According to IMARC Group latest report titled “Cleat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on cleat market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
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.
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A cleat is a protruding piece or strip of metal or other hard material, traditionally used on ships and boats to secure ropes and lines. Processes like casting, forging, and machining cleats are made from various materials, including stainless steel, aluminum, and plastic, depending on their intended use and required strength. The importance of cleats in marine, sporting, and industrial contexts cannot be overstated, as they play a crucial role in ensuring the safe and efficient management of ropes and lines. It enhances safety due to secure fastening, increased ease and speed of operation, and improved organization by preventing entangled lines.
Market Trends:
The global market is primarily driven by the continual technological advancements in material engineering that have led to the production of more robust and lightweight cleats, meeting the evolving demands of various industries. Additionally, the ongoing innovation in cleat design for athletic shoes is driven by the need for enhanced performance and injury prevention, contributing to market growth. Moreover, the flourishing industrial sector also shows a growing trend towards specialized cleats for cable management and load securing, reflecting an increased focus on workplace safety and efficiency and stimulating market growth. Furthermore, the shifting trend towards eco-friendly and sustainable practices is prompting manufacturers to develop cleats using recycled materials, reducing the environmental impact and further impelling market growth.
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Competitive Landscape
- Adidas AG
- ASICS Corporation
- Mizuno Corporation
- New Balance Inc.
- Nike Inc.
- Puma SE
- Under Armour Inc.
Key Market Segmentation:
Our report has categorized the market based on region, ground type, sports type, and distribution channel.
Ground Type Insights:
- Firm/Natural Grass
- Soft/Muddy Grass
- Artificial Grass
- Multi-Ground and Artificial Turf
Sports Type Insights:
- Soccer
- Rugby
- American Football
- Cricket
- Others
Distribution Channel Insights:
- Store-Based
- Non-Store Based
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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