Press release
Demand for Athletic Footwear Market Is Anticipated To Evolve at 4.6% CAGR by 2031
Market Size and Growth
In 2022, the global athletic footwear market was valued at approximately US$ 115.6 Mn. It is projected to reach US$ 180.2 Mn by 2031, growing at a compound annual growth rate (CAGR) of 4.6% over the forecast period.
Get a Glimpse Inside: Explore key findings and insights from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=313
Market Drivers and Challenges
Drivers
• Health and Fitness Awareness: The increasing emphasis on health and fitness has led to a surge in demand for athletic footwear suitable for various physical activities.
• Athleisure Trend: The blending of athletic and leisurewear has popularized athletic footwear as everyday fashion, expanding its consumer base.
• Technological Innovations: Advancements such as smart shoes with embedded sensors for performance tracking are attracting tech-savvy consumers.
• E-commerce Expansion: The growth of online retail platforms has made athletic footwear more accessible to a broader audience.
Challenges
• Intense Competition: The market is highly competitive, with numerous global and regional players vying for market share, leading to price wars and reduced profit margins.
• Counterfeit Products: The proliferation of counterfeit athletic footwear undermines brand reputation and affects sales of genuine products.
• Environmental Concerns: The production and disposal of athletic footwear contribute to environmental pollution, prompting calls for sustainable practices.
Market Trends
• Sustainability: Brands are increasingly focusing on eco-friendly materials and sustainable manufacturing processes to meet consumer demand for environmentally responsible products.
• Smart Footwear: The integration of technology, such as fitness tracking sensors and GPS, into athletic footwear is gaining traction, offering users enhanced functionality.
• Customization: Consumers are seeking personalized footwear options, leading brands to offer customizable designs and fits.
• Digital Marketing: Companies are leveraging social media and digital platforms to engage with consumers and promote their products effectively.
Competitive Landscape
• Adidas AG
• Asics Corporation
• Brooks Sports, Inc.
• Fila, Inc.
• K-Swiss, Inc.
• Lotto Sport Italia
• New Balance Athletics, Inc.
• Nike, Inc.
• Puma SE
• VF Corporation
Emerging brands like Allbirds and Hoka One One are gaining popularity by offering eco-friendly and performance-oriented products, appealing to environmentally conscious consumers.
Get A Full Report Analysis: https://www.transparencymarketresearch.com/athletic-footwear-market.html
Future Outlook
The athletic footwear market is poised for continued growth, driven by innovation, sustainability, and the expanding athleisure trend. Brands that invest in research and development, embrace eco-friendly practices, and leverage digital marketing are likely to gain a competitive edge. The integration of smart technologies into footwear is expected to open new avenues for growth, catering to the evolving preferences of consumers.
Key Market Study Points
• Market Size and Forecast: Understanding the current market size and projected growth rates.
• Consumer Behavior: Analyzing purchasing patterns and preferences.
• Technological Advancements: Assessing the impact of innovations on product offerings.
• Competitive Analysis: Evaluating the strategies of key market players.
• Regulatory Environment: Understanding the impact of regulations on manufacturing and sustainability practices.
Market Segmentation
By Product Type
• Running Shoes: Designed for performance and endurance.
• Training Shoes: Suitable for gym workouts and cross-training.
• Lifestyle Shoes: Combining style with comfort for everyday wear.
• Outdoor Shoes: Built for hiking and trail activities.
By End User
• Men: Largest consumer segment, driven by sports participation.
• Women: Growing segment due to increased involvement in fitness activities.
• Children: Demand driven by school sports and recreational activities.
By Distribution Channel
• Hypermarket/Supermarket: Offering a wide range of products.
• Specialty Stores/Sporting Goods Stores: Providing expert advice and specialized products.
• Department Stores: Offering a variety of brands under one roof.
• Online Stores/E-commerce: Gaining popularity due to convenience and variety.
Regional Analysis
• North America: Dominates the market with a strong sports culture and high consumer spending.
• Asia-Pacific: Fastest-growing region, driven by urbanization and increasing health awareness.
• Europe: Stable growth supported by a strong emphasis on fitness and outdoor activities.
• South America and Middle East & Africa: Emerging markets with potential for growth due to increasing sports participation and economic development.
Recent Developments
• Nike: Launched the Converse Run Star Trainer, blending retro and modern aesthetics.
• PUMA: Announced a partnership with HYROX, becoming the official apparel and footwear partner for all HYROX races from 2024 to 2027.
• ASICS: Introduced the GEL-KAYANO, a stability running shoe featuring new technologies for adaptive stability and comfort.
• Under Armour: Unveiled an eco-friendly line of sneakers made from recycled plastic materials.
• Skechers: Expanded its global footprint by opening new retail stores in emerging markets such as India and Brazil.
