Athletic Footwear Market Size, Share & Trends Analysis - Global Opportunity Analysis And Industry Forecast 2030

  • Publish Date: Apr,2022
  • Report ID: QI040
  • Page : 200
  • Report Type : PDF (Email)
The global athletic footwear market revenue was US$ 114.7 billion in 2021. The global athletic footwear market revenue is forecast to reach US$ 175.0 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2022 to 2030.

The term athletic footwear refers to shoes designed for sport and other outdoor activities. Athletic shoes are those for running, basketball, tennis, and others, but they usually exclude shoes for sports such as football (soccer) and rugby. Rubber soles typically accompany shoes made of flexible material. The original design of athletic shoes was simple, but manufacturers have since adapted them for numerous sports. The use of athletic shoes has also expanded to the casual market, and young people are especially fond of them. The equipment and clothing that an athlete uses are part of their gear, including athletic footwear. There are specific levels of cushioning, flexibility, stability, traction, and durability in athletic shoes. A cushion reduces the force of impact.

Factors Influencing Market Growth

An increasing awareness regarding the health benefits of sports and fitness activities that lowers the risk of diseases such as obesity, depression, diabetes, and others is forecast to fuel the growth of the global athletic footwear market.
During the forecast period, the changing lifestyles of consumers, the rise in disposable income, and the growth of the retail e-commerce industry in international markets will all contribute to the global market's growth.
As technology advances, new and innovative shoes become available, and people become aware of the importance of wearing the correct type of shoes to prevent muscle injuries, leg injuries, and many others, there is a growing demand for the athletic footwear market.
The popularity of branded athletic footwear among youngsters also influences the market's growth.
The price of raw materials and the prevalence of fake and brand-copied athletic footwear products may slow down the market's growth.
Impact Analysis of COVID-19

The COVID-19 outbreak disrupted production activities worldwide, affecting footwear production. The lack of consumer purchases caused by store closures had slowed manufacturing in 2020. Global footwear consumption fell as a result of COVID-19. The postponement of the 2020 Olympic Games in Tokyo and a steep decline in sports activities have directly impacted the athlete footwear industry.

The pandemic has thus compelled footwear companies to turn their attention to e-commerce channels. The trend will likely outline the global athletic footwear market outlook during the forecast period.

Regional Insights

The Asia Pacific region accounted for the highest shipment volume in the global athlete footwear market and is forecast to continue dominating during the forecast period. The primary reason for this is the large population base and lower average selling price of athletic footwear in the region than in developed economies such as the U.K. and the U.S.

Leading Competitors

The leading prominent companies profiled in the global athlete footwear market are:

Asics Corporation
Adidas group
Puma SE
VF Corporation
Nike, Incorporated
FILA Korea, Limited
New Balance, Incorporated
SKECHERS, Incorporated
K-Swiss, Incorporated
Wolverine World Wide, Incorporated
Other Prominent Players
Scope of the Report

The global athlete footwear market segmentation focuses on Type, End-User, Distribution Channel, and Region.

Segmentation based on Type

Sports shoes
Tennis Shoes
Soccer Shoes
Basketball Shoes
Cricket Shoes
Running and walking shoes
Hiking and backpacking shoes
Aerobic and gym wear shoes
Segmentation based on Distribution Channel

Specialty Stores
Brand Outlets
Online Channels
Segmentation based on End-User

Segmentation based on Region

North America
The U.S.
Western Europe
The UK
Rest of Western Europe
Eastern Europe
Rest of Eastern Europe
Asia Pacific
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Saudi Arabia
South Africa
Rest of MEA
South America
Rest of South America
Global Nasal Aspirator Market Development Strategy Pre and...
Global Glass Cosmetics Packaging Market Development Strategy Pre...
Global Citrus Junos Peel Oil Market Development Strategy...
Global Outdoor Gliders Market Development Strategy Pre and...
Global Table Vanity Mirrors Market Development Strategy Pre...
Global Lamp Covers Market Development Strategy Pre and...
Global Oxidation Hair Dye Market Development Strategy Pre...
Global Dulcimer Books Market Development Strategy Pre and...
Global Organic Personal Care Market Development Strategy Pre...
Global Anti - Glare Laptop Screen Protectors Market...
Global Golf Bags Market Development Strategy Pre and...
Global Cosmetics Jar Market Development Strategy Pre and...
Global Baby Pram Market Development Strategy Pre and...
Global Vintage Guitars Market Development Strategy Pre and...
Global Sanitizer Market Development Strategy Pre and Post...