Global Turf Shoes Market to Grow 4.57% CAGR to 2021 – Analysis of Adidas, Kering, Nike, New Balance, and Under Armour

MarketResearchNest.com adds “Global Turf Shoes Market 2017-2021” new reports to its research database. The report spread across 79 pages with tables and figures in it.

The research analysts forecast the global turf shoes market to grow at a CAGR of 4.57% during the period 2017-2021.

Turf shoes have extremely durable rubber outsoles. Compact rubber studs and patterns on the outsoles of artificial turf shoes aid in improving the traction on hard, natural fields and artificial turf. Turf shoes are suited for soccer training and as back-up shoes on hard surfaces. Turf shoe designs ensure maximum mobility. The height of a turf shoe is generally low-top, and the bottom of the shoe features dozens of small rubber studs with a minute degree of spacing between each stud. The studs ensure a firm grip on the turf surface. Turf shoes, thus, reduce the possibility of slipping. Therefore, the primary goal of this type of footwear is to help gain traction on artificial grass surfaces.

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Technavio recognizes the following companies as the key players in the global turf shoes market: Adidas, Kering, Nike, New Balance, and Under Armour.

Other Prominent Vendors in the market are: 3N2, JOMA SPORT, Amer Sports, ASICS, Diadora Sport, and Mizuno.

The latest trend gaining momentum in the market is Eco-friendly turf shoes. The global turf shoes market is expected to register an increased demand for eco-friendly products owing to a rising interest in ensuring environmental sustainability. This implies replacing traditional leather, synthetic rubber, polyurethane, nylon, and other synthetic materials that are used in the manufacture of turf shoes with organic cotton, water-based adhesives, and recycled plastic materials. The advanced non-toxic thermoplastic elastomer is also being increasingly used in different kinds of sports equipment.

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According to the report, one of the major drivers for this market is Increasing number of grassroot programs. Grassroot programs are conducted in schools, clubs, and communities that help in developing core values of football, especially among the youth. The increasing number of grassroot programs are driving the growth of the turf shoes market globally. Such programs influence the youth to become professional football players. FIFA conducted multiple grassroot programs in regions like Africa, Asia, and the Americas to develop core sporting values among the youth. According to the AIFF and FIFA, there were approximately 6,540 clubs, state associations, and district associations in India as of 2014.

Further, the report states that one of the major factors hindering the growth of this market is Lack of required infrastructure and popularity. Many countries across the globe do not have the required infrastructure to support all types of sports. As a trend, most people of a specific nation pursue the sport that is widely popular in the nation. This limits the market for other sports in terms of revenue growth. As a result, other sports that could have gained popularity remain stunted and underdeveloped.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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