The global for Athletic Footwear Market, in 2022, had a total worth of USD 98.44 billion, and it is anticipated to climb to USD 180.98 billion by 2032. Throughout the forecast period, a robust compound annual growth rate (CAGR) of 7% is expected. Factors propelling this revenue surge include the growing popularity of athleisure fashion, heightened awareness of sports engagement for health and fitness, and an ongoing commitment by manufacturers to develop technologically advanced footwear that enhances performance while reducing the risk of injuries in response to consumer demand for both comfort and high performance in sports shoes.
Furthermore, the escalating demand for sports footwear across various sectors, encompassing sports, fitness, and leisure, is a pivotal driving force behind market revenue expansion. The global rise in the popularity of sports such as basketball, running, and football is also contributing to the increasing demand for athletic footwear.
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Top Profiled Companies in the Global Athletic Footwear Market Report:
- Nike, Inc.
- Adidas AG
- Under Armour, Inc.
- New Balance, Inc.
- Asics Corporation
- Puma SE
- Skechers USA, Inc.
- Reebok International Ltd.
- VF Corporation
- Brooks Sports, Inc.
- Salomon S.A.
Drivers of Athletic Footwear Market
- Celebrity Endorsements: Celebrity endorsements and collaborations between athletes, celebrities, and athletic footwear brands can significantly boost sales. Famous personalities can influence consumer choices and elevate brand visibility.
- Globalization and Emerging Markets: As the athletic footwear market expands to emerging markets and developing countries, there is an increasing demand for athletic footwear products. Rising disposable incomes and a desire for Western lifestyle trends drive growth in these regions.
- Health and Wellness Trends: With a greater focus on health and wellness, consumers are investing in quality athletic footwear to support their physical activities. This trend extends to various age groups, from children to older adults.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook:
- Running Shoes
- Basketball Shoes
- Football Shoes
- Tennis Shoes
- Cross-Training Shoes
- Others
End-Use Outlook:
- Men
- Women
- Children
Key Takeaways of the Global Athletic Footwear Market Report:
- A comprehensive overview of the global Sports Shoe industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Athletic Footwear Market.
- Elaborate study of the leading regional markets in the global Athletic Footwear Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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