Athletic Footwear Market Overview
Athletic footwear is a term used to describe shoes made for sports and other outdoor activities. People of all ages are wearing these as casual and fashionable footwear, according to the global consumption volume. To meet the needs and purchasing capacity of individual customers, the market offers a variety of footwear with colour, design, and price options.
The sports footwear market grew as a result of increased sales through online channels, innovative product releases, and attractive marketing and promotional techniques used by companies. Due to its use in a variety of conditions, the demand for athletic footwear products is continually expanding. Athletic footwear is a form of footwear worn by a variety of people, including athletes and climbers. There are also fitness-conscious customers, gym-goers, and those who use them for light workouts. This fact also contributes towards the growth of the market. Additionally, various varieties of athletic footwear are made from high-quality raw materials such as leather, foam, and plastic, and modern chemical additives are used in the manufacturing process.
On the other side, one of the major restrictions in the athletic footwear market is growing environmental concerns. Further, the government's and environmental groups' active measures to fight pollution act as a market restraint.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Distribution Channel, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Asics Corporation, Adidas AG, Puma, VF Corporation, Nike, Inc., FILA Korea, Ltd., New Balance, Inc., SKECHERS, Inc., K-Swiss, Inc., and Wolverine World Wide, Inc. |
Covid-19 Impact on Athletic Footwear Market
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumer's purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
Athletic Footwear Market Segment Overview
Based on Type, Sports shoes is expected to hold the largest share of the global Athletic Footwear Market. Sports shoes are extremely used in tennis, soccer, basketball, cricket, and others. According to Distribution Channel, Online Channels is one of the most prominent segments in the global Athletic Footwear Market. E-commerce, which involves purchasing and selling products and services entirely through electronic channels, is in high demand around the world. Online shopping is the most well-known type of e-commerce. Consumers' purchase processes have been simplified by making them easier and more convenient. In developed countries like the United States and Japan, online shopping is more popular than in emerging ones like India and China.
Athletic Footwear Market, By Type
· Sports shoes
· Running and walking shoes
· Hiking and backpacking shoes
· Aerobic and gym wear shoes
Athletic Footwear Market, By Distribution Channel
· Hypermarkets/Supermarkets
· Specialty Stores
· Brand Outlets
· Online Channels
Athletic Footwear Market Regional Overview
In terms of geography, the global Athletic Footwear market is classified into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America and Europe are the most prominent regions for the global Athletic Footwear market. This is due to the large demand for Athletic Footwear in this region. Furthermore, the market the Asia Pacific is expected to rise considerably in the forthcoming years. Because of increased outreach to new regions, growing interest in short formats of the game, and rising disposable income in developing countries, the growing demand for athletic footwear in traditional sports is projected to continue high. Additionally, new players, new locations, and dynamic shifts in advertising, marketing, and distribution, promise to generate new prospects for growth in the digital arena.
Athletic Footwear Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Athletic Footwear Market Competitor overview
Some key developments and strategies adopted by manufacturers in Athletic Footwear are highlighted below.
· In January 2022, Hospital for Special Surgery (HSS), announced a strategic partnership with sports innovation company Sports Engineering, Inc. (SEI) to develop technology for athletic footwear that would seek to reduce the risk of injury. This first-of-its-kind alliance combines the unparalleled expertise of HSS's orthopedic clinicians, many of whom treat top professional and elite athletes around the world, with SEI's expertise in the design and product development space as it relates to sports performance wear.
Athletic Footwear Market, Key Players
· Asics Corporation
· Adidas AG
· Puma
· VF Corporation
· Nike, Inc.
· FILA Korea, Ltd.
· New Balance, Inc.
· SKECHERS, Inc.
· K-Swiss, Inc.
· Wolverine World Wide, Inc.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Athletic Footwear market?
The sports footwear market grew as a result of increased sales through online channels, innovative product releases, and attractive marketing and promotional techniques used by companies.
Q2. Which Segments are covered in the global Athletic Footwear market report?
Type, Distribution Channel, and Region. these segments are covered in the global Athletic Footwear market report.
Q3. Which segment is projected to hold the largest share in the global Athletic Footwear market?
Sports shoes segment is projected to hold the largest share in the global Athletic Footwear market.
Q4. Which region holds the largest share in the global Athletic Footwear market?
North America holds the largest share in the global Athletic Footwear market.
Q5. Which are the prominent players in the global Athletic Footwear market?
Asics Corporation, Adidas AG, Puma, VF Corporation, Nike, Inc., FILA Korea, Ltd., New Balance, Inc., SKECHERS, Inc., K-Swiss, Inc., and Wolverine World Wide, Inc. are some key players in the global Athletic Footwear market
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Athletic Footwear Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Sports shoes
- 5.2.2. Running and walking shoes
- 5.2.3. Hiking and backpacking shoes
- 5.2.4. Aerobic and gym wear shoes
- 5.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 5.3.1. Hypermarkets/Supermarkets
- 5.3.2. Specialty Stores
- 5.3.3. Brand Outlets
- 5.3.4. Online Channels
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Athletic Footwear Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Sports shoes
- 6.2.2. Running and walking shoes
- 6.2.3. Hiking and backpacking shoes
- 6.2.4. Aerobic and gym wear shoes
- 6.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 6.3.1. Hypermarkets/Supermarkets
- 6.3.2. Specialty Stores
- 6.3.3. Brand Outlets
- 6.3.4. Online Channels
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Athletic Footwear Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Sports shoes
- 7.2.2. Running and walking shoes
- 7.2.3. Hiking and backpacking shoes
- 7.2.4. Aerobic and gym wear shoes
- 7.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 7.3.1. Hypermarkets/Supermarkets
- 7.3.2. Specialty Stores
- 7.3.3. Brand Outlets
- 7.3.4. Online Channels
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Athletic Footwear Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Sports shoes
- 8.2.2. Running and walking shoes
- 8.2.3. Hiking and backpacking shoes
- 8.2.4. Aerobic and gym wear shoes
- 8.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 8.3.1. Hypermarkets/Supermarkets
- 8.3.2. Specialty Stores
- 8.3.3. Brand Outlets
- 8.3.4. Online Channels
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Athletic Footwear Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Sports shoes
- 9.2.2. Running and walking shoes
- 9.2.3. Hiking and backpacking shoes
- 9.2.4. Aerobic and gym wear shoes
- 9.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 9.3.1. Hypermarkets/Supermarkets
- 9.3.2. Specialty Stores
- 9.3.3. Brand Outlets
- 9.3.4. Online Channels
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Asics Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Adidas AG
- 10.6. Puma
- 10.7. VF Corporation
- 10.8. Nike, Inc.
- 10.9. FILA Korea, Ltd.
- 10.10. New Balance, Inc.
- 10.11. SKECHERS, Inc.
- 10.12. K-Swiss, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
