The latest report on “Athletic Footwear Market (Product Type – Backpacking Shoes, Hiking Shoes, Insert Shoes, Sports Shoes, and Other Product Types; Distribution Channel – Retail Channel, and E-commerce; End User – Kids, Men, and Women): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global athletic footwear market is projected to grow at a CAGR of 2.6% over the forecast period of 2019-2025.
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Increasing Demand for Athletic Footwear as Casual or Fashion Wear is Driving the Growth of the Athletic Footwear Market
Athletic footwear is designed for those who indulge in sporting and fitness activities. However, these days it finds more usage as casual footwear. It is also known as sneakers, trainers and sports shoes. Athletic footwear is made from flexible and lightweight materials. The soles are made from rubber and synthetic materials. Spikes are provided on the soles of certain athletic footwear as per the requirement of the particular sporting activity. Athletic footwear protects the foot plantar surface, provides traction and motion control.
Athletic footwear provides midsole foot cushioning, which reduces stress on ankles, heel, and toes while running. Athletic footwear provides arch support, helps in prevention of injuries, helps in fixing overpronation, helps in fixing supination and improves the athletic performance. Various manufacturers are making athletic footwear by using recycled plastics and biodegradable materials, as part of their eco-friendly initiatives. Athletic footwear finds applications in sporting activities such as athletics, baseball, basketball, boxing, cricket, cycling, football, hockey, ice hockey among others. Athletic footwear also finds applications for gym activities, hiking, backpacking, running, walking, leisure activities, and casual use among others.
Adoption of advanced technologies, high quality advanced raw materials and introduction of various types of footwear for different uses are driving the growth of the global athletic footwear market. The inclination of consumers towards a healthy lifestyle and rising disposable income are driving the demand for the athletic footwear for casual, fitness and sporting purposes.
Moreover, the growing interest among people towards fitness, adventurous and sporting activities are generating demand for various type of athletic footwear to cope up with the demands of those activities. The increasing number of sporting events in a year is anticipated to drive the demand for athletic footwear from sportspersons. The increasing demand for athletic footwear as casual or fashion wear is driving the growth of the athletic footwear market.
The establishment of strong distribution channels and the expansion of e-commerce to smaller cities and towns are driving the growth of the global athletic footwear market. Use of 3D printing technology and lightweight materials are anticipated to enhance the growth of the market. The growing popularity of sporting events, huge investments by sporting franchises and the athletic footwear manufacturers to promote the stars and their brands are influencing the customers to buy replica apparels, athletic footwear, and other gears. The factors such as increasing awareness about the need for eco-friendly products, the use of recycled plastics and biodegradable materials for manufacturing are anticipated to drive the growth of the global footwear during the forecast period.
Asia-Pacific is the Largest and the Fastest Growing Region in the Athletic Footwear Market
Among geographies, Asia-Pacific is the largest and the fastest growing region in the athletic footwear market followed by Europe. The presence of huge aspiring young middle-class population with interest in fashion wear and sporting products drives the growth of the Asia-Pacific athletic footwear market.
Europe is the second largest athletic footwear market and it is expected to grow significantly due to the presence of a huge number of sporting events, sporting clubs and dedicated fan following. North America is expected to attain moderate growth rates due to the increasing raw material cost, higher labor cost as well as stiff competition among manufacturers.
The report on global athletic footwear market covers segments such as product type, distribution channel, and end user. On the basis of product type, the sub-markets include backpacking shoes, hiking shoes, insert shoes, sports shoes, and other product types. On the basis of distribution channel, the sub-markets include retail channel, and e-commerce. On the basis of end user, the sub-markets include kids, men, and women.
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The report provides profiles of the companies in the market such as Adidas AG, Asics Corporation, Converse Inc, Fila U.S.A., Inc., Nike Inc, Puma SE, Reebok Inc, VF Corp, Wolverine Worldwide Inc, Skechers U.S.A., Inc., and Other Companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the athletic footwear.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.