According to the latest report by IMARC Group, titled “Athletic Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global athletic footwear market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global athletic footwear market size reached US$ 116.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 189.8 Billion on by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is a the athletic footwear Market?
Athletic footwear refers to shoes made especially for sports and other activities, including aerobic dancing, jogging, running, and recreational hobbies. They are manufactured from lightweight materials such as plastic, jute, breathable knit polyester, leather, wood, rubber, and nylon mesh. They have a stronger sole than traditional variants and offer more cushioning, adjustability, flexibility, durability, and stability. They help prevent foot injuries and other problems, such as corn, fungal infections, and ingrown toenails. Since they provide comfort, excellent arch support and protection, and enhanced athletic performance, athletic footwear is gaining immense traction across the globe.
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What are the major market drivers in a athletic footwear market?
The global athletic footwear market is primarily driven by the increasing participation of individuals in sports and physical activities and home workout routines due to rising health consciousness. Moreover, the introduction of breathable, durable, and lightweight athletic shoes with multiple layers of mesh fabric is positively influencing the market growth.
Additionally, the surging product adoption by climbers and athletes to reduce back and knee stress and avoid muscle and leg injuries is another major growth-inducing factor. Furthermore, several key players are introducing innovative products with unique designs and superior comfort. In line with this, the increasing demand for premiumization and customization of athletic shoes with excellent quality and design is propelling market growth. Other factors, including easy product availability across e-commerce platforms, the development of smart footwear that collects physical activity data on connected devices, and inflating consumer disposable incomes, are also anticipated to create a favorable market outlook.
Who are the leading players in Athletic Footwear Market?
Adidas AG, ASICS Corporation, FILA Holdings Corp, K-Swiss Inc., New Balance Inc., Nike Inc., Puma SE, Reebok International Ltd, Saucony, SKECHERS Inc. and Under Armour Inc.
The report has been segmented the market into following categories:
Breakup by Product Type:
Trekking and Hiking Shoes
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Breakup by End User:
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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.
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