Athletic Footwear Market Worth to cross USD 110.99 billion By 2027
Posted On August 06, 2021
The Global Athletic Footwear Market value is expected to grow by an impressive 5.5% of CAGR during the forecast period of 2021 to 2027. The market can grow to USD 110.99 billion by 2027 as per the report by Value Market Research. Rising awareness regarding healthy lifestyles and growing sports tournaments across the globe are the key factors driving market growth. Growing retail e-commerce sector worldwide and the rising level of disposable income of consumers are anticipated to drive the market growth. People are also acquiring the importance of using an appropriate type of shoes for sports activities to prevent injuries. As a result, the demand for athletic footwear is expected to register growth over the forecast period. However, environmental issues caused during the disposal of footwear may act as a restraint over the coming years. Apart from this, rising government initiatives for the involvement in sports activities and continuously on-going research and development over the materials and sole may open a new opportunity for the market in upcoming years.
Previously, athletic footwear is generic name of sports shoe and are specially designed to be worn for participating in various sports. Originally, they were sporting apparel but now a days, it can go by the name sport shoe, running shoe, gym shoe, tennis shoes and others. Wearing the appropriate athletic footwear for specific sports or other activities can improve comfort and performance and, most importantly, prevent injuries. Owing to advancements in manufacturing technology and the development of new materials saw the development of a magnificent array of niche sports footwear.
The detailed research study "Global Athletic Footwear Market Report By Type (Sports Shoes, Running And Walking Shoes, Hiking And Backpacking Shoes, Aerobic And Gym Wear Shoes), End User (Men, Women, Kids) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" assists in understanding the market dynamics with qualitative as well as quantitative data.
On the basis of product type the market is segmented into Running Shoes, Sports Shoes, Trekking/Hiking Shoes, Other. By end user the athletic footwear market is categorised as Men, Women, Children. By distribution channel the athletic footwear market is categorised as Sports and Athletic Goods Stores, Supermarkets/Hypermarkets, Online Retail Stores, Other. The regions covered in the market study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. This section throws light on the geographical spread of revenue and/or volume of the athletic footwear market.
The Report Segments Global Athletic Footwear Market -
By Product Type
- Running Shoes
- Sports Shoes
- Trekking/Hiking Shoes
By End User
By Distribution Channel
- Sports and Athletic Goods Stores
- Online Retail Stores
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Adidas AG, ASICS Corporation, Fila Inc., Lotto Sport Italia S.p.A., New Balance Athletics, Inc., Nike, Inc., Puma SE, Reebok International Ltd., Saucony, LLC, and Skechers USA, Inc.
Download the FREE SAMPLE of Global Athletic Footwear Market Research Report
About Value Market Research -
Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information. Our analysts’ team is well equipped with all research tools and techniques and hold deep knowledge of the industry they are working for.
We ensure intellectual, precise and quality data is delivered to our client. We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.
Value Market Research
401/402, TFM, Nagras Road, Aundh, Pune-7.
Email: [email protected]