Asia-Pacific Athletic Sportswear and Footwear Market Evaluated to Grow at $110,586.9 Million, Fueled by Strong CAGR of 4.3%

The Asia-Pacific athletic sportswear and footwear market size was valued at $89,596.3 million in 2019, and is projected to reach $110,586.9 million by 2027, registering a CAGR of 4.3% from 2021 to 2027. Athletic sportswear and footwear are worn during workout sessions or while performing sporting and recreational activities. Initially, sports apparels were mostly worn by athletes but, with time, they have become common with regular gym-goers and other non-athletes, which acts as a key growth driver of the overall market. In addition, the expansion of distribution channels such as online stores, specialty stores, supermarkets, and hypermarkets, in Asia-Pacific has made these athletic sportswear and footwear easily accessible to users, which, in turn, contributes toward the market growth. Furthermore, presently fashionable athletic sportswear and footwear with vibrant colors is one of the increasing Asia-Pacific athletic sportswear and footwear market trends among the users.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐓𝐡𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐎𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/10287

The growth of the athletic sportswear and footwear market is attributed to increase in fitness conscious consumers in countries like India, China, and others. Furthermore, rise in expenditure on sports training and development among children, owing to increase in consciousness about the benefits of engaging in sports activities such as increased concentration and problem-solving ability fuels the demand for athletic sportswear and footwear market in terms of value sales. Moreover, changing paradigm of educational system supports the growth of the sport industry and industries dependent on it. In addition, rise in sports education and sports training in academics has significantly increased the awareness toward sports and fitness. Thus, many school/educational institutes are offering training to the students, providing them an opportunity to compete in various sports competitions.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
NIKE, INC.
ASICS CORPORATION
UNDER ARMOUR, INC.
BROOKS RUNNING COMPANY
ADIDAS AG (ADIDAS)
FILA HOLDING CORPORATION
SKECHERS USA, INC.
LI NING COMPANY LIMITED
PUMA SE
NEW BALANCE, INC.

In addition, busy and hectic lifestyle coupled with growing instances of consumers choosing outdoor activities such as adventure sports to unwind or break the monotony of their daily life boosts the athletic sportswear and footwear market growth. Furthermore, initiatives taken by various governments in countries like India, Australia, and others to promote sports, health, and fitness have led to increased consciousness about sports and sports-related products such as sport shoes, running and walking shoes, tracksuits and others, which in turn drives the growth of market.

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐀𝐭𝐡𝐥𝐞𝐭𝐢𝐜 𝐒𝐩𝐨𝐫𝐭𝐬𝐰𝐞𝐚𝐫 𝐚𝐧𝐝 𝐅𝐨𝐨𝐭𝐰𝐞𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
The Asia-Pacific athletic sportswear and footwear market is segmented into product type, sports, user, and country. By product type, it is classified into sports shoes, running & walking shoes, hiking & backpacking shoes, aerobic & gym wear shoes, tracksuits & jerseys, t-shirts & shorts, and others. On the basis of sports, it is divided into football, cricket, basketball, tennis, adventure sports, cycling, yoga & gymnastics, running, boxing and others. Depending on user, it is differentiated 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.

By product type, the running & walking shoes segment accounted for the highest Asia-Pacific athletic sportswear and footwear market share in 2019. This is attributable to the IoT-embedded smart running shoes, which enable end users to monitor, track, analyze, maintain fitness, and improve their performance through different connected apps in a smartphone or other devices, thus making athletic sportswear and footwear products popular among users.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/10287

On the basis of sports, the yoga & gymnastic is anticipated to register the fastest growth, as users are now becoming more health conscious and are focusing on leading a healthy lifestyle.
Country wise, China was the highest contributor to the market in 2019, and is expected to remain dominant through 2021-2027. However, India is expected to witness a notable growth in terms of value sales during the forecast period.

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲 :
• By product type, the running and walking shoes segment accounted for the highest market share in 2019, growing at a CAGR of 3.8% from 2021 to 2027.
• By sports, the running segment accounted for the highest market share in 2019, growing at a CAGR of 4.4% from 2021 to 2027.
• By users, the men segment accounted for the highest market share in 2019, growing at a CAGR of 3.6% from 2021 to 2027.
• Country wise, China occupied maximum share in the Asia-Pacific athletic sportswear and footwear market in 2019 and is expected to dominate the market during the forecast period.

𝐋𝐈𝐌𝐈𝐓𝐄𝐃-𝐓𝐈𝐌𝐄 𝐎𝐅𝐅𝐄𝐑 - 𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐎𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/2b8e3569915ebc46781615aff5a0566e

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𝐅𝐑𝐄𝐐𝐔𝐄𝐍𝐓𝐋𝐘 𝐀𝐒𝐊𝐄𝐃 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍𝐒?
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𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Athletic Footwear Market https://www.alliedmarketresearch.com/athletic-footwear-market
Sports Equipment and Apparel Market https://www.alliedmarketresearch.com/sports-equipment-and-apparel-market
Winter Sports Equipment Market https://www.alliedmarketresearch.com/winter-sports-equiment-market-A16904
Water Sports Gear Market https://www.alliedmarketresearch.com/water-sports-gear-market-A06301

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