The tennis shoes market was valued at $2,539.8 million in 2021 and is estimated to reach $3,643.2 million by 2031, registering a CAGR of 3.3% from 2022 to 2031. Tennis shoes are specially designed shoes made of materials such as ethyl vinyl acetate (EVA) and polyurethane used for playing tennis. Tennis courts have various playing surfaces such as hard courts, clay courts, and grass courts. Hence, depending on tennis courts, different types of tennis shoes are manufactured by vendors such as hard court tennis shoes and grass court tennis shoes. Tennis shoes are designed in such a way that they facilitate quick side-wise movement and forward & backward movement and allow players to quickly respond while playing tennis.
Growth in popularity and increase in participation of kids and geriatric population in tennis is a key driver for the global tennis shoes market. Playing tennis has a very low impact on joints and muscles, which makes it popular among geriatrics. Tennis also provides many health benefits, which is an important concern for many in the present time. Various health benefits associated with tennis are improved aerobic fitness, muscular fitness, anaerobic endurance, and flexibility. Tennis also helps in developing cognitive abilities such as attentional focus, eye-hand coordination, and anticipation. These benefits encourage parents to make their children participate in tennis. Schools and colleges also promote playing tennis by organizing tennis tournaments. This encourages and boosts tennis participation among kids. These factors are responsible for the growth of the global tennis shoes market. Large population size, coupled with rising disposable income is among the major factors that boost demand for high-end tennis footwear in developing markets. An increase in sales through online channels, innovative product launches, attractive marketing, and promotional strategies are other factors that propel the overall growth of the tennis shoes market.
Increasing environmental concerns and rising prices of raw materials are the major challenges for players operating in the market. However, the market is anticipated to unfold attractive business opportunities, owing to changing consumer lifestyles and increasing penetration of online retailing.
Consumers are becoming more health conscious due to work-related stress and lifestyle disorders. Thus, an increase in the number of health-conscious consumers has created a strong demand for athletic sportswear and footwear, which, in turn, augments the growth of the overall market. Moreover, the rise in the trend of fashionable sports apparel propels the growth of the tennis shoes market. Furthermore, continuous innovations in sportswear and footwear notably contribute to the growth of the market. For instance, Adidas launched electronic-enabled shoes (smart shoe) that exhibit shock-absorbing features depending on body weight, running style, speed, and running surface.
However, an increase in the inclination of kids toward indoor leisure activities is expected to hamper the growth of the market during the forecast period. On the contrary, an increase in participation of women in sports is anticipated to offer remunerative opportunities for the expansion of the tennis shoes market in the future. The tennis shoes market is segmented based on playing surface, user, distribution channel, and region. On the basis of playing surface, the tennis shoes market is divided into hard court tennis shoes, clay court tennis shoes, and grass court tennis shoes. On the basis of user, it is segregated into men, women, and kids. On the basis of distribution channel, it is segregated into supermarkets/hypermarkets, specialty stores, e-commerce, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Russia, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, and rest of LAMEA).
The players operating in the global tennis shoes market have adopted various developmental strategies to expand their market share, exploit the tennis shoes market opportunities, and increase profitability in the market. The key players profiled in this report include ADIDAS Group, Anta Sports Products Limited, ASICS Corporation, Babolat, FILA Holdings Corp., Lotto Sport Italia S.p.A., New Balance, Inc., Nike, Inc., PUMA SE, and Xtep International Holdings Limited.
Growth in popularity and increase in participation of kids and geriatric population in tennis is a key driver for the global tennis shoes market. Playing tennis has a very low impact on joints and muscles, which makes it popular among geriatrics. Tennis also provides many health benefits, which is an important concern for many in the present time. Various health benefits associated with tennis are improved aerobic fitness, muscular fitness, anaerobic endurance, and flexibility. Tennis also helps in developing cognitive abilities such as attentional focus, eye-hand coordination, and anticipation. These benefits encourage parents to make their children participate in tennis. Schools and colleges also promote playing tennis by organizing tennis tournaments. This encourages and boosts tennis participation among kids. These factors are responsible for the growth of the global tennis shoes market. Large population size, coupled with rising disposable income is among the major factors that boost demand for high-end tennis footwear in developing markets. An increase in sales through online channels, innovative product launches, attractive marketing, and promotional strategies are other factors that propel the overall growth of the tennis shoes market.
Increasing environmental concerns and rising prices of raw materials are the major challenges for players operating in the market. However, the market is anticipated to unfold attractive business opportunities, owing to changing consumer lifestyles and increasing penetration of online retailing.
Consumers are becoming more health conscious due to work-related stress and lifestyle disorders. Thus, an increase in the number of health-conscious consumers has created a strong demand for athletic sportswear and footwear, which, in turn, augments the growth of the overall market. Moreover, the rise in the trend of fashionable sports apparel propels the growth of the tennis shoes market. Furthermore, continuous innovations in sportswear and footwear notably contribute to the growth of the market. For instance, Adidas launched electronic-enabled shoes (smart shoe) that exhibit shock-absorbing features depending on body weight, running style, speed, and running surface.
However, an increase in the inclination of kids toward indoor leisure activities is expected to hamper the growth of the market during the forecast period. On the contrary, an increase in participation of women in sports is anticipated to offer remunerative opportunities for the expansion of the tennis shoes market in the future. The tennis shoes market is segmented based on playing surface, user, distribution channel, and region. On the basis of playing surface, the tennis shoes market is divided into hard court tennis shoes, clay court tennis shoes, and grass court tennis shoes. On the basis of user, it is segregated into men, women, and kids. On the basis of distribution channel, it is segregated into supermarkets/hypermarkets, specialty stores, e-commerce, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Russia, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, and rest of LAMEA).
