Athletic Footwear Market Size 2023: Global Share, Industry Trends And Statistics Report, 2028

Industry Overview of Athletic Footwear Market

Athletic footwear, also known as sports shoes, is a specialized footwear that is designed to enhance performance and provide comfort during various physical activities, such as sports, exercise, and outdoor recreation. They are manufactured with advanced materials, cushioning technologies, and specialized sole designs to offer support, stability, and protection to the feet of individuals. It assists in reducing the risk of injuries, improving athletic performance, and ensuring optimum foot comfort during prolonged physical activities. As they are widely used in several sports activities, such as running, basketball, soccer, tennis, and cross-training, the demand for athletic footwear is rising across the globe.

How Big Is the Athletic Footwear Market?

The global athletic footwear market size reached US$ 116.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 189.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

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Global Industry Trends and Drivers:
At present, the increasing focus on health and fitness among the masses around the world represents one of the primary factors propelling the market growth. Apart from this, the rising number of participants in sports events across the globe is supporting the market growth. In addition, the growing demand for stylish and comfortable sports shoes among individuals is offering a positive market outlook. Additionally, the increasing preference for eco-friendly athletic footwear options that reduce environmental impact is contributing to the growth of the market. Furthermore, the rising adoption of athletic footwear due to the increasing social media influence on people is impelling the growth of the market.

Athletic Footwear Market Growth and Opportunities:

The athletic footwear market is expected to witness significant growth and offers several opportunities for industry players. One key growth factor is the increasing health and fitness consciousness among consumers, leading to higher demand for athletic footwear for sports and exercise activities. The rising participation in recreational sports and outdoor activities further contributes to market growth. Additionally, the growing popularity of athleisure fashion and the trend of wearing athletic footwear as casual footwear present opportunities for market expansion. Moreover, technological advancements in materials and designs, such as lightweight and durable fabrics, advanced cushioning systems, and improved traction, are driving product innovation and attracting consumers. The e-commerce boom has also opened up new avenues for market growth, providing convenient online platforms for consumers to purchase athletic footwear. Furthermore, emerging markets, particularly in Asia-Pacific and Latin America, offer untapped opportunities for market expansion due to increasing disposable incomes and changing lifestyles. Overall, the athletic footwear market is poised for growth, driven by shifting consumer preferences, technological advancements, and expanding market reach.

What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Product Type:
• Aerobic Shoes
• Running Shoes
• Walking Shoes
• Trekking and Hiking Shoes
• Sports Shoes

Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Specialty Stores
• Brand Outlets
• Online Channels

Breakup by End User:
• Men
• Women
• Kids

Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

Who Are The Key Players Operating In The Industry?

The report covers the major market players including:
• Adidas AG
• ASICS Corporation
• FILA Holdings Corp
• K-Swiss Inc.
• New Balance Inc.
• Nike Inc.
• Puma SE
• Reebok International Ltd.
• Saucony
• SKECHERS Inc.
• Under Armour Inc.

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