According to a new report published by Allied Market Research, titled, “tennis shoes market by playing surface, user, and distribution channel: global opportunity analysis and industry forecast, 2021–2028,” the global tennis shoes market size is expected to reach $2,604.4 million by 2028 at a CAGR of 2.8% from 2021 to 2028.
Tennis shoes are type of athletic footwear used specially for playing tennis. It is different from other footwear as the design and qualities needed in a tennis shoe are different from other athletic shoes. Moreover, tennis shoes feature more strength and durability so that it allows players in quick side wise, forward, and backward movement while playing tennis. Tennis is gaining popularity across the globe due to events such as Grand Slams and French Open. Moreover, growth in fan base of famous tennis players such as Pete Sampras, Bianca Andreescu, and Rafael Osuna propels tennis participation rate globally and consequently fuels demand for the tennis shoes.
Increase in women participation is rapidly growing in tennis as women and men enjoy fairly equal parity in tennis that has made tennis popular among the women. According to the International Tennis Federation (ITF), the women population constituted around 47% of the total tennis playing population across the globe in 2019. Therefore, growing popularity of tennis is encouraging people especially women to increasingly participate in tennis. This factor is ultimately increasing demand for tennis shoes among the global tennis playing population.
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Emerging markets such as China, India, and Brazil offer lucrative growth opportunities to key players operating in the global tennis shoes market. Tennis players are growing along with popularity of tennis in these emerging markets. According to the International Tennis Federation, Asia-Pacific has the highest tennis playing population. Further, growth in disposable income, desire for healthy lifestyle, and demand for comfortable athletic footwear are few factors that propel demand for tennis shoes in the emerging markets.
The global tennis shoes market is segmented on the basis of playing surface, user, distribution channel, and region. On the basis of playing surface, the tennis shoes market is bifurcated into hard court tennis shoes, clay court tennis shoes, and grass court tennis shoes. By user, it is segregated into men, women, and kids. On the basis of distribution channel, it is segregated into supermarket/hypermarket, specialty stores, e-commerce, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Russia, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, and rest of LAMEA).
According to the tennis shoes market forecast, on the basis of playing surface, the hard court tennis shoes segment was the highest contributor to the market, accounting for $1,016.9 million in 2020, and is expected to sustain its significance during the forecast period, owing to low set up cost and low maintenance cost involved in hard courts and growth in usage across the globe. Clay court tennis shoes ranked second in terms of market share in 2020. Clay courts are very much popular and widely used in Europe and Latin America. Hence, the clay court tennis shoes segment is anticipated to grow significantly in these regions during the forecast period.
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On the basis of user, the women segment exhibited a market share of around 44% in 2020, as the women participation in tennis has in recent years had increased exponentially due to the government initiatives. For example, the government of Australia presented a budget of $12 million for the period 2019 to 2020 to increase participation in tennis and aimed at increasing opportunities for women in tennis. Hence, the women segment is expected to be the fastest-growing segment in the upcoming years.
By distribution channel, the supermarket/hypermarket segment was the prominent segment, owing to high popularity and wide scale penetration of supermarket/hypermarket in leading tennis shoes markets such as North America and Europe. The supermarket/hypermarket segment is followed by specialty stores and e-commerce segments. Wide scale adoption of internet, online shopping platforms, and changes in consumer buying behavior due to COVID-19 is expected boost the e-commerce segment. Moreover, the e-commerce segment is anticipated to be the fastest-growing distribution channel during the forecast period, owing to growth in popularity and developing infrastructure of e-commerce channels globally.
According to the global tennis shoes market analysis, in 2020, North America dominated the market, garnering around 37.4% of the total tennis shoes market share, followed by Europe. North America and Europe are characterized by high disposable income and elevated participation in tennis & demand of tennis shoes, which makes them leading markets for tennis shoes. However, Asia-Pacific is expected to show promising growth rate due to the presence of highest tennis playing population in this region. According to the International Tennis Federation (ITF), Asia contributed for around 37.9% or over 33 million of the global tennis playing population in 2019. LAMEA is anticipated to exhibit slow growth due to unawareness about different tennis shoes and low participation in tennis.
