Global Athletic Footwear Market, By Product Type (Insert, Sports Shoes, Hiking Shoes, Backpacking Shoes), Price-Based (Premium, Mid, Economy), End-User (Men, Women, Kids), Distribution Channel (Store Based, Non-Store Based), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The athletic footwear market is expected to witness market growth at a rate of approximately 4.75% in the forecast period of 2021 to 2028 and is expected to reach USD 105.44 billion by 2028. Data Bridge Market Research report on athletic footwear market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The continuous changing trends globally are escalating the growth of athletic footwear market.
Athletic footwear refers to the type of footwear that is specifically developed for sports and other outdoor activities. These are especially designed for different sport such as basketball, baseball and tennis among others. They also include footwear for other activities such as walking, running, hiking and gym among others.
The rise in the enthusiasm and awareness regarding the health benefits of sports and fitness activities, acts as one of the major factors driving the growth of athletic footwear market. The increase in the adoption of sports and fitness activities as they help in maintaining good health and reduce the risk of chronic disorders such as depression, cardiovascular diseases and diabetes accelerate the athletic footwear market growth. The rise in consumers inclining towards healthy lifestyle especially youngsters and growth in awareness associated with the importance of using the appropriate type of shoes for sports activities in order to prevent muscle injuries, leg injuries, knee pain, hip pain and back pain among others further influence the athletic footwear market. Additionally, growth of retail e-commerce sector, surge in disposable income of consumers, urbanization, and change in consumer lifestyle positively affect the athletic footwear market. Furthermore, increase in demand for tailor-made and lightweight athletic footwear extends profitable opportunities to the athletic footwear market players in the forecast period of 2021 to 2028.
On the other hand, rise in raw material prices is expected to obstruct the athletic footwear market growth. Increase in environmental concerns over use of synthetic rubber is projected to challenge the athletic footwear market in the forecast period of 2021-2028.
This athletic footwear market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on athletic footwear market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Athletic Footwear Market Scope and Market Size
The athletic footwear market is segmented on the basis of product type, price-based, end-user and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the athletic footwear market is segmented into insert, sports shoes, hiking shoes and backpacking shoes.
- On the basis of price-based, the athletic footwear market is segmented into premium, mid and economy.
- On the basis of end-user, the athletic footwear market is segmented into men, women and kids.
- On the basis of distribution channel, the athletic footwear market is segmented into store based and non-store based.
Global Athletic Footwear Market Country Level Analysis
The athletic footwear market is analyzed and market size, volume information is provided by country, product type, price-based, end-user and distribution channel as referenced above.
The countries covered in the global athletic footwear market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the athletic footwear market due to the high enthusiasm among the citizens for sports, fitness and adventure activities such as hiking, training, aerobics and trail running within the region. Asia-Pacific is expected to witness the highest growth during the forecast period of 2021 to 2028 because of the surge in disposable income, increase in enthusiasm for participating in various sports events including the Asian Games and growing penetration of e-commerce in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Athletic Footwear Market Share Analysis
The athletic footwear market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to athletic footwear market.
The major players covered in the athletic footwear market report are Nike, Inc., Adidas AG, SKECHERS USA, Inc., New Balance, ASICS Corporation, PUMA SE, VF Corporation, K-Swiss, Wolverine World Wide, Inc., Converse, Under Armour, Inc., WOODLAND WORLDWIDE, Saucony and TBL Licensing LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Athletic Footwear Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.