Cleat Market

Market Overview: 

The global cleat market size reached US$ 187.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 353.6 Billion by 2032, exhibiting a growth rate (CAGR) of 7.31% during 2024-2032. The rising participation rates of individuals in various sports, increasing consumer purchasing power, and the rapid expansion of organized retail channels represent some of the key factors driving the market.

A cleat, also known as a stud, refers to a projecting piece on the bottom of a shoe or an external attachment designed to help the shoes grip the surface. It is manufactured using various materials, such as metal, rubber, and plastic, and is usually cone-shaped or tapered at the end. It is widely used to offer additional support to the wearer and provide optimum power delivery. It is commonly utilized by sportspersons as it ensures a solid grip on smooth and slippery grounds, offering stability while playing sports, running, cycling, or performing any physical activity. Since it aids in improving the overall performance and efficiency of the players, the cleat is gaining immense traction across the globe.

Cleat Market Trends:

The rising participation rates of individuals in different sports, including football, rugby, cricket, soccer, and basketball, represent the primary factor driving the market growth. Moreover, the surging influence of famous sportspersons, especially among children and the young population, is catalyzing market growth. In addition, there is a surge in the adoption of physical and outdoor activities, such as cycling, gymming, running, hiking, and trekking, due to the growing health and fitness consciousness among the masses. This has led to a significant rise in the incorporation of cleats in shoes to enhance the performance of individuals while playing sports or performing physical activities. Besides this, inflating consumer purchasing power, elevating living standards, and shifting consumer inclination toward maintaining a healthy and active lifestyle are other major factors propelling the market growth. Furthermore, the leading manufacturers are introducing new, lightweight cleated shoes made from robust and durable materials that help protect feet from various sports injuries, offer enhanced traction on the ground, and provide higher efficiency while running or playing. In line with this, the launch of innovative product variants in a diverse range of sizes, colors, shapes, and styles is positively influencing the market growth. Some of the other factors, including the increasing establishment of sports clubs and gyms, the rapid expansion of organized retail channels, easy product availability via e-commerce platforms, and heavy investments in aggressive promotional activities by key players, are also anticipated to provide a positive thrust to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global cleat market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on ground type, sports type, and distribution channel.

Ground Type Insights:

• Firm/Natural Grass
• Soft/Muddy Grass
• Artificial Grass
• Multi-Ground and Artificial Turf
   

The report has provided a detailed breakup and analysis of the cleat market based on the ground type. This includes firm/natural grass, soft/muddy grass, artificial grass, and multi-ground and artificial turf.

Sports Type Insights:

• Soccer
• Rugby
• American Football
• Cricket
• Others
   

A detailed breakup and analysis of the cleat market based on the sports type has also been provided in the report. This includes soccer, rugby, American football, cricket, and others.

Distribution Channel Insights:

• Store-Based
• Non-Store Based
   

The report has provided a detailed breakup and analysis of the cleat market based on the distribution channel. This includes store-based and non-store based.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for cleat. Some of the factors driving the North America cleat market included the rising participation of individuals in sports and outdoor activities, growing health and fitness consciousness among the masses, increasing consumer expenditure capacities, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global cleat market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Adidas AG, ASICS Corporation, Mizuno Corporation, New Balance Inc., Nike Inc., Puma SE, Under Armour Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Cleat Market Report Scope:

Key Questions Answered in This Report:

• How has the global cleat market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global cleat market?
• What is the impact of each driver, restraint, and opportunity on the global cleat market?
• What are the key regional markets?
• Which countries represent the most attractive cleat market?
• What is the breakup of the market based on the ground type?
• Which is the most attractive ground type in the cleat market?
• What is the breakup of the market based on the sports type?
• Which is the most attractive sports type in the cleat market?
• What is the breakup of the market based on distribution channel?
• Which is the most attractive distribution channel in the cleat market?
• What is the competitive structure of the global cleat market?
• Who are the key players/companies in the global cleat market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the cleat market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global cleat market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the cleat industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.