openPR Logo
Press release

Basketball Shoes Market Assessment and Revenue Forecast until the End of 2022 || Key Players - Adidas AG, NIKE Inc., Peak Sports USA, PUMA SE, ANTA Sports Products Ltd, Li Ning Co. Ltd

06-11-2019 02:22 PM CET | Sports

Press release from: Fact.MR

/ PR Agency: Fact.MR
Basketball Shoes Market Assessment and Revenue Forecast until

According to Fact.MR’s research report on the global Basketball Shoes Market, the market is anticipated to reach a value of about US$ 5Bn by 2022 reflecting a sluggish CAGR during the forecasted period of 2017-2022.

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.

Request Free Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=215

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.

High tops segment by shoes type is anticipated to show a higher growth rate as compared to other segments along with a higher market share by revenue thereby showing dominance during the period of forecast. The high tops segment is expected to grow at a CAGR of 2.8% during the forecast period of 2017 to 2022 and also is expected to gain a higher BPS by the end of 2022. The medium tops segment is also gaining speed slowly, and seconds the high tops segment. High tops segment growth can be attributed towards the conventional design and ankle protection feature of high top shoes that low tops segment does not show. Moreover, the high top shoes are less costly and more robust.

Outlook Complete Research Report with TOC @ https://www.factmr.com/report/215/basketball-shoes-market

The individual segment by buyer type shows a comparatively higher growth rate and is expected to register a CAGR of 2.9% during the period of forecast. The segment also portrays dominance owing to a higher market share among the three segments. This segment also expected to enjoy a higher gain in the BPS by the end of 2022. Following the individual segment, the institutional segment has taken a better turn with respect to growth and market share.

The laces segment by closure type is expected to grow at a higher rate followed by the straps segment. However, the laces segment shows higher market share and dominates the market. The straps segment comes second in line with respect to value market share and it would be advisable to invest in these two segments as per regional outlook, especially in North America the laces segment could find better opportunities the laces segment is shows a market share of 57.1% as of 2017 and this trend is anticipated to continue throughout the period of forecast.

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.

Have Any Query? Ask Our Industry Experts @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=215

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized 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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Basketball Shoes Market Assessment and Revenue Forecast until the End of 2022 || Key Players - Adidas AG, NIKE Inc., Peak Sports USA, PUMA SE, ANTA Sports Products Ltd, Li Ning Co. Ltd here

News-ID: 1771453 • Views: 183

More Releases from Fact.MR

Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
07-02-2020 | Health & Medicine
Fact.MR
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
06-02-2020 | Health & Medicine
Fact.MR
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of

All 5 Releases


More Releases for Basketball

Basketball Market Global Industry Analysis 2017 – 2022
Global Basketball Industry Latest Report on Basketball Market Global Analysis & 2022 Forecast Research Study WiseGuyReports has announced the addition of a new market intelligence report to its repository titled “Global Basketball Market Size, Status and Forecast 2022”. The research report presents a comprehensive overview of market and growth trends of this industry in the coming years. Try Sample Report @ https://www.wiseguyreports.com/sample-request/1053539-global-basketball-market-research-report-2017 “Global Basketball Market" market report presents a detail qualitative analysis of the
Global Basketball Market Share By Players, By Basketball Material, By Specificat …
"The Latest Research Report Global Basketball Detailed Analysis Report 2017-2022 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" About Basketball Market This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in Basketball industry. This report splits
Global Basketball Hoop Market 2017- Bison, Gared, Goalsetter, Barbarian Basketba …
The Basketball Hoop Market 2017 examines the performance of the Basketball Hoop market, enclosing an in-depth judgment of the Basketball Hoop market state and the competitive landscape globally. This report analyzes the potential of Basketball Hoop market in the present as well as the future prospects from various angles in detail. The Global Basketball Hoop Market 2017 report includes Basketball Hoop industry volume, market Share, market Trends, Basketball Hoop Growth aspects,
Aidi Basketball Team Dribbles for Charity
Walking with the Sun is a charity concert organized by Aidi International School to help Dandelion Middle School, a school for children of rural migrant workers, develop a music education program. The event will take place on June 12th at the Poly Theatre and all proceeds will go towards supporting Dandelion’s music education. Students and teachers at Aidi School have been hard at work preparing for the Walking with the Sun
Women’s Basketball Makes History with NAIA Ranking
Hope International University’s Women’s Basketball team has earned their first ever NAIA Top 25 ranking. Currently ranked at #24, the Royals are 11-3 going into the second half of their season. They are also #7 in the NCCAA. With 15 games still to play in 2014, the Royals are on track to have one of their best seasons in recent years. They are currently chasing the record for the most
Basketball Pioneers
Popular game grows even more popular across regions. Leaders of the basketball federations of five neighboring countries – members of the newly established new continental sub-zone, the Central Asian Basketball Association (SABA) – met in Tashkent. “Emergence of SABA can be called a breakthrough in the whole system of the continental sports organizations,” said Abay Alpamysov, president of the new organization. “Prior to the SABA Founding Congress that took place this June