Global Athletic Footwear Market
Posted by Aarti ghodke on February 27th, 2020
Global Athletic Footwear Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 31.01% during forecast period.
Global Athletic Footwear Market
Major drivers of the global athletic footwear market are growing health awareness and safety consciousness. Currently, there is a movement for fitness and physical activities among individuals encouraging them for regular exercise resulting in increasing demand for the global athletic footwear market. Rising awareness among people about the benefits of sports and exercises is expected to fuel the growth of the target market shortly. Rising demand for sports shoes among individuals, to avoid injury during exercise. Changing lifestyle and its effects like diabetes, high blood pressure, and depression are also making people more focused on daily exercises like yoga, jogging, and gym.
However, the rising cost of raw materials and environmental concerns regarding the use of synthetic rubber in athletic footwear production are factors expected to hamper growth of the global athletic footwear market.
Development of cost-effective athletic footwear and use of 3D printing technology for manufacturing can create high revenue opportunities for target players in the global athletic footwear market.
Based on the distribution channel segment, the online store's segment by distribution channel is likely to grow at a remarkable pace during the forecast period. Growing e-business across the globe is a key reason which is augmenting the growth of these segments. Further, online shopping sites are implementing various strategies such as online fashion sales, discounts on footwear to get the attention of the population. Furthermore, the availability of a massive range of athletic footwear on e-shops is estimated to drive the growth of the global athletic footwear market during the forecast period
On the basis of the product type segment, Athletic footwear is a type of shoes that are intended for physical activities and sports. Athletic footwear is made from flexible materials like leather, rubber and various other synthetic forms of materials. Inside footwear cushioning is provided using ethylene-vinyl acetate (EVA) and polyurethane material. Athletic footwear is called by different names in different counties like sneakers in the US, trainers in the UK, etc. Availability of athletic footwear in different shapes, sizes, colors and price range making it more popular among the young population.
In terms of region, North America held the leading position in the market, due to increasing focus of people on subscribing fitness club memberships to improve wellbeing along with the increasing trend of outfit style which is projected to design for exercises to be worn in school, college or office, thereby creating more demand for athletic footwear in the region.
The report offers perceptive and detailed material concerning the various key players operating in the market, technological innovations, their financials, supply chain trends, key developments, acquisitions & mergers, apart from future strategies, and market footprint. The global athletic footwear market report has been segmented on the basis of product type, end-user, distribution channel, and region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global athletic footwear market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the modest analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global athletic footwear market.
Scope of Global Athletic Footwear Market:
Global Athletic Footwear Market, By Product type
• Aerobic & gym wear shoes
• Trekking & hiking shoes
• Running & walking shoes
• Sports shoes
o Tennis Shoes
o Soccer Shoes
o Basketball Shoes
o Cricket Shoes
Global Athletic Footwear Market, By End-user
Global Athletic Footwear Market, By Distribution Channel
• Shoe Stores
• Sports and athletic good stores
• Specialty Apparels Stores
• Online Stores
Global Athletic Footwear Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Athletic Footwear Market
• Nike, Inc.
• New Balance Athletics, Inc.
• Skechers USA Inc.
• Puma SE.
• ASICS Corporation.
• Under Armour, Inc.
• Wolverine World Wide Inc.
• VF Corporation.
• FILA Korea, Ltd.
• Woodland Worldwide.
• Saucony, LLC.
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About the AuthorAarti ghodke
Joined: August 26th, 2019
Articles Posted: 103
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