Sports Footwear market to reach USD 141.79 Bn by 2029, emerging at a CAGR of 4.8 percent and forecast 2023-2029

Sports Footwear market Report Scope and Research Methodology

The Sports Footwear Market, valued at US$ 141.79 Bn. in 2029, is expected to exhibit robust growth at a CAGR of 4.8% throughout the forecast period.

Maximize Market Research Pvt Ltd presents a detailed and insightful analysis of the Sports Footwear Market, encompassing market dynamics, drivers, restraints, opportunities, recent developments, and regional insights. The report provides a comprehensive understanding of the market landscape and aims to guide stakeholders in making informed decisions.

The report employs a rigorous research methodology to ensure accuracy and reliability. It includes a detailed study of market dynamics, segment analysis, and a thorough examination of key players. The methodology encompasses primary and secondary research, ensuring a holistic and well-informed market assessment.

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Sports Footwear market Dynamics:

Market Growth: A prominent trend driving market expansion is the adoption of eco-friendly materials in the production of sports shoes. The increasing focus on environmental preservation has led consumers to actively seek sustainable footwear options. In response to this demand, several manufacturers are dedicated to meeting customer expectations by consistently innovating in the production of sustainable and environmentally friendly footwear. A notable example is Adidas, which introduced its inaugural line of 100% recyclable running shoes in April 2022.

The anticipated surge in the footwear market between 2022 and 2029 can be attributed to the heightened participation of children and teenagers in sports. Today, a substantial portion of the younger demographic engages in sports activities to maintain a healthy and active lifestyle. In the 2021-2022 academic year, the United States witnessed 7,937,491 students actively participating in high school sports. This surge in demand is further fueled by the expanding awareness of sports, increased international participation in various sports and games, and a growing inclination towards fitness among children.

Sports Footwear market Regional Insights:

In 2021, the North American region asserted its market dominance, holding a substantial 32.6% share. The region is poised for continued growth, driven by a large population actively engaged in outdoor sports and adventurous activities. Notably, an estimated 50.5% of the US population participated in outdoor pursuits. Additionally, the escalating influence of e-commerce enterprises facilitating product transactions is anticipated to boost demand, with business-to-consumer e-commerce sales reaching USD 1,098 billion in the United States in 2021.

The Asia Pacific region is forecasted to experience significant growth, with a projected CAGR of 5.1% throughout the forecast period. This growth is attributed to increased consumer spending, propelled by robust economic development and higher disposable incomes. The GDP per capita income in East Asia and the Pacific rose from 26.351 trillion to 26.925 trillion in 2021. Furthermore, the thriving sports industry, encompassing cricket, football, basketball, and others, is expected to contribute to the region's sports footwear business expansion. Notably, the brand value of the Indian Premier Competition surged by 7% in September 2021, further indicating the region's promising market trajectory.

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Sports Footwear market Segmentation:

End Users: Men's segment expected to dominate due to the male population's preference for sports.

Distribution Channel: Offline sector leading, but online segment expected to grow significantly in the coming years.

by Type

Athletics
Non- Athletics

by Distribution Channel

Online
Offline

by End Users

Men
Women
Kids

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Sports Footwear market Key Players:

1. Nike Inc
2. Adidas AG
3. Under Armour
4. Puma SE
5. Skechers
6. New Balance
7. Asics
8. Brooks
9. Yonex
10.Fila Korea
11.Crocs Inc
12.Wolverine World Wide
13.Geox SpA
14.K-Swiss
15.V F Corporation
16.Reebok
17.Lotto Sports Italia
18.Anta

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Table of content for the Sports Footwear market includes:

1. Global Sports Footwear market: Research Methodology

2. Global Sports Footwear market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3.Global Sports Footwear market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4 . Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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