Cleats Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Cleats, also called spikes or studs, are external projections on the sole of a shoe that offer extra friction on the slippery or smooth surface. They are available in different shapes, such as cone-shaped or tapered at the end. They are made up of different materials such as plastic, metal, rubber, etc. Cleats provide additional support to the feet of a sportsperson and ensure optimum power delivery. Therefore, they help in boosting the performance of a player and enhance their efficiency. They also provide a solid grip to the players on slippery grounds, thus, offer stability while running, cycling, playing soccer, football, cricket, rugby, etc.

MARKET DYNAMICS

The rising interest of people in sports such as cricket, football, soccer, rugby, etc., is the crucial factor propelling the market growth. Moreover, youngsters and kids actively participate in the aforementioned sports due to the growing influence of famous sportspersons, thus, contributing to the product demand. Furthermore, increasing spending capacity of consumers and rapid development of organized retail across different regions are the significant factors anticipated to further propel the market growth over the forecast period.

MARKET SCOPE

The "Global Cleats Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the cleats market with detailed market segmentation by sports type and distribution channel. The global cleats market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cleats market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global cleats market is segmented into sports type and distribution channel. By sports type, the cleats market is bifurcated into cricket, soccer, rugby, football, and others. By distribution channel, the cleats market is bifurcated into supermarkets & hypermarkets, specialty stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global cleats market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The cleats market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report also includes the profiles affecting the cleats market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the cleats market in these regions.

MARKET PLAYERS

The report covers vital developments in the cleats market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the cleats market are anticipated to lucrative growth opportunities in the future with the rising demand for cleats in the global market. Below mentioned is the list of few companies engaged in the cleats market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cleats market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   NIKE, Inc.
  
•   Adidas AG
  
•   Under Armour, Inc.
  
•   Puma SE
  
•   Fila Holdings Corp.
  
•   Iconix Brand Group, Inc.
  
•   New Balance
  
•   ASICS
  
•   Reebok International Ltd.
  
•   Geox S.p.A.
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Cleats Report Scope