Athletic Footwear Market Overview 2022-2027
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.
Covid-19 Impact:
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.
What is Athletic Footwear ? How Big is Athletic Footwear Market ?
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 global.
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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.
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Athletic Footwear Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 110.31 Billion |
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Market forecast in 2027 |
US$ 145.81 Billion |
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Growth Rate |
CAGR of 4.50% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends |
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Segments covered |
Product Type, Distribution Channel and End User |
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Regional scope |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
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Key companies profiled |
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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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Click here to view detailed information with table of content: https://www.imarcgroup.com/athletic-footwear-market
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
Aerobic Shoes
Running Shoes
Walking Shoes
Trekking and Hiking Shoes
Sports Shoes
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Brand Outlets
Online Channels
Breakup by End User:
Men
Women
Kids
By Geography:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Click here to view detailed information with table of content: https://www.imarcgroup.com/athletic-footwear-market
List of Major Key Players:
The major players in the market are
Adidas AG [ETR: ADS]
ASICS Corporation [TYO: 7936]
FILA Holdings Corp [KRX: 081660]
K-Swiss Inc.
New Balance Inc
Nike Inc. [NYSE: NKE]
Puma SE [ETR: PUM]
Reebok International Ltd,
Saucony, SKECHERS Inc
and Under Armour Inc.. [NYSE: UAA]
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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.
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