PUBLISHER: The Business Research Company | PRODUCT CODE: 1572614
PUBLISHER: The Business Research Company | PRODUCT CODE: 1572614
Skating shoes, also known as skates, are specialized footwear crafted for different types of skating activities, such as ice skating, roller skating, and inline skating. These shoes are designed to offer support, comfort, and agility tailored to each specific skating discipline.
The primary categories of skating shoes include roller skating shoes, ice skating shoes, skateboarding shoes, and other variations. Roller skating shoes are specifically designed for roller skating, featuring wheels and a durable frame to ensure stability and support during use. These shoes can have closures such as laces, Velcro, straps, or zippers. They cater to a diverse range of consumers, including men and women, and are used for various purposes such as sports, recreational activities, and competitive events. They are available through various distribution channels, including multi-brand stores, independent shops, online retailers, and more.
The skating shoes market research report is one of a series of new reports from The Business Research Company that provides skating shoes market statistics, including the skating shoes industry's global market size, regional shares, competitors with a skating shoes market share, detailed skating shoes market segments, market trends and opportunities, and any further data you may need to thrive in the skating shoes industry. This skating shoes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The skating shoes market size has grown steadily in recent years. It will grow from $0.86 billion in 2023 to $0.90 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The expansion during the historic period can be linked to increasing celebrity endorsements, partnerships with fashion brands, a rise in competitive skating events, the growing influence of social media and influencers, and the proliferation of skate parks.
The skating shoes market size is expected to see steady growth in the next few years. It will grow to $1.08 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The anticipated growth in the forecast period is driven by the rise of urban sports, heightened health and fitness awareness, the expansion of e-commerce, growing demand for product customization, and the increasing popularity of skateboarding. Key trends for the forecast period include the integration of technology, improvements in the manufacturing process, use of new materials, innovations in footwear design, and the development of smart skating shoes.
The increasing popularity of skating sports is anticipated to drive the growth of the skating shoes market. Skating sports include activities such as skateboarding, rollerblading, and ice skating, and their growing appeal is attributed to factors such as accessibility, cultural impact, and the development of skatepark infrastructure. Skating shoes offer essential features such as grip, durability, and impact protection, crucial for safety and maneuverability. For example, the Australian Sports Commission reported in September 2021 that around 282,000 Australians aged 15 and older participated in roller sports during the 2020-21 period, which includes skateboarding and rollerblading. This rise in participation is fueling the expansion of the skating shoes market.
Key players in the skating shoes market are concentrating on creating innovative products to boost performance and address changing consumer needs. Mesh-material shoes, known for their lightweight and breathable properties, are an example of this innovation, providing better ventilation and comfort. In April 2024, Nike Inc., a US-based footwear brand, introduced the Day One skate shoe designed for children. This shoe features reduced weight by removing excess foam, incorporates suede overlays and mesh panels for durability and breathability, and includes a visible Zoom Air unit in the heel for improved cushioning during high-impact activities.
In May 2024, Nidecker Group, a Swiss snowboarding company, acquired the Etnies, eS, Emerica, and ThirtyTwo brands from Sole Technology for an undisclosed sum. This acquisition enhances Nidecker Group's market presence, solidifies its position in the action sports sector, and enables it to advance the Sole Technology brands, diversify its product range, and boost its competitive edge. Sole Technology Inc., based in the US, specializes in skate shoes and apparel.
Major companies operating in the skating shoes market are Louis Vuitton, Nike Inc., Adidas Group, PUMA SE, Under Armour Inc., ASICS Corporation, Reebok International Ltd., New Balance Athletics Inc., Converse Inc., K2 Sports LLC, Vans, Woodland, Cariuma, Rollerblade, Roller Derby Skate Corporation, Mesuca Sports Guangdong, Sure-Grip International, Cougar Shoes Inc., Skorpion Sports Ltd., Riedell, Roces S.r.l., Powerslide Sportartikelvertriebs GmbH
North America was the largest region in the skating shoes market in 2023. The regions covered in the skating shoes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the skating shoes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The skating shoes market consists of sales of inline skates, roller skates, ice skates, and skateboarding shoes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Skating Shoes Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on skating shoes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for skating shoes ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The skating shoes market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.