The global athletic footwearmarket size reached US$ 116.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 189.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Athletic footwear refers to shoes specially designed for sporting and other activities, such as running, exercising, jogging, aerobic dancing, and recreational hobbies. They are manufactured using lightweight materials, such as leather, wood, rubber, plastic, jute, breathable knit polyester, and nylon mesh. As compared to traditional alternatives, athletic footwear has a stiffer sole and provides extra cushioning, flexibility, adjustability, durability, and stability. They also offer comfort, optimum arch support and protection, improve athletic performance, and prevent foot injuries and problems, such as fungal infections, corns, and ingrown toenails.
Athletic Footwear Market Trends:
The increasing participation in sports and physical activities and home workout routines due to the rising health consciousness among the masses is creating a positive outlook for the market. Additionally, the widespread product adoption by athletes and climbers to prevent muscle and leg injuries and remove excessive strain from the knee and back is acting as another growth-inducing factor. Apart from this, the introduction of lightweight athletic shoes made with mesh fabric layers enabling air-circulation and durability is providing an impetus to the market growth. The key manufacturers are actively working to develop innovative products with unique designs and superior comfort, which is further creating a positive outlook for the market. Moreover, the increasing demand for premiumization and customization for superior quality and design of athletic shoes is positively impacting the market growth. Besides this, the launch of athletic shoes manufactured with environmentally friendly materials, rising expenditure capacities of consumers, easy product availability across e-commerce platforms, and the development of smart footwear that gathers physical activity data on connected devices are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global athletic footwearmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, distribution channel and end user.
Breakup by Product Type:
Trekking and Hiking Shoes
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Breakup by End User:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Base Year of the Analysis
Product Type, Distribution Channel, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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.
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Key Questions Answered in This Report
The global athletic footwear market was valued at US$ 116.0 Billion in 2022.
We expect the global athletic footwear market to exhibit a CAGR of 4.3% during 2023-2028.
The growing popularity of home workout routines, along with the rising adoption of athletic footwear, as they prevent foot injuries and problems, including fungal infections, corns, ingrown toenails, etc., is primarily driving the global athletic footwear market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of athletic footwear.
Based on the product type, the global athletic footwear market can be categorized into aerobic shoes, running shoes, walking shoes, trekking and hiking shoes, and sports shoes. Currently, running shoes hold the majority of the total market share.
Based on the distribution channel, the global athletic footwear market has been segregated into supermarkets and hypermarkets, specialty stores, brand outlets, and online channels. Among these, specialty stores currently exhibit a clear dominance in the market.
Based on the end user, the global athletic footwear market can be bifurcated into men, women, and kids. Currently, men account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global athletic footwear market include 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.
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