The Global Sports Footwear Market is forecast to grow at a CAGR of 2.85% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The advances in shoe-knitting technology will be a key trend driving the market growth. Key manufacturers such as Nike and Adidas adopted the latest shoe knitting technology trend in their product offerings. This technology is gaining preference owing to the reduced waste generation and decreased labor requirement. Also, this technology reduces material costs, labor, shipping requirements, and others.
According to the report, the rising number of sports tournaments due to growing spectator interest will drive the market growth. The industry is witnessing increasing number of baseball and ball sports, that drives the demand for sports gear and equipment such as footwear. With the growing interest of population in sports activities, the number of registered players for baseball and softball tournament and matches has increased.
Further, the report states that the volatile cost of raw materials will impact the market growth. Key manufacturers are facing fluctuating profit margins owing to the fluctuating prices of raw materials and increasing competition among competitors. With the emergence of local players, the competitors are witnessing price wars in the marketspace. The increasing prices of raw materials impacts the profit margins of the competitors.
- New Balance
- Under Armour
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Pestle Analysis
8. Market Segmentation by Application
9. Market Segmentation by Product
10. Customer Landscape
11. Market Segmentation by End-User
12. Market Segmentation by Distribution Channel
13. Regional Landscape
14. Decision Framework
15. Drivers and Challenges
16. Market Trends
17. Competitor Landscape
18. Competitor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/d5fsfv/sports_footwear?w=4