More Trending Reports by Transparency Market Research
Wellness Real Estate Market - https://www.transparencymarketresearch.com/wellness-real-estate-market.html
Workplace Wellness Market - https://www.transparencymarketresearch.com/workplace-wellness-market.html
Sexual Wellness Products Market - https://www.transparencymarketresearch.com/sexual-wellness-products-market.html
Golf Apparel and Shoes Market - https://www.transparencymarketresearch.com/golf-apparel-and-shoes-market.html
Organic Period Care Products Market - https://www.transparencymarketresearch.com/organic-period-care-products-market.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Demand for Athletic Footwear Market Is Anticipated To Evolve at 4.6% CAGR by 2031 here
News-ID: 4019367 • Views: …
More Releases from Transparency Market Research Inc.
Carpets & Rugs Industry Is Projected To Reach US$ 123.73 Bn By 2031
The global carpets and rugs market is undergoing significant transformation, driven by evolving consumer preferences, technological advancements, and a heightened focus on sustainability. These floor coverings, integral to both residential and commercial spaces, offer aesthetic appeal, comfort, and functionality. The market's growth trajectory is influenced by factors such as urbanization, increased disposable incomes, and the rising trend of home renovations.
Market Size and Growth
As of 2021, the global carpets and rugs…
Oral Care Products Market is Expected to Gain Popularity Across the Globe by 203 …
The global oral care products market is undergoing significant transformation, driven by technological advancements, heightened consumer awareness of dental hygiene, and a growing preference for natural and sustainable products. The market encompasses a wide range of products, including toothpaste, toothbrushes, mouthwashes, dental accessories, and denture care items. The integration of smart technologies and the rise of eco-friendly products are reshaping consumer preferences and industry dynamics.
Market Size and Growth
In 2022,…
Sales of Baby Diaper Market is Set to Increase at Under 5.1% CAGR by 2031
The global baby diaper market has experienced significant growth from 2022 to 2031, driven by factors such as rising birth rates in emerging economies, increased urbanization, and growing awareness of infant hygiene. The market encompasses various product types, including disposable, cloth, training pants, and biodegradable diapers, catering to diverse consumer preferences and needs.
Market Size and Growth
In 2021, the global baby diaper market was valued at approximately US$ 36.5 Bn…
Global Demand for Pet Care Market is Expected to Progress to Reach US$ 298.7 Bn …
The global pet care market is undergoing a significant transformation, driven by the increasing humanization of pets, technological advancements, and a heightened focus on pet health and wellness. Pets are increasingly viewed as integral family members, leading to a surge in demand for premium products and services that cater to their well-being. This shift encompasses various sectors, including nutrition, grooming, healthcare, and entertainment, reshaping the landscape of the pet care…
More Releases for Athletic
Global Athletic Swimwear Market, Global Athletic Swimwear Industry, Covid-19 Imp …
Swimwear is a special type of clothing or costume intended to be worn by people who swim, practice water sports, surfing, swimming, water skiing, or even sunbathing. Nowadays, different styles of swimsuits are available. These vary based on body covering and materials. Various fabrics used to make swimwear include spandex, polyester, nylon, and other blended fabrics that give it the stretch it needs and make it resistant to chlorine, sun…
Sports Nutritional Supplements: Focusing on Athletic Needs!
ResearchMoz present a comprehensive research report namely "Global Sports Nutritional Supplements Market Research Report 2019" which reveals an extensive analysis of global industry by delivering the detailed information about Forthcoming Trends, Customer’s Expectations, Technological Improvements, Competitive Dynamics and Working Capital in the Market. This is an in-depth study of the market enlightening key forecast to 2025.
The global Sports Nutritional Supplements market is valued at million US$ in 2018 is expected…
Athletic Footwear Market Global Business Overview 2019
Global Athletic Footwear Market reports are thorough analysis a careful investigation of around the world which enables the client to assess the long haul based request and predicts exact executions. The development rate which is really anticipated relying upon the scholarly examination gives thorough data on the overall Athletic Footwear industry.
Access Full Information @ http://researchreport.biz/global-athletic-footwear-market/
The drivers and restrictions are really assembled after the entire consciousness of the worldwide industry…
Athletic Shoes 2019 Global Market Key Players – Zamberlan, Deckers, Saucony, T …
Athletic Shoes Market 2019
Wiseguyreports.Com Adds “Athletic Shoes – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2023” To Its Research Database.
Description:
The Athletic Shoes market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the Athletic Shoes industrial chain, this report mainly elaborate the definition, types, applications and…
North America's Footwear Market By Type (Athletic footwear and non-athletic foot …
Researchmoz added Most up-to-date research on "North America's Footwear Market By Type (Athletic footwear and non-athletic footwear) By Gender (Men's Footwear, Women's Footwear)" to its huge collection of research reports.
The North America footwear market is categorized into athletic and non-athletic footwear. Athletic footwear refers to all kinds of footwear designed for sports purpose or for other forms of physical exercises which includes insert shoes, sports (Cross Training), hiking shoes and…
GLOBAL Athletic Footwear MARKET REPORT 2017
Athletic Footwear
Covered In This Report:
This report studies the Athletic Footwear market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions, and splits the Athletic Footwear market by product type and applications/end industries.
The global Athletic Footwear market is valued at XX million USD in 2016 and is…
