Global Athletic Footwear Market – Industry Trends and Forecast to 2030

Athletic Footwear Market Analysis and Size

Athletic footwear are those shoes which are specially designed for sports and other outdoor activities. It has become popular as casual footwear. Athletic shoes are used as sneakers, running shoes, sports shoes, and gym shoes. According to the recent research, athletic footwear is highly concentrating on the developments and enhancements of footwear. Consumers are progressively using the perfect type of shoes for sports activities to prevent hip pain, knee pain, leg injuries, muscle injuries and back pain.

Data Bridge Market Research analyses that the athletic footwear market was valued at USD 146.90 billion in 2022 and is expected to reach USD 462.04 billion by 2030, registering a CAGR of 15.40% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Athletic Footwear Market Scope and Segmentation

Market Definition

Athletic footwear is a general term used for shoesused for shoes designed to be worn while participating in sports activities. Athletic shoes are mainly intended for usage in active sports or other physical activities. These shoes are crucial for athletes because they give road traction, torsional stability, flexibility, stability or motion control and other advantages.

Athletic Footwear Market Dynamics

Drivers

• Rising demand for running shoes

The increasing demand for running shoes is expected to drive the market growth rate. Increasing demand for running shoes for daily usage and the availability of these shoes in an extensive range of costs ranging from reasonable athletic shoes to extremely luxurious ones will boost the market growth. Running shoes include shoes required for advanced running, road running, training, track running, trail running and racing.

• Increasing technological advancement for the introduction of more comfort and flexibility hikers

Increasing technological advancements which have ensured more flexibility and comfort for hikers is expected to drive the growth of the market. For instance, W.L. Gore & Associates, Inc. has introduced the primary version of surround technology in the market. The technology features GORE-TEX laminates that are integrated into the shoe upper of hiking and trekking shoes to cover the foot from all sides and expel the heat and sweat out of the shoes through side ventilation.

Opportunities

• Increasing Sports Participation and Influence of Athleisure

Consumers progressively choose designer athletic shoes that integrate components of sports design in accordance with the athleisure trend. Moreover, the global demand for cycling and running footwear is compelled by the continuous consumer shift toward more active lifestyles. With the increase in popularity of fitness and sports activities, such as jogging, aerobics, swimming and yoga will create many opportunities for the market players in the global athletic footwear market, Furthermore,  number of women are now participating in sports and fitness activities which increase the demand for the attractive and comfortable sports footwear.  So the Consumers, mainly women, are buying more athletic footwear as a result of this factor. Furthermore, athleisure has become progressively widespread, influencing millennial parents' sports footwear choices. Also, athletic footwear is famous among all age groups such as baby boomers, Generation Z, Generation X, and millennials because they are also participating in sports activities.

Restraints/ Challenges

• Increasing environmental concerns

Growing environmental concerns are expected to hamper the growth of the athletic footwear market. The active measures taken by the environmental groups and government toward pollution are expected to act as a major restraint for the market growth. Industry is one of the main causes of the pollution in the environment and rivers. For instance, according to the environmental group Greenpeace, Puma and other sportswear brands including Adidas and Nike were addressed as ‘Dirty Laundry.

This athletic footwear market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the athletic footwear market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 Impact on Global Athletic Footwear Market

In the COVID-19 pandemic, owing to the work-from-home culture, in people have started developing many health problems. Increase in diseases and weight such as cholesterol, high blood pressure and diabetes are growing among people. Due to all these reasons, people have become more aware regarding the benefits of fitness, and countries have augmented participation in sports and other physical activities. After this pandemic, hiking and trekking trips also increased all over the globe, which, in turn, has augmented demand for athletic shoes, thus driving the athletic footwear market growth. As per the report of Outdoor Participation Trends in 2022, around 58.7 million people went hiking in the U.S. in 2021.

Recent Development

In 2022, Asics Corporation has launched new shoes named Novablast 3. These shoes have a geometric Origami design with unique cushioning and Asics technology, which provides a bouncing running experience.

In 2021: Adidas has launched a golf shoe named “Solarthon”, which is both comfortable and lightweight. Further, the brand goals to introduce Solarthon in limited-edition blue, grey and white colorways. This new shoe features Adidas’ Primeblue textile uppe which is a recycled yarn. This yarn is containing at least 50% Parley Ocean Plastic, which help the company’s “End Plastic Waste” initiative.

 Global Athletic Footwear Market Scope

The athletic footwear market is segmented on the basis of product type, price-based, end-user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Running Shoes
• Sports Shoes
• Aerobic Shoes
• Walking Shoes
• Trekking and Hiking Shoes
• Insert
• Sports Shoes
• Backpacking Shoes

Price-Based

• Premium
• Mid
• Economy

End-User

• Men
• Women
• Kids

 Distribution Channel

• Sports and Athletic Goods Stores
• Supermarkets/Hypermarkets
• Online Retail Stores
• Other Distribution Channels

Athletic Footwear Market Regional Analysis/Insights

The athletic footwear market is analyzed and market size insights and trends are provided by country, product type, price-based, end-user and distribution channel as referenced above.

The countries covered in the athletic footwear market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the athletic footwear market in terms of revenue and market share owing to the high enthusiasm among the citizens for fitness, sports and adventure activities such as training, aerobics, hiking and trail running in this region.

Asia-Pacific is anticipated to be the fastest developing region during the forecast period of 2023-2030. This is because of the increasing disposable income and eagerness to participate in numerous sports events such as Asian Games. Furthermore, rising penetration of e-commerce will enhance the market growth rate in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Athletic Footwear Market Share Analysis

The athletic footwear market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to athletic footwear market.

Some of the major players operating in the athletic footwear market are:

• Nike, Inc. (U.S.)
• Puma SE (Germany)
• Adidas AG (Germany)
• Bata Brand (India)
• Honeywell International Inc. (U.S.)
• New Balance (U.K.)
• Rahman Group (India)
• COFRA Holding (Switzerland)
• ELTEN GmbH (Germany)
• Uvex group (Germany)
• Rock Fall Ltd. (U.K.)
• Oftenrich Holdings Co. Ltd. (U.S.)
• Wolverine World Wide Inc.  (U.S.)
• Hewat's Edinburgh (U.K.)
• W. L. Gore & Associates, Inc. (U.S.)
• Sunflower Industrial Group Co.,Ltd (China)
• HILLSON FOOTWEAR PVT. LTD (India)

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