Press release
Athletic Footwear Market to Discern Steadfast Expansion During 2024 - 2031 | Nike, Inc., Adidas Group, Crocs, Inc.
Athletic Footwear Market
The athletic footwear Market size is valued at US$ 132.6 Bn in 2024 and is expected to reach US$ 170.9 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Market Dynamics:
The athletic footwear market is expected to witness significant growth over the forecast period owing to two key drivers-
1. Growing health consciousness and participation in sports and fitness activities globally: With increasing awareness about health issues like obesity, people are more actively participating in various sports and fitness activities. This is increasing the demand for technologically advanced athletic shoes that provide comfort, support and prevent injuries.
2. Advancements in material and technology: Athletic shoe manufacturers are constantly innovating and developing new materials as well as technologies to provide enhanced performance, comfort and durability. The integration of technologies like blockchain, 3D printing and AI is further improving the features of athletic footwear.
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Major Driver 1: Increasing health awareness and fitness culture among consumers
A considerable percentage of people today, especially the younger population, are becoming more health conscious and focused on fitness. Regular exercise and sporting activities have become an important part of people's lifestyle. This has increased the demand for premium athletic shoes that provide better comfort, support and performance during workouts and sports. Athletic footwear brands are also promoting a fit and active lifestyle through their marketing campaigns which is further driving sales.
Major Opportunity: Growing participation in trail running
Trail running is gaining massive popularity worldwide as a low impact outdoor activity that allows runners to challenge themselves on natural non-standard running surfaces. More people are motivated to take up this cross-country running sport for its mental and physical benefits. This emerging trend presents a lucrative opportunity for footwear brands to launch specialized trail running shoes catering to different terrain and conditions. By offering innovative trail shoes, brands can expand their portfolio and tap into the increasing demand from this active community of runners.
Major Trend: Increasing popularity of minimalist or barefoot-style shoes
An ongoing trend observed in the athletic footwear industry is the rising popularity of minimalist or barefoot-inspired shoe designs. These lightweight shoes with flexible soles and fewer strips closely mimic the barefoot running experience. Many runners are adopting this natural running style for its claimed benefits like increased balance, flexibility and injury prevention. Leading brands are launching various minimal models that cater to both recreational and serious athletes. Minimalist shoes are expected to gain wider adoption as an impressive alternative to conventional cushioned offerings.
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Top Companies Featured in This Report:
★ Nike Inc.
★ Adidas Group
★ Crocs Inc.
★ Wolverine World Wide Inc.
★ Skechers U.S.A. Inc.
★ Under Armour Inc.
★ Puma AG
★ Geox SpA
★ K- Swiss
★ New Balance.
Market Segmentation:
By Product Type:
★ By Category: Insert Footwear (Aerobic Shoes, Athleisure Footwear, Running Shoes, and Walking Shoes), Sports (Cross Training) Footwear (Cricket Footwear, Tennis Shoes, and Other Sport Shoes), Hiking Shoes (Outdoor/ Rugged Footwear, Trekking and Walking Boots, and Other Athletics), and Backpacking Boots (Hiking Boots, Technical Shoes, and Approach Shoes)
★ By Consumer Group: Women, Men, and Kids
★ By Retail Distribution: Store-Based and Non-store Athletic
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Inquiries Addressed in this Report include:
📈 What was the size of the Athletic Footwear Market in 2024, and what is the projected value by 2031?
📈 What is the present global market landscape for the Athletic Footwear Market?
📈 What strategies offer optimal opportunities for growth maximization in the business?
📈 What recent trends are shaping the Athletic Footwear Market?
📈 How does the market share of Athletic Footwear Market revenue, sales, and size vary across specific geographical regions?
📈 Who are the prominent industry players in the Athletic Footwear Market?
📈 Which segment of the Athletic Footwear Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Athletic Footwear sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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