The Skating Shoes Market, as per newly released data by Future Market Insights (FMI), is estimated at USD 863 million in 2022 and is projected to reach USD 1,217 million by 2032, at a CAGR of 3.5% from 2022 to 2032.
Online retailing has been gaining momentum in recent times due to its convenience and the wide range of brands available to consumers. However, the high costs associated with the infrastructure of skating tournaments could pose a challenge to the development of the skating shoes market.
The development of the skating shoes market in North America over the forecast period would be aided by the rising popularity of roller sports such as roller derby, rink hockey, ice hockey rink, and other roller sports. During the anticipated period, the roller skates sector will significantly increase its market share in skating shoes. In the upcoming years, new roller skating activities will increase demand for roller skates and increase skating shoes sales.
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Key Takeaways from the Skating Shoes Market Study
- E-commerce is predicted to be the dominant sales channel over the projected period. As consumer preferences change, more people are choosing online retailing over traditional brick-and-mortar stores. As a result, manufacturers are increasing their market presence online. The accessibility of a broad selection of skating shoes online is one of the key factors boosting the development of the online sales channel.
- In the case of regional analysis of regions like the North America is expected to gain traction in the skating shoes
- Increased consumer spending on sportswear and rising interest in basketball among young people will help the market for skating shoes grow.
- The skating shoes market will grow as a result of market participants’ investments in a variety of marketing initiatives designed to generate demand for their goods.
“Market vendors should preserve their positions in the sluggish segments while concentrating more on the future growth in the rapidly developing segments to take advantage of the opportunities.” Says an FMI Analyst
Who is winning?
- Louis Vuitton
- Reebok
- Woodland
- CARIUMA
- Adidas Group
- Nike Inc.
- New Balance
- ASICS
- PUMA SE
- Under Armour, Inc.
- Vans
- Converse
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Skating Shoes Market by Category
By Product Type
- Roller Skating Shoes
- Ice Skating Shoes
- Skate Boarding Shoes
- Others
By Application
- Sports
- Lifestyle
- Competition
By Closure Type
- Laces
- Velcro
- Straps
- Zippers
By Consumer Orientation
- Men
- Women
By Sales Channel
- Multi-brand Stores
- Independent Small Stores
- Online Retailers
- Other Sales Channel
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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