Overview and Scope
Athletic footwear refers to a variety of types of shoes that are designed to take into account the particular movements involved in various sports and are used while participating in sports, exercise, or leisure activities. Athletic footwear provides sports-specific levels of cushioning, stability, traction, flexibility, and durability.
Sizing and Forecast
The athletic footwear market size has grown strongly in recent years. It will grow from $81.43 billion in 2023 to $85.8 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to increased global sporting events, urbanization and active lifestyles, brand loyalty and sneaker culture, increased health and fitness consciousness, casualization of workwear.
The athletic footwear market size is expected to see strong growth in the next few years. It will grow to $107.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to sustainable and eco-friendly footwear, expansion in emerging markets, sports tourism and events, performance and lifestyle fusion, inclusivity and diversity. Major trends in the forecast period include integration of technology, customization and personalization, collaborations and limited edition releases, digital retail and direct-to-consumer (DTC) channels, retro and vintage styles, fitness apps and wearables.
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Segmentation & Regional Insights
The athletic footwear market covered in this report is segmented –
1) By Product Type: Running Shoes, Sports Shoes, Trekking/Hiking Shoes, Other Product Types
2) By End User: Men, Women, Kids
3) By Distribution Channel: Hypermarkets/Supermarkets, Specialty Stores, Brand Outlets, Online Channels
North America was the largest region in the athletic footwear market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the athletic footwear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising number of sports tournaments is expected to propel the growth of the athletic footwear market. Sports tournaments refer to competitions, in which large sections of players compete against each other in a specific format to determine the overall winner. Individuals are increasingly participating in local or regional tournaments, to display their skills and represent themselves on the global stage for their country. Sports professionals and enthusiasts enrolled in various sports tournaments are mandated to wear athletic footwear to conduct a safe and competitive tournament. For instance, in May 2023, according to the England and Wales Cricket Board, the governing body of cricket, around 2.6 million individuals engaged in cricket during 2022, with approximately 1.4 million players falling below the age of 16. The surge in young cricket enthusiasts has been supported by the ECB’s national initiatives. All Stars Cricket and Dynamos Cricket both of which, for the second consecutive year in 2022, attracted over 100,000 participants, contributing to the game’s growth among newcomers. Therefore, the rising number of sports tournaments will drive the growth of the athletic footwear market during the forecast period.
Key Industry Players
Major companies operating in the athletic footwear market report are Nike Inc., Adidas AG, Lining, VF Corporation, Puma SE, ANTA Sports Products Limited, Skechers USA Inc., Under Armour, New Balance Athletics Inc., Lotto Sport, Li-Ning Company Limited, ASICS Corporation, ASICSTIGER, Deckers Brands, Columbia Sportswear Company, Fila, Fila Korea Ltd., Mizuno Corporation, On AG, Brooks Running Company, ECCO Sko A/S, Lanvin, K-Swiss Inc., Diadora Sport S.p.A., UMBRO, Umbro, Keen Inc., Saucony, Warrior, Salomon, Tecnica Group S.p.A., La Sportiva, Vivobarefoot, Helly Hansen, Topo Athletic, Hummel International Sport & Leisure A/S
The athletic footwear market report table of contents includes:
1. Executive Summary
2. Athletic Footwear Market Characteristics
3. Athletic Footwear Market Trends And Strategies
4. Athletic Footwear Market – Macro Economic Scenario
5. Global Athletic Footwear Market Size and Growth
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31. Athletic Footwear Market Other Major And Innovative Companies
32. Global Athletic Footwear Market Competitive Benchmarking
33. Global Athletic Footwear Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Athletic Footwear Market
35. Athletic Footwear Market Future Outlook and Potential Analysis
36.Appendix
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