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.This growth is primarily driven by Growing Sports Culture among Millennials
|Unit||Value (USD Million)|
|Key Companies in Study||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)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
Globally, a noticeable market trend is evident Increasing Online Distribution Platforms for Sports Goods
. Major Vendors, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
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.
- Growing Sports Culture among Millennials
- Growing Production and sales of sport Footwear
- Increasing Online Distribution Platforms for Sports Goods
- Emphasizing on Production of Lightweight Basketball Shoes
- High Cost Associated with Basketball Shoes
- Fluctuating Raw Material Prizes
Rising Disposable Income in Low and Middle-Income Countries and Focus On Cost Reduction through Product Innovation
The dominance of Local Players’ Product
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Basketball Shoes Study Sheds Light on
The Basketball Shoes Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Basketball Shoes industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Basketball Shoes industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.