The players operating in the global tennis shoes market have adopted various developmental strategies to expand their market share, exploit the tennis shoes market opportunities, and increase profitability in the market. The key players profiled in this report include ADIDAS Group, Anta Sports Products Limited, ASICS Corporation, Babolat, FILA Holdings Corp., Lotto Sport Italia S.p.A., New Balance, Inc., Nike, Inc., PUMA SE, and Xtep International Holdings Limited.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tennis shoes market analysis from 2021 to 2031 to identify the prevailing tennis shoes market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the tennis shoes market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global tennis shoes market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Playing surface
- Clay court tennis shoes
- Hard court tennis shoes
- Grass court tennis shoes
By User
- Men
- Women
- Kids
By Distribution Channel
- Supermarkets/hypermarkets
- Specialty stores
- E-commerce
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Russia
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Rest of LAMEA
Key Market Players
- Adidas group
- ANTA SPORTS PRODUCTS LIMITED
- ASICS Corporation
- Babolat
- FILA Holdings Corp
- Lotto Sport Italia Spa
- New Balance, Inc.
- Nike, Inc.
- PUMA SE
- XTEP International Holdings Limited
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: TENNIS SHOES MARKET, BY PLAYING SURFACE
CHAPTER 5: TENNIS SHOES MARKET, BY USER
CHAPTER 6: TENNIS SHOES MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: TENNIS SHOES MARKET, BY REGION
CHAPTER 8: COMPETITION LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, “Tennis Shoes Market," the tennis shoes market size was valued at $2.5 billion in 2021, and is estimated to reach $3.6 billion by 2031, growing at a CAGR of 3.3% from 2022 to 2031.Tennis shoes are a type of athletic footwear used especially for playing tennis. It is different from other footwear as the design and qualities needed in a tennis shoe are different from other athletic shoes. Moreover, tennis shoes feature more strength and durability so that it allows players to quick side-wise, forward, and backward movement while playing tennis. Tennis is gaining popularity across the globe due to events such as Grand Slams and the French Open. Moreover, the growth in the fan base of famous tennis players such as Pete Sampras, Bianca Andreescu, and Rafael Osuna propels the tennis participation rate globally and consequently fuels the demand for tennis shoes.
The increase in women's participation is rapidly growing in tennis as women and men enjoy fairly equal parity in tennis which has made tennis popular among women. According to the International Tennis Federation (ITF), the women population constituted around 47% of the total tennis playing population across the globe in 2019. Therefore, the surge in popularity of tennis is encouraging people, especially women to increasingly participate in tennis. This factor is ultimately increasing the demand for tennis shoes among the global tennis playing population.
The availability of fake and low-priced products restricts the growth of the market. Sportswear and footwear by renowned brands have a high price range, which is not affordable by lower income groups. Hence, local suppliers design the same style of products at comparatively lower costs. Such products are of low quality and hamper the brand image of forerunners in the market, thereby limiting sales of original products.
The availability of counterfeit or low-quality tennis footwear restricts sales of branded products, thus threatening the tennis shoes market growth. The changes in paradigm of the educational system supports the growth of the sports industry and industries dependent on it. In addition, the rise in sports education and sports training in academics has significantly increased awareness of sports and fitness. Thus, many schools/educational institutes offer training to students, providing them an opportunity to compete in various sports competitions such as tennis.
In addition, a hectic lifestyle, coupled with rise in instances of consumers choosing outdoor activities such as adventure sports to unwind or break the monotony of their daily life aids in the growth of the tennis shoes market. Furthermore, initiatives taken by various governments in countries such as India and Australia to promote sports, health, and fitness have led to an increased consciousness about sports and sports-related products such as sports shoes & others, which, in turn, drives the growth of the tennis shoes market size.
The tennis shoes market is segmented on the basis of playing surface, user, distribution channel, and region. On the basis of playing surface, it is segmented into hard court tennis shoes, clay court tennis shoes, and grass court tennis shoes. On the basis of user, it is segregated into men, women, and kids. On the basis of distribution channel, it is classified into supermarkets/hypermarkets, specialty stores, e-commerce, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Russia, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, and rest of LAMEA).
The players operating in the global tennis shoes market have adopted various developmental strategies to expand their tennis shoes market share, exploit the tennis shoes market opportunity, and increase profitability in the market. The key players profiled in this report include ADIDAS Group, Anta Sports Products Limited, ASICS Corporation, Babolat, FILA Holdings Corp., Lotto Sport Italia S.p.A., New Balance, Inc., Nike, Inc., PUMA SE, and Xtep International Holdings Limited.
Key Findings of the Study
- According to the tennis shoes market analysis, on the basis of playing surface, the hard court tennis shoes segment is projected to witness the highest CAGR of 3.8%, in terms of revenue, during the tennis shoes market forecast period.
- According to the tennis shoes market trends, on the basis of user, the men segment is expected to dominate the tennis shoes industry from 2022 to 2031.
- On the basis of distribution channel, the e-commerce segment is expected to grow at a significant CAGR during the forecast period.
- According to the tennis shoes market demand, on the basis of country in North America, U.S. was the largest market for tennis shoes in 2021, in terms of revenue generation.
- On the basis of region, Asia-Pacific is anticipated to witness highest growth rate in the tennis shoes industry, registering a CAGR of 4.5% from 2022 to 2031.
Companies Mentioned
- Adidas group
- ANTA SPORTS PRODUCTS LIMITED
- ASICS Corporation
- Babolat
- FILA Holdings Corp
- Lotto Sport Italia Spa
- New Balance, Inc.
- Nike, Inc.
- PUMA SE
- XTEP International Holdings Limited
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 265 |
| Published | September 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 2539.8 million |
| Forecasted Market Value ( USD | $ 3643.2 million |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
