What Is The Overview Of The Global Football Shoes Market?
Football shoes, also known as soccer cleats, are specialized footwear designed for playing football (soccer). They feature studs or cleats on the sole to provide traction on grass or artificial turf. The upper part is typically made from leather or synthetic materials for durability and ball control. These shoes are essential for enhancing player performance and reducing the risk of injury.
Football Shoes Global Market Report 2024 provides data on the global football shoes market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The football shoes market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Projections Can We Expect For The Size And Growth Rates Of The Global Football Shoes Market?
The football shoes market has experienced strong growth in recent years. It is expected to rise 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 past has been driven by the evolution of football regulations, professional endorsements, sponsorships, technological advancements, and the increasing participation in football. In the next few years, the market is expected to continue growing, reaching $24.96 billion in 2028 with a CAGR of 6.5%. The projected growth is due to the increasing popularity of football, higher youth sports participation, endorsements and sponsorships, the rise of e-commerce, and brand loyalty. Key trends in the forecast period include the use of sustainable and eco-friendly materials, customization and personalization options, the influence of sports celebrities, regional market expansion, and innovative marketing strategies.
What Are The Core Factors Supporting Growth In The Football Shoes Market?
The global appeal of football is propelling growth in the football shoes market. The sport’s popularity stems from its simplicity and the excitement of international competitions. Football shoes, designed for better traction and agility, are essential for enhancing player performance. In January 2022, Football Australia reported a 20% increase in participation in 2021, with total numbers reaching 1,421,804 from 1,181,931 in 2020. Such developments are fueling the demand for football-specific footwear.
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What Are The Major Segments Within The Global Football Shoes Market?
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
Which Trends Are Expected To Transform The Football Shoes Market?
In the football shoes market, leading manufacturers are directing their efforts toward creating innovative footwear, such as lightweight football shoes, to improve players’ performance by boosting speed and agility. For instance, in July 2024, Nike Inc., a US-based footwear company, launched the Tiempo Legend 10, its newest football boot. This model incorporates FlyTouch Plus, a synthetic leather material that is soft, lightweight, and durable, enhancing ball control and touch. The innovation reduces the boot’s weight, making it the lightest version of the Tiempo series to date. Additionally, it retains 55% less water than earlier models, ensuring adaptability to various weather conditions and enabling a tailored fit for athletes.
What Is The Fastest Growing Region In The Football Shoes Market?
Europe was the largest region in the football shoes market in 2023. Middle East and Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the football shoes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
