Global Table Tennis Footwear Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Table Tennis Footwear Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Table tennis shoes are designed to make movement easier. This means they are light; they have good grip and quite a thin sole to reduce the chance of customers rolling ankle as move side to side.

Market Overview:

The latest research study on the global Table Tennis Footwear market finds that the global Table Tennis Footwear market reached a value of USD 116.35 million in 2022. It’s expected that the market will achieve USD 141.5 million by 2028, exhibiting a CAGR of 3.32% during the forecast period.

Influence of COVID-19 Outbreak on Table Tennis Footwear Industry Development

Affected by COVID-19, the international table tennis footwear brand is undergoing an unprecedented test. Due to the outbreak of COVID-19, sports events and the sports market have been severely hit, which has also affected the sales of table tennis footwear products. In addition, people's reduction of going out for sports has also had a greater impact on the table tennis footwear industry.

During COVID-19, in view of strict work stoppages and import and export restrictions, sourcing raw materials for table tennis footwear has become a key challenge. Restricting the import of table tennis footwear affects downstream consumption. The main brands of table tennis footwear have been trying hard to meet the demand, which has created new players in the market, so the competitiveness will become stronger. In addition, fluctuations in raw material prices are expected to curb the demand for table tennis footwear products to a certain extent.

Affected by COVID-19, antibacterial protective fabrics have been robbed by major medical manufacturers. Single products with protective functions will become a hot spot for everyone's attention. The innovative fabrics of table tennis footwear are more protective and functional, including dryness, waterproofing and antibacterial. Let mankind better deal with various changes in life and create all-day wearable items. In 2021, human beings will pay more attention to improving the self-immune system through various exercise methods, and protective fabrics can be used for table tennis footwear.

Limitations

For the table tennis footwear market, the results of future industry competition will inevitably follow the Matthew effect, that is, the situation of the strong gets stronger, the weak gets weaker. With the continuous changes in the market demand of the table tennis footwear industry and the continuous upgrading of the consumer market, consumers will pay more attention to technological and functional products.

Those international brands will rely on their own advantages to obtain a large number of basic consumer groups. The development trend of table tennis footwear industry pointed out that for those second- and third-tier brands, they will face pressure from international brands, and their survival pressure will increase.

Under normal circumstances, table tennis footwear companies have stores in various places. This will undoubtedly increase a large number of initial investment costs for new enterprises. Unlike other small shops, the sunk cost of the table tennis footwear industry is relatively large. In the early days, table tennis footwear companies generally have difficulty enjoying the economies of scale. Compared with the existing enterprises in the industry, the production cost is inevitably higher. This factor limits the development of the table tennis footwear market.

Region Overview:

From 2023-2028, Japan is estimated to witness robust growth prospects.

Company Overview:

Mizuno Corporation is one of the major players operating in the Table Tennis Footwear market, holding a share of 22.19% in 2021.

Mizuno Corporation manufactures and sells sporting goods including gear, clothing, and footwear. The Company has brand recognition, specializing in baseball, ski, tennis, and golf gear. Mizuno also constructs sport facilities such as track field, tennis court, and golf practice field.

Asics is a Japanese manufacturer and distributor of sporting goods. The company organizes itself across three business domains: athletic sports, sports lifestyle, and health/comfort. Athletic sports provide equipment for running, Asics’ core business; training; tennis; and rugby. Sports lifestyle includes fashion and lifestyle apparel and footwear. Health/comfort includes casual leather shoes, safety shoes, and nursing care facilities.

Segmentation Overview:

Among different product types, Men's Shoes segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Offline Sales segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Table Tennis Footwear market covered in Chapter 3:

Decathlon
Asics
STIGA
Adidas
LI-NING
Mizuno Corporation
Butterfly
JOOLA

In Chapter 4 and Chapter 14.2, on the basis of types, the Table Tennis Footwear market from 2018 to 2029 is primarily split into:

Men's Shoes
Woman's Shoes

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Table Tennis Footwear market from 2018 to 2029 covers:

Online Sales
Offline Sales

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)