The global tennis shoes market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028.
Tennis shoes are athletic footwear with a flexible sole of rubber and synthetic materials. They are made using shock-absorbing materials to provide support and traction during jerky movements. They are supported with extra padding of rubber to bear extra wear and tear. They are utilized for playing tennis on different surfaces, such as glass, concrete, and clay. They offer lateral support to the foot movement and prevent players from rolling on their ankles during swift movements.
Tennis Shoes Market Trends:
At present, the increasing participation of individuals in sports, along with the growing popularity of tennis worldwide, represents one of the key factors positively influencing the market. In addition, the rising adoption of tennis in schools and colleges is encouraging students to participate in tennis tournaments, which is catalyzing the demand for tennis shoes. Tennis is also becoming popular among health-conscious people as it offers numerous health benefits, such as improved aerobic fitness, increased muscular strength, enhanced flexibility, and boosted cognitive abilities. Besides this, leading manufacturers operating in the industry are extensively investing in research and development (R&D) activities to introduce shoe variants according to the foot type of athletes. They are also focusing on improving shock absorption technology in the heel and forefoot to prevent injuries and make shoes more comfortable, which is supporting the market growth. Furthermore, the expansion of offline distribution channels, along with the proliferation of online shopping platforms that provide easy availability and discounted prices, is driving the market. Apart from this, favorable initiatives undertaken by governments of numerous countries to reduce the environmental impact of shoe manufacturing is anticipated to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global tennis shoesmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on playing surface, application and distribution channel.
Breakup by Playing Surface:
Hard Court Tennis Shoes
Clay Court Tennis Shoes
Grass Court Tennis Shoes
Breakup by Application:
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Base Year of the Analysis
Playing Surface, Application, Distribution Channel, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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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Key Questions Answered in This Report
The global tennis shoes market was valued at US$ 2.4 Billion in 2022.
We expect the global tennis shoes market to exhibit a CAGR of 2.9% during 2023-2028.
The rising popularity of tennis shoes among health-conscious individuals, as they offer various benefits, such as improved aerobic fitness, increased muscular strength, enhanced flexibility, boosted cognitive abilities, etc., is primarily driving the global tennis shoes market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for tennis shoes.
Based on the playing surface, the global tennis shoes market can be divided into hard court tennis shoes, clay court tennis shoes, and grass court tennis shoes. Among these, hard court tennis shoes currently account for the majority of the global market share.
Based on the application, the global tennis shoes market has been segregated into men, women, and kids. Currently, men exhibit clear dominance in the market.
Based on the distribution channel, the global tennis shoes market can be bifurcated into supermarkets and hypermarkets, specialty stores, online stores, and others. Among these, supermarkets and hypermarkets hold the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global tennis shoes market include 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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