Global Athletic Footwear Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching US$ XX Mn.
Global Athletic Footwear Market
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Global Athletic Footwear Market Overview:
The global athletic footwear market size was valued at USD 74.30 Bn in the year 2019. It is estimated to expand at a CAGR of slightly over XX percent from 2019 to 2026. Increasing enthusiasm & consciousness regarding the health benefits of sports and fitness activities, flourishing retail e-commerce sector worldwide, & increasing levels of disposable income of customers are expected to be the key trends stoking market development.
Youngsters are getting keen on adopting a healthy lifestyle & are hence contributing actively in sports & other related activities. At the same time, people have started understanding that sports & fitness activities can help ensure good health & decrease the risk of chronic disorders like depression, cardiovascular diseases, & diabetes.
People are also gradually realizing the significance of using the right type of shoes for sports activities in order to avoid muscle injuries, leg injuries & back pain. As a result, the demand for athletic shoes is estimated to register a sharp rise during the forecast period.Key players in the market, like Nike, Inc.; Adidas AG; Skechers USA, Inc.; & New Balance Athletics, Inc. are focusing on emerging innovative technologies to rise the stability of sports shoes & make them comfortable. For example, Adidas AG has launched a Forged Mesh, a single layer shoe upper with a ribbed pattern made by using ARAMIS motion capture technology for defining the strain exerted on the foot. The technology aids deliver maximum flexibility & adequate support along the ankle to ensure free foot movement. Other technologies patented by Adidas AG contain Adaptive Traxion, Boost, Bounce, Climachill, Promeknit, &Stableframe.
Forecast of Nike’s global market share in athletic footwear from 2018 to 2025:
Global Athletic Footwear Market1
North America led the market with a revenue share about 28.76 percent in the year 2017. The region is estimated to continue to lead the market during the forecast period. The United States is the main revenue contributor to the regional market, which can be attributed to high enthusiasm among the citizens for sports, fitness, & adventure activities, like aerobics, hiking, training, & trail running.
US Footwear Market size- Athletic Vs. Non- Athletic
Global Athletic Footwear Market2
In the year 2019, APAC accounted for the maximum shipments at around XX Mn units & is expected to continue its dominance from 2019 to 2027. This can be mainly attributed to a wide base of population & lower average selling price of athletic footwear in the region as compared to established economies, like the U.K. & the U.S. Asia-Pacific isestimated to witness the maximum growth rate during the forecast period followed by Latin America.
Increasing levels of disposable income &rising penetration of e-commerce are expected to play a main role in driving the demand for athletic footwear in APAC. Growing enthusiasm for participating in different sports events, with the Asian Games, the ICC Cricket World Cup, & the ACC Asia Cup is adding the development of the region.
Global Athletic Footwear Market3
Global Athletic Footwear Market Share by Country 2019:
Fitness has become particularly popular among Chinese people:
In the year 2001, there were only around 500 gyms all over China, however, in the last 20 years, it increased to over 37,000 fitness facilities in China by 2019. According to MMR report, 104 Mn Chinese at least had one fitness app, like KEEP. Gym memberships in China cost 3,000-4,000 RMB per year on average, but as incomes are increasing over the years Chinese are more prepared to spend money on healthy lifestyles, inside or outside of the gym.
Fitness in China has become famous topic in the daily life. Additionally, Chinese people are shifting beauty favorites from skinny to strong. Hence, going to the gym has become gradually popular among young women. Influenced & encouraged by female key opinion leaders &celebs on Chinese social media platforms, they tend to share body progress photos & share their fitness experience on social media platforms.
Competition from the China’s domestic brands:
China’s sportswear market is the 2nd largest in the world, only behind the United States but is ruled by big international sports brands such as Nike & Adidas. Even if the fashion trend of the athleisure market in China, in terms of design creativity or technology invention, is controlled by those big sports players, the local brands, such as Anta & Li Ning, grew their market share quickly in recent years as a result of products upgrading of Chinese domestic brands.
The report covers Running Shoes,Category’s Shoes, Aerobic Shoes, Walking Shoes, and Trekking Shoes with detailed analysis Global Athletic Footwear Market industry with the classifications of the market on the Category, By Distribution Channel, End-User& region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players’ contribution in it.The report has profiled twelve key players in the market from different regions.
However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced Plastic Type, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.
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Scope of the Global Athletic Footwear Market: Inquire before buying
Global Athletic Footwear Market4
Global Athletic Footwear Market, By Region
• North America:
o CIS countries
o Rest of Europe
o South Korea
o Rest of APAC
• Middle East & Africa
o GCC Countries
o South Africa
o Rest of MEA
• Latin America
o Rest of Latin America
Global Athletic Footwear Market Key Players
• Adidas AG
• ASICS Corporation.
• Fila Inc.
• Lotto Sport Italia S.p.A.
• New Balance Athletics, Inc.
• Vans, Inc.
• Nike, Inc.
• Puma SE
• Reebok International Ltd.
• Saucony, LLC
• Skechers USA, Inc.
• Woodland Worldwide.
• Under Aemour, Inc.
• Crocs, Inc.
• Wolverine World Wide, Inc.
• Geox SpA
• K- Swiss
• New Balance
• ECCO Sko A/S
• Deichmann SE
• Jack Wolfskin
• The Aldo Group
• Columbia Sportswear
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