Global Turf Shoes Market: Industry Analysis and Forecast (2020-2026)

Global Turf Shoes Market size was valued at US$ XX Mn in 2019 and expected to reach US$ XX Mn by 2019 at a CAGR of 6% during the forecast period.

The Global Turf Shoes market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Turf Shoes report also provides trends by market segments, technology, and investment with a competitive landscape.

Global Turf Shoes Market

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Global Turf Shoes Market Overview:

Turf shoes are solely made for players playing on turf fields and incorporates players to keep their footing on the turf fields. Turf shoes usually have rubber outsoles which are extremely durable improves the traction between the shoes and field reducing the possibility of slip on the artificial turfs. Turf shoes are mostly designed to offer little stiffness on the sole of the shoe such that players can take full advantage of rubber studs situated at the bottom of the shoe.
Global Turf Shoes Market Dynamics:

An increasing number of grass-root programs for sports including Cricket, Soccer, Golf, and others, and the increasing popularity of indoor artificial turf grounds across the globe are the factors considered to drive the growth of the turf shoe market. Moreover, the increasing need for maximum responsiveness of players while playing the games on turf is the key supporting factor considered to drive the market growth. In addition, many prominent players in the market are investing in extensive research and development of turf shoes. Recently, Nike launched new Phelon 2 Hypervenom Turf shoes for soccer players across the globe. The shoes can also be used in indoor artificial turfs for basketball and cricket based on designs provided by manufacturers.

Lack of infrastructure in developing countries to compel with all kinds of sports and limited popularity of turf games in the respective regions are the factors considered to restrain the growth of the market. Moreover, the popularity of single games in most of the countries like Cricket in India, Basketball in USA, Soccer in Spain and many more have made people think of other sports as mere trends. Hence, all games cannot grow in one place. The above-mentioned factor is considered a challenge hampering the growth of the market during the forecast period.

Furthermore, extensive investment in shoe manufacturers in material innovations for rubber soles of shoes is the factor expected to create opportunities in the market during the forecast period.
Global Turf Shoes Market Segment Analysis:

Soccer Turf Shoes Segment is dominating the Turf Shoes Market:

Increasing investment of key players including Nike, Adidas, Puma, and others in the promotional strategies of soccer games and increasing penetration of soccer across the globe are the factors considered to drive the soccer turf shoes segment in the market. Furthermore, the agility traction pattern provided by Nike and Adidas in turf shoes for the game is the key supporting factor considered to drive the growth of the market. According to FIFA, turf soccer games accounted for approximately 350 million USD in the year 2019 registering a CAGR of approximately 4.2% during the forecast period.
Online Distribution Segment is posing as Fastest Growing in Turf Shoes Market:

According to Amazon, the online segment accounted for approximately 58% market share in the year 2019 owing to increasing penetration of internet across the emerging economies and growth of technologies beyond metro cities are the factors considered to drive the growth of the online segment during the forecast period. Furthermore, the popularity of turf shoes across the millennial population is the key factor driving the growth of the segment. According to Survey by Nike, sales of turf shoes rose by 40% in last 2 years registering CAGR of approximately 7%.
Developments in the Turf Shoes Market:

1. In 2016, Nike launched new Men’s Lunar Trout 2 made by polyurethane and rubber mesh to deliver extra stability and lightweightness to basketball players and offers improved range of motion.

2. In 2017, Adidas launched Men’s Turf Hog LX Mid Football Cleat made by synthetic sole specially made for football. Elastic laces and foam lining are the new developments made by the company to offer ergonomic comfort to the players.

3. In 2019, Reebok launched Bulldodge Turf Mid Lacrosse shoes. Griptonite heel coatings are the new technology used in the product and helped the company to manufacture and improve the sole quality of the turf shoes.
Impact of COVID pandemic on the Turf Shoes market:

COVID pandemic has made a relatively high impact on the market in terms of sales as more than 50% sales of units are hampered across the globe owing to health concerns in pandemic situation and stopping of sports activities and indoor games across the globe. Moreover, shutting off sports complexes and stadiums across the globe owing to social distancing norms imposed by governments is the factor restraining the growth of the market.

Furthermore, reopening of stadiums post pandemic and restoring of transportation capabilities across the globe owing to increasing manufacturing activities by key players in the market and rescheduling of shipments halted in the pandemic period towards inventories and distributaries across the globe are the factors considered to drive the growth of the market during the forecast period.
Global Turf Shoes Market Regional Insights:

North America holds the major share in the Turf Shoes market with approximately 48% market share. Increasing disposable income of consumers owing to economic growth in the region is the key factor considered to drive the market growth. Moreover, the increasing inclination of manufacturers towards research and development in turf shoes manufacturing is the key supporting factor considered to drive the growth of the market. In addition, the high number of Turf Shoes manufacturers operating in the region has boosted the growth of Turf Shoes in the North American region. The USA is considered as the largest consumer and manufacturer of Turf Shoes with approximately 60% market share along with Canada and Mexico.

APAC is expected to pose as the fastest-growing region in the Turf Shoes Market with approximately 24% market share. Increasing investment of prominent players in the market is the key factor attributing to market growth in the region. India holds a prominent share in the market as the increasing penetration of Turf Shoes products with advancements in technology in the region is gaining prominence. Moreover, rising indoor turf games popularity across the millennial population in the region is the key supporting factor driving the market growth.

Europe holds the prominent share in the market owing to increasing online distribution segment prominence across the region and increasing adoption of turf shoes by various sports clubs and sports organizations in the region.

Global Turf Shoes Market 1

The objective of the report is to present a comprehensive analysis of the Global Turf Shoes Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Turf Shoes Market dynamics, structure by analyzing the market segments and project the Global Turf Shoes Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Turf Shoes Market make the report investor’s guide.

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Global Turf Shoes Market Scope: Inquire before buying

Global Turf Shoes Market 2
Global Turf Shoes Market, by Region

• North America
o US
o Canada
o Mexico
• Europe
o U.K
o France
o Germany
o Italy
o Spain
o Sweden
o CIS Countries
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o ASEAN
o Rest of Asia Pacific
• Middle East and Africa
o South Africa
o GCC Countries
o Egypt
o Nigeria
o Rest of ME&A
• South America
o Brazil
o Argentina
o Rest of South America
Global Turf Shoes Market Key Players

• Nike, Inc.
• Adidas AG
• Reebok
• Puma
• ASICS America Corporation
• Amer Sports Corporation
• Kering S.A.
• New Balance Athletics, Inc.
• Joma
• 3N2 LLC
• Under Armor, Inc.
• Mizuno Corporation
• Diadora Sports S.R.L.
• Tanel 360
• Ringor

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