Global Football Shoes Market: Soaring Demand Assures Motivated Revenue Share during 2017-2022
Global sales of football shoes are expected to account for nearly US$ 19,000 Mn revenues by 2022-end.
[UKPRwire, Wed Oct 24 2018] Today’s football shoes are generally produced either by using leather, or synthetic materials. Although leather shoes and synthetic shoes provide good performance level to players, a number of disadvantages are associated with these materials. The stretching property of leather shoes, despite of their benefit in conforming to the uniqueness of a player’s foot, might extend beyond its limit, resulting into its replacement. Leather has higher potential of absorbing water, enhancing the weight of shoes, and making the cleaning process more difficult. Leather shoes are often high-priced. There is a relatively less availability of color choices in leather football shoes, unlike their synthetic counterparts. However, as synthetic material provide high water resistant property, it can make shoes more slick when exposed to water for longer period of time, for example – in rain, leading towards less grip on the ball. Moreover synthetic shoes require longer break-in times, as the material is inorganic. These factors might impact demand for football shoes in the near future.
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New players, such as New Balance, are entering the market by concentrating on specialty retailers, posing challenges to predominant industries including Adidas and Nike. Increasing prevalence of counterfeit football shoes, produced by local manufacturers, are affecting the distribution channels, and thereby influencing the market growth. The global Football Shoes Market is projected to exhibit a sluggish CAGR during the forecast period (2017-2022), according to a recent study published by Fact.MR. Global sales of football shoes are expected to account for nearly US$ 19,000 Mn revenues by 2022-end.
Firm Ground Football Shoes to Remain Sought-after among Players
Accounting for over one-third revenue share of the market, firm ground football shoes are expected to remain sought-after among players across the globe, followed by hard ground football shoes. Sales of hard ground football shoes will register the highest CAGR through 2022, based on shoes type.
Synthetic leather and synthetic material for shoes will remain preferred among football players worldwide. Global sales of synthetic leather and synthetic football shoes will collectively account for over half revenue share of the market throughout the forecast period.
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Over two-third share of the market is expected to be held by individual buyers of football shoes during 2017 to 2022, in terms revenues. Individual buyers of football shoes will account for approximately US$ 13,000 Mn revenues by 2022-end.
In terms of revenues, Europe is projected to retain its position as the largest market for football shoes. Sales of football shoes in Europe will account for over US$ 8,000 Mn revenues by 2022-end. Asia-Pacific excluding Japan (APEJ) will remain the second most lucrative market for football shoes.
More than US$ 4,000 Mn revenues will be accounted by third party online sales channel for football shoes by 2022-end. Third party online sales channel will remain dominant in the global football shoes market, with sales exhibiting the highest CAGR through 2022.
Fact.MR’s report lists key market players, which include Pantofola d'Oro SpA, Select Sport A/S, Diadora Sports S.r.l, Joma Sport SA, ASICS Corporation, Mizuno Corporation, PUMA SE, NIKE, Inc., Under Armour, Inc., and Adidas AG.
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