The latest research study “Athletic Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global athletic footwear market size reached US$ 110.31 Billion. Looking forward, IMARC Group expects the market to reach a value of US$ 145.81 Billion by 2027 exhibiting a CAGR of 4.50% during 2022-2027.
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.
Industry Definition and Application:
Athletic footwear represents the shoes specifically designed for sporting and other activities, such as exercising, jogging, running, aerobic dancing, and recreational hobbies. They are manufactured using lightweight materials, including wood, rubber, plastic, leather, jute, breathable knit polyester, and nylon mesh. Compared to traditional alternatives, athletic footwear has a stiffer sole and provides extra flexibility, adjustability, cushioning, durability, and stability. They also offer optimum arch support and protection, improve muscular performance and comfort, and prevent foot injuries and problems, such as corn, fungal infections, and ingrown toenails. As a result, athletic footwear is extensively worn by men, women, and children across the globe.
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Athletic Footwear Market Trends and Drivers:
The escalating participation in sports, physical activities, and home workout routines, owing to the rising health consciousness among the masses, is among the primary factors driving the athletic footwear market. Besides this, the elevating product utilization by athletes and climbers to prevent leg and muscle injuries and remove excessive strain from the back and knee is further augmenting the market growth. Moreover, the introduction of lightweight athletic shoes made with mesh fabric layers enabling air-circulation and durability and the development of innovative variants by the leading manufacturers with unique designs and superior comfort are also catalyzing the global market. Apart from this, the increasing need for premiumization and customization for excellent quality product design is acting as another significant growth-inducing factor. Furthermore, the launch of sports shoes manufactured with environmentally friendly materials, inflating expenditure capacities of consumers, the easy availability across e-commerce platforms, and the growing popularity of smart wearables that gather physical activity data on connected devices are expected to bolster the athletic footwear market in the coming years.
The report has been segmented the market into following categories:
Breakup by Product Type:
o Aerobic Shoes
o Running Shoes
o Walking Shoes
o Trekking and Hiking Shoes
o Sports Shoes
Breakup by Distribution Channel:
o Supermarkets and Hypermarkets
o Specialty Stores
o Brand Outlets
o Online Channels
Breakup by End User:
· North America
o United States
o South Korea
o United Kingdom
· Latin America
· Middle East and Africa
List of Major Key Players:
The major players in the market are 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..
Key highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
Structure of the Market
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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