The global pickleball shoes market is experiencing growth driven by increasing participation in pickleball sport. Pickleball shoes offer features like flexibility, excellent traction, breathability making them suitable for pickleball. Made from lightweight material with non-marking soles, pickleball shoes help players move nimbly on the court and play aggressively.
The Global Pickleball Shoes Market is estimated to be valued at US$ 510.2 Mn in 2024 and is expected to exhibit a CAGR of 9.9% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the pickleball shoes are Asics, Adidas, K-Swiss, Mizuno, New Balance, Nike, Diadora, Lotto, P Inc., Puma, Victor Sport, and Wilson. Growing participation in pickleball is fueling the demand for pickleball shoes globally. The sport offers health benefits and is easy to learn, further attracting more participants. Manufacturers are expanding their pickleball shoe lines and distribution networks globally to tap the markets in North America, Europe, Asia Pacific and rest of the world experiencing rising interest in pickleball.
The key trends observed in the global pickleball shoes market include the growing popularity of breathable and lightweight shoes made from mesh and synthetic materials, offering flexibility and durability. Pickleball Equipment Market Size is influenced by these trends. Manufacturers are focusing on R&D to develop shoes with added features like exceptional traction, stability and cushioning tailored for needs of pickleball players. Strong social media presence by key brands is also helping promote pickleball shoes and sport to wider audience.
Market key trends:
One of the key trends witnessed in the global pickleball shoes market is the use of breathable mesh and synthetic uppers which allow air flow keeping the feet cool and dry during play. Manufacturers are launching shoes with mesh and synthetic uppers coupled with non-marking rubber soles for enhanced traction on various types of pickleball court surfaces.
Porter's Analysis
Threat of new entrants: High upfront costs of Pickleball shoe manufacturing prevents new entrants.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of Pickleball shoe options from different brands.
Bargaining power of suppliers: Suppliers have moderate bargaining power as there are substitutes available for raw materials needed for Pickleball shoe manufacturing.
Threat of new substitutes:
Threat of substitutes is low as pickleball shoes are designed specifically for the sport. Pickleball Equipment Market challenges and opportunities addressing the demand for specialized footwear while exploring innovations in design and materials to enhance performance and comfort.
Competitive rivalry: Intense competition between existing Pickleball shoe brands to expand market share.
Geographical Regions
North America currently accounts for the major share of the global Pickleball shoes market in terms of value. Availability of numerous Pickleball courts and rising popularity of the sport among the American population are major factors driving the North American Pickleball shoes market.
Asia Pacific is expected to be the fastest growing regional market for Pickleball shoes over the forecast period. Increasing participation of youth in racket sports such as Pickleball and growing health awareness among the emerging middle class in countries like India and China offer immense growth opportunities in the Asia Pacific Pickleball shoes market.
Get More Insights On Pickleball Equipment Market
https://www.timessquarereporter.com/news/pickleball-shoes-market-driven-by-increasing-participation-in-pickleball-sport
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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