Basketball Shoes Market Size, Segments, and Growth by 2031

MARKET OVERVIEW

Basketball shoes are specifically designed for the intensity of the game. With constant jumping, starting and stopping, basketball shoes are designed to act as shock absorbers and provide ankle stability with the flexibility to allow players to move laterally. Basketball shoes help prevent injuries, in part, by providing adequate ankle support. High-top sneakers offer the best ankle support; these shoes should also lace up to the top to help provide a snug fit. For added protection, the website Kids Health suggests shoes with sturdy, non-skid soles.

MARKET SCOPE

The "Global Basketball Shoes Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the basketball shoes market with detailed market segmentation by shoes type, distribution channel, and geography. The report provides key statistics on the market status of the leading basketball shoes market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on shoes type, the global basketball shoes market is segmented into high tops, mid tops, low tops, and others.
  
•   Based on distribution channel, the global basketball shoes market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others.
  

MARKET DYNAMICS

Drivers:

•   Governments of several countries have invested to improve sports infrastructure in order to increase participation in sports.
  
•   Increase in the number of sports tournaments and leagues.
  

Restraints:

•   Players can develop irritant contact dermatitis, which is caused by sweating and friction.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The basketball shoes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the basketball shoes market in these regions.

IMPACT OF COVID-19 ON BASKETBALL SHOES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The consumer goods industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS

The report covers key developments in the basketball shoes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from basketball shoes market are anticipated to lucrative growth opportunities in the future with the rising demand for basketball shoes in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the basketball shoes market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Reusch Xosa
  
•   Blok-IT
  
•   Vizari
  
•   Brine King
  
•   Diadora
  
•   PUMA
  
•   Adidas
  
•   Nike Inc.
  
•   Under Armour, Inc
  
•   Umbro
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Basketball Shoes Report Scope