Athletic Footwear Market Size Predicted to Increase at a Positive CAGR Of 5.0% from 2022 to 2030

The global athletic footwear market size is expected to reach USD 196.62 billion by 2030, according to a new study by Polaris Market Research.

The growing prevalence of chronic disorders like obesity, anxiety, heart disease, and diabetes, among others, around the world has increased the importance of fitness activities, which in turn has boosted the athletic footwear industry's growth.

For instance, as per the WHO, an estimated 3.8% of the world's population suffers from depression, with adult cases accounting for 5.0% of cases and persons over 60 accounting for 5.7%. Around 280 million individuals worldwide suffer from depression.

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Additionally, as per the Center for Disease Control and Prevention (CDC), Cardiovascular disease claims one life in the United States every 36 seconds. Heart disease claims the lives of about 659,000 Americans yearly. The most prevalent type of heart disease, coronary heart disease, claimed 360,900 lives in 2019. CAD affects 18.2(about 6.7 % ) million persons in their 20s and older.

Adults under 65 years old account for almost 2 in 10 deaths from CAD. At the same time, people are beginning to understand how sports and fitness activities can promote good health and lower the risk of chronic diseases. Thus, the market demand for athletic footwear has been increasing to reduce risk.

Further, both young people and older people are currently engaging in sports and other fitness activities as part of a healthy lifestyle initiative to stay fit. While engaging in any physical activity, choosing the right footwear is important for comfort and injury prevention against the knee, back, and muscle pain.

Due to their use in varied situations, athletic footwear items are in high market demand. Numerous consumer groups, including sportsmen and climbers, use athletic footwear. Additionally, some clients care about their fitness, gym users, and those who use them for light exercise routines. Numerous styles of athletic footwear are made from premium raw materials including leather, foam, and plastic, with the aid of cutting-edge chemical additives.

Athletic Footwear Market Report Highlights

• The Sports shoe segment is anticipated to grow at a lucrative CAGR rate over the forecast period owing to the growing number of people who are concerned about their health and their intense interest in sports.

• Trekking and hiking accounted for a significant share of the global revenue share which is growing as a result of technical developments that have given hikers better comfort and flexibility.

• Asia Pacific market is expected to grow at a significant CAGR share over the projected period. Because of the rise in government initiatives to encourage sports and fitness, as well as the increased engagement in sports in emerging countries, Asia-Pacific is thought to be one of the regions with the quickest growth rates.

• The global market is highly competitive and include Asics Corporation, New Balance Athletics, Inc., Reebok International Ltd., Under Armour, Inc., Vans, Inc., VF Corporation, and Wolverine Worldwide, Inc.

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Polaris Market Research has segmented the athletic footwear market report based on type, end-use, distribution channel:

Athletic Footwear, Type Outlook (Revenue - USD Billion, 2018 - 2030)
• Aerobic Shoes
• Running Shoes
• Walking Shoes
• Trekking & Hiking Shoes
• Sports Shoes
o Tennis Shoes
o Soccer Shoes
o Basketball Shoes
o Cricket Shoes
o Others

Athletic Footwear, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
• Men
• Women
• Children

Athletic Footwear, Distribution Channel Outlook (Revenue - USD Billion, 2018 - 2030)
• Hypermarkets/Supermarkets
• Specialty Stores
• Brand Outlets
• Online Channels

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