Tennis Shoes Market Estimated to Grow At 3.3% CAGR, Estimated to Reaching $3.6 Billion by 2031

According to a new report published by Allied Market Research, titled, "tennis shoes market by playing surface, user, and distribution channel: global opportunity analysis and industry forecast, 2021-2028,". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. 𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐭𝐞𝐧𝐧𝐢𝐬 𝐬𝐡𝐨𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟐.𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟏, 𝐚𝐧𝐝 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟑.𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟑.𝟑% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟐 𝐭𝐨 𝟐𝟎𝟑𝟏.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/9759

Tennis shoes are type of athletic footwear used specially for playing tennis. It is different from other footwear as the design and qualities needed in a tennis shoe are different from other athletic shoes. Moreover, tennis shoes feature more strength and durability so that it allows players in quick side wise, forward, and backward movement while playing tennis. Tennis is gaining popularity across the globe due to events such as Grand Slams and French Open. Moreover, growth in fan base of famous tennis players such as Pete Sampras, Bianca Andreescu, and Rafael Osuna propels tennis participation rate globally and consequently fuels demand for the tennis shoes.

These initiatives to increase the participation rate of tennis propels the growth of the global tennis shoes market. Furthermore, emerging markets such as Asia-Pacific and Latin America offer lucrative growth opportunities for key players operating in the global tennis shoes market. The tennis playing population is growing along with the popularity of tennis in these emerging markets. According to the International Tennis Federation, Asia-Pacific has the highest tennis playing population. Further, the rise in disposable income, desire for a healthy lifestyle, and demand for comfortable tennis footwear are the few factors propelling the demand for tennis shoes in the emerging markets.

Increase in preference for tennis as a lifetime sport, rise in initiatives for improving tennis participation, and rapid launch of innovative products drive the global tennis shoes market. On the contrary, popularity of eSports among youth and availability of counterfeit products hinder the market growth. However, emergence of smart technology in shoes would open new opportunities in the coming years.

By distribution channel, the supermarket/hypermarket segment was the prominent segment, owing to high popularity and wide scale penetration of supermarket/hypermarket in leading tennis shoes markets such as North America and Europe. The supermarket/hypermarket segment is followed by specialty stores and e-commerce segments. Wide scale adoption of internet, online shopping platforms, and changes in consumer buying behavior due to COVID-19 is expected boost the e-commerce segment.

By type, the hard-court tennis shoes segment held the largest share in 2020, contributing to nearly half of the global tennis shoes market. Moreover, the segment is expected to manifest the highest CAGR of 2.6% during the forecast period, due to high popularity and preference of hard courts because of its affordability.

𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐢𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞: https://www.alliedmarketresearch.com/checkout-final/4785c6335ac0016dc382801d027127df

North America dominated the market, garnering around 37.4% of the total tennis shoes market share, followed by Europe. North America and Europe are characterized by high disposable income and elevated participation in tennis & demand of tennis shoes, which makes them leading markets for tennis shoes. However, Asia-Pacific is expected to show promising growth rate due to the presence of highest tennis playing population in this region. According to the International Tennis Federation (ITF), Asia contributed for around 37.9% or over 33 million of the global tennis playing population in 2019. LAMEA is anticipated to exhibit slow growth due to unawareness about different tennis shoes and low participation in tennis.

𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐚𝐧𝐝 𝐃𝐞𝐦𝐚𝐧𝐝 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐓𝐞𝐧𝐧𝐢𝐬 𝐒𝐡𝐨𝐞𝐬:

𝐀𝐭𝐡𝐥𝐞𝐢𝐬𝐮𝐫𝐞 𝐓𝐫𝐞𝐧𝐝: The growing popularity of athleisure wear has significantly contributed to the demand for tennis shoes. Consumers are increasingly seeking comfortable yet stylish footwear options suitable for both athletic activities and casual wear.

𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐚𝐧𝐝 𝐃𝐞𝐬𝐢𝐠𝐧: Tennis shoe manufacturers are continuously innovating to enhance performance, comfort, and aesthetics. Advanced materials such as lightweight synthetics, breathable meshes, and responsive cushioning technologies are being incorporated to improve the overall experience for consumers.

𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲: With increasing awareness about environmental issues, there's a rising demand for eco-friendly and sustainable tennis shoes. Brands are investing in recycled materials, eco-friendly production processes, and sustainable packaging to appeal to environmentally-conscious consumers.

𝐎𝐧𝐥𝐢𝐧𝐞 𝐑𝐞𝐭𝐚𝐢𝐥: The convenience of online shopping has led to a significant portion of tennis shoe sales occurring through e-commerce platforms. Brands are focusing on enhancing their online presence, providing detailed product information, and offering seamless purchasing experiences to capture a larger market share.

𝐂𝐞𝐥𝐞𝐛𝐫𝐢𝐭𝐲 𝐄𝐧𝐝𝐨𝐫𝐬𝐞𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧𝐬: Collaborations between tennis shoe brands and celebrities, athletes, or fashion designers continue to drive consumer interest and demand. Limited edition releases and exclusive partnerships often create hype and excitement, leading to increased sales and brand visibility.

𝐇𝐞𝐚𝐥𝐭𝐡 𝐚𝐧𝐝 𝐖𝐞𝐥𝐥𝐧𝐞𝐬𝐬 𝐓𝐫𝐞𝐧𝐝𝐬: The growing emphasis on health and wellness has boosted demand for footwear that supports active lifestyles and physical activities like tennis. Consumers are willing to invest in high-quality shoes that offer comfort, support, and injury prevention features.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• ADIDAS Group
• ASICS Corporation
• Babolat
• FILA Holdings Corp.
• K-Swiss
• Lotto Sport Italia S.p.A.
• New Balance Inc.
• Nike Inc.
• PUME SE
• Wilson Sporting Goods Company.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:

○ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tennis shoes market analysis from 2021 to 2031 to identify the prevailing tennis shoes market opportunities.
○ The market research is offered along with information related to key drivers, restraints, and tennis shoes market opportunity.
○ Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
○ In-depth analysis of the tennis shoes market segmentation assists to determine the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global tennis shoes industry.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
○ The report includes the analysis of the regional as well as global tennis shoes market trends, key players, market segments, application areas, and market growth strategies.

Want Full Report? Enquire Here: https://www.alliedmarketresearch.com/purchase-enquiry/9759

𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐛𝐮𝐲 𝐓𝐞𝐧𝐧𝐢𝐬 𝐒𝐡𝐨𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

○ Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
○ Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
○ Classify potential new clients or partners in the target demographic.
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○ Report will be updated with the latest data and delivered to you within 2-4 working days of order.
○ Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
○ Create regional and country strategies on the basis of local data and analysis.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 "𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

○ UK Tennis Shoes Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/uk-tennis-shoes-market-A98211

○ U.S. Tennis Shoes Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/u-s-tennis-shoes-market-A98206

○ Canada Tennis Shoes Market Size, Share, Opportunity Analysis
https://www.alliedmarketresearch.com/canada-tennis-shoes-market-A98208

○ Mexico Tennis Shoes Market Size, Growth, Opportunity
https://www.alliedmarketresearch.com/mexico-tennis-shoes-market-A98207

○ Europe Tennis Shoes Market Size, Trends, Growth Opportunity
https://www.alliedmarketresearch.com/europe-tennis-shoes-market-A98209

○ Germany Tennis Shoes Market Size, Analysis, Growth Opportunity
https://www.alliedmarketresearch.com/germany-tennis-shoes-market-A98210

○ France Tennis Shoes Market Size, Demands, Opportunity Analysis
https://www.alliedmarketresearch.com/france-tennis-shoes-market-A98212

○ Italy Tennis Shoes Market Size, Analysis, Growth Opportunity
https://www.alliedmarketresearch.com/italy-tennis-shoes-market-A98213

○ Russia Tennis Shoes Market Size, Share, Growth Opportunity
https://www.alliedmarketresearch.com/russia-tennis-shoes-market-A98214

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