As per newly released data by Future Market Insights (FMI), the Tennis Shoes Market is estimated at USD 157.4 million in 2022 and is projected to reach USD 244.5 million by 2032, at a CAGR of 4.5% from 2022 to 2032.
| Attribute | Details |
|---|---|
| Estimated Tennis Shoes Market Size 2022 | USD 157.4 Million |
| Projected Tennis Shoes Market (2032) Market Size | USD 244.5 Million |
| Value CAGR (2022 to 2032) | 4.5% |
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Tennis shoes are a form of footwear having a flexible synthetic or rubber sole. Tennis shoes are built for specific sorts of courts. A surface with hard courts, like concrete, needs sturdy shoes. Hence, these shoes are designed with extra grip on the sole to enable them suitable for a variety of surfaces.
Tennis shoes are fundamentally developed for sports and provide adequate grip to improve the athlete's performance.
Tennis is an amazing sport that is increasingly becoming popular among the worldwide population over time. Tennis is the most popular individual sport throughout the globe, as well as one of the most popular activities to watch on television.
Tennis is also popular among individuals of all ages since it is easy on the joints and muscles, reducing the risk of injury. As a result, it is also popular among the elderly. Consequently, the participation of people of all ages provides tennis shoe makers with a substantial growth opportunity in the global market.
The incorporation of technology in athletic footwear to monitor an athlete's progress is projected to increase the popularity of the tennis shoe market. In 2019, companies such as Digitsole released smart shoes that provide tailored feedback on a number of health monitoring elements.
Pressure sensors, ambient environmental sensors, navigation systems, and temperature controllers are among the features of smart shoes. The release of identical shoes in the style of tennis shoes is expected to entice consumers and assist them in tracking statistics.
Nike announced the release of its third generation of smart sneakers, the HyperAdapt series, in 2020. It is a smart shoe featuring self-lacing technology and pressure sensors. These digital technologies are critical to the expansion of the global tennis shoe market.
There are several other companies taking part in the smart tennis shoes sector with the use of novel technologies. Tennis shoe technology has the ability to push the market to new heights and open up new prospects for tennis shoe makers in the future.
For players in the tennis shoes sector, emerging markets provide enormous growth opportunities.
Despite the fact that specific tennis shoes for the various types of courts are available on the market, a lack of information regarding multiple kinds of tennis shoes, often including grass court tennis shoes, hard court tennis shoes, and clay court tennis shoes, is inhibiting the worldwide market's growth.
The lack of information among people in growing markets such as Brazil, India, and South Africa limits the worldwide market growth. Moreover, the existence of counterfeit goods is a substantial impediment to industry growth.
Key players are collaborating with tennis heroes to uplift the market
To commemorate the tennis legend's final match of his career and the Laver Cup, sports shoes manufacturer, On has released a limited edition trainer co-created with Roger Federer. The Roger Advantage LC22 trainer is a modern, specially designed tennis shoe with sharp lines and little stitching made of ultra-smooth matte vegan leather.
The sneakers include Laver Cup elements like the tournament emblem on the surface of the shoes, as well as the British and Swiss flags to symbolize this year's host city. They also have blue and red lace loops, as well as the trademark red and blue Speedboard, which represents two competitors.
Organisations in the USA are focusing on the recycling of shoes to reduce waste production
Fox Chapel Garden Club's annual tennis shoe recycling programme had a record-breaking year. From late August to early October, the volunteer group collected over three thousand shoes. It was the 15th consecutive year for the club's repurposed athletic wear project. Churches, schools, sports clubs, and fitness and rehabilitation institutes all had collection boxes put up.
The collection was around 50% higher than the previous year, and the club was tremendously appreciative of everyone who helped. The timing of the drive was well-panned.
The collection is launched around back-to-school in order to catch families emptying out their cabinets. Volunteers packed around 45 boxes, to be shipped to the Nike Reuse a Shoe programme, which turns old shoes into Nike Grind. This material is used to make running tracks, playground mats, and other items made of rubber, foam, fibre, leather, or textiles.
China has the largest producer of counterfeit products
The popularity of tennis is growing at a rapid pace in the country. As a result, the demand for tennis shoes is also increasing. The tennis shoes manufactured by the key brands are priced too high for the normal middle-class population. Hence, due to a demand-supply imbalance, China is the top producer and seller of counterfeit shoes on the market.
Popular brands' shoes, such as Adidas, Nike and others, are copied and sold at low costs in the market. As a result, customers have access to cheaper fake tennis shoes on the market quite easily, limiting the growth of the tennis shoes market globally.
Hard Court Tennis Shoes will contribute a major share of the market
The hard court tennis shoes segment acquired a significant proportion of the global market in 2022 and is likely to maintain its market dominance during the forecast period due to the availability of hard tennis courts being more than other courts. This feeds the demand for hard-court tennis shoes.
Furthermore, the infrastructure costs of these courts must be modest. The United States has the hardest tennis courts. The growing popularity and viability of hard courts drive sales of tennis shoes used on hard courts among tennis players worldwide.
Comparatively, men are involved in more outdoor and sports activities
The trends in the tennis shoes market indicate that the men's segment gained a significant part of the global market in 2022 and is likely to maintain its market dominance during the forecast period.
During the projected period, a constant increase in male participation in outdoor activities such as tennis is anticipated to propel the expansion of the tennis shoes market. Furthermore, market participants have started introducing lightweight and comfortable shoes for men. These are composed of flexible cloth and have a moisture-wicking characteristic, which increases their popularity among men.
Specialty stores are mainly preferred by the consumers
According to the tennis shoes market data, the specialty retailer category accounted for more than half of the global tennis shoes market size in 2022 and is likely to maintain its position during the forecast period. Consumers benefit from the convenience of diversified shopping under one roof provided by specialty retailers.
Specialty stores offer consumers a premium advantage, such as wider accessibility of tennis shoe at reduced prices, the expertise of salespersons, and simple checkouts. These benefits are projected to fuel the growth of the tennis shoes market over the forecast period.
Top players in the tennis shoes market are focusing on collaborating with tennis giants to gain more consumer attraction. While they are also looking for ways to manufacture sustainable products to interest eco-friendly consumers.
For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania & Middle East and Africa(MEA) |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand. |
| Key Segments Covered | Playing Surface, Application, Consumer Orientation, Sales Channel, and Region. |
| Key Companies Profiled | Adidas Group; Nike Inc.; New Balance; ASICS; PUMA SE; Under Armour, Inc.; Li Ning Company Ltd.; ECCO; China Dongxiang (Group) Co., Ltd.; 361 Degrees International Limited.; Vans; Converse |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The tennis shoes market valued at USD 157.4 million in 2022.
The growth potential of the tennis shoes market is 4.5% CAGR through 2033.
Technology integrated athletic footwear is expected to fuel the tennis shoe market.
Dearth of information about different tennis shoe varieties and low awareness in growing markets.
Nike Inc. is a well-known brand of tennis shoes.
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Tennis Shoes Market
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