Global Athletic Footwear Market Opportunities, Key Growth Factors, Ongoing Trends, Market Perspective and Forecast till 2022

Athletic footwear are the products worn by athletes and are special purpose footwear. The global athletic footwear market is driven by various benefits associated with athletic footwear. These products provide enhanced foot protection, improved functionality as per sport, easy movement, foot control, cushioning as well as heel stabilization. Europe region is considered to be the most lucrative region for the growth of the global athletic footwear market. The report, compiled by Fact.MR, provides in-depth analysis of the global athletic footwear market for the forecast period 2017-2022, and offers key insights about future market direction.

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The next section offers an overview of the athletic footwear market. This comprises an introduction to the market, along with a standard definition of the product – athletic footwear. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global athletic footwear market, the report provides updates about market opportunities, which can benefit leading manufacturers of athletic footwear. With continuous evolution of the sports industry, keeping a record of latest developments and trends is fundamental for athletic footwear manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

7 Forecast Highlights on Global Athletic Footwear Market

1. 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

2. 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

3. 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

4. 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

5. 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

6. 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

7. 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%.

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Europe Region has Higher Market Attractiveness

Europe region shows high market attractiveness index and is more lucrative region for the global athletic footwear market. The market share of Europe is high and it dominates the global market by region and is poised to grow at a moderate growth rate. Asia-Pacific excluding Japan (APEJ) region is anticipated to grow at the highest growth rate reflecting a CAGR of 5.2% during the forecast period. APEJ region shows high potential during the forecast period. Other regions have a significant market share in the global athletic footwear market.

Economy Segment has Dual Plus Points

The economy segment by price-based type shows higher growth rate as compared to other segments and also higher market share by revenue thereby dominating the global market. It is also anticipated that this segment will gain higher BPS by the end of 2022. The super-premium segment is also growing at the same growth rate as economy segment but the market share of economy segment is almost double than that of the super-premium segment.

Women go ahead; Men Dominate Anyway

Women segment by demographics is poised to show higher growth rate throughout the forecast period. However, the men segment dominate the global market by demographics and reflect a market share of 40.4% as of 2017 and this trend is poised to continue throughout the forecast period of 2017 to 2022. The women segment is likely to witness higher gain in BPS by the end of 2022.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of the global basketball shoes market through 2022, which include ASICS Corporation, New Balance INC., Skechers, INC., VF Corporation, Deckers Outdoor Corporation, Wolverine World Wide, Inc., Amer Sports Corporation, NIKE Inc., Adidas AG, PUMA SE and K-Swiss INC.

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About Fact.MR
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