Global Court Shoes Market 2017-2021

Overview of the global court shoes market

Market research analysts at Technavio predict that the global court shoes market will grow steadily during the next four years and post a CAGR of over 2% by 2021. This market research analysis identifies the increasing number of tournaments as one of the primary growth factors for this market. 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. This increase in the number of participants will directly impact the demand for court sports equipment such as court shoes, in turn, contributing to the growth of this market. The Premier Badminton League that is organized and commercially owned by the Badminton Association of India and the China Open, the annual badminton tournament held in China are some of the major tournaments that improve the adoption of court sports.

One of the latest trends that will gain traction in the court shoes market in the coming years is the increased focus on shoe designing. Due to the growing demand for better and more sustainable sports footwear, the vendors are exploring various designing and production techniques and are focusing more on consumer requirements such as comfort, style, and enhancement of performance. Additionally, the vendors are coming up with sustainable compounds like the BioMoGo compound that allows anaerobic microbes to break down the midsole once the shoe is discarded as typically, sports footwear midsoles have been made of EVA (ethylene vinyl acetate), which is the least biodegradable component of a shoe that could be present in landfills for over 1,000 years. 

Competitive landscape and key vendors

Due to the presence of well-established vendors that have considerable presence in the market, this market appears to be competitive. Vendors in this market have established operations in multiple geographies and are popular among end-consumers with effective penetration levels. The court shoes market is subject to new product innovations and launches during the forecast period.

The leading vendors in the market are -

• Adidas
• ASICS
• New Balance
• Nike
• Skechers

The other prominent vendors in the market include Amer Sports, AVIA, Columbia Sportswear Company, Nfinity, Eddie Bauer, The Rockport Group, and Saucony.

Segmentation by sport and analysis of the court shoes market

• Badminton court shoes
• Squash court shoes
• Basketball court shoes

During 2016, the basketball court shoes segment accounted for the major shares and dominated this market. The most important equipment required for playing basketball is the footwear as the sport involves a lot of running and jumping around on hard floor. These shoes help players pivot and change directions at a moment’s notice. Factors such as the durability and stability of the shoes as they are mostly made of synthetic materials or mesh will contribute to the growth of this market segment in the coming years.

Geographical segmentation and analysis of the court shoes market

• Americas
• APAC
• Europe
• ROW

This market study estimates that in terms of geographic regions, Europe will be the major revenue contributor to the market by 2021. The increase in awareness of the physical benefits of engaging in sports that is motivating people and children to take part in athletic events, will subsequently contribute to the growth of the court shoes market in this region during the forecast period. Additionally, the growing participation in fitness and sports activities will also boost the market's growth in Europe.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global court shoes market?
• What are the key market trends impacting the growth of the global court shoes market?
• What are the challenges to market growth?
• Who are the key vendors in the global court shoes market?
• What are the market opportunities and threats faced by the vendors in the global court shoes market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and ROW.
• What are the key outcomes of the five forces analysis of the global court shoes market?

Technavio also offers customization on reports based on specific client requirement.

The global court shoe market includes products like badminton shoes, basketball shoes, and squash shoes. With the launch of latest designs in court shoes and the increasing awareness of latest fashion among consumers, the demand for footwear has been predicted to increase in the coming years. Technavio’s industry research reports for the consumer and retail industry include a wide range of product and service markets including cosmetics and toiletry and toys and baby products. In addition to giving evaluative information on several factors such as changing consumer preferences and the challenges faced by the vendors that will curtail their growth, Technavio’s reports also render detailed information of the leading vendors, their products and services, and the ever-changing landscape of the consumer retail sector.

Technavio’s market research experts follow a combination of primary and secondary research techniques and carry out an in-depth analysis of many factors, including the development of technology and the uncertain demand and supply for a range of products and services globally. To help clients design new strategies to enter into the market, our upcoming industry research report on the global court shoe market for the forecast period 2017-2021 provides detailed insights collected from reliable sources of data such as manufacturers, channel partners, regulatory bodies, and decision makers.

This upcoming industry research report on the global court shoe market for the forecast period 2017-2021 also takes into account the growth of related markets such as sports bicycle and paddle sports equipment, which are expected to grow at a CAGR of nearly 6% and 13%, respectively by the year 2021. According to our analysts, the global court shoe market is facing challenges such as the increasing raw material and labor costs and the increasing availability of counterfeit products in the market. Technavio also offers customized reports based on the specifications of the clients, with an aim to help vendors and players to authenticate their presence in the consumer and retail sector.

The upcoming industry research report on the global court shoe market also recognizes the key drivers, developing trends, and the challenges tackled by the industry and also offers important insights into the apparel and textile and luggage.