Sports and Athletic Insole Manufacturers Banking Highly on Shock Absorbing Gel Sports & Athletic Insoles Sales: FMI
Rising participation in sports activity is expected to increase demand for sports and athletic insoles in the market as they prevent foot injuries and protect leg muscles, finds FMI. Sports and athletic insoles act as a protective shield between a person's foot and the ground. They provide arch support and are comfortable to use. This helps reduce tiredness and makes athletes more agile while playing a sport.
Sports And Athletic Insole Market
A recent market study published by Future Market Insights on the sports and athletic insol...
Shock absorbing gel insoles have gained popularity in the market due to its ability to prevent tissue damage. It experiences high demand from sports players and athletes due to its ability to prevent foot injuries by absorbing shock generated during hardcore sports. Increasing advancements and developments in the industry are driving the market growth.
Key Takeaways from the Sports and Athletic Insoles Market Report
- Global sports and athletic insoles market to grow at a CAGR of 7.7% through 2030
- The market is expected to amass a value of US$ 19,650.9 Mn
- South Asia to exhibit major growth due to increasing participation in sports activities
- Online sales likely to dominate the market due to increasing dependency on digital systems
- Rising production of counterfeit insoles in developing countries is expected to hinder market growth
"Players are focused on developing and creating customized insoles in order to gain a competitive advantage in the market. They are using various claims like orthotic running and walking insoles, environmentally friendly insoles and anti-impact insoles to attract larger audiences," says an FMI analyst.
COVID-19 Impact Analysis
The COVID-19 pandemic has disrupted industries in all sectors including the sports and athletic insoles market. There has been a decrease in demand due to the implementation of lockdown in several countries. The transport ban has also affected the import of raw materials, slowing down production of insoles. Players are now looking for cost efficient manufacturing methods in order to boost profits.
The market is slowly reviving as the pandemic regulations are being eased. The market is expected to bounce back 2021 onwards as players are now leaning towards digital systems to conduct sales.
Who Is Winning?
South Asia is dominating the market owing to its larger population and increasing disposable income. Players are now developing smart shoes that help track health metrics of the user and provide feedback based on it. Sensor technology is being integrated to provide better performing insoles. 3D printing has begun gaining prominence among manufacturers due to their environmental sustainability. Feetz have developed their own 3D printer by incorporating fused filament fabrication technique to create customized insoles.
Some of the key players in the market are Gravitus, Scholl, Powerstep, Superfeet Worldwide Inc., Aetrex Worldwide Inc., Protalus, Sorbothane Incorporated, Bauerfeind, Sidas, Aline Systems Inc., Digitsole and Atlantic Footcare Inc.
Valuable Insights into the Sports and Athletic Insoles Market Report
Future Market Insights (FMI) has recently presented a detailed analysis on the sports and athletic insoles market with an assessment for the years 2020-2030. The market is divided into several segments in order to create a comprehensive analysis. On the basis of base material type, the market is divided into polymer, plastic, rubber, carbon fiber and silicone. Based on the size, it is segregated into 4-5 size, 6-7 size, 8-9 size, 10-11 size and 12-13 size.
The market is segmented based on the consumer orientation into men, women and kids. Based on the sales channel, the market is divided into direct and indirect. The indirect segment can be further divided into hypermarkets/supermarkets, departmental stores, specialty stores, multi-brand stores, exclusive stores/franchised stores, online retailers and other sales channels. On the basis of geography, the market is segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.
About Consumer Products division of FMI
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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