Global Skating Shoes Market 2016-2020
About Skating Shoes Market
The global skating shoes market has been divided into two product segments, namely, roller skating shoes or quad skates and inline skating shoes. Presently, the roller skating shoes segment is gaining prominence over the other product segment by registering the highest sales revenue and a dominant share of the market. This trend is expected to gain further traction during the forecast period, with the growing popularity of roller derby and increasing adoption of quad skates. MEA and APAC have been displaying a favorability toward the adoption of roller skating shoes due to a rising popularity of high-speed inline skating in the regions, which has been propelling major vendors to venture into the regions' emerging markets.
Technavio’s analysts forecast the global skating shoes market to grow at a CAGR of 1.62% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global skating shoes market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of skating shoes to individual consumers and skating rinks.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Skating Shoes Market 2016-2020
Technavio recognizes the following companies as the key players in the global skating shoes market: Cougar, King Line, Mesuca Sports Guangdong, POWERSLIDE, Roces, and Rollerblade.
Other Prominent Vendors in the market are: K2 Sports, Riedell, Roller Derby Skate, Seba Skates, Skorpion Sports, and Sure-Grip Skate.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be innovations in the mechanization of skating shoes. A growing interest in skating has led key vendors to constantly innovate and introduce new products and skating shoes for different skating events and activities across the globe. These product innovations in skating shoes not only provide consumers with a convenient and comfortable skating experience, but also help give the skating shoes market a much-required boost. Major innovations in skating shoes have come in the form of their mechanization and design.”
According to the report, growing number of skating rinks will be a key driver for market growth. Roller skating rinks may either be located indoor or outdoor. Skating rinks first emerged in the late 19th century to offer skating as a recreational activity to the higher income population. However, roller skating, as a sport, experienced a major mass market demand and popularity in the 1920s. Later on, this phase of mass market demand was further fueled with the advent of the disco culture. During this period, a large number of skating rinks were established in the US. However, with the beginning of the 21st century, most of these skating rinks had been shut down.
Further, the report states that one of the biggest challenges associated with skating is the sport's high propensity toward injuries. Skating is highly risky, and due to this, it loses out on a high share of its popularity. There lies a high degree of participation by children in roller and inline skating activities. About 604,500 Australian children participated in inline skating and skateboarding activities in 2008. Around 38,000 people participated in roller skating or inline skating in England in 2015. Out of this number, approximately 8% were children aged between 5 and 15 years.
Cougar, King Line, Mesuca Sports Guangdong, POWERSLIDE, Roces, Rollerblade, K2 Sports, Riedell, Roller Derby Skate, Seba Skates, Skorpion Sports, and Sure-Grip Skate.