 years.
Due to the presence of well-established vendors that have considerable presence in the market, this market appears to be competitive. Vendors in this market have established operations in multiple geographies and are popular among end-consumers with effective penetration levels. The court shoes market is subject to new product innovations and launches during the forecast period.
The leading vendors in the market are -
The other prominent vendors in the market include Amer Sports, AVIA, Columbia Sportswear Company, Nfinity, Eddie Bauer, The Rockport Group, and Saucony.
During 2016, the basketball court shoes segment accounted for the major shares and dominated this market. The most important equipment required for playing basketball is the footwear as the sport involves a lot of running and jumping around on hard floor. These shoes help players pivot and change directions at a moment’s notice. Factors such as the durability and stability of the shoes as they are mostly made of synthetic materials or mesh will contribute to the growth of this market segment in the coming years.
This market study estimates that in terms of geographic regions, Europe will be the major revenue contributor to the market by 2021. The increase in awareness of the physical benefits of engaging in sports that is motivating people and children to take part in athletic events, will subsequently contribute to the growth of the court shoes market in this region during the forecast period. Additionally, the growing participation in fitness and sports activities will also boost the market's growth in Europe.
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The global court shoe market includes products like badminton shoes, basketball shoes, and squash shoes. With the launch of latest designs in court shoes and the increasing awareness of latest fashion among consumers, the demand for footwear has been predicted to increase in the coming years. Technavio’s industry research reports for the consumer and retail industry include a wide range of product and service markets including cosmetics and toiletry and toys and baby products. In addition to giving evaluative information on several factors such as changing consumer preferences and the challenges faced by the vendors that will curtail their growth, Technavio’s reports also render detailed information of the leading vendors, their products and services, and the ever-changing landscape of the consumer retail sector.
Technavio’s market research experts follow a combination of primary and secondary research techniques and carry out an in-depth analysis of many factors, including the development of technology and the uncertain demand and supply for a range of products and services globally. To help clients design new strategies to enter into the market, our upcoming industry research report on the global court shoe market for the forecast period 2017-2021 provides detailed insights collected from reliable sources of data such as manufacturers, channel partners, regulatory bodies, and decision makers.
This upcoming industry research report on the global court shoe market for the forecast period 2017-2021 also takes into account the growth of related markets such as sports bicycle and paddle sports equipment, which are expected to grow at a CAGR of nearly 6% and 13%, respectively by the year 2021. According to our analysts, the global court shoe market is facing challenges such as the increasing raw material and labor costs and the increasing availability of counterfeit products in the market. Technavio also offers customized reports based on the specifications of the clients, with an aim to help vendors and players to authenticate their presence in the consumer and retail sector.
The upcoming industry research report on the global court shoe market also recognizes the key drivers, developing trends, and the challenges tackled by the industry and also offers important insights into the apparel and textile and luggage.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by sport
PART 07: Market segmentation by retail format
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
Tags: sports shoes, running shoes, general goods and services market size, consumer and retail market research reports,
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