Market Highlights: Basketball shoes are is footwear which is used in basketball sport to maintain foot health especially protect the twisting of ankles during play. Basketball shoe market has high growth prospects as market leaders are focusing on technological development such as material innovation, innovative lacing technology, and others. Further, increasing the focus of millennials on sports culture and rising online sales of sports goods growing the basketball shoe market. The market study is being classified by Type (High-tops Basketball shoes, Mid-tops Basketball shoes, Low-tops Basketball shoes and Others), by Application (Competition, Amateur Sports, Daily Wear and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Basketball Shoes are Nike (United States), Adidas AG (Germany), Peak Sports Products (China), Anta Sports (China), Li-Ning Company Limited (China), Under Armour (United States), Air Jordan (United States), Reebok (United States), ERKE (China), XTEP International Holdings Limited (China), VOIT (Mexico), 361 Degrees International Limited (China) and Mizuno Corporation (Japan).
15th January 2019, Nike introduces new Adapt BB basketball shoe featured with innovative lacing technology, constantly updated firmware and an app to create custom fitting. and 1st Feb 2019, Puma is releasing new smart shoe called Fi with self-lacing technology which facilitates loosing or tightening of laces on the swipe of a finger.
Key Questions Answered in the Report What will the Basketball Shoes Market size and the growth rate be in Future? What are the key factors driving the Basketball Shoes Market? What are the key market trends and macro-economic impacting the growth of the Basketball Shoes Market? What are the challenges to market growth? Who are the key vendors in the Basketball Shoes Market? What are the market opportunities and threats faced by the vendors in the Basketball Shoes Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Basketball Shoes Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Basketball Shoes market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Basketball Shoes market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw Material Suppliers, Athletic Footwear Manufacturers, Online/ Offline Retailers, Sport Associations, Distribution platforms, Government Agencies, Market Research Firms and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.