Global Football Shoes Market – Overview
Football shoes are primarily designed to provide comfort while playing football. They are ideal for grass pitches with perfect grip that helps players to maintain posture during game. The modern football shoes do not cover ankles to provide additional comfort, like other sports footwear. Overall appearance of shoes and design is evolved from sneakers and has been modified over decades.
Current football shoes are produced by using synthetic materials or mostly by leather. The leather shoes are more appreciated for its comfort and performance on ground. It has higher potential to absorb water, which results in higher weight. Additionally, due to water weight the shoes often become difficult to maintain and clean. Thus, despite advantages of comfort and performance, the players look for early replacement. All these factors are contributing in demand for shoes made with synthetic material and fuelling the market from past decade.
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Global Football Shoes Market – Notable Developments
Some of the dominant players in the football shoes market include Select Sport A/S, Pantofola d’Oro SpA, Diadora Sports S.r.l, ASICS Corporation, Joma Sport SA, Mizuno Corporation, NIKE, Inc., PUMA SE, Adidas AG, and Under Armour, Inc.
The football Shoes market is increasingly becoming competitive owing to increasing number of players. These new players are concentrating on specialty retailers, which are creating hurdles for key players like Nike and Adidas. In order to get on positive side, the key players are looking to offer wide range of products with different designs and shades. Additionally, they are looking to expand their presence globally to reach their audience.
- In November 2020, FOUL GEAR introduced a bizarre football boot-inspired trainer in affordable prices to inspire its use in day-to-day life with casuals. Introduction of such products are likely to fuel the further market growth.
Global Football Shoes Market – Drivers and Restraints
The shoes made with synthetic materials offers higher water resistant property, which increases time frame to make shoes slick and stretched especially when exposed with water even for longer time. Additionally, the different designs and shades can be offered in the shoes made with inorganic material as the basic manufacturing material is synthetic and can be made available in desired shades and designs. The factors mentioned have impacted the demand for synthetic football shoes and are estimated to boost the football shoes market growth in coming years as well.
However, the increasing availability of counterfeit football shoes, which are generally produced by local manufacturers, are creating hurdles in the growth of the global football shoes market. Additionally, availability of fake or duplicate products is affecting the distribution channels of key players, and thereby negatively influencing the growth of the market.
Global Football Shoes Market – Regional Outlook
Among the regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, the Europe region is estimated to gain the substantial share in the overall revenue of football shoes market. This growth is majorly attributed to the increase craze for the game in recent years especially among young population. Additionally, increasing inclination toward health and physical activities in the region is contributing to boost demand for sports accessories and especially shoes, which is one of the key factors augmenting growth of the football shoes market. On the other hand, he market in Asia Pacific is estimated to be the most lucrative region and to exhibit the fastest growth rate. This growth is attributed to increasing number of players interested in the game along with number of football league in the region.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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