PRESS RELEASE
Published May 23, 2023
“The universal Athletic Footwear Market report is an established source of information that presents with a telescopic view of the current market trends, situations, opportunities and status. The leading players of the Athletic Footwear Market are making moves like product launches, joint ventures, developments, mergers and acquisitions which is affecting the market and Athletic Footwear Market industry as a whole and also affecting the sales, import, export, revenue and CAGR values. Analysis and estimations attained through the massive information gathered in the world class Athletic Footwear Market document are extremely necessary when it comes to dominating the market or creating a mark in the market as a new emergent.
Athletic Footwear Market research report conducts study on production capacity, consumption, import and export for all major regions across the globe. The market study provides details of drivers and restraints for the Athletic Footwear Market with the help of SWOT analysis, along with the impact they have on the demand over the forecast period. The report is based on the market type, organization size, availability on-premises and the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The comprehensive Athletic Footwear Market report is helpful in knowing the general conditions prevailing in the market, the marketing and pricing strategy of competitors.
Data Bridge Market Research analyses that the athletic footwear market was valued at USD 146.90 billion in 2022 and is expected to reach USD 462.04 billion by 2030, registering a CAGR of 15.40% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
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Athletic footwear is a general term used for shoesused for shoes designed to be worn while participating in sports activities. Athletic shoes are mainly intended for usage in active sports or other physical activities. These shoes are crucial for athletes because they give road traction, torsional stability, flexibility, stability or motion control and other advantages.
Some of the major players operating in the Athletic Footwear Market are:
- Nike, Inc. (U.S.)
- Puma SE (Germany)
- Adidas AG (Germany)
- Bata Brand (India)
- Honeywell International Inc. (U.S.)
- New Balance (U.K.)
- Rahman Group (India)
- COFRA Holding (Switzerland)
- ELTEN GmbH (Germany)
- Uvex group (Germany)
- Rock Fall Ltd. (U.K.)
- Oftenrich Holdings Co. Ltd. (U.S.)
- Wolverine World Wide Inc. (U.S.)
- Hewat’s Edinburgh (U.K.)
- W. L. Gore & Associates, Inc. (U.S.)
- Sunflower Industrial Group Co.,Ltd (China)
- HILLSON FOOTWEAR PVT. LTD (India)
Athletic Footwear Market Dynamics
Drivers
- Rising demand for running shoes
The increasing demand for running shoes is expected to drive the market growth rate. Increasing demand for running shoes for daily usage and the availability of these shoes in an extensive range of costs ranging from reasonable athletic shoes to extremely luxurious ones will boost the market growth. Running shoes include shoes required for advanced running, road running, training, track running, trail running and racing.
- Increasing technological advancement for the introduction of more comfort and flexibility hikers
Increasing technological advancements which have ensured more flexibility and comfort for hikers is expected to drive the growth of the market. For instance, W.L. Gore & Associates, Inc. has introduced the primary version of surround technology in the market. The technology features GORE-TEX laminates that are integrated into the shoe upper of hiking and trekking shoes to cover the foot from all sides and expel the heat and sweat out of the shoes through side ventilation.
Opportunities
- Increasing Sports Participation and Influence of Athleisure
Consumers progressively choose designer athletic shoes that integrate components of sports design in accordance with the athleisure trend. Moreover, the global demand for cycling and running footwear is compelled by the continuous consumer shift toward more active lifestyles. With the increase in popularity of fitness and sports activities, such as jogging, aerobics, swimming and yoga will create many opportunities for the market players in the global athletic footwear market, Furthermore, number of women are now participating in sports and fitness activities which increase the demand for the attractive and comfortable sports footwear. So the Consumers, mainly women, are buying more athletic footwear as a result of this factor. Furthermore, athleisure has become progressively widespread, influencing millennial parents’ sports footwear choices. Also, athletic footwear is famous among all age groups such as baby boomers, Generation Z, Generation X, and millennials because they are also participating in sports activities.
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The athletic footwear market is segmented on the basis of product type, price-based, end-user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Running Shoes
- Sports Shoes
- Aerobic Shoes
- Walking Shoes
- Trekking and Hiking Shoes
- Insert
- Sports Shoes
- Backpacking Shoes
Price-Based
End-User
Distribution Channel
- Sports and Athletic Goods Stores
- Supermarkets/Hypermarkets
- Online Retail Stores
- Other Distribution Channels
Regions Covered in the Global Athletic Footwear Market Report 2023:
? The Middle East and Africa (GCC Countries and Egypt)
? North America (the United States, Mexico, and Canada)
? South America (Brazil etc.)
? Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
? Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
The key questions answered in this Athletic Footwear Market Report:
- What will be the Athletic Footwear Market Size and Growth Rate in the forecast year?
- What are the Key Factors driving Athletic Footwear Market?
- What are the Risks and Challenges in front of the Athletic Footwear Market?
- Who are the Key Vendors in Athletic Footwear Market?
- What are the Trending Factors influencing the Athletic Footwear Market shares?
- What are the Key Outcomes of Porter’s five forces model?
- Which are the Global Opportunities for Expanding the Athletic Footwear Market?
Table of Contents
Global Athletic Footwear Market Research Report 2023 – 2029
Chapter 1 Athletic Footwear Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Athletic Footwear Market Forecast
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