Skating Shoes Market

Skating Shoes Market Outlook (2022 to 2032)

As per newly released data by Future Market Insights (FMI), the Skating Shoes Market is estimated at USD 863 million in 2022 and is projected to reach USD 1,217 million by 2032, at a CAGR of 3.5% from 2022 to 2032.

Attribute	Details
Estimated Skating Shoes Market Size 2022	USD 863 Million
Projected Skating Shoes Market (2032) Market Size	USD 1,217 Million
Value CAGR (2022 to 2032)	3.5%

Key Points Covered in Skating Shoes Market Survey

• Market estimates and forecast 2017 to 2032
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on the Sneakers Market and How to Navigate
• Recommendation on Key Winning Strategies

2017 to 2021 Skating Shoes Market Outlook Compared to 2022 to 2032 Forecast

Skating shoes come in several designs and types according to the application of the shoes. The skating shoes can be categorized into different segments based on their purposes such as ice skating or skateboarding. People around the world are getting more conscious about their health and fitness post-pandemic and skating is considered a good exercise for the heart. While the tournaments related to different types of skating are rising, too, which proves to be beneficial for the skating shoes market.

Moreover, online retailing is gaining traction in recent times as it provides convenience and consumers get to choose from a wide range of brands. While the cost associated with the infrastructure of the skating tournaments is quite expensive which can act as a challenge in the development of the skating shoes market.

Additionally, the risk of injuries is another concern that prevents people from practicing skating to a larger extent which hampers the potential of reach for the manufacturing companies. However, the skating shoes market is anticipated to grow at a decent rate in the forecast period.

How are sneaker brands extending their reach in market?

To honor skate culture in Los Angeles, Golden Goose takes over the Pink Motel. Golden Goose, a brand well known for aesthetic skating sneakers, arrived in Los Angeles, California. The mid-century, middle-American-style motel was built in 1946 on San Fernando Road, which played a crucial role in the post-World War II growth of the San Fernando Valley.

A number of celebrities attended the Italian label's Golden Spirit dinner, party, and skate performance, which it held at the Pink Motel in Sun Valley. Additionally, it is a skate park that has hosted events for Thrasher magazine, Red Bull, and most recently Golden Goose, which wanted to link its own roots in skate culture to Southern California, the region that started it all.

How consumer’s rising interest in ice skating uplifting the market?

Winter wear sports have gone through substantial alterations recently. In the upcoming years, it is anticipated that the creation of modern ice skating rinks that are waterless would further boost the reach of ice skating. These innovations significantly lower the overall cost of rink maintenance. Ice skating shoe sales and demand are likely to rise, and hockey skating shoes usage is anticipated to rise as well.

Ice skating has given rise to a variety of sporting disciplines, including hockey skating and figure skating. Due to the unique experiences and satisfaction these sports provide, amateur engagement in them as a recreational activity has expanded. People are also choosing to pursue ice skating as a job at the same time. The expansion of theme parks tourism and amusement parks, where ice skating rinks and other amenities are located remains a key tourist draw which is the result of governments in various nations investing heavily to improve their tourism sectors.

Country-wise Insights

How are the Brazilian skating shoe manufacturers gaining popularity?

Brazilian brand made a spectacular debut in the Tokyo Olympics of 2022

Brazilian eco-friendly shoe company Cariuma has gained enormous attention for bringing a new sense of ethics to the sneaker business. The distinction offered by Cariuma's sneakers is shown in both the materials and the factories employed in their production. To ensure that the trees aren't harmed during harvest, the rubber utilized in the outsoles is ethically tapped. To ensure comfort and the elimination of hazardous foams from the environment, the inner soles are composed of environmentally friendly cork. Organic cotton that has been produced ethically serves as the canvas for the uppers. On the shoe, not a single fabric has gone unconsidered at any point.

The skate competitions at the Tokyo 2020 Olympics were a dramatic upswing from the dressage competitions, and they cemented their status as the most fashionable Olympics to date. A veritable parade of expensive skate sneakers passed by. Whereas the unique brand quickly became well-known because of its blend of vintage appeal and environmental commitment.

How is the Skating Shoes Market striving in Canada?

Top players are collaborating with regional companies to enhance their portfolio

For their upcoming Dime x Reebok BB4000, Montreal-based Dime and Reebok have teamed up yet again. This follows their December collaboration on Kamikaze II Low for fall '20. The Dime x Reebok BB4000 style for spring '21 features skate and Skating sneakers that are presented in two distinct iterations of the low-cut court model.

