Global Basketball Shoes Market is Anticipated to Reach a Value of about US$ 5Bn by 2022 – Fact.MR Report

FACT.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. This particular research report titled “Basketball Shoes Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been added to the wide online database of FACT.MR which discusses the present as well as the future market scenario. Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global basketball shoe market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the period until 2022. According to Fact.MR’s research report on the global basketball shoes market, the market is anticipated to reach a value of about US$ 5Bn by 2022 reflecting a sluggish CAGR during the forecasted period of 2017-2022.

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North America at the Zenith of the Global Market

North America region is expected to show higher market attractiveness index and is considered to be the most lucrative market. This region is expected to dominate the global basketball shoes market in terms of revenue share and growing at a comparatively higher growth rate than other regions. Europe is expected to show similar growth rate during the period of forecast, yet has a lower market share by revenue as compared to North America. The main cause rise in this market is attributed towards the increasing disposable income and more riches opting for basketball as a recreational sport and also intend to take care of their foot health and especially protect their ankles, thereby contributing to the fast growth rate of basketball shoes in the North America region. Asia-Pacific excluding Japan (APEJ) region shoes sluggish growth rate and a slower one as compared to these two regions throughout the forecast period.

High Tops Top the List

High tops segment by shoes type is anticipated to show a higher growth rate as compared to other segments along with a higher market share by revenue thereby showing dominance during the period of forecast. The high tops segment is expected to grow at a CAGR of 2.8% during the forecast period of 2017 to 2022 and also is expected to gain a higher BPS by the end of 2022. The medium tops segment is also gaining speed slowly, and seconds the high tops segment. High tops segment growth can be attributed towards the conventional design and ankle protection feature of high top shoes that low tops segment does not show. Moreover, the high top shoes are less costly and more robust.