Fact has released a new report. The global Synthetic Football Shoes market is expected to grow slowly throughout the forecast period, according to MR (2017-2022). By the end of 2022, the global football shoe market will have generated around US$ 19,000 million in revenue.
Currently, leather or synthetic materials are used to make Synthetic Football Shoes. Despite the fact that these materials have a number of advantages, players have had a number of issues with Synthetic Football Shoes made from these materials. Leather Synthetic Football Shoes’ elasticity has benefited a variety of athletes by adapting to their foot sizes and precisely fitting them. However, the same feature of leather can occasionally result in plastic deformation, necessitating shoe replacement.
Third Party Online – Fastest Expanding Distribution Channel for Synthetic Football Shoes
By the end of 2022, the global football shoe market’s third-party online sales channel will have generated over US$ 4,000 million in revenue. This sales channel sector is expected to maintain its market dominance, with sales growing at the quickest rate through 2022. Over the projection period, the individual segment is estimated to account for over two-thirds of the market’s revenue.
PUMA SE, Adidas AG, Pantofola d’Oro SpA, ASICS Corporation, Diadora Sports S.r.l, Select Sport A/S, Mizuno Corporation, Joma Sport SA, NIKE, Inc., and Under Armour, Inc. are among the key industry participants highlighted in Fact.analysis. MR’s
Europe to Remain Most Attractive Market for Synthetic Football Shoes
In terms of income, Europe will continue to be the most appealing market for Synthetic Football Shoes. By the end of 2022, revenues from football shoe sales in Europe are predicted to top US$ 8,000 million. The second largest market for Synthetic Football Shoes is expected to be Asia-Pacific excluding Japan (APEJ).
Synthetic and synthetic leather are projected to stay popular among football players around the world, based on material type. Between 2017 and 2022, revenues from these two material type segments are estimated to account for more than half of the market. Firm ground Synthetic Football Shoes will continue to be chosen by players, followed by hard ground shoes. Sales of firm ground Synthetic Football Shoes will account for more than a third of the market’s revenue.