Athletic Sportswear and Footwear Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Asia Pacific Athletic Sportswear and Footwear Market
The Asia-Pacific athletic sportswear and footwear market was valued at USD 89,596.3 Million in 2019, and is projected to reach USD 110,586.9 Million by 2027, registering a CAGR of 4.3% from 2021-2027.

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Athletic sportswear and footwear are sporting goods that are majorly worn while performing sporting and recreational activities or during workout sessions. Athletic sportswear and footwear include aerobic & gym wear shoes , running shoes, tracksuits & jerseys and others. They are easily available in the market through various distribution channels, including franchise store, online stores, supermarkets/hypermarket, and specialty stores.
Increase in penetration of internet and continuous expansion of online stores are the major factors that drive the growth of the Asia-Pacific sportswear and footwear market.
Consumers are becoming more health conscious due to work-related stress and lifestyle disorders in the countries such as India, China, and Japan. Thus, increase in number of health-conscious consumers has created a strong demand for athletic sportswear and footwear, which, in turn, augments the growth of the overall market. Moreover, rise in trend of fashionable sports apparel is fueling the growth of athletic sportswear and footwear market. Furthermore, continuous innovation in sportswear and footwear notably contributes toward the growth of the market. For instance, Adidas launched electronic-enabled shoes (smart shoe) that exhibit shock-absorbing feature depending on body weight, running style, speed, and running surface.
However, increase in proclivity of kids in indoor leisure activities is likely to hamper the growth of the market during the forecast period. On the contrary, increase in participation of women in sports is anticipated to offer remunerative opportunity for the expansion of the Asia-Pacific athletic sportswear and footwear market in the near future.
The Asia-Pacific athletic sportswear and footwear market is segmented into product type, sports, user, and country. By product type, the market is classified into sports shoes, running & walking shoes, hiking and backpacking shoes, aerobic & gym wear shoes, tracksuits & jerseys, t-shirts & shorts, and others. Depending on sports, it is fragmented into football, cricket, basketball, tennis, adventure sports, cycling, yoga & gymnastics, running, boxing, and others. On the basis of user, it is segregated into men, women, and kids. Country wise, it is studied across China, Hong Kong, Taiwan, India, Indonesia, Thailand, Philippines, Vietnam, Malaysia, Singapore, South Korea, Japan, Australia, New Zealand, South Africa, UAE and rest of Asia-Pacific.
The major players in the Asia-Pacific athletic sportswear and footwear industry analyzed in this report include Adidas AG, Asics Corporation, Brooks Running Company, Fila Holding Corporation, Li Ning Company Limited, New Balance, Inc. Nike, Inc., Puma Se, Skechers USA, Inc., and Under Armour, Inc. These players focus on prominent strategies to overcome competition and maintain as well as improve their share worldwide.

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By Product Type
o Sports Shoes
o Running and Walking Shoes
o Hiking and Backpacking Shoes
o Aerobic and Gym Wear Shoes
o Tracksuits and Jerseys
o T Shirts and Shorts
o Others

By Sports
o Football
o Cricket
o Basketball
o Tennis
o Adventure Sports
o Cycling,
o Yoga and Gymnastics
o Running
o Boxing
o Others

By User
o Men
o Women
o Kids

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