Global Ballet Shoes (Pointe Shoe) Market Overview:
The Ballet shoe market has shown a significant growth rate over the past decade. The growth and profitability of the market have been driven by increasing demand for trendy yet comfortable ballet shoes. The rise in demand for dancing shoes and the huge popularity of stylish and comfortable shoes among Gen Z and milleniel is majorly driving the demand for the market. There is a different sort of dancing shoes for the various kinds of dance. The selection of dancing shoes may depend on the surface. The varieties of dancing shoes include ballroom shoes, tap shoes, dance sneakers, and others. A significant element driving the worldwide dance shoe business is the increasing demand for stylish yet convenient dancing shoes across ages. Moreover, growing online distribution channels, changing lifestyle standards, and rising disposable income in the developing regions are expected to boost the market demand in the near future.
As per latest study released by AMA Research, the Global Ballet Shoes (Pointe Shoe) market is expected to see growth rate of 5.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Demand for Trendy Yet Comfortable Dance Shoes and Increasing Number of Customer from Online Channel
Market Growth Drivers:
Growing Popularity of Various Forms of Dance and Changing Lifestyle Standard Fueled by Rise in Disposable Income
Challenges:
Increasing Number of Local Manufacturers in the Market
Restraints:
Fluctuating Raw Material Prices
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil is Visible
Competitive Landscape:
Market players are focusing on providing ballet shoes with higher quality along with complying with all comfort and fashion standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified shoes. The market is fragmented owing to the presence of several international and domestic providers. The high focus on offering cost-effective product offerings. Besides, the numerous industry profitability has led to the entry of new players, in turn, increasing the level of rivalry in the already competitive market
Some of the key players profiled in the report are Vivaz Dance (Australia), Sansha Group (France), Bloch (Australia), J.Crew (United States), Tory Burch LLC (United States), Repetto (France), Prettyballerinas (Spain), Dansgirl (China), Grishko (Russia), Capezio (United States) and DTTROL (Australia). Additionally, following companies can also be profiled that are part of our coverage like Lanvin (France), VANESSA, Matt Berson, ChristianLouboutin (France) and Gaynor Minden (United States). Analyst at AMA Research see French Vendors to retain maximum share of Global Ballet Shoes (Pointe Shoe) market by 2030.
Considering Market by , the sub-segment i.e. will boost the Ballet Shoes (Pointe Shoe) market.Latest Market Insights:
In April 2023, Gaynor Minden launched Lyra as part of their 30th Anniversary celebration; their first all-new pointe shoe line over that period. The company is delighted to be stocking and fitting these shoes for dancers from early May 2024.
In November 2023, Bloch released the new ETU pointe shoe, featuring a curved and tapered last, synthetic materials in the box, and cushioned materials for comfort.
According to the Government of the United Kingdom, “These Regulations implement European Parliament and Council Directive 94/11/EC (O.J. No. L100, 19.4.94, p.37) on the labeling of materials used in the main components of footwear for sale to the consumer”.
What Can be Explored with the Ballet Shoes (Pointe Shoe) Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Ballet Shoes (Pointe Shoe) Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Ballet Shoes (Pointe Shoe)
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Ballet Shoes (Pointe Shoe) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Ballet Shoes (Pointe Shoe) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Ballet Shoes Manufacturers, Ballet Shoes Distributors, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.