Global Athletic Footwear Market size was valued at USD 48.8 Billion in 2024 and is expected to reach USD 75.5 Billion by 2033, at a CAGR of 4.9% during the forecast period 2024 – 2033.
Athletic Footwear Market: Overview
Athletic footwear is more flexible and durable than other sports footwear. The demand for footwear items is being driven by rising fitness trends and rising rates of sports involvement among consumers.
Demand for opulent athletic footwear is influenced by people’s preference for comfort characteristics above footwear prices these days. Businesses in the sports footwear sector employ celebrity endorsements as a means of commercial expansion.
Additionally, businesses employ merger and acquisition tactics to support creative product development and the improvement of distribution facilities. The worldwide athletic footwear business is being shaped by the integration of IoT and digital connectivity technologies in athletic footwear, which aids in measuring an athlete’s fitness activities.
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Moreover, need for aerobic footwear is rising along with the number of gyms and fitness centers. As the e-commerce sector grows, more businesses will have the opportunity to offer their goods online, which will increase market demand.
Uncertain fluctuations in the cost and availability of raw materials, however, cause difficulties in the production process and are expected to limit market expansion. Furthermore, growing rivalry among major firms makes it difficult for new competitors to enter the market and slows down the expansion of the business.
By product type, the running shoes segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Training, competitive running, road running, trail running, track running, and trail running all require running shoes. The variety of running shoes was further investigated according to the most popular sports in each area.
By distribution channel, the online stores segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. This segment offers a specialized shopping experience focused on athletic footwear products.
By end-use Industry, the men’s segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. As men’s interest in athletics increases, women’s footwear is becoming more and more popular, especially in undiscovered areas.
CMI has comprehensively analyzed the Global Athletic Footwear market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Athletic Footwear industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Athletic Footwear Market:
- Nike Inc.
- Adidas AG
- VF Corporation
- Puma SE
- ANTA Sports Products Limited
- Skechers USA Inc.
- Under Armour
- New Balance Athletics Inc.
- Lotto Sport
- Li-Ning Company Limited
- ASICS Corporation
- Deckers Brands
- Columbia Sportswear Company
- Fila Fila Korea Ltd.
- Brooks Running Company
- ECCO Sko A/S
- Lanvin
- K-Swiss Inc.
- Diadora Sport S.p.A.
- La Sportiva
- Vivobarefoot
- Topo Athletic
- Hummel International Sport & Leisure A/S
- Others
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