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Skating Shoes Market: Global Demand, Emerging Trends, and Future Outlook 2024 - 2033
Skating Shoes Market
According to The Business Research Company's, The skating shoes market size has grown steadily in recent years. It will grow from $0.86 billion in 2023 to $0.90 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to rising celebrity endorsements, collaboration with fashion brands, competitive skating events, increasing social media and influencers, and rising skate parks.
The skating shoes market size is expected to see steady growth in the next few years. It will grow to $1.08 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to growth of urban sports, rising health and fitness awareness, increasing e-commerce growth, rising product customization, and rising popularity of skateboarding. Major trends in the forecast period include technological integration, advancements in the manufacturing process, integration of new materials, technological advancements in footwear design, and smart skating shoes.
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Market Drivers and Trends:
The growing popularity of skating sports is expected to propel the growth of the skating shoes market going forward. Skating sports refer to athletic activities involving skates, such as skateboarding, rollerblading, and ice skating. The popularity of skating sports is increasing due to their accessibility, cultural influence, and evolving skatepark infrastructure. Skating shoes provide grip, durability, and impact protection for maneuverability and safety in skating sports. For instance, in September 2021, according to the Australian Sports Commission, an Australia-based Australian government commission, during the 2020-21 period, approximately 282,000 Australians aged 15 and over participated in roller sports, including skateboarding, rollerblading, and non-motored scooters. The growing popularity of skating sports is driving the growth of the skating shoes market.
Major companies operating in the skating shoes market are focusing on developing innovative products, such as mesh-material shoes, to enhance performance and meet evolving consumer preferences. Mesh materials shoes refer to lightweight, breathable fabrics often used for enhanced ventilation and comfort. For instance, in April 2024, Nike Inc., a US-based footwear company, launched Day One, a skate shoe crafted to provide children with a stable and supportive experience. It reduces weight by eliminating excess foam, integrates suede overlays and mesh panels for durability and breathability, and includes a visible Zoom Air unit in the heel for enhanced cushioning during high-impact maneuvers.
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Major Key Players of the Market:
Louis Vuitton, Nike Inc., Adidas Group, PUMA SE, Under Armour Inc., ASICS Corporation, Reebok International Ltd., New Balance Athletics Inc., Converse Inc., K2 Sports LLC, Vans, Woodland, Cariuma, Rollerblade, Roller Derby Skate Corporation, Mesuca Sports Guangdong, Sure-Grip International, Cougar Shoes Inc., Skorpion Sports Ltd., Riedell, Roces S.r.l., Powerslide Sportartikelvertriebs GmbH
Skating Shoes Market 2024 Key Insights:
• The skating shoes market size is expected to see steady growth in the next few years. It will grow to $1.08 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%.
• Skating Sports Driving Surge In Skating Shoes Market Growth
• Innovative Shoe Materials Driving Advancements In Skating Shoes Market
• North America was the largest region in the skating shoes market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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