“Turf Shoes Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025 ” is the latest addition to MarketResearchReports.Biz industry research reports collection.
The main objective of this report is to define, describe, and forecast the global “Turf Shoes” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Turf shoes are specialized shoes which have extremely durable rubber outsoles. Turf shoes, on their outsoles, have compact rubber studs and patterns which help them to improve the traction and reduce the possibility of slipping on artificial, natural, or hard turfs. The height of turf shoes is normally low-top but are adjustable. Turf shoes also guarantee maximum mobility and are well-matched for sports training. The market is characterized by the existence of major turf shoe manufacturers who have established operations across multiple locations. The market is also distinguished by innovation in terms of launches and products from new vendors.
Many factors drive the global turf shoes market. Recent years have seen tremendous growth in the number of grassroots programs related to football and cricket among other sports. These programs are now widely conducted in clubs, communities, and schools which is expected to be a major driver of the market. Growing technological advancements associated with wearables linked with shoes is also expected to be a driver of the market. Moreover, the innovations in material used are also anticipated to boost the market. Additionally, increased awareness about the importance of exercise and maintaining fitness along with the promotional strategies of shoe manufacturers are expected to propel the growth of the market.
There are, however, some factors restraining the market’s growth. The lack of infrastructure and popularity are expected to be the major factors hindering the market’s growth. Many countries do not have the necessary infrastructure to support all kinds of sports. The popularity of one game over another, like cricket in India, has compelled the masses to take up the other sports as just a trend which is limiting the market size. Furthermore, the high prices of turf shoes as compared to normal shoes keep them out of the reach of the masses. This factor is also expected to emerge as a restraint to the growth of the market.
With turf shoes gaining momentum across all regions in the world, eco-friendly turf shoes are trending too. Eco friendly turf shoes are made of eco-friendly materials like organic cotton, water-based adhesives, non-toxic thermoplastic elastomer, and recycled plastic, rather than traditional materials like leather, synthetic rubber, polyurethane, nylon, and other synthetic materials. Their need is primarily triggered by the strong consumer interest in ensuring environmental sustainability.
The global turf shoes market can be segmented on the basis of type, distribution channel, and geography. On the basis of type, the market can be segmented into football turf shoes, baseball turf shoes, cricket turf shoes, field hockey turf shoes, and rugby turf shoes. Based on distribution channel, the global turf shoes market can be bi-furcated into offline distribution channel and online distribution channel.
On the basis of geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold a major share of the total market owing to the higher penetration of turf shoes as compared to other regions. The market in North America is also expected to expand at a significant rate, driven by countries such as the United States and its increasingly innovative products. In terms of market share, North America is expected to be followed by Europe and Asia Pacific. Middle East and Africa and South America are expected to hold a minor share of the total market.
The major players in the global turf shoes market are Adidas AG, Kering S.A., 3N2 LLC, Nike, Inc., New Balance Athletics, Inc., Under Armour, Inc. and ASICS America Corporation. Other prominent market players include Amer Sports Corporation, Joma, Diadora Sport S.r.l., Mizuno Corporation, Ringor, and Tanel360.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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