Players operating in the global tennis shoes market have adopted various developmental strategies to expand their market share, exploit the tennis shoes market opportunities, and increase profitability in the market. The key players profiled in this report include ADIDAS Group, ASICS Corporation, Babolat, FILA Holdings Corp., K-Swiss, Lotto Sport Italia S.p.A., New Balance, Inc., Nike, Inc., PUME SE, and Wilson Sporting Goods Company.
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Key findings of the study
- The tennis shoes market was valued at $2,193.2 million in 2020, and is estimated to reach $2,604.4 million by 2028, growing at a CAGR of 2.8% during the forecast period.
- By playing surface, the hard court tennis shoes segment is estimated to witness the fastest growth, registering a CAGR of 2.6% during the forecast period.
- In 2020, depending on user, the men segment was valued at $1,096.9 million, accounting for 50% of the global tennis shoes market share.
- In 2020, the U.S. was the most prominent market in North America, and is projected to reach $357.3 million by 2028, growing at a CAGR of 2.6% during the forecast period.
According to a new report published by Allied Market Research titled, “Functional Apparel Market by Nature and Application: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the functional Apparel market size was valued at $282.30 billion in 2018 and is expected to reach $505.80 billion by 2026, registering a CAGR of 7.7% from 2019 to 2026.
In 2018, Europe accounted for nearly 30.2% share of the functional apparel market.Functional apparels are among the main types of technical textiles clothing that are receptive to new product development and technologies.
The emergence of functional clothing has been fueled by recent breakthrough and advances of technical fibers and fabrics materials that are being used.Millennials tend to take a more holistic approach to health and wellness factor.
Hence rise in number of millennials turns out to be an influential trend.Ask for sample copy of this report@: https://www.alliedmarketresearch.com/request-sample/6449The extensive advantages offered by active wear such as water resistance, bi-stretchable function, anti-bacterial fabric, wicking function, and others, and surge in participation of customers in physical and fitness activities act as the key driving factors of the global market.
Moreover, female consumer base for active wear is increasing, owing to holistic approach of female customers toward sports and fitness.
This hampers the sales of the product among product type-sensitive customers, thereby restraining the market growth.
According to IMARC Group latest report titled” Socks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited moderate growth during 2015-2020.
The global socks market size to grow at a CAGR of around 5% during 2021-2026.
Socks refer to a pair of knitted or woven covering worn to prevent the rubbing of shoes on the bare feet.
Besides this, diabetic socks manufactured using unique yarns help alleviate symptoms associated with diabetes, such as reducing rough abrasion and shear forces on the skin.Get a sample copy of this Report: https://www.imarcgroup.com/socks-market/requestsampleAs the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.Market Trends:The growing number of working professionals, along with the rising adoption of the formal business environment, is currently driving the global socks market.
Compression socks are generally worn during sports activities to increase oxygen delivery and minimize jarring, stress, and vibration to the muscles, thereby enhancing the endurance and performance of athletes.
Besides this, the rising prevalence of diabetes, along with the increasing awareness about the impact of diabetes on the feet of the patients, is augmenting the demand for diabetic socks.
The Global China Clay Market research report offers accurate insights for the growth prospects of the China Clay market in the forecast years 2020-2027.
The report is an all-inclusive study of the China Clay market that offers the readers a better view of the current and emerging market trends through a thorough analysis of the market size, growth trends, supply and demand ratio, market share, sales network and distribution channels, and other key elements.Furthermore, the report is furnished with the current market scenario with regards to the COVID-19 pandemic.
The global public health emergency has disrupted the lives of everyone across the globe.
