Sports Insoles Market is Expected to Reach $380.77 mn by 2026
The Sports Insoles Market was valued at US$181.76 million in the year 2018 and is estimated to reach US$380.77 million by 2026, at a CAGR of 9.39%.
Sports insoles are specially designed to enhance comfort for athletes and sportsperson. Sports insoles minimize pain, increase performance, prevent injury, support the arch, improves posture and balance with neutral alignment. Sports insoles are customized by perfect distribution of the pressure zones, propulsion layer cushioning for easy toe movements and extra comfort, shock absorption system to reduce the risk of injury, stabilizing the rear and mid foot to optimize pronation/supination throughout the foot's movement and maintenance of multidirectional motions. Manufacturing of sports insoles is associated with advanced technologies, 3D printing. Recent advancements included customization of insoles with foot print, sensory balance & control options and environment friendly products.
Increasing focus on participation in sports across geographies and injury prevention and injury management, more investment by government on sports and increase in franchise-based sports events are expected to drive the market growth throughout the forecast period. However, challenges such as diagnosis of the scenario for which the insoles are required, lack of expertise for understanding the customer’s requirements, largely unaddressed population in emerging markets and designing flaws that largely affects the output should be addressed for further growth among the geographies wherein more focus on the emerging markets should also be taken care.
North American region dominated the market share with more than 55% of the contribution towards the revenue growth with US alone contributing more than 50% of the global market share. This can be attributed to Presence of major market players & advancements and more participation is always expected in the region with involvement from the young age itself. The European region contributes more than 25% of the market share. However, Asia Pacific & LAMEA region together contributes less than 10% of the global market share. But with more focus on sports in the Asia Pacific region, especially China and India are the major hotspots owing to govt. policies, increasing focus on sports, plans for reducing the injury and better injury management. Sports insoles dominated the market with more than 45%, followed by skiing and running segments that contributes together for more than 75%. The sports segment for adult is more than 70% and children segment contributing more than 25% to the market share.
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Optima Insights provides the latest update on the industry trends, products & pipeline analysis with country, regional and global revenue forecast till the year 2026. The Sports Insoles market is segmented based on Product (Customized & Pre-fabricated); Material (Gel, Ethyl-vinyl acetate, Composite Carbon fibers, Cork, Leather, Polyethylene Foams, Thermoplastic & others); User Age (Pediatric, Adult); Distribution Channel (Online stores, Hospitality & Specialty clinics, drug stores) and Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).
The report profiles more than 20 companies with more than 100 products with production technology, materials, indications and features. Major companies contributing to the Sports Insoles include Dr. Scholls, Foot Science International, SIDAS, Superfeet Worldwide Inc, Acor Orthopaedic, Inc, Celtic orthotics, Aetrex Worldwide, Inc., Acor Orthopaedic, Inc and many more…
- Provides a detailed Analysis of the Market Structure along with forecast of the various segments and sub-segments.
- Provides a Comparative Analysis of Key Marketed and Pipeline Products.
- Provides Key Information on Players involved.
- Provides a Complete Overview of Market Segments and the Regional Outlook.
- Provides In-depth Coverage of Key News, including Major Mergers, Acquisitions and Product Development updates such as clinical trial progression updates and regulatory updates.
The Report Provides Key Insights on
- History of the Sports Insoles Market, 2015 to 2017
- Forecast of the Sports Insoles Market Growth till the year 2026
- The key market drivers, restraints, challenges, future opportunities and the market dynamics driving the Sports Insoles Market
- Analysis of potential growth segments which will drive the market
- Landscape analysis of the major companies, and new market entrants and companies which possess disruptive technologies which can change the trend of the entire market
- Key market approaches adopted by the organizations and in-depth intelligence of potential strategies which could alter the market dynamics
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