The Sports Footwear Market had a strong performance in 2021 and is projected to experience rapid revenue growth over the forecast period. The market's growth can be attributed to several factors, including the increasing awareness of the importance of health and fitness, the rising participation in sports and outdoor recreational activities such as hiking and backpacking, the growing demand for premium athletic footwear among consumers with high purchasing power, and the increasing number of franchised footwear stores in various countries worldwide.
Athletic footwear, also known as sneakers, sport shoes, trainers, and running shoes, are designed specifically for sports or recreational activities like jogging, hiking, or aerobic dancing. While initially intended for outdoor sports activities, these shoes are now widely used for everyday casual wear by all age groups. The Sports Footwear Market's popularity surged in the mid-20th century, thanks to companies like Nike, Converse, and Reebok, and has since grown exponentially. The shoes' main features include a flexible sole, impact absorption capability, and appropriate tread for function. Additionally, athletic shoes increase wearer comfort and performance and help prevent injuries.
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Top Profiled Companies in the Global Sports Footwear Market Report:
- Asics Corporation
- Reebok International Limited
- Adidas Group
- Puma SE
- VF Corporation
- Nike, Inc.
- FILA Korea, Ltd.
- New Balance, Inc.
- SKECHERS, Inc.
- K-Swiss, Inc.
- Wolverine World Wide, Inc.
- Under Armour Inc.
- Athleta
- Capelli Sport
- Merrell
- Topper
- Heelys
- Ewing Athletics
Major Driving Factors of Sports Footwear Market:
- Increasing health awareness: The growing awareness of the importance of physical fitness and healthy living has led to an increase in demand for athletic footwear. More people are engaging in sports and fitness activities, and they require appropriate footwear to enhance their performance and reduce the risk of injury.
- Fashion trends: The popularity of athletic footwear has increased due to its trendy designs, bold colors, and unique styles. Fashion-conscious consumers are looking for footwear that not only performs well but also complements their personal style.
- Technological advancements: Athletic footwear manufacturers are continuously innovating to develop new materials and technologies that improve the performance, comfort, and durability of their products. For instance, the use of lightweight and breathable materials, cushioning technology, and improved traction have made athletic footwear more comfortable and efficient for athletes.
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 (Revenue, USD Billion; 2019-2030)
- Sports Shoes
- Tennis Shoes
- Soccer Shoes
- Basketball Shoes
- Cricket Shoes
- Others
- Running Walking Shoes
- Hiking/Trekking Backpacking Shoes
- Aerobic Gym Wear Shoes
- Others
End-use Outlook (Revenue, USD Billion; 2019-2030)
- Men
- Women
- Kids
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Hypermarkets/Supermarkets
- Specialty Stores
- Brand Outlets
- Online Channels
Key Takeaways of the Global Sports Footwear Market Report:
- A comprehensive overview of the global Athletic Footwear 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 Sports Footwear Market.
- Elaborate study of the leading regional markets in the global Sports Footwear Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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