It has also had a substantial impact on the China Clay industry as global supply chains have been disrupted, and the financial scenario is tight.
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The report is formulated by extensive primary and secondary research and backed by the verified data from industry experts and professionals.
Research Nester published a report titled “Reinforcement Learning Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global reinforcement learning market in terms of market segmentation by end user, deployment, enterprise size, and by region.The reinforcement learning market is estimated to occupy a large revenue by growing at a CAGR of ~44% during the forecast period, i.e., 2022 – 2030, owing to the escalating adoption of AI and machine learning systems, rising number of application areas of reinforcement learning, and growing implementation of ML based solutions in companies across the world.
Apart from these, increasing demand to find best method to achieve a set of objectives among organizations is also expected to drive market growth.The global reinforcement learning market is segmented by end user, deployment and enterprise size.
Based on end user, the BFSI segment is anticipated to grab the largest market share during the forecast period on the back of increasing amount of data generated in this industry.
Additionally, on the basis of deployment, the cloud segment is projected to gather the largest share over the forecast period ascribing to the exceptional advantages offered by cloud to organizations such as flexibility and improved disaster recovery.Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa.
North America region is evaluated to grab the largest share in the market during the forecast period attributing to the increasing number of R activities in reinforcement learning and presence of major market players.
Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the future owing to the growing awareness about business productivity and rising AI adoption in the region.Get Access for Sample Copy Of This Strategic Report: https://www.researchnester.com/sample-request-3223Increasing Adoption of AI and ML Techniques to Drive Market GrowthAs the amount of data in the world continues to grow, businesses are emphasizing more on the incorporation of artificial intelligence and machine learning methods to reduce costs and extract more value from their data.
In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global sport protection equipment market considering 2014-2018 as the historic year and 2019–2029 as the stipulated timeframe.
The sport protection equipment market report highlights the drivers, restraints, opportunities and trends affecting market growth.
Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.The sport protection equipment market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions.
The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
Prominent players covered in this research are Under Armour Inc., ASICS Corporation, Adidas AG, Shock Doctor Inc., Vista Outdoor, Inc., Mizuno Corp., PUMA SE, Acushnet Holdings Corp, Amer Sports Corporation and many more.You can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=246The sport protection equipment market report addresses the below-mentioned queries:Why are vendors shifting away from traditional methods of manufacturing sport protection equipment?How does the global sport protection equipment market looks like in the next five years?Which end use industry is expected to surpass segment by the end of 2022?What innovative products are being introduced by the players in the global sport protection equipment market?Which regions are showing the fastest market growth?On the basis of product, the sport protection equipment market study consists of HelmetProtective EyewearFace ProtectionProtective PadsOn the basis of end use, the sport protection equipment market study incorporates:IndividualInstitutionalCrucial insights in the sport protection equipment market research:Underlying macro- and microeconomic factors impacting the growth of the sport protection equipment market.Basic overview of the sport protection equipment, including market definition, classification, and applications.Scrutinization of each sport protection equipment market player based on mergers & acquisitions, R projects, and product launches.Adoption trend of sport protection equipment across various industries.Important regions and countries offering lucrative opportunities to sport protection equipment market stakeholders.Attempt here to buy this Report from here - https://www.factmr.com/checkout/880/SReasons to choose Fact.MR:Exhaustive research regarding the market to offer A to Z information.Digital technologies to provide innovative business solutions to the clients.24/7 availability of services.Interaction with suppliers, vendors, and service providers for precise market landscape.Reports tailored as per the requirements of the clients.And many more …
Recently published a report entitled Sneakers Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad sneaker market has been sub-grouped into product and application.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Sneakers Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/sneakers-market/download-sampleBy ProductAdult SneakerChildren SneakerBy ApplicationCompetitionAmateur SportsLifestyleThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the sneaker market includes Adidas AG, Nike Inc., Puma SE, Asics Corporation, UGG, KEDS, ECCO, And Pentland Group Plc.
