Basketball Shoes Market Growth, Size, Trends, Demand, Revenue, Challenges and Future Outlook
Basketball Shoes Market Size- By Shoes Type, By Closure Type, By Buyer Type, By Application, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: FMCG23119 | Pages: 1 - 244 | Formats*: |
| Category : Consumer & Retail | |||
Basketball Shoes Market Introduction and Overview
According to SPER Market Research, the Basketball Shoes Market is estimated to reach USD 7.11 billion by 2033 with a CAGR of 2.9%.
The report includes an in-depth analysis of the Basketball Shoes Market, including market size and trends, product mix, Applications, and supplier analysis. Basketball shoes are classified as sports shoes and are mainly meant to be used for vigorous basketball games or other physical activities. Athletes need them because they give flexibility, road traction, torsional stability, stability or motion control, and other benefits. Basketball players are constantly jumping, starting, and stopping; thus, their shoes must give ankle stability, act as shock absorbers, and allow for lateral movement. Consequently, basketball shoes are much thicker than running shoes. Numerous features offered by basketball shoes have a positive impact on the global basketball shoe market.
- 2023: Nike unveiled a new basketball footwear system focused on certain moves. The Air Zoom Greater Than Series, which includes three movement-specific basketball sneakers designed with a combination of technology and engineering, has refocused Nike Basketball on the run, cut, and jump moves.
- 2022: A new and improved partnership between the Reebok brand in the US and Foot Locker, Inc., a specialty athletic retailer based in New York, was announced by Authentic Brands Group, a global company that develops, markets, and provides entertainment for brands.
Market Opportunities and Challenges
Basketball shoes have minimal technical barriers to entry, but a number of other factors, including brand rivalry, escalating costs for raw materials, fresh design trends, and an increase in the middle class's discretionary spending population, are influencing market growth. Smart technologies such as connected textiles, the internet of things in footwear, and material developments are also driving market growth. In order to fulfil the enormous demand for a wide variety of shoe kinds and mass customization, manufacturers of basketball shoes are quickly turning to 3D printing. More people are participating in sports as they become more aware of their health and fitness. Women's participation in sports is also aiding the sector's growth.
Customers are becoming more interested in the athleisure trend as the necessity for a varied wardrobe develops. A basketball shoe's unique design with added characteristics distinguishes it from other types of footwear, limiting its application to basketball. Manufactured items have become more expensive as a result of the economic crisis. Furthermore, the use of high-quality raw materials in the production of basketball shoes influences the final price of the product, costing the consumer an arm and a leg, reducing sales of the target product. The high cost of basketball shoes works as a stifling element in the global basketball shoes market.
Market Competitive Landscape
A number of well-known companies use a variety of tactics to increase their market share and provide them an advantage over rivals in the industry. Mergers and acquisitions, as well as partnerships and collaborations, are some of the techniques employed by industry participants. The major players in the market include: Adidas Group, ASICS, Converse, ECCO Li Ning Company Ltd., New Balance, Nike Inc., PUMA SE, Under Armour Inc., VANS, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Shoes Type, By Closure Type, By Buyer Type, By Application, By Sales Channel. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Adidas Group, ASICS, Converse, ECCO Li Ning Company Ltd., New Balance, Nike Inc., PUMA SE, Under Armour Inc., VANS, Others. |
COVID-19 Impact on Basketball Shoes Market
The target product market is likely to expand in the near future as market participants become more aware of the necessity of quality over quantity when manufacturing their products. Despite the fact that basketball shoes have been used for a long time, the COVID-19 pandemic has left some residual changes in basketball footwear sales, such as lockdown restrictions disrupting global distribution, which will continue to positively impact the global market for basketball footwear.
Key Target Audience:
- Basketball Players
- Sneaker Enthusiasts and Collectors
- Athletes in Related Sports
- Fitness Enthusiasts
- Health and Orthopaedics Concerns
Our in-depth analysis of the Basketball Shoes Market includes the following segments:
| By Shoes Type: |
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| By Closure Type: |
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| By Buyer Type: |
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| By Application: |
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| By Sales Channel: |
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Key Topics Covered in the Report:
- Basketball Shoes Market Size (FY’2023-FY’2033)
- Overview of Basketball Shoes Market
- Segmentation of Basketball Shoes Market By Shoes Type (High Tops, Low Tops, Mid Tops)
- Segmentation of Basketball Shoes Market By Closure Type (Laces, Straps, Velcro, Zippers)
- Segmentation of Basketball Shoes Market By Buyer Type (Individual, Institutional, Promotional)
- Segmentation of Basketball Shoes Market By Application (Amateur Sports, Competition, Daily Wear)
- Segmentation of Basketball Shoes Market By Sales Channel (Offline, Online)
- Statistical Snap of Basketball Shoes Market
- Expansion Analysis of Basketball Shoes Market
- Problems and Obstacles in Basketball Shoes Market
- Competitive Landscape in the Basketball Shoes Market
- Impact of COVID-19 and Demonetization on Basketball Shoes Market
