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
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: …
More Releases from Fact.MR

Insulated Drinkware Market to Hit USD 2.57 Billion by 2033 | YETI, Thermos L.L.C …
The global insulated drinkware market was valued at US$ 1.39 billion in 2023 and is forecasted to expand at a 6.3% CAGR over the next ten years. Worldwide sales of insulated drinkware are projected to reach US$ 2.57 billion by 2033-end.This robust growth is driven by increasing consumer awareness of sustainability, rising participation in outdoor activities, and the growing demand for reusable, eco-friendly products amid bans on single-use plastics.
The market…

Digital Twin Market is Growing at a CAGR of 34.3% d by 2033 | Key Players: ABB L …
Digital Twin Market is valued at USD 5 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 34.3%, reaching USD 95 billion by 2033. This explosive growth is driven by the increasing adoption of digital twins across industries to optimize operations, reduce costs, and enhance decision-making through virtual replicas of physical assets. Digital twins integrate IoT, AI, and data analytics to simulate real-world…

Hemato Oncology Testing Market is Forecasted to Reach USD 23.64 Billion by 2033 …
The global hemato oncology testing market is valued at USD 4.33 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 18.5%, reaching USD 23.64 billion by 2033. This rapid growth is driven by the increasing prevalence of blood-related cancers, such as lymphoma and leukemia, and advancements in diagnostic technologies like next-generation sequencing (NGS) and polymerase chain reaction (PCR). Hemato oncology testing plays a…

Osseointegration Implants Market is Anticipated to Reach USD 6.85 Billion by 203 …
Osseointegration Implants Market is poised for robust growth, with its valuation projected to rise from USD 3.17 billion in 2025 to USD 6.85 billion by 2035, reflecting a compound annual growth rate (CAGR) of 8%. This expansion is driven by the increasing prevalence of orthopedic and dental disorders, such as osteoarthritis, rheumatoid arthritis, and edentulism, which necessitate advanced implant solutions. Osseointegration implants, which fuse directly with bone to provide stable…
More Releases for Basketball
Basketball Programs That Transform Lives
San Marcos Basketball is a local non-profit competitive basketball organization in San Marcos, California. Volunteer coaches work on emphasizing the role of sports in fostering community spirit, character development, and opportunity for local youth and those living in the surrounding communities. Every elementary, middle, and high school boy or girl who wants to learn to play basketball on a competitive level is welcome to join our teams. Our basketball practice…
Naismith International Basketball Foundation Applauds the Recognition of Shaquil …
The Naismith International Basketball Foundation (NIBF) proudly celebrates the recent recognition of Shaquille O'Neal and Caitlin Clark, two extraordinary athletes whose impact on the game of basketball transcends statistics and accolades. Their commitment to excellence, leadership, and sportsmanship embodies the very values that Dr. James Naismith instilled when he invented the game over a century ago.
Few individuals in basketball history have redefined their respective eras like Shaquille O'Neal and Caitlin…
Basketball Training Service Market Recent Trends, In-depth Analysis, Size and Fo …
The Basketball Training Service Market Trends Overview 2024-2031:
A new Report by Worldwide Market Reports, titled "Basketball Training Service Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Basketball Training Service market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures, tables, and charts,…
Basketball Machines Market | Revolutionizing Basketball Training: The Latest Inn …
In the past few years, the Basketball Machines market experienced a huge change under the influence of COVID-19 and Russia-Ukraine War, the global market size of Basketball Machines reached the predicted milestone in 2022 with the rising CAGR from 2017-2022. Facing the complicated international situation, the future of the Basketball Machines market is full of uncertain. Report predicts that the global Basketball Machines market size will expected to achieve a…
Playing FanFight Fantasy Basketball helps you to Robust your Knowledge on Basket …
The increasing popularity of fantasy sports may provoke you to explore this unique concept of online gaming, feeling enthusiastic to play your favorite sport, be it football, cricket, basketball or something else, become an active participant, apply your sporting knowledge and earn cash prizes by winning a particular match or an entire league.
Start your Fantasy Journey :
Are you going to play fantasy basketball for the first time? You can certainly…
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,…