Request FREE sample PDF
Pharmacy benefit management market
REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global volleyball shoes market size was USD 2233.3 million in 2022. As per our research, the market is expected to reach USD 2605.1 million in 2028, exhibiting a CAGR of 2.6% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with volleyball shoes experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Sports footwear specifically made for volleyball is known as volleyball shoes. They are made to offer the support, stability, and grip required for the swift lateral movements, hops, and abrupt changes in direction that volleyball players frequently engage in. For comfort and shock absorption, these shoes frequently have a lightweight, breathable upper and a sole pattern that provides good traction on indoor court surfaces.
On indoor court surfaces, which are often constructed of wood or a synthetic material, the sole of these shoes is engineered to provide exceptional traction. The sole pattern frequently combines herringbone, hexagonal, or circular patterns to facilitate fast changes in direction and multidirectional movement without placing undue strain on the feet. Shoes for volleyball are frequently lightweight to promote agility and quick movements on the court. They also have breathable top components, including mesh, to keep the feet dry and comfortable during strenuous play.
COVID-19 Impact: Downfall of the Market due to the Loss of Consumers
The outbreak resulted in issues like unsteady markets, a decline in consumer confidence, and challenges with transportation. The global supply chain includes raw materials, packaging, and distribution. Moving commodities, chemicals, and other things has become challenging as a result of lockdowns. Consumer markets were affected financially owing to an immediate impact on markets, supply chains, supply and demand, and all of these other things. Producers are focusing on protecting their workforce, company processes, and supply networks in order to address this pressing issue. Due to the pandemic's impact on the industry's dynamics, businesses were forced to completely restructure how they operated in order to maintain stability post-pandemic. In addition, the outbreak has a negative impact on corporate operations, which affects the entire consumer industry. The market for volleyball shoes has been somewhat impacted by this.
LATEST TRENDS
"Sustainability to Boost the Market Growth "
Sustainability has been gaining importance across various industries, including the sports and footwear sector. Sustainability in the volleyball shoe industry refers to the use of environmentally friendly practices, materials, and manufacturing techniques to reduce the negative effects of creating and using footwear on the environment. Volleyball shoes are made by brands using recycled and sustainable materials. This contains components like natural rubber, organic cotton, and recycled plastics. These products aid in lowering the use of non-renewable resources. Solvent-based adhesives are used in traditional shoe manufacturing, and these adhesives have the potential to leak hazardous substances into the environment. Many environmentally friendly volleyball shoes employ water-based adhesives that are less hazardous and have less of an influence on the environment. Thus, it is anticipated that the sustainability will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.
SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Types
Based on type, the market is classified into big box, specialty shop & e-commerce.
- By Application
Based on the market is categorized into female & male.
DRIVING FACTORS
"Athlete Endorsements that Give the Market Extra Boost"
Athlete endorsements play a significant role in the market, as they do in many other sports-related industries. It can significantly affect customer preferences and purchasing decisions when professional volleyball players promote particular brands or shoe models. Professional volleyball players are regarded as authorities in the sport, and their support of a specific shoe brand or model gives that product legitimacy and trust. Customers are more likely to believe an athlete's review if they depend on the shoes to perform well. A shoe's ability to improve performance is supported by athlete endorsements. Customers are more likely to believe that a pair of shoes can enhance performance when they observe professional athletes using them during competitions. As a result, the growth, and the increasing athlete endorsements will boost the market. It will contribute to the expansion of the consumer goods industry and it will improve the overall volleyball shoes market growth.
"Technological Progress to Encourage Market Expansion"
Technological advancements have significantly shaped the design, performance, and features of volleyball shoes. The comfort, support, and general performance of players on the court are all being improved by these advancements. These shoes' midsoles incorporate cutting-edge cushioning technologies like gel inserts, air pockets, and responsive foams. These cushioning technologies lessen the stress on joints and muscles by better absorbing shock during jumps and landings. These sneakers' uppers are made of breathable, lightweight materials like knit and synthetic mesh. While providing support, these fabrics provide better ventilation, comfort, and flexibility. Over the course of the forecast period, the aforementioned factors are anticipated to affect sales of the industry. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.
RESTRAINING FACTOR
"Costly Barriers to Impede Market Expansion"
The market is being hampered by excessive costs. These shoes' high-performance components and cutting-edge technologies may increase production costs, which can be passed on to buyers. Competitive price is crucial, but it can be difficult to strike the appropriate mix between affordability and quality. Therefore, it is projected that these factors will constrain market growth throughout the forecast period. But this problem will be rectified in some way over time. If this issue is resolved, the market will immediately begin to expand.
REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"North America to Lead the Market Owing to Rapid Urbanization"
The market for volleyball shoes in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The volleyball shoes market share is increasing due to the rising product used by female & male. Rapid urbanization trends will help the market overall even more.
KEY INDUSTRY PLAYERS
"Leading Manufacturers to Boost Product Demand"
Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.
List of Market Players Profiled
- Nike (U.S.)
- Puma (Europe)
- Adidas (Europe)
- Mizuno (Asia Pacific)
REPORT COVERAGE
The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of volleyball shoes industry. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 2233.3 Million in 2022 |
Market Size Value By |
US$ 2605.1 Million by 2028 |
Growth Rate |
CAGR of 2.6% from 2022 to 2028 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the volleyball shoes market expected to touch by 2028?
Based on our research, the volleyball shoes market is projected to touch USD 2605.1 million by 2028.
-
What CAGR is the volleyball shoes market expected to exhibit by 2028?
The volleyball shoes are expected to exhibit a CAGR of 2.6% by 2028.
-
Which are the driving factors of the volleyball shoes market?
Athlete endorsements that give the volleyball shoes market extra boost & technological progress to encourage market expansion.
-
What is the restraining factor of the volleyball shoes market?
High cost to impede volleyball shoes market expansion.