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Emerging Trends to Reshape the Athletic Footwear Market: Advanced Solutions Enhanced Athletic Footwear Market Presence as a Key Influencer
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Athletic Footwear Market Size By 2025?
The size of the athletic footwear market has seen significant growth over the most recent years. Estimated to expand from $85.25 billion in 2024 to $89.83 billion in 2025, it maintains a compound annual growth rate (CAGR) of 5.4%. This growth rate during this historic phase is credited to factors like widespread global sporting events, the rise of urbanization and active living, brand fidelity and the influence of sneaker culture, a heightened awareness of health and fitness, and the casualization of workplace attire.
How Big Is the Athletic Footwear Market Size Expected to Grow by 2029?
The size of the athletic footwear market is set to experience substantial expansion in the coming years, with predictions for it to reach a valuation of $115.9 billion in 2029, fueled by a compound annual growth rate (CAGR) of 6.6%. This growth during the forecasted period can be linked to factors such as eco-conscious and sustainable footwear, developing market expansions, sports-centered tourism and occasions, the fusion of performance and lifestyle, as well as inclusivity and diversity. Key trends expected within this span include technology integration, customized and personalized shoes, partnerships and exclusive edition drops, the rise of digital commerce and direct-to-consumer (DTC) models, the revival of retro and vintage looks, and the engagement with fitness applications and wearable devices.
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Which Key Market Drivers Powering Athletic Footwear Market Expansion and Growth?
The uptick in athletic competitions is predicted to drive the expansion of the athletic footwear industry. These competitions often involve a large number of contestants battling one another in set formats to emerge as champions. Many are choosing to take part in local or regional contests, using these platforms to showcase their skills and represent their countries on an international level. Everyone participating, whether they are professionals or amateurs, is required to wear athletic footwear to ensure the tournament is safe and competitive. For example, the England and Wales Cricket Board, the ruling authority of cricket, stated in May 2023 that roughly 2.6 million people participated in cricket during 2022, with around 1.4 million players aged under 16. The rise in youthful interest in cricket is as a result of national initiatives such as All Stars Cricket and Dynamos Cricket, which for a second consecutive year in 2022, garnered over 100,000 attendees and promoted the sport among novices. Thus, the increasing quantity of athletic tournaments will fuel the expansion of the athletic footwear industry within the prediction period.
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Which Fast-Growing Trends Are Poised to Disrupt the Athletic Footwear Market?
A significant trend emerging in the athletic footwear sector is the increased incorporation of recycled material in shoe production. Firms in the athletic footwear industry are shifting their focus towards using recycled materials in their shoes as an effort to minimize their carbon impact and achieve their specific sustainability objectives. For example, Decathlon S.A., a sports equipment company based in France, introduced the Traxium Compressor in April 2022. This football shoe is entirely made from recycled thermoplastic sourced from discarded sports equipment like plastic balls, shoes, and other items.
What Are the Emerging Segments in the Athletic Footwear Market?
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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Athletic Footwear Industry?
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.
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