Press release
Athletic Footwear Market Size 2023: Global Share, Trends, Segmentation and Report Analysis by 2028
Athletic Footwear Market Share 2023
Sports shoes, commonly referred to as athletic footwear, are specialized shoes meticulously crafted to optimize performance and grant comfort throughout an array of physical endeavors, including sports, workouts, and outdoor adventures. Crafted using cutting-edge materials, cushioning innovations, and tailor-made sole configurations, these shoes are designed to provide individuals with exceptional support, unwavering stability, and foot safeguarding. Their purpose extends to diminishing injury risks, enhancing athletic achievements, and delivering utmost foot ease during extended physical engagements. Given their extensive usage across various sports like running, basketball, soccer, tennis, and cross-training, the global demand for athletic footwear is on a steady ascent.
How Big Is the Athletic Footwear Market?
The global athletic footwear market size reached US$ 116.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 189.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
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Global Industry Trends and Drivers:
Currently, a surge in global emphasis on health and fitness stands as a leading catalyst driving market expansion. Beyond this, the escalating participation in international sports events is also fostering market growth. Moreover, an escalating desire for both fashionable and ergonomic sports footwear is cultivating a favorable market landscape. Additionally, the mounting preference for eco-conscious athletic footwear choices that minimize environmental repercussions is adding momentum to market growth. Furthermore, the burgeoning adoption of athletic footwear owes much to the amplified influence of social media on individuals, further propelling market expansion.
Athletic Footwear Market Growth and Opportunities:
The market for athletic footwear is poised to undergo substantial growth, presenting numerous prospects for industry participants. A pivotal factor driving this growth is the mounting awareness of health and fitness among consumers, resulting in heightened demand for athletic footwear tailored to sports and exercise activities. The increasing engagement in leisure sports and outdoor pursuits further contributes to the market's expansion. Furthermore, the surge in athleisure fashion's popularity and the inclination to wear athletic footwear casually create avenues for market enlargement. Technological progressions in materials and designs, encompassing lightweight and durable textiles, advanced cushioning systems, and enhanced traction, stimulate product innovation and captivate consumers. The surge of e-commerce has also ushered in novel avenues for market expansion, offering convenient online platforms for consumers to acquire athletic footwear. Moreover, untapped opportunities for market growth reside in emerging markets, particularly in the Asia-Pacific and Latin American regions. These markets are driven by growing disposable incomes and evolving lifestyles. In essence, the athletic footwear market stands ready for expansion, fueled by evolving consumer preferences, technological strides, and the broadening scope of market outreach.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Product Type:
• Aerobic Shoes
• Running Shoes
• Walking Shoes
• Trekking and Hiking Shoes
• Sports Shoes
Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Specialty Stores
• Brand Outlets
• Online Channels
Breakup by End User:
• Men
• Women
• Kids
Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
Who Are The Key Players Operating In The Industry?
The report covers the major market players including:
• Adidas AG
• ASICS Corporation
• FILA Holdings Corp
• K-Swiss Inc.
• New Balance Inc.
• Nike Inc.
• Puma SE
• Reebok International Ltd.
• Saucony
• SKECHERS Inc.
• Under Armour Inc.
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Related Posts:
Athletic Footwear Market https://www.benzinga.com/pressreleases/23/08/33913214/athletic-footwear-market-size-2023-global-share-industry-trends-and-statistics-report-2028
Packaged Food Market https://www.openpr.com/news/3178859/packaged-food-market-size-2023-industry-leader-growth
Automotive Chromium Market https://www.openpr.com/news/3178890/automotive-chromium-market-report-2023-global-share-industry
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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