A brand with a skateboarding pedigree like Dime would benefit greatly from borrowing from Reebok's athletic heritage and timeless styles. The BB4000's beautiful design makes it a good candidate for practical skateboarding sneakers. The bundle features elegant BB4000 executions in clean white/navy and calm brown/black for people who value finer things. These materializations, which pay homage to both Reebok's conventional leather uppers and a skate-functional suede, strengthen and enhance the alliance. Before being released worldwide on February 12 by Reebok.com and a few select shops in 2021, shoes were made exclusively available from Dime beginning on February 6.

What is the scope of the Skating Shoes Market in India?

Iconic players in the country are taking steps to uplift the skating shoes market

According to the company's managing director, the footwear and performance apparel brand Woodland anticipate revenues of roughly Rs 1,200 crore for 2022 returning to the levels seen before the Covid crisis.

A Skating Monk, a high-end streetwear brand that targets a specific young customer demographic with its assortment of footwear, apparel, and accessories, has been launched by the corporation. Currently, its line is offered in a pop-up style at a few Woodland shops and streetwear brand stores, but it also intends to open 8 to 9 flagship stores in the future, which will serve as an experiential hub for customers to learn about the brand.

Category-wise Insights

Which type of skating shoes will contribute a major share of the market?

Roller skating shoes will contribute a major share of the market

During the anticipated period, the roller skating sector will significantly increase its market share in skating shoes. Cities in nations like the USA are creating their own distinctive skate-dancing cultures. As an illustration, seasoned Chicago skaters who go by the label JB skaters were inspired by remixed James Brown tunes. In the upcoming years, the popularity of these new skating activities will increase the demand for skating shoes.

Which closure type is mainly preferred by the consumers?

Lace-up skating shoes are mainly preferred by consumers

Skateboarders mainly prefer the lace-up closure type of shoes. Fashion is considered to be one of the prominent parts of skating and lace-up shoes are trending throughout the world in terms of styling. While the consumer's preference also depends on the skateboarding activity. For instance, roller skating shoes are expected to have a proper fit and hence are preferred with straps. However, skating shoes with lace-up types of closure are anticipated to have greater demand in the forecast period.

Which sales channel is expected to gain traction in the forecast period?

Online sales channels will continue to gain traction in the forecast period

The utilization of e-commerce platforms has gained tremendous popularity in recent times as consumers get to choose from a wide range of skating shoes depending on the type of skating activity they are involved in. Additionally, skating enthusiasts are very keen on owning the latest pair of skating sneakers which are made available by the manufacturers through online stores on their official websites.

Competitive Landscape

In order to establish a presence in the face of increasing product demand, major skating shoe manufacturers are aggressively expanding their production capacity and manufacturing locations. Key players are engaged in a variety of activities, including material optimization, product development, and manufacturing technological automation. In order to strengthen its presence in potential new geographic clusters, more focus has been placed on corporate expansion through the creation of additional sales offices and distribution centers.

For instance:

With the release of its new skate shoe, A View, associated with the Pre-Spring '21 Men's collection, Louis Vuitton is venturing into uncharted terrain. A View, which was created through a partnership with professional skateboarder Lucien Clarke, is sincere and evocative of streetwear.

Scope of Report

Attribute	Details
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2021
Market Analysis	USD Million for Value
Key Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania & Middle East and Africa(MEA)
Key Countries Covered	USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, South Africa, Northern Africa GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand.
Key Segments Covered	Product Type, Application, Closure Type, Consumer Orientation, Sales Channel, and Region.
Key Companies Profiled	Louis Vuitton; Reebok; Woodland; CARIUMA; Adidas Group; Nike Inc.; New Balance; ASICS; PUMA SE; Under Armour, Inc.; Vans; Converse
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Skating Shoes Market by Category

By Product Type, Skating Shoes Market is segmented as:

• Roller Skating Shoes
• Ice Skating Shoes
• Skate Boarding Shoes
• Others

By Application, Skating Shoes Market is segmented as:

• Sports
• Lifestyle
• Competition

By Closure Type, Skating Shoes Market is segmented as:

• Laces
• Velcro
• Straps
• Zippers

By Consumer Orientation, Skating Shoes Market is segmented as:

• Men
• Women

By Sales Channel, Skating Shoes Market is segmented as:

• Multi-brand Stores
• Independent Small Stores
• Online Retailers
• Other Sales Channel

By Region, Skating Shoes Market is segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa(MEA)

Frequently Asked Questions

How big was the Skating Shoes Market in 2022?

The market valued at USD 863 million in 2022.

Who are the Key Skating Shoes Market Players?

Louis Vuitton, Reebok, and Woodland are key market players of skating shoes market.

Which is the Key Segment by Product Type?

Roller skating is likely to remain preferred through 2032.

What is driving the adoption of Skating Shoes globally?

eCommerce and online retail have necessitated the sales of skating shoes.

Which are the Key Countries in the Skating Shoes Market?

Brazil, Canada and India dominate the skating shoes market.