Press release
Basketball Shoes Market 2017 Expected huge Growth by 2022 Including Opportunities, Approaches, Merchants, Consumption, Revenue and Forecast by Application, Technologies and Region – North America, APEJ, MEA, Europe, Japan
Basketball is a global game and has several accessories. Basketball shoes is one of the accessories which the amateurs and professionals wear during play. The benefits of shoes include firmness, grip, safety to ankle, and overall look. These shoes also have certain limitations which might hinder the growth of the global market, such as, damage due to external factors due to poor material. These shoes come in different sizes, prices, designs and shapes. North America region is dominating in the global market of basketball shoes and has high market attractiveness index. The report, compiled by FactMR, provides in-depth analysis of the global Basketball Shoes Market for the forecast period 2017-2022, and offers key insights about future market direction.The scope of FactMR’s report is to analyze the global basketball shoes market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Basketball shoes manufacturers, stakeholders, and suppliers in the global sports industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.
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Basketball shoes are used by both amateurs and professionals. Few newbies also go for basketball shoes for feel, support and comfort. They come in different pricing ranges, some are cheaper and some are premium. There are many advantages of basketball shoes which have a positive impact on the global basketball shoe market. Basketball shoes come in different price ranges, depending upon the brand, quality, material and additional features. Better ankle protection from twisting during play, increased disposable income, more number of people opting basketball as their part time game or even looking forward to do career are the main reasons which have a positive impact on the growth of the global basketball market. However, problems associated with certain manufacturing methods which release harmful chemicals and the damage of shoes caused from contact with moisture and other external agents due to poor material usage are hindering the global basketball shoes market. North America is expected to be the largest region for the basketball shoes market.
Basketball is a game which is popular across the globe and has several accessories. Shoes is one such accessory which is directly associated with the game, and is a more crucial one. There are several benefits of using shoes especially designed for the game. The material, make, quality size, and other features decide the shoe rating and its premium. Basketball shoes are also used by people who have money and look for style but do not play the game. However, for basketball players who look at the game from a career perspective, this accessory is a must which is essential to maintain their foot health.
North America region is expected to show higher market attractiveness index and is considered to be the most lucrative market. This region is expected to dominate the global basketball shoes market in terms of revenue share and growing at a comparatively higher growth rate than other regions. Europe is expected to show similar growth rate during the period of forecast, yet has a lower market share by revenue as compared to North America. The main cause rise in this market is attributed towards the increasing disposable income and more riches opting for basketball as a recreational sport and also intend to take care of their foot health and especially protect their ankles, thereby contributing to the fast growth rate of basketball shoes in the North America region. Asia-Pacific excluding Japan (APEJ) region shoes sluggish growth rate and a slower one as compared to these two regions throughout the forecast period.
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Third Party Online Channel Grows Stronger
The third party online channel segment by sales channel shoes a higher growth rate comparatively during the period of forecast with a higher market share by revenue thereby dominating the global market. This segment is poised to register a CAGR of 3.4% during the period of forecast. Following this segment, the direct customer brand outlet segment shoes good potential and is expected to grow at a steady rate during the period of forecast.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of the global basketball shoes market through 2022, which include Adidas AG, NIKE, Inc., Peak Sports USA, PUMA SE, ANTA Sports Products Ltd, Li Ning Co., Ltd, Under Armour, Inc., Reebok International Ltd., Amer Sports Corporation and Xtep International Holdings Limited.
Table of Contents
Global Basketball Shoes Market - Executive Summary
Global Basketball Shoes Market Overview
2.1. Introduction
2.1.1. Global Basketball Shoes Market Taxonomy
2.1.2. Global Basketball Shoes Market Definition
2.2. Global Basketball Shoes Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Basketball Shoes Market Y-o-Y Growth
2.3. Global Basketball Shoes Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
Continued…………………………..
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FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized global market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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