- Report ID: BMRC 304 | Number of pages: 201 | Publish Date: Jan 2020
Status: Published | Category: Consumer Goods | Delivery Timeline:
Athletic Footwear Market is valued at USD 85.5 Billion in 2018 and expected to reach USD 98.9 Billion By 2025 with the CAGR of 2.1% over the forecast period. Increasing sports activities coupled with technological advancement is likely to grow the athletic footwear market.
Athletic footwear is specially designed to provide required comfort and grip during sports activities. The manufacturing of these footwear require different raw material to provide required support and comfort. There is change in fashion trends due to which athletic footwear are used as fashion footwear or casual footwear. The athletic footwear is made up of high quality such as foam, leather, and various chemical additives. The changing needs of consumers have made various changes in the athletic footwear and these changes will continue in the future as well which will shape up the athletic footwear market.
Athletic Footwear Market report is segmented on product type, consumer type, distribution channel and by regional & country level. Based upon product type, market is segmented into Aerobics/Gym Shoes, Hiking and Trekking Boots and Shoes, Specialty Shoes, Running and Walking Shoes, and Others. On the basis of consumer, the market is segmented into Kids, men and women. Based upon distribution channel, market is classified into Online Retail, Specialty Stores, Sports Stores, Departmental Stores, Hypermarkets & Supermarkets, and Others.
The regions covered in this Athletic Footwear market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Athletic Footwear market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Some major key players for Athletic Footwear market are ASICS Corporation, Fila Inc., Nike Inc., Skechers USA Inc., Reebok International, Puma SE, New Balance Athletics Inc., Under Armour Inc., Lotto Sport Italia S.p.A, and Adidas AG among others.
Increasing sports activities coupled with technological advancement is the key factor which helps Athletic Footwear Market to grow.-
There are various health benefits of sports it not only keeps the body active but also keeps an individual fit which helps to lead a healthy life. There has been tremendous increase in the sports activities on international level which has also increased the awareness among people and also created lot of interest among the young generation. Increase in sports activities has increased the demand for the market over the forecast period. Furthermore, increase in awareness among people about athletic footwear coupled with increase in advanced and innovation footwear. Moreover, increase in disposable income and e-commerce has boosted the demand for the market. Technological advancement are expected to create ample opportunities in the athletic footwear market. However, Increase in raw material prices coupled with environmental concern is expected to impede the growth of the market.
North America is expected to dominate the Athletic Footwear Market.
North America accounts for the largest market share of around 30% in the global athletic footwear market. This growth is owing to the presence of major developed countries such as U.S., Canada and others. There has been increase in interest in sports activities coupled with increase in adventure activities are expected to contribute the growth of the market. Europe is expected to follow the North America in terms of market share owing to the increase in technological advancement in the athletic footwear. Asia Pacific is expected to develop significantly over the forecast period owing to the presence of developing economies such as India, China and others. Due to the increase awareness in sports activities, increase in e-commerce, coupled with increase in disposable income is expected to support the growth of the market. Middle East, Africa and Latin America are expected to develop moderately over the forecast period.
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Athletic Footwear Market Size Raising to USD 98.9 Billion by 2025