Skateboard shoes are types of shoes that are used by an individual for skateboards. Skateboard shoes are different as compared to normal shoes as they are not meant for walking, hiking, or running. The skate shoes are having flat, grippy, and wide soles but they aren’t built for continuous thumping, which makes them a less suitable option for walking. Skateboard shoes are divided into two categories is Cupsole Shoes which are having thick soles that are glued and sewn into shoes and other is Vulcanized Sole Shoes in which soles are thinner made up of individual components that are glued together. Factors like durability, purpose, protection provided by skateboard shoes are the major drivers of the global market. The market is further expected to grow as companies are coming up with new shoes that are light in weight, can be used for long periods of time, and handle more stress. Further, the emergence of new players in the market is also expected to drive the demand in the future. However, rapid changes in the skateboard shoes market, high costs associated with the product are expected to hamper the growth in the forecast period.
Global Skateboard Shoes Market is valued at approximately USD 1928.6 million in 2020 and is anticipated to grow with a healthy growth rate of more than 2.17% over the forecast period 2021-2027 and is estimated to reach USD 2209.6 million by 2027.
The regional analysis of the global market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising demand for shoes among its end-users in the region. Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2021-2027 due to the presence of a large number of producers and consumers across the region.
Market players included in this report are Nike, Adidas, Vans, Lining, Puma, and Xtep.
The detailed segments and sub-segment of the market are explained below:
By Product: Cupsole Shoes, Vulcanized Sole Shoes
By End User: Men, Women
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Bizwit Research & Consulting LLP