Report Overview
[170+ Pages Research Report] Badminton Shoes Market to surpass USD 7.3 billion by 2031 from USD 3.1 billion in 2021 at a CAGR of 9.1% throughout the forecast period 2021-31.
Product Overview
Badminton shoes are primarily divided into two types based on the kind of sole: rubber and non-marking. Rubber soles provide superior traction but make a trace on the floor, whereas non-marking shoes do not make an impression and so limit the amount of damage to the playing surface. Shoes with non-marking soles have been produced in tandem with technological advancements. These shoes are accessible for people of all ages and are designed with the end user in mind, whether he or she is a professional player or a recreational player. Indoor activities such as basketball, tennis, badminton, volleyball, handball, and others naturally use non-marking shoes. They have a one-of-a-kind sole made of rubber-like substance that provides greater friction and a "comfortable ride."
Market Highlights
Global Badminton Shoes market is expected to project a notable CAGR of 9.1% in 2031.
During the forecast period, 2021-2031, the worldwide badminton shoes market was valued at USD 3.1 billion in 2021 and therefore is predicted to rise at a CAGR of 9.1 % to USD 7.3 billion in 2031. Corporatization of the sport, an increase in the number of people who play badminton, and a movement in consumer preference from low-cost to branded models are all factors influencing the market. The appearance of players with a large fan base, as well as media spending, supported the acceptance of badminton shoes.
Figure - Market Analysis of Global Badminton Shoes Market
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Global Badminton Shoes: Segments
Rubber sole segment to grow with the highest CAGR during 2021-31
The global market is divided into two categories based on the type of sole: Rubber Sole & Non Marking sole. The rubber sole category is predicted to control the market and will do so for the duration of the study. This dominance is owing to the benefits it provides, such as a longer shelf life, ease of maintenance, and user friendliness. Furthermore, rubber and leather shoes allow consumers' feet to breathe, especially during indoor games, and may be worn throughout the year.
Independent Sports Outlet segment to grow with the highest CAGR during 2021-31
Independent Sports Outlet, Franchised Sports Outlet, Modern Trade Channels, and Direct to Customer Channel are the different types of sales channels in the global Badminton Shoes Market. It was a very rudimentary and effective method to advertise items for a certain sport by cooperating with well-known players in that sport. This allows customers to associate their feelings for well-known athletes with the athletic footwear brands they use. Badminton shoe makers have partnered with prominent badminton players from various nations to promote their products. With many badminton players wearing specialized shoes to play a sport, this has resulted in a considerable increase in revenue.
Figure - Market Analysis of Global Badminton Shoes Market
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Market Dynamics
Drivers
Increase demand for lightweight and well organized shoes
The phenomenal popularisation of racquet sports like badminton and tennis over the last decade has continued to fuel the badminton shoes market. Consumers, particularly professional badminton player, are always on the hunt for modern, lightweight, and well-cushioned badminton shoes that provide unrivalled flexibility. As a result, the badminton shoes market is expected to develop throughout the forecast period.
Rising accessibility to low-cost badminton clothing and accessories
A growing emphasis on high-end manufacturing technology and innovative materials is expected to result in a flood of new items with improved features. This, in turn, is projected to provide the badminton shoes market a major boost. The growing availability of low-cost badminton clothing and accessories is urging people of all income levels to invest in the sport. With customers increasingly ready to invest in better badminton accessories, the badminton shoes market is expected to grow year over year throughout the projected period.
Restraint
High cost associated with the market
Regional producers have appeared on the badminton shoe market, producing counterfeit products with well-known brand logos and selling them for lower prices. As a result, the badminton shoe business has become an unorganised landscape, with prominent players facing tough competition from regional producers and their counterfeit goods.
Professional badminton participants seek sport-specific equipment for better performance, whereas badminton fans and beginners who play for fun are less inclined to spend money on badminton-specific footwear and instead choose for general-purpose athletic shoes. This, in return, is expected to remain a significant obstacle to badminton shoe adoption.
Global Badminton Shoes: Key Players
- LI NING COMPANY LIMITED
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- LOTTO SPORT ITALIA
- ASICS CORPORATION
- YONEX CO., LTD
- ADIDAS AG
- VICTOR RACKETS IND. CORPORATION
- MIZUNO USA, INC.
- CARLTON SPORTS
- BABOLAT, COSCO (INDIA) LTD
- PUMA SE
- OTHER PROMINENT PLAYERS
Global Badminton Shoes: Regions
Based on regional analysis, the global badminton shoes market is divided into five main regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In the badminton shoes market, Asia Pacific generates the most income. The Li Ning athletic shoe manufacturer, founded in China, has increased its market by offering the most unique characteristic of ergo form combined with lightest shoes, a characteristic that provides pressure relief and balance essential for the sport.
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Global Badminton Shoes is further segmented by region into:
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, Indonesia, New Zealand, Australia and Rest of APAC
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – U.S and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, and Rest of MENA
Global Badminton Shoes report also contains analysis on:
Badminton Shoes Segments:
- By Type
- Rubber Sole
- Non-Marking Sole
- By Demographics:
- Men
- Women
- Children
- By sales channel:
- Independent Sports Store,
- Franchised Sports Store,
- Modern Trade Channels,
- Direct to Customer
- Badminton Shoes Dynamics
- Badminton Shoes Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Market Participants
- Market Value Chain
- Market Drivers and Restraints
Badminton Shoes Market Report Scope and Segmentation
Badminton Shoes Segments:
- By Type
- Rubber Sole
- Non-Marking Sole
- By Demographics:
- Men
- Women
- Children
- By sales channel:
- Independent Sports Store,
- Franchised Sports Store,
- Modern Trade Channels,
- Direct to Customer
- Badminton Shoes Dynamics
- Badminton Shoes Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Market Participants
- Market Value Chain
- Market Drivers and Restraints
Badminton Shoes Market Report Scope and Segmentation
REPORT ATTRIBUTE |
DETAILS |
|
Market size value in 2021 |
USD 3.1 billion |
|
Revenue forecast in 2031 |
USD 7.3 billion |
|
Growth Rate |
CAGR of 9.1% from 2021 to 2031 |
|
Base year for estimation |
2020 |
|
Quantitative units |
Revenue in USD billion and CAGR from 2021 to 2031 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Type, Demographics, sales channel and Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Key companies profiled |
LOTTO SPORT ITALIA, ASICS CORPORATION, YONEX CO., LTD, ADIDAS AG, VICTOR RACKETS IND. Corporation, MIZUNO USA, INC., CARLTON SPORTS, BABOLAT, COSCO (INDIA) LTD, PUMA SE AND OTHER PROMINENT PLAYERS. |
Frequently Asked Questions (FAQ):
The market for badminton shoes was valued at USD 3.1 billion in 2021 and is predicted to grow to USD 7.3 billion by 2031.
Badminton shoes are primarily classified into two groups based on the kind of sole: rubber and non-marking soles. Rubber soles provide superior traction but leave marks on the floor, whereas non-marking shoes do not make a mark and so limit the amount of damage to the playing surface.
Rubber soles and collaborations with well-known personalities accounted for the highest portion of the Badminton Shoes market.
The prominent companies in the Badminton Shoes market are LOTTO SPORT ITALIA, ASICS CORPORATION, YONEX CO., LTD, ADIDAS AG, VICTOR RACKETS IND. Corporation, MIZUNO USA, INC., CARLTON SPORTS, BABOLAT, COSCO (INDIA) LTD, PUMA SE.
Industry growth is predicted to be driven by increased demand for lightweight and well-organized shoes, as well as increased availability of cheap badminton gear and accessories.
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