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Table Tennis Footwear Market worth $4.54 billion by 2030, growing at a CAGR of 5.95% - Exclusive Report by 360iResearch
Table Tennis Footwear Market | 360iResearch
The Global Table Tennis Footwear Market to grow from USD 3.03 billion in 2023 to USD 4.54 billion by 2030, at a CAGR of 5.95%.
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Table tennis footwear refers to specialized shoes designed explicitly for table tennis players, and they cater to the unique requirements of table tennis athletes in terms of support, stability, comfort, and performance on the court. Table tennis footwear finds application in various settings, such as international and national competitions, regional tournaments, clubs and training centers, schools and colleges, community recreation programs, and private use at home. With a rising number of consumers opting for online shopping, the adoption of shows for table tennis has become more convenient. However, the proliferation of counterfeit products in some regions has a detrimental effect on consumer trust and brand reputation. Market players are working on improving their marketability and expanding their distribution channels to ensure fair and enhanced provision of their footwear products. Advancements in materials science have led to innovations such as lightweight materials with enhanced durability properties, thus providing manufacturers with new avenues for product differentiation within the table tennis footwear category.
In the Americas, there is an increasing interest in adopting this sport professionally in countries such as the United States and Canada, propelling the use of table tennis shoes. Established sports brands dominate the Americas market for multi-purpose indoor sports shoes catering to table tennis players. In Asia, local manufacturers dominate production primarily due to their extensive experience producing performance-oriented shoes specifically designed for table tennis. Asia is a major production base for international companies, and the regional players have been producing high-performance shoes designed specifically for table tennis athletes to stay competitive. Table tennis' semi-professional nature in Europe has driven growth in niche markets that cater to advanced amateur players seeking specialized equipment. These companies leverage their understanding of European consumers' preferences and requirements to create tailored products that suit local athletes' demands.
Market Segmentation & Coverage:
This research report categorizes the Table Tennis Footwear Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Playing Surface, market is studied across Clay Court Tennis Shoes, Grass Court Tennis Shoes, and Hard Court Tennis Shoes. The Clay Court Tennis Shoes is projected to witness significant market share during forecast period.
Based on Gender, market is studied across Kids, Men, and Women. The Men is projected to witness significant market share during forecast period.
Based on Material, market is studied across Leather, Mesh, and Synthetic. The Leather is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across E-commerce, Specialty Stores, and Supermarkets/Hypermarkets. The Specialty Stores is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 35.96% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Table Tennis Footwear Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Table Tennis Footwear Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Table Tennis Footwear Market, highlighting leading vendors and their innovative profiles. These include Adidas AG, ANTA Sports, ASICS Corporation, Authentic Brands Group, LLC, Bowmar Sports, Brooks Sports, Inc., Columbia Sportswear Company, Diadora S.p.A., Eysom, FILA Luxembourg, S.a.r.l., H & M Hennes & Mauritz AB, Joola, Lotto Sports Italia, Lululemon Athletica Inc., Mizuno Corporation, Nike, Inc., Puma SE, SKECHERS, Inc., Sparx Sports, STIGA Sports AB, Under Armour, Inc., and Wolverine World Wide, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Table Tennis Footwear Market, by Playing Surface
7. Table Tennis Footwear Market, by Gender
8. Table Tennis Footwear Market, by Material
9. Table Tennis Footwear Market, by Distribution Channel
10. Americas Table Tennis Footwear Market
11. Asia-Pacific Table Tennis Footwear Market
12. Europe, Middle East & Africa Table Tennis Footwear Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Table Tennis Footwear Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Table Tennis Footwear Market?
3. What is the competitive strategic window for opportunities in the Table Tennis Footwear Market?
4. What are the technology trends and regulatory frameworks in the Table Tennis Footwear Market?
5. What is the market share of the leading vendors in the Table Tennis Footwear Market?
6. What modes and strategic moves are considered suitable for entering the Table Tennis Footwear Market?
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