Press release
Athletic Footwear Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Athletic Footwear Market
The increase in sports competitions is projected to boost the expansion of the athletic footwear market. Sports competitions are events where a large number of participants compete in a particular structure to determine the final champion. There is a rising trend of individuals participating in local or regional competitions, showcasing their abilities and representing their countries on an international platform. Athletes and sports enthusiasts participating in various sports competitions are required to wear athletic shoes to ensure a safe and competitive event. For example, as per the England and Wales Cricket Board, cricket's governing body, around 2.6 million people participated in cricket in 2022, with roughly 1.4 million players under the age of 16. The increase in young cricket enthusiasts is attributed to the ECB's national initiatives, All Stars Cricket and Dynamos Cricket. These initiatives, for the second consecutive year in 2022, drew over 100,000 participants, contributing to the sport's popularity among newcomers. Consequently, the growth in sports competitions will promote the expansion of the athletic footwear market throughout the projected period.
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What growth opportunities are expected to drive the athletic footwear market's CAGR through 2034?
The market for athletic shoes has seen considerable expansion in the past few years. The market value is forecasted to rise from $85.25 billion in 2024 to $89.83 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.4%. This growth in the past period is a reflection of a surge in global sporting events, urbanization and active lifestyles, brand allegiance and sneaker culture, increased awareness of health and fitness, and the casualization of office attire.
There is an anticipated robust expansion in the athletic footwear market size in the upcoming years, with predictions suggesting it'll heighten to $115.9 billion by 2029, exhibiting a compounded annual growth rate (CAGR) of 6.6%. Factors propelling this growth during the forecast period include advancements in sustainable and environmentally friendly footwear, market development in emerging economies, the rise of sports tourism and events, blend of performance and lifestyle, as well as inclusivity and diversity. Key trends to look out for during the forecast period encompass technological integration, customization and individualization of products, collaborations and releases of limited editions, digital retail, direct-to-consumer (DTC) channels, classic retro and vintage styles, and the growing popularity of fitness apps and wearables.
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What are the emerging trends shaping the future of the athletic footwear market?
One significant trend gaining traction in the athletic footwear market is the increasing adoption of recycled materials in shoe production. Athletic footwear businesses are prioritizing the use of these recycled materials to decrease their carbon impact and achieve their unique sustainability objectives. For instance, in April 2022, the French sports equipment company Decathlon S.A. released the Traxium Compressor, a football shoe entirely produced from recycled thermoplastic sourced from used sporting goods like plastic balls and shoes.
Which growth-oriented segments of the athletic footwear market are leading the industry's development?
The athletic footwear market covered in this report is segmented -
1) By Product Type: Running Shoes, Sports Shoes, Trekking Or Hiking Shoes, Other Product Types
2) By End User: Men, Women, Kids
3) By Distribution Channel: Hyper markets Or Super markets, Specialty Stores, Brand Outlets, Online Channels
Subsegments:
1) By Running Shoes: Road Running Shoes, Trail Running Shoes, Racing Flats, Cushioned Running Shoes
2) By Sports Shoes: Basketball Shoes: Soccer Cleats, Tennis Shoes, Training Shoes, Cross-Training Shoes
3) By Trekking Or Hiking Shoes, Lightweight Hiking Shoes: Mid-Cut Hiking Boots, Backpacking Boots, Approach Shoes
4) By Other Product Types: Casual Athletic Shoes: Lifestyle Sneakers, Slip-On Athletic Shoes, Sandals And Slides
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What regions are leading the charge in the athletic footwear market?
North America was the largest region in the athletic footwear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the athletic footwear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the athletic footwear market?
Major companies operating in the athletic footwear market include Nike Inc., Adidas AG, Lining, VF Corporation, Puma SE, ANTA Sports Products Limited, Skechers USA Inc., Under Armour, New Balance Athletics Inc., Lotto Sport, Li-Ning Company Limited, ASICS Corporation, ASICSTIGER, Deckers Brands, Columbia Sportswear Company, Fila, Fila Korea Ltd., Mizuno Corporation, On AG, Brooks Running Company, ECCO Sko A/S, K-Swiss Inc., Diadora Sport S.p.A., Umbro, Keen Inc., Saucony, Warrior, Salomon, Tecnica Group S.p.A., La Sportiva, Vivobarefoot, Helly Hansen, Topo Athletic, Hummel International Sport & Leisure A/S
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What Is Covered In The Athletic Footwear Global Market Report?
• Market Size Forecast: Examine the athletic footwear market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the athletic footwear market for a structured understanding.
• Key Players Overview: Analyze major players in the athletic footwear market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the athletic footwear market.
• Segment Contributions: Evaluate how different segments drive overall growth in the athletic footwear market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the athletic footwear market.
• Industry Challenges: Identify potential risks and obstacles affecting the athletic footwear market.
• Competitive Landscape: Review strategic developments in the athletic footwear market, including expansions, agreements, and new product launches.
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