$7,750.53 Million Badminton Shoes Market Expected by 2034 (7.1% CAGR)
$7,750.53 Million Badminton Shoes Market Expected by 2034 (7.1% CAGR)
Blog Article
According to an exhaustive report by Polaris Market Research, the global badminton shoes market is poised for significant growth over the next decade. In 2024, global sales income reached USD 3,912.58 million. Predicted to boost at a robust Compound Annual Growth Rate of 7.1%, the market is estimated to reach USD 7,750.53 million by 2034.
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The premier thing to notice about badminton shoes is their soles. The sole decides the grip strength and how durable a grip it will provide. If there is a consistent usage of wooden or rubber floored courts, a gum rubber sole is what is required. Badminton shoes have more user-friendly designs for superior traction.
To safeguard the knees, one requires a power cushion to soak up the impact. One needs to alter directions often, too, and the cushioning of the opening of the shoe will prohibit aching abrasions. There is a growing awareness about the significance of sports, particularly gear for maximal performance and injury prohibition, as more persons indulge in shuttlecock or racquet sports enjoyably and aggressively pushing the badminton shoes market demand.
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https://www.polarismarketresearch.com/industry-analysis/badminton-shoes-market/request-for-sample?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
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• Li-Ning Company Limited
• Lotto Sport Italia
• ASICS Corporation
• YONEX Co., Ltd.
• Adidas AG
• VICTOR RACKETS IND.CORP
• Mizuno USA Inc.
• Carlton
• Babolat
• Cosco
• Nivia Sports
• Puma SE
• New Balance
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• Surging Gen-Z Population: The market is burgeoning due to the growing Gen-Z population. As per the data issued by the World Economic Forum in March 2021, gen-z showcases approximately 30% of the aggregate global population boosting the demand for badminton shoes market growth.
• Growing Recreational Ventures: The surging attentiveness in recreational ventures among people globally is poised to propel the market. Badminton has become an approved enjoyable sport because of its approachability and interest, thus inspiring people's engagement.
• Escalating Urbanization: As per the data published by the UN, 55% of the globe’s population resides in urban areas and is anticipated to surge to 68% by 2050. The concentration of retail stores and e-commerce platforms in urban regions renders it simpler for people to buy sports gear, such as badminton shoes.
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https://www.polarismarketresearch.com/industry-analysis/badminton-shoes-market/request-for-discount-pricing?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
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• The badminton shoes market segmentation is based on sole, demographics, buyer type, distribution channel, and region.
• By sole analysis, the rubber sole segment held the largest market share. This is due to its superior grip and longevity, which is important for the swift and agile movements needed in badminton.
• By distribution channel analysis, the franchised sports outlet segment is poised to register a significant CAGR. This is due to its faithful brand fame, absolute commodity offerings, and higher in-store experiences.
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The research report covers all the major regions and sub-regions of the badminton shoes market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
• Asia Pacific: Asia Pacific accounted for the largest market share. This is primarily because of the extensive approval of badminton across nations such as China, India, Indonesia, and Malaysia.
• North America: North America is anticipated to witness the fastest CAGR from 2025 to 2034. The region's surging inclination toward racquet sports and the growing concentration on fitness fuels the regional market expansion.
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https://www.polarismarketresearch.com/industry-analysis/badminton-shoes-market/speak-to-analyst?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01
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What is the growth rate of the badminton shoes market?
The global market is projected to grow at a CAGR of 7.1% during the forecast period.
Which distribution channel segment is expected to grow with a notable CAGR in the badminton shoes market?
The third party online channel segment is projected for significant growth in the global market.
What are the segments covered in the market?
The segments covered in the market are sole, demographics, buyer type, and distribution channel.
What are the quantitative units covered in the market?
The quantitative units covered in the market are revenue in USD million and CAGR from 2025 to 2034.
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The global badminton shoes industry is expected to reach USD 7,750.53 million by 2034, exhibiting a CAGR of 7.1% during the forecast period.
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