As per newly released data by Future Market Insights (FMI), the Tennis Shoes Market is estimated at USD 157.4 million in 2022 and is projected to reach USD 244.5 million by 2032, at a CAGR of ~4.5% from 2022 to 2032.

Tennis is gaining traction as a form of sports in every generation, as a result, there is a rise in the demand for tennis shoes globally. Top companies manufacturing the tennis shoes are coming up with state of the art technology to implement the experience and functionality for tennis professionals. Hard court tennis shoes will have a large amount of buyers as there more number of hard courts available in comparison to grass and clay courts.

Moreover, the key players are adopting marketing strategies in a view to collaborate with tennis players and celebrities to enhance their reach in the market and to increase the acceptability of their brand among consumers. The rise in number of novel designs and patterns which fulfils the demand for tennis shoes enthusiasts worldwide will facilitate the development of tennis shoes market globally.

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 “The competitors in the global tennis shoes market have used various development strategies to improve their tennis shoes market share, capitalise on market opportunities, and boost profitability, which will continue to benefit the market.” Says an FMI Analyst.

Impact of COVID-19 on the Market

In the current circumstances, the immunisation campaign and the decrease in COVID-19 cases worldwide have helped to normalise the situation. Governments have lifted the blockade, easing the supply chain's issues. Tennis shoe market demand is reaching new heights as customers adopt tennis as a regular workout regimen to maintain their health, and tennis shoe producers are expected to recover their losses in the next 1-2 years as demand for tennis shoes grows. To deal with the aftermath of the COVID-19 pandemic, consumers are keen to explore new tennis shoe products and maintain a healthy lifestyle.

Who is winning?

Leading players operating in the Tennis Shoes market Adidas Group, Nike Inc., New Balance, ASICS, PUMA SE, Under Armour, Inc., Li Ning Company Ltd., ECCO, China Dongxiang (Group) Co., Ltd., 361 Degrees International Limited, Vans, and Converse among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the tennis shoes market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on Tennis Shoes Market By Playing Surface (Clay Court, Hard Court, Grass Court) By Application (Sports, Lifestyle, Competition) By Consumer Orientation (Men, Women) By Sales Channel (Hypermarket/Supermarket, Wholesalers/Distributors, Specialty Stores, Multi-brand Stores, Independent Small Stores, Online Retailers, Other Sales Channel) & Region - Forecast to 2022-2032.

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