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The football shoe market size is forecast to increase by USD 20.99 billion between 2022 and 2027, accelerating at a CAGR of 4.36%. In 2017, Brazil held the largest market share, projecting an annual revenue of USD 20.28 billion. The market size, historical data (2017-2021), and future forecasts are presented in terms of value (in USD billion) for all the mentioned segments in this report.
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Key Driver
Frequent launches of football shoes by companies are primarily propelling the market advancement of the Market. Football shoe designs and technologies change quickly, and manufacturers can keep up with the most recent market trends thanks to regular product introductions and frequent product launches. Their ability to satisfy customers who are constantly looking for the newest and most cutting-edge footwear is made possible by this.
Frequent product introductions encourage consumer excitement and anticipation. Manufacturers may retain their clientele interested in their brand and keep them engaged by regularly releasing new models. Sales and client loyalty may rise as a result of this. Among the new product introductions are:
The Decathlon SA football brand Kipsta introduced the Traxium Compressor football shoe in January 2023. Nike Inc. launched the Cristiano Ronaldo signature Mercurial line in October 2022. Therefore, regular product releases will have a favorable effect on the expansion of the worldwide market share.
The offline segment is the Leading Segment that will dominate the market size throughout the forecast period.
The offline segment was the largest segment and was valued at USD 73.28 billion in 2017. The majority of sales in the global football shoe market in 2022 came from offline sales channels. Supermarkets, department stores, hypermarkets, physical sporting goods stores, and other establishments are included in the offline market. The segment's rise can be ascribed to the attitudes and purchasing habits of its customers. Compared to other retailers, consumers view offline, or brick-and-mortar, stores as a more dependable source of genuine purchasing. Therefore, increasing sales through offline sales will have a significant impact on the growth of the offline distribution channel as well as the global football shoe market during the forecast period.
Europe Holds a Prominent Position in the Market
Europe is estimated to contribute 49% to the growth of the global market during the forecast period. Football is a very popular sport in many European countries, with passionate fan bases and competitive leagues. As a result, there is a significant demand for high quality among professional players, amateur players, and football enthusiasts across the region. Determinants like Europe is home to some of the most prestigious and competitive football leagues in the world, such as the English Premier League, Spanish La Liga, German Bundesliga, Italian Serie A, and French Ligue that draw global attention and generate excitement among fans, leading to increased interest in football-related products, including football shoes. Hence, these factors are most likely to boost the demand during the forecast period.
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The Market is fragmented in nature. Some significant players include Adidas AG, ANTA Sports Products Ltd., ASICS Corp., BasicNet Spa, Concave International Pty Ltd., Decathlon SA,
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Geox S.p.A, Iconix International, JOMA SPORT SA, Lotto Sport Italia Spa, Mizuno Corp, New Balance Athletics Inc., NEW MILLENNIUM SPORTS S.L., Nike Inc., Pantofola Doro Spa, PUMA SE, Skechers USA Inc., Thornico AS, Under Armour Inc., and Wareshop2 Ltd.
The Market is influenced by various factors, including spending on football shoes and health consciousness among consumers, driving increased athletic activity. Initiatives and promotional activities, especially in women's football, have led to the growth of this market. The market offers shoes suitable for different surfaces such as grass pitches, hard ground/multi ground, turf football, and indoor football, catering to the diverse needs of players. Sustainability is a key focus, with the adoption of sustainable technology and the use of recycled materials to reduce waste production and land pollution.
The market also caters to the FIFA World Cup and pre-season football games, with demand peaking during these events. Consumer perception and shopping behavior play crucial roles, with consumers often trying out the product before making a purchase decision. The market is accessible through various channels, including shopping malls, departmental stores, and brick-and-mortar sports stores, providing consumers with a wide range of options to choose from.
The market research report forecasts market growth analysis by revenue at global, regional & country levels and provides market trends and analysis and market growth and trends opportunities from 2017- 2027.
Football Shoes Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2023-2027 |
USD 20.99 billion |
Market structure |
USD Fragmented |
YoY growth 2022-2023(%) |
4.1 |
Regional analysis |
Europe, South America, APAC, North America, and Middle East and Africa |
Performing market contribution |
Europe at 49% |
Key countries |
Japan, UK, Germany, France, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adidas AG, ANTA Sports Products Ltd., ASICS Corp., BasicNet Spa, Concave International Pty Ltd., Decathlon SA, Geox S.p.A, Iconix International, JOMA SPORT SA, Lotto Sport Italia Spa, Mizuno Corp, New Balance Athletics Inc., NEW MILLENNIUM SPORTS S.L., Nike Inc., Pantofola Doro Spa, PUMA SE, Skechers USA Inc., Thornico AS, Under Armour Inc., and Wareshop2 Ltd. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our market analysis and report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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