Request FREE sample PDF ![PDF](https://www.businessresearchinsights.com/assets/img/popup-form/PDF.svg)
Pharmacy benefit management market
FOOTBALL BOOTS AND CLEATS MARKET REPORT OVERVIEW
global football boots and cleats market size was USD 3716.3 million in 2022 and market is projected to touch USD 5765.08 Million By 2031, exhibiting a CAGR of 5% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with football boots and cleats experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
Football boots and cleats are a portion of the footwear. The footwear is especially worn by individuals while playing football. This footwear’s designed for rough wear, and grass pitches along with it have hoops on the other layer of the grip.
Increasing popularity of football among people is anticipated to surge market growth. Growing number of football tournaments globally is projected to robust market expansion. High promotional activities by celebrities are responsible to accelerate market progress. Rapid product launches and research and development activities by prominent key players are anticipated to surge market expansion. Extensive sponsorship, marketing, development, and research are projected to drive market growth in the coming years. Increasing disposable income and growing demand for fitness are anticipated to boost market opportunity. On the contrary, the high cost of the footwear and risk of injury is predicted to limit football boots and cleats market growth.
COVID-19 Impact: Limited Championship and Sports Tournaments to Hamper Market Growth
The outbreak of COVID-19 pandemic impacted economic growth worldwide. Lockdown restrictions and curfews are responsible to hamper market growth. Multiple businesses were shut, and the closure of outdoor activities globally is predicted to restrict market expansion. Further, a limited number of championships and tournaments affected market expansion.
Post-pandemic market is expected to witness robust growth opportunities. Increasing demand for football and high demand for football fans globally is anticipated to accelerate market growth.
LATEST TRENDS
"Growing Trend for Playing Football Globally to Expand Market Growth"
Football is one of the famous outdoor games across the world. The game helps to boost metabolism and acts as a better alternative to cardio. High demand to play football and perform fitness is anticipated to surge market growth. Further, rapid demand for fun games and better alternatives to exercise classes is predicted to boost the market growth. Growing demand for football classes and high demand to focus on mental health are anticipated to fuel market progress. Football is expected to be an excellent method to channel tension and stress. Research claims that football players have lower levels of depressive and anxiety symptoms. Also, low rate of aggressive behavior. High demand for foot players’ footwear among audiences or fans is one factor in aiding market football boots and cleats expansion in the coming years.
FOOTBALL BOOTS AND CLEATS MARKET SEGMENTATION
- By Type
Based on type, the market is divided into soft ground and hard ground.
Soft ground bearing is expected to be the leading part of the segmentation type.
- By Application
Based on the application, the market is divided into online sales and offline sales.
Offline sales are expected to be the leading part of application segmentation.
DRIVING FACTORS
"Increasing Disposable Income of Population to Incite Market Expansion"
Rising disposable income globally is predicted to boost market growth. Rapid urbanization and modern technology adoption are projected to drive market growth. Revenue that is presented to households, such as income through business, self-employment, and salaries and unincorporated businesses, as well as other social benefits, income from investments, and income from pensions, are referred to as disposable income. Such extensive disposable income is estimated to expand market performance in the coming years. Further, the availability of footwear in the online and offline channels is attracting customer more. The product is available in different shapes, sizes, and colors, which is projected to robust growth opportunities for the market. The shoes are much more comfortable and ideal for playing. Such advantages are anticipated to accelerate football boots and cleats market growth in the forthcoming years.
"Growing Tournaments and Championship Games to Accelerate Market Growth"
Increasing number of tournaments for women and men is estimated to robust market growth. Growing consumer inclination to spend on expensive shoes is anticipated to fuel market progress. Rising popularity and an increasing number of participation in football are predicted to surge market progress. Increasing number of players participating in football is anticipated to accelerate market expansion. An extensive number of football fans globally is expected to rise in market growth. Further, market players are investing highly in developing new footwear. The product is comfortable and highly preferred by players. It can be worn in any climate condition, along with anti-slipping properties. Such advantages of the product are predicted to propel football boots and cleats market expansion in the coming years.
RESTRAINING FACTORS
"High Cost and Maintenance to Hamper Market Expansion"
High cost of the footwear is anticipated to hamper market growth. High maintenance costs and risk of injury are projected to limit market expansion in the forthcoming years.
FOOTBALL BOOTS AND CLEATS MARKET REGIONAL INSIGHTS
"Growing Consumer Expenditure on Football-Related Goods in Europe to Drive Market Share"
Europe is expected to account for football boots and cleats market share due to increasing consumer expenditure on football-related goods such as football jerseys and shoes. National popularity of sports is one of the factors to surge market expansion. Increasing popularity of football among people is anticipated to surge market growth. Growing number of football tournaments globally is projected to robust market expansion. High promotional activities by celebrities are responsible to accelerate market progress. Rapid product launches and research and development activities by prominent key players are anticipated to surge market expansion. Extensive sponsorship, marketing, development, and research are projected to drive football boots and cleats market growth in the coming years.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Nike (U.S.)
- Adidas (Germany)
- Under Armour (U.S.)
- Puma (Germany)
- Asics (Japan)
- Li Ning (China)
- Umbro (U.K.)
- Peak (U.K.)
- FILA (South Korea)
- Reebok (U.S.)
- New Balance (U.S.)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 3716.3 Million in 2022 |
Market Size Value By |
US$ 5765.08 Million by 2031 |
Growth Rate |
CAGR of 5% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
-
What value is the football boots and cleats market expected to touch by 2031?
The global football boots and cleats market is expected to reach USD 5765.08 Million By 2031.
-
What CAGR is the football boots and cleats market expected to exhibit by 2031?
The football boots and cleats market is expected to exhibit a CAGR of 5.0% by 2031.
-
Which are the driving factors of the football boots and cleats market?
Drivers of this football boots and cleats market are increasing disposable income of population and increasing tournaments and championship games.
-
Which are the top companies operating in the football boots and cleats market?
Nike, Adidas, Under Armour, Puma, Asics, Li Ning, Umbro, Peak, FILA, Reebok, and New Balance.