Global Athletic Footwear Market: In-Depth Analysis and Forecasts for 2024-2030
MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Athletic Footwear Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Athletic Footwear Market: 2024-2030
The Global Athletic Footwear Market size was valued at around USD 135 billion in 2023 and is expected to grow at a compound annual growth rate or CAGR of 4% from 2024-30. This is due to the rising awareness of health benefits and growing interest in sports and several associated activities. Nowadays, as the younger population is showing great enthusiasm towards sports to stay healthy & to include any one physical activity in their lifestyle, this, in turn, is instigating the demand for athletic footwear globally. Even building awareness towards health diseases like cardiovascular diseases, diabetes, obesity, depression, etc., being cured through physical activities such as Squash, swimming, cycling, running, basketball, and others, creates hype in the consumers towards athletic footwear. Also, individuals are recognizing the importance of using accurate sports shoes for different sports activities to prevent muscle injuries, leg injuries, knee pain, hip pain, and back pain. Thus, this demonstrates the growing demand graph in the Athletic Footwear Global Market.
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What are the primary factors driving the growth of the Athletic Footwear Market?
Inclination Towards Sports & Physical activities – The increasing global interest in sports and other fitness activities led to a boost in the market and also registered further growth. With the rising popularity of sports and fitness footwear, it facilitates gaining more and more consumer attention in the market. Footwear that provides comfort gradually minimizes the chance of injury and provides support is always in high demand. Even the realization of regular exercise contributes to the Athletic Footwear Market Growth. For Instance:
- In April 2024, Adidas introduced 49 styles of shoes to choose from, 9 sponsored nations, and the 2024 Olympic and Paralympic Games in Paris.
Moreover, an increasing number of sports tournaments is also expected to affect the market growth graph. Several tournaments are being organized, local, regional, and many more, and numerous individuals are participating in them to display their skills & expertise. Hence, with the growing participation in the tournaments, there is a high demand for athletic footwear, further driving the market growth.
Athletic Footwear Market Segmentation:
The Athletic Footwear market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Type of Footwear
- Aerobic Shoes – Market Size & Forecast, 2019-2030 (USD Million)
- Running Shoes – Market Size & Forecast, 2019-2030 (USD Million)
- Walking Shoes – Market Size & Forecast, 2019-2030 (USD Million)
- Trekking & Hiking Shoes – Market Size & Forecast, 2019-2030 (USD Million)
- Sports Shoes – Market Size & Forecast, 2019-2030 (USD Million)
By Sport Type
- Cricket – Market Size & Forecast, 2019-2030 (USD Million)
- Football – Market Size & Forecast, 2019-2030 (USD Million)
- Tennis – Market Size & Forecast, 2019-2030 (USD Million)
- Basketball – Market Size & Forecast, 2019-2030 (USD Million)
- Other – Market Size & Forecast, 2019-2030 (USD Million)
By End User
- Men – Market Size & Forecast, 2019-2030 (USD Million)
- Women – Market Size & Forecast, 2019-2030 (USD Million)
- Children – Market Size & Forecast, 2019-2030 (USD Million)
By Price Range
- Up to USD 25 – Market Size & Forecast, 2019-2030 (USD Million)
- USD 26 to 50 – Market Size & Forecast, 2019-2030 (USD Million)
- USD 51 to 100 – Market Size & Forecast, 2019-2030 (USD Million)
- Above USD 100 – Market Size & Forecast, 2019-2030 (USD Million)
By Sales Channel
- Supermarkets & Hypermarkets – Market Size & Forecast, 2019-2030 (USD Million
- Brand Outlets – Market Size & Forecast, 2019-2030 (USD Million)
- Sports Goods Stores – Market Size & Forecast, 2019-2030 (USD Million)
- Online- Market Size & Forecast, 2019-2030 (USD Million)
- Others
Geographical Analysis into the Athletic Footwear Market:
The Athletic Footwear market is categorized based regional:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Competitive Landscape and Athletic Footwear Market Share Analysis:
The competitive landscape of the Athletic Footwear Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- Adidas AG
- Nike Inc.
- Strategic Alliances/ Partnerships
- PUMA SE
- ASICS Corporation
- Fila Inc.
- Under Armour Inc.
- Li-Ning Company Limited
- Skechers USA, Inc.
- Reebok International Ltd.
- New Balance Athletics, Inc.
- Brooks Sports, Inc.
- VF Corporation
- US Polo Association
- Xtep International Holdings Ltd
- 361 Degrees International Ltd
- Qiaodan Sports Co Ltd
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Questions Addressed in this Study
- What factors are driving the Athletic Footwear Market growth?
- How is the Athletic Footwear Market expected to grow over the next five years?
- What are the key insights into the current trends in the Athletic Footwear Market?
- What is the current size of the Athletic Footwear Market, and how is it projected to change in the future?
- What is the future outlook for the Athletic Footwear Market in terms of technological advancements and market expansion?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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