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Current Dynamics of the Global Skateboard Shoes Market | NIKE, Inc., New Balance Athletics, Inc., Vans, A VF Company, Emerica, Lakai Footwear Ltd.
Skateboard Shoes Market
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Market Dynamics
The vulcanized skateboard shoes are anticipated to dominate the market during the forecast period, owing to the rising adoption by athletes who prefer a lot of board feel. However, vulcanized shoes offer less impact protection due to a lack of heel support and thinner soles.
North America is estimated to hold a significant share owing to the presence of a significant number of skate parks in the region. In addition, various organizations provide funding for creating skate parks, contributing to the regional market growth.
Asia-Pacific is estimated to exhibit considerable growth attributed to the increasing awareness regarding skateboarding, and the rise of skateboarding culture with the initiation of tournaments in the region. Additionally, the increasing number of young athletes in the region is contributing to the regional market growth.
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The major companies serving the global skateboard shoe market include NIKE, Inc., New Balance Athletics, Inc., Vans, A VF Company, Emerica, Lakai Footwear Ltd., and others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions contributing significantly to market growth.
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