According to a new report, the global tennis shoes market is segmented on the basis of playing surface, user, distribution channel and region.
—Roshan Deshmukh
5933 NE WIN SIVERS DRIVE, PORTLAND, OR, USA, September 25, 2022 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled “tennis shoe market by Playing Surface, User and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2028”. The report offers an in-depth analysis of changing market trends, key segments, major investment pockets, regional scenario, Porter’s Five Forces and competitive scenario. The Global Tennis Shoes Market size was valued at USD 2,193.2 Million in 2020 and is projected to reach USD 2,604.4 Million by 2028, registering a CAGR of 2.8% from 2021 to 2028.
Request the free sample PDF of this report @https://www.alliedmarketresearch.com/request-sample/9759
Rising preference for tennis as a lifelong sport, rise in initiatives to improve tennis participation, and rapid launch of innovative products are driving the global tennis shoes market. On the contrary, the popularity of e-sports among young people and the availability of counterfeit products are hampering the growth of the market. However, the emergence of smart technology in shoes would open up new opportunities in the years to come.
Tennis shoes are athletic shoes used specifically for playing tennis. It is different from other shoes because the design and qualities required in a tennis shoe are different from other sports shoes. In addition, tennis shoes offer more strength and durability, which allows players to move quickly sideways, forwards and backwards while playing tennis. Tennis is gaining popularity around the world through events such as the Grand Slam tournaments and the French Open. Moreover, the growth in the fanbase of famous tennis players such as Pete Sampras, Bianca Andreescu and Rafael Osuna is propelling the participation rate in tennis globally and consequently fueling the demand for tennis shoes.
By type, the hard court tennis shoes segment held the largest share in 2020, contributing almost half of the global tennis shoes market. Moreover, the segment is expected to show the highest CAGR of 2.6% during the forecast period owing to the high popularity and preference of hard courts owing to its affordability.
By distribution channel, the supermarket/hypermarket segment was the predominant segment, due to the high popularity and large-scale penetration of supermarket/hypermarkets in major tennis footwear markets such as North America and the United States. ‘Europe. The supermarket/hypermarket segment is followed by specialty stores and e-commerce segments. Widespread adoption of internet, online shopping platforms and changes in consumer shopping behavior due to COVID-19 are expected to drive the e-commerce segment. Moreover, e-commerce segment is expected to be the fastest growing distribution channel over the forecast period, owing to the growth in popularity and development of e-commerce channel infrastructure in the world. global scale.
North America led the market with around 37.4% of the total tennis shoes market share, followed by Europe. North America and Europe are characterized by high disposable income and high participation in tennis and demand for tennis shoes, making them prime markets for tennis shoes. However, Asia-Pacific is expected to show a promising growth rate due to the presence of the highest population of tennis players in this region. According to the International Tennis Federation (ITF), Asia accounted for around 37.9% or more than 33 million of the world’s tennis player population in 2019. LAMEA is expected to show slow growth due to lack of awareness of different tennis shoes and low participation in tennis.
Key Players profiled in this report are ADIDAS Group, ASICS Corporation, Babolat, FILA Holdings Corp., K-Swiss, Lotto Sport Italia SpA, New Balance, Inc., Nike, Inc., PUME SE, and Wilson Sporting Goods Company.
Need a discount? Get an exclusive discount and a free consultation @https://www.alliedmarketresearch.com/purchase-enquiry/9759
Covid-19 pandemic is vitally impacting the growth of the Global Tennis Shoes Market and has altered several market scenarios. Lockdowns in various countries and bans on international travel have disrupted the supply chain and revenue chain. The report includes an in-depth analysis of the Covid-19 pandemic on the growth of the global Tennis Shoes Market.
Main benefits for stakeholders:
○ This report provides quantitative analysis of market segments, current trends, estimates and dynamics of the Tennis Shoes market analysis from 2021 to 2031 to identify opportunities in the Tennis Shoes market.
○ Market research is offered with information related to key drivers, restraints, and opportunities in the Tennis Shoes market.
○ Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
○ In-depth analysis of the Tennis Shoes market segmentation helps to determine the existing market opportunities.
○ Major countries in each region are mapped according to their contribution to global Tennis Shoes industry revenue.
○ Positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.
Reasons to Buy this Tennis Shoes Market Report:
○ Mergers and acquisitions must be well planned by identifying the best manufacturer.
○ Sort potential new customers or partners into the demographic group you are looking for.
○ Suitable for providing reliable, high-quality data and analysis to facilitate your internal and external presentations.
○ Develop tactical initiatives by gaining better control of the areas in which large groups can intervene.
○ Increase and develop business potential and achieve, develop and plan licensing and licensing strategies by finding potential partners with the most attractive projects.
○ Recognize new entrants with potentially strong product portfolios and design effective counter-strategies to gain competitive advantage.
○ To develop effective R&D strategies, gather information, analysis and strategic ideas from competitors.
Related report:
○ running shoes market Analysis and Projected Huge Growth by 2027
○ Sports equipment and accessories market Business Opportunities 2027
○ Safety Footwear Market by Manufacturer, Region, Type and Application Forecast to 2027
https://www.alliedmarketresearch.com/safety-shoes-market-A08350
○ Footwear Market Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027
https://www.alliedmarketresearch.com/shoe-care-market-A06546
○ Kids Footwear Market growth opportunities in the global industry by 2021-2030
https://www.alliedmarketresearch.com/children-shoes-market-A12991
Source: https://www.dailyreportsworld.com
David Correa
Allied Analytics LLP
800-792-5285
write to us here
Visit us on social media:
Facebook
Twitter
LinkedIn
What sets us apart? – Related market research
