The Football Shoes Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Football Shoes Global Market Report 2024, The football shoes market size has grown strongly in recent years. It will grow from $18.22 billion in 2023 to $19.38 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to the evolution of football regulations, professional endorsements and sponsorships, technological advancements, professional endorsements and sponsorships, and increasing participation in football.
The football shoes market size is expected to see strong growth in the next few years. It will grow to $24.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to the growing popularity of football, youth sports participation, endorsements and sponsorships, e-commerce growth, and brand loyalty and reputation. Major trends in the forecast period include sustainability and eco-friendly materials, customization and personalization, influence of sports celebrities and sponsorships, regional expansion, and innovative marketing strategies.
The rising popularity of football is expected to propel the growth of the football shoes market going forward. The popularity of football is rising due to its global appeal, simplicity, and the excitement of international tournaments. With their specialized design and traction, football shoes enhance player performance and agility, making them an indispensable element of the game. For instance, in January 2022, according to Football Australia, an Australia-based governing body of football, total football participation grew by 20% in 2021, reaching 1,421,804 from 1,181,931 in 2020. Additionally, outdoor football participation saw an increase of 77,107 participants, or 16%, from 2020 to 2021. Therefore, the rising popularity of football is driving the growth of the football shoes market.
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The football shoes market covered in this report is segmented –
1) By Product: Soft Ground, Firm Ground, Artificial Ground, Hard Ground OR Multi-Ground, Turf Football, Indoor Football
2) By Material Type: Kangaroo Leather (K) Leather, Natural Leather, Synthetic Leather, Synthetic, Mesh, Knit
3) By Buyer Type: Individual, Institutional, Promotional
4) By Sales Channel: Independent Sports Outlet, Franchised Sports Outlet, Modern Trade Channels, Direct To Customer Brand Outlet, Direct To Customer Online Channel, Direct To Customer Institutional Channel, Third Party Online Channel
Major companies operating in the football shoes market are increasing their focus on developing innovative shoes, such as lightweight football shoes, to sustain their position in the market. Lightweight football shoes are designed to enhance a player’s speed, agility, and overall performance by reducing the weight of the footwear. For instance, in July 2024, Nike Inc., a US-based footwear company, introduced its new football boot, the Tiempo Legend 10. The Tiempo Legend 10 incorporates a new material called FlyTouch Plus, which provides a soft, light, and durable synthetic leather material to enhance ball control and touch. This innovation also reduces the weight of the boot, making it the lightest version of the Tiempo so far. Furthermore, the boot has 55 percent less water retention than previous models, allowing it to adapt to the athlete’s foot over time, regardless of weather conditions. The Tiempo Legend 10 is available in various colorways, including those from the Nike United Pack, which celebrate a new dawn for women’s football with gradient sunrise tones.
The football shoes market report table of contents includes:
1. Executive Summary
2. Football Shoes Market Characteristics
3. Football Shoes Market Trends And Strategies
4. Football Shoes Market – Macro Economic Scenario
5. Global Football Shoes Market Size and Growth
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32. Global Football Shoes Market Competitive Benchmarking
33. Global Football Shoes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Football Shoes Market
35. Football Shoes Market Future Outlook and Potential Analysis
36. Appendix
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