Badminton Shoes Sales Are Expected to Register a Positive CAGR of 8% Through 2028 |Fact.MR Analysis Badminton Shoes Market Forecast, Trend Analysis and Competitive Tracking – Global Market Insights 2028 The badminton footwear market has grown at an impressive CAGR of over 8% during 2028 . This growth can be attributed to the fact that badminton is one of the most popular sports in the world through participation. With the increasing popularity of racquet sports including badminton, the global demand for badminton shoes is likely to reach a new peak in 2019 , exceeding US$ 2,800 million . Download a Free Sample Copy of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=754 What are the key factors boosting the badminton shoes market? The tremendous increase in popularity of racquet sports like badminton and tennis over the past decade continues to be a major driver for the badminton footwear market. Consumers, especially professional badminton players, are constantly looking for lightweight, well-cushioned, modern badminton shoes that offer unmatched flexibility. This is likely to boost the growth of the badminton footwear market over the forecast period. With growing interest in advanced manufacturing techniques and the use of advanced materials, new products with upgraded properties are likely to be introduced in large quantities. This is expected to provide a significant impetus to the growth of the badminton shoe market. The increasing availability of affordable badminton apparel and accessories is encouraging consumers of all income groups to make substantial purchases. As consumers are increasingly willing to invest in high-quality badminton accessories, the badminton footwear market is estimated to witness strong year-over-year growth over the forecast period. Working with famous personalities in a particular sport to promote products offered for that particular sport was a very raw and effective strategy. This allows consumers to attach their feelings about famous athletes to the footwear and apparel brands they embellish. Badminton shoe manufacturers work with leading badminton players in certain countries to endorse their products. This has helped some badminton enthusiasts increase their revenue considerably by wearing certain shoes to play the sport. With several badminton tournaments being held around the world each year, the number of participants participating in the tournaments has also increased significantly. Viewership also skyrocketed as more and more domestic players started representing badminton on the international stage. This has increased the demand for various badminton accessories including shoes. Many badminton manufacturers have recently effectively utilized outsourcing strategies to achieve higher profits. Outsourcing the production of badminton shoes to regions such as Asia helps to effectively reduce the cost of the product. The low wages required for shoe manufacturing is one of the main reasons why Asian countries are becoming shoe manufacturing hubs. Share your requirements and get a custom report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=754 competitive landscape In 2018, Yonex, a leading manufacturer of sports equipment for golf, tennis and badminton, officially announced the release of the 'Power Cushion Aerus 3', the lightest badminton shoe at approximately 270g. These badminton shoes from Yonex excel at absorbing the aftermath of badminton footwork while providing players with unmatched flexibility and comfort. This new product not only offers improved resilience and shock absorption, but also promises improved resilience and agility. In 2018, Puma SE joined forces with Havas Media, the media division that leads the Havas Group's Marketing and Communications area. It is part of the company's 'major strategy' to introduce sweeping reforms to its marketing approach that will help enhance brand interaction with customers and spur sales growth. In 2018, Lotto Sport Italia, a leading manufacturer of casual and sports apparel and footwear, launched one of the company's unique technologies, the 'AMF – Adapto Memory Foam' campaign in Bangladesh. Under this campaign, customers who purchase Lotto shoes worth Tk1500 from the company-owned flagship store will also receive an AMF shoe insole as a gift. This campaign was run by the company with the sole aim of reaping profits through value-added offerings. Other major players introduced to the badminton footwear market include Cosco (India) Ltd, Mizuno USA, Inc., Carlton Sports, and VICTOR RACKETS IND. CORP, Adidas AG and Li Ning Company Limited.