Press release
Athletic Footwear Market Size to Hit USD 173.5 Billion by 2032 | Grow CAGR by 4%
๐๐ฅ๐จ๐๐๐ฅ ๐๐ญ๐ก๐ฅ๐๐ญ๐ข๐ ๐ ๐จ๐จ๐ญ๐ฐ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐ฌ: ๐๐๐ ๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐๐ฅ๐ฎ๐ ๐๐ฒ ๐๐๐๐๐๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ:
โ The global athletic footwear market size reached USD 121.0 Billion in 2023.
โ The market is expected to reach USD 173.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
โ Asia Pacific leads the market, accounting for the largest athletic footwear market share.
โ Running shoes account for the majority of the market share in the product type segment.ย
โ Specialty stores hold the largest share in the athletic footwear industry.
โ Men represents the leading end user segment.
โ The rising health and fitness trends are a primary driver of the athletic footwear market.
โ Innovation and technological advances and the emergence of e-commerce platforms are reshaping the athletic footwear market.
๐๐ซ๐๐ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/athletic-footwear-market/requestsample
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
โ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐ญ๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฌ:
Companies are striving to stay ahead in a competitive landscape and continually investing in research and development (R&D) to introduce groundbreaking advancements. These innovations include a wide array of aspects, including materials science, biomechanics, and manufacturing techniques. By leveraging cutting-edge technology, brands can enhance various performance attributes of footwear, such as cushioning, stability, and energy return. Moreover, technological advancements enable the creation of footwear designs that not only meet the rigorous demands of athletes but also cater to the aesthetic preferences of fashion-conscious users. This relentless pursuit of innovation ensures that athletic footwear remains at the forefront of both functionality and style.
โ ๐๐ข๐ฌ๐ข๐ง๐ ๐ก๐๐๐ฅ๐ญ๐ก ๐๐ง๐ ๐๐ข๐ญ๐ง๐๐ฌ๐ฌ ๐ญ๐ซ๐๐ง๐๐ฌ:
Individuals are prioritizing physical activity as part of their daily routines, whether through running, gym workouts, or outdoor sports, which is driving the need for footwear that can support and optimize performance. This demand extends beyond basic functionality to encompass specialized features that enhance stability, cushioning, and overall comfort during various activities. Moreover, as awareness grows regarding the benefits of an active lifestyle in maintaining personal wellness, more people are investing in high-quality athletic footwear to support their fitness endeavors. This trend reflects a broader cultural shift towards prioritizing health and well-being, where athletic footwear serves as both a practical tool and a symbol of commitment to an active lifestyle.
โ ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐ฆ๐๐ซ๐ ๐๐ง๐๐ ๐จ๐ ๐-๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐ฉ๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ๐ฌ:
The proliferation of e-commerce platforms is improving the way athletic footwear brands engage with buyers and distribute products. Brands are transcending geographical limitations and tapping into a wider user base by leveraging the power of online retail channels. This expanded reach enables them to target specific buyer segments more precisely, tailoring marketing strategies and product offerings to meet diverse preferences and needs. The convenience of online shopping further enhances the user experience, providing around-the-clock accessibility and eliminating the constraints of physical store locations. Moreover, e-commerce platforms offer a vast array of options, ranging from the latest releases to exclusive collaborations, catering to the ever-evolving tastes of discerning individuals.
๐๐ฎ๐ฒ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/checkout?id=6207&method=502
๐๐ญ๐ก๐ฅ๐๐ญ๐ข๐ ๐ ๐จ๐จ๐ญ๐ฐ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐:
โ Aerobic Shoes
โ Running Shoes
โ Walking Shoes
โ Trekking and Hiking Shoes
โ Sports Shoes
Running shoes exhibit a clear dominance in the market accredited to the growing popularity of running and fitness activities.
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ:
โ Supermarkets and Hypermarkets
โ Specialty Stores
โ Brand Outlets
โ Online Channels
Specialty stores represent the largest segment, as they provide expert advice, a wide selection of brands, and a focused shopping experience.
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ:
โ Men
โ Women
โ Kids
Men hold the biggest market share attributed to higher participation rates in various athletic activities.
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐๐ ๐ข๐จ๐ง:
โ North America (United States, Canada)
โ Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โ Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
โ Middle East and Africa
Asia Pacific dominates the market due to the increasing health consciousness among individuals, high sports participation rate, and the presence of major sports brands.
๐๐จ๐ฉ ๐๐ญ๐ก๐ฅ๐๐ญ๐ข๐ ๐ ๐จ๐จ๐ญ๐ฐ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐๐๐ซ๐ฌ:
The athletic footwear market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
โ Adidas AG
โ ASICS Corporation
โ FILA Holdings Corp
โ K-Swiss Inc.
โ New Balance Inc.
โ Nike Inc.
โ Puma SE
โ Reebok International Ltd.
โ Saucony
โ SKECHERS Inc.
โ Under Armour Inc.
๐๐ ๐ฒ๐จ๐ฎ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐ ๐๐ง๐ฒ ๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ญ๐ก๐๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐๐จ๐ฉ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ ๐๐ฌ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง.
๐๐ญ๐ก๐๐ซ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ:
๐๐๐๐๐ ๐๐ข๐ซ๐๐ซ๐๐๐ญ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/evtol-aircraft-market
๐๐ฒ๐๐ซ๐จ๐ฉ๐จ๐ฐ๐๐ซ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/hydropower-market
๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ ๐๐ง๐ฌ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง ๐๐๐ญ๐๐ซ๐ข๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/building-insulation-materials-market
๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ง๐ค๐ข๐ง๐ ๐๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/digital-banking-platform-market
๐๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐๐จ๐จ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/luxury-goods-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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