Global Court Shoes Market 2017-2021
About Court Shoes
Court shoes mainly include shoes worn while playing court sports such as squash, basketball, and badminton. These shoes are purpose built and are designed especially for specific court sports. Recent trends such as customization via 3D printing, personalization, and the shoe knitting technology that are being followed by several top manufacturers are revolutionizing the global court shoes market as well as the overall sports footwear market.
Technavio’s analysts forecast the global court shoes market to grow at a CAGR of 2.36% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global court shoes market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Court Shoes Market 2017-2021
Technavio recognizes the following companies as the key players in the global court shoes market: adidas, ASICS, New Balance, Nike and Skechers.
Other Prominent Vendors in the market are: Amer Sports, AVIA, Columbia Sportswear Company, Nfinity, Eddie Bauer, The Rockport Group and Saucony.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased focus on shoe designing. Vendors can be seen exploring various designing and production techniques due to the growing demand for better and more sustainable sports footwear. The science of shoemaking has evolved highly, enabling vendors to focus on secondary consumer requirements like comfort, style, and enhancement of performance.”
According to the report, one driver in the market is increasing number of tournaments. The number of court sports tournaments and matches being organized and played around the world is rising, leading to an increase in the rates of participation in these tournaments as well as the number of frequent players. Associations like the BWF, NBA, and International Squash Rackets Association are actively spending more on sponsoring elite international competitions and tournaments to encourage more participation.
Further, the report states that one challenge in the market is rising raw material cost and increasing competition. In recent times, sports footwear manufacturers like Nike, adidas, and ASICS have been experiencing fluctuations in their profit margins owing to the fluctuating prices of raw materials and increasing vendor competition. An influx of local players has been observed in the market in recent times.
adidas, ASICS, New Balance, Nike, Skechers, Amer Sports, AVIA, Columbia Sportswear Company, Nfinity, Eddie Bauer, The Rockport Group and Saucony.
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