Athletic Footwear Market Expected to Hit US$ 83 Bn by 2022
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7 Forecast Highlights on Global Athletic Footwear Market
Europe region shows higher market attractiveness and dominates the global market with respect to higher revenue share. Asia-Pacific excluding Japan (APEJ) region is poised to grow at the highest rate reflecting a CAGR of 5.2% during the period of forecast
Specialty boots segment by product type is anticipated to grow at a higher growth rate, yet has less market share. The running shoes segment by product type dominates the global market in terms of higher revenue share during 2017 and this trend is anticipated to continue during the forecast period
From an investment standpoint, there is a tough call to make between running shoes segment and backpacking shoes segment as there is less difference between their market shares. However, the backpacking shoes segment has higher growth rate compared to running shoes segment. Backpacking shoes segment is poised to reflect a CAGR of 4.4% during the period of forecast
Men segment by demographics dominates the market and reflects a market share of 40.4% as of 2017. However, the women segment by demographics is anticipated to grow at the highest growth rate during the period of forecast of 2017 to 2022. The kids segment shoes a slow growth rate and is expected to experience a loss in BPS by the end of 2022
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Economy segment by price-based type dominates the market and a higher gain in the BPS by 2022 end. The super-premium segment is expected to grow at a similar pace as economy segment during the period of forecast
Sport stores segment by distribution channel dominates the market in terms of higher market share and a moderate growth rate throughout the forecast period. Hypermarket/supermarket segment gives tough competition to this segment, their market shares having not much of a difference. Although, hypermarket/supermarket segment grows at a comparatively higher growth rate than sport stores segment during the forecast period
Specialty stores segment is poised to grow at the highest growth rate as compared to other segments by distribution channel throughout the period of forecast and is poised to reflect a CAGR of 5%.
The report has also profiled leading players in the global market for athletic footwear, which would remain active through 2022. These include companies like K-Swiss INC., PUMA SE, Adidas AG, NIKE Inc., Amer Sports Corporation, Wolverine World Wide, Inc., Deckers Outdoor Corporation, VF Corporation, Skechers, INC., New Balance INC., and ASICS Corporation.
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