Global Cleats Market, By Ground Type (Firm/Natural Grass, Soft/Muddy Grass, Artificial Grass, Multi-Ground and Artificial Turf), Sports Type (Soccer, Rugby, American Football, Cricket and Others), Distribution Channel (Store-Based - Supermarkets and Hypermarkets, Specialty Stores and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Cleats Market
The cleats market is expected to be growing at a growth rate of 45.00% in the forecast period of 2022 to 2029 and would account to estimated value USD 28,000 million in 2029. Data Bridge Market Research analyses the factors responsible for fostering the growth of cleats market. The increased popularity of sports such as soccer, rugby, and cricket, as well as rising per capita disposable incomes, are the key drivers of the global cleats market.
Cleats are athletic shoes used in sports such as soccer, rugby, and football, among others. Depending on the sport, the surface, and the wearer's position or function in the game, different boot and stud cuts are available. Cricket, for example, is growing increasingly popular around the world. The introduction of T20 leagues around the world is expected to boost cricket's appeal in the future years.
The global cleats market is expected to grow due to the growing popularity of sports such as soccer, American football, and rugby, as well as an increase in participation. During the forecast period, rising disposable income and the expansion of the organised retail sector are expected to enhance the global cleats market. Consumer purchasing power is predicted to improve as per capita disposable income rises coupled with increasing their willingness to spend on cleats.
- On the flip side, high costs associated with the cleats manufactured with advanced technologies will pose a major challenge to the growth of market in the long run. Fluctuations in the prices of raw materials will further derail the market growth rate. Intense pricing pressure among the vendors will yet again hamper the market growth rate.
This cleats market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Cleats market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cleats Market Scope and Market Size
The cleats market is segmented on the basis of ground type, sports type, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of ground type, the cleats market has been segmented into firm/natural grass, soft/muddy grass, artificial grass, multi-ground and artificial turf.
- On the basis of sports type, the cleats market is segmented into Soccer, Rugby, American Football, Cricket and others
- On the basis of distribution, the cleats market is segmented into Store-Based - Supermarkets & Hypermarkets, Specialty Stores and Others
Cleats Market Country Level Analysis
The cleats market is analysed and market size insights and trends are provided by country, ground type, sports type, and distribution channel as referenced above.
The countries covered in the cleats market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominate the cleats market and will continue to excel its trend of dominance during the forecast period owing to the increased focus of the manufacturers on product innovations and increased expenditure for research and development proficiencies in regards to the incorporation of advanced technologies. Asia-Pacific will register the highest CAGR for the forecast period owing to the growing middle-class populations in Asia-Pacific's economies are raising customer expectations, resetting strategic imperatives for industrial manufacturers in the area, westernization and modernization are some major market growth determinants for this region.
The country section of the cleats market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cleats Market Share Analysis
The cleats market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cleats market.
Some of the major players operating in the cleats market are NIKE, Inc., Adidas AG, Under Armour, Inc., Puma SE, Fila Holdings Corp., Iconix Brand Group, Inc., New Balance, ASICS, Li Ning Sports Goods Co., Ltd., and Mizuno Corporation. GLOBERIDE, Inc. Callaway Golf Company and YONEX Co., Ltd. among others.
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