- Details on Current Investment in Basketball Shoes Market
- Competitive Analysis of Basketball Shoes Market
- Prominent Players in the Basketball Shoes Market
- SWOT Analysis of Basketball Shoes Market
- Basketball Shoes Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Basketball Shoes Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Basketball Shoes Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Basketball Shoes Market
7. Global Basketball Shoes Market, By Shoes Type (USD Million)
7.1. Global Basketball Shoes Market Value Share and Forecast, By Shoes Type, 2023-20337.2. High Tops7.3. Low Tops7.4. Mid Tops
8. Global Basketball Shoes Market, By Closure Type (USD Million)
8.1. Global Basketball Shoes Market Value Share and Forecast, By Closure Type, 2023-20338.2. Laces8.3. Straps8.4. Velcro8.5. Zippers
9. Global Basketball Shoes Market, By Buyer Type (USD Million)
9.1. Global Basketball Shoes Market Value Share and Forecast, By Buyer Type, 2023-20339.2. Individual9.3. Institutional9.4. Promotional
10. Global Basketball Shoes Market, By Application (USD Million)
10.1. Global Basketball Shoes Market Value Share and Forecast, By Application, 2023-203310.2. Amateur Sports10.3. Competition10.4. Daily Wear
11. Global Basketball Shoes Market, By Sales Channel (USD Million)
11.1. Global Basketball Shoes Market Value Share and Forecast, By Sales Channel, 2023-203311.2. Offline11.3. Online
12. Global Basketball Shoes Market Forecast, 2019-2033 (USD Million)
12.1. Global Basketball Shoes Market Size and Market Share
13. Global Basketball Shoes Market, By Shoes Type, 2019-2033 (USD Million)
13.1. Global Basketball Shoes Market Size and Market Share By Shoes Type (2019-2026)13.2. Global Basketball Shoes Market Size and Market Share By Shoes Type (2027-2033)
14. Global Basketball Shoes Market, By Closure Type, 2019-2033 (USD Million)
14.1. Global Basketball Shoes Market Size and Market Share By Closure Type (2019-2026)14.2. Global Basketball Shoes Market Size and Market Share By Closure Type (2027-2033)
15. Global Basketball Shoes Market, By Buyer Type, 2019-2033 (USD Million)
15.1. Global Basketball Shoes Market Size and Market Share By Buyer Type, (2019-2026)15.2. Global Basketball Shoes Market Size and Market Share By Buyer Type, (2027-2033)
16. Global Basketball Shoes Market, By Application, 2019-2033 (USD Million)
16.1. Global Basketball Shoes Market Size and Market Share By Application, (2019-2026)17. Global Basketball Shoes Market Size and Market Share By Application, (2027-2033)
18. Global Basketball Shoes Market, By Sales Channel, 2019-2033 (USD Million)
18.1. Global Basketball Shoes Market Size and Market Share By Sales Channel (2019-2026)18.2. Global Basketball Shoes Market Size and Market Share By Sales Channel (2027-2033)
19. Global Basketball Shoes Market, By Region, 2019-2033 (USD Million)
19.1. Global Basketball Shoes Market Size and Market Share By Region (2019-2026)19.2. Global Basketball Shoes Market Size and Market Share By Region (2027-2033)19.3. Asia-Pacific19.3.1. Australia19.3.2. China19.3.3. India19.3.4. Japan19.3.5. South Korea19.3.6. Rest of Asia-Pacific19.4. Europe19.4.1. France19.4.2. Germany19.4.3. Italy19.4.4. Spain19.4.5. United Kingdom19.4.6. Rest of Europe19.5. Middle East and Africa19.5.1. Kingdom of Saudi Arabia19.5.2. United Arab Emirates19.5.3. Rest of Middle East & Africa19.6. North America19.6.1. Canada19.6.2. Mexico19.6.3. United States19.7. Latin America19.7.1. Argentina19.7.2. Brazil19.7.3. Rest of Latin America
20. Company Profile
20.1. Adidas AG20.1.1. Company details20.1.2. Financial outlook20.1.3. Product summary20.1.4. Recent developments20.2. ASICS20.2.1. Company details20.2.2. Financial outlook20.2.3. Product summary20.2.4. Recent developments20.3. Converse20.3.1. Company details20.3.2. Financial outlook20.3.3. Product summary20.3.4. Recent developments20.4. ECCO20.4.1. Company details20.4.2. Financial outlook20.4.3. Product summary20.4.4. Recent developments20.5. Li Ning Company Ltd20.5.1. Company details20.5.2. Financial outlook20.5.3. Product summary20.5.4. Recent developments20.6. New Balance20.6.1. Company details20.6.2. Financial outlook20.6.3. Product summary20.6.4. Recent development20.7. Nike Inc.20.7.1. Company details20.7.2. Financial outlook20.7.3. Product summary20.7.4. Recent developments20.8. PUMA SE20.8.1. Company details20.8.2. Financial outlook20.8.3. Product summary20.8.4. Recent developments20.9. Under Armour Inc.20.9.1. Company details20.9.2. Financial outlook20.9.3. Product summary20.9.4. Recent developments20.10. VANS20.10.1. Company details20.10.2. Financial outlook20.10.3. Product summary20.10.4. Recent developments20.11. Others
21. List of Abbreviations
22. Reference Links
23. Conclusion
24. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Basketball Shoes Market is projected to reach USD 7.11 billion by 2033, growing at a CAGR of 2.9% during the forecast period.
Basketball Shoes Market grew in market size from 2023. The Market is expected to reach USD 7.11 billion by 2033, at a CAGR of 2.9% during the forecast period.
Basketball Shoes Market CAGR of 2.9% during the forecast period.
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Basketball Shoes Market size is USD 7.11 billion from 2023 to 2033.
Basketball Shoes Market Segment is Covered By Shoes Type, By Closure Type, By Buyer Type, By Application, By Sales Channel.
The North America region is anticipated to have the highest market share in Basketball Shoes Market.
The key players in the market include Companies Covered Adidas Group, ASICS, Converse, ECCO Li Ning Company Ltd., New Balance, Nike Inc., PUMA SE, Under Armour Inc., VANS, Others.
Basketball shoes have minimal technical barriers to entry, but a number of other factors, including brand rivalry, escalating costs for raw materials, fresh design trends, and an increase in the middle class's discretionary spending population, are influencing market growth.
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