Global Athletic Footwear Market Projected to Show Strong Growth by 2026

Global athletic footwear market is expected to rise to an estimated value of USD 96.10 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. Athletic footwear includes those shoes that are developed for sports and other outdoor activities. They are shoes that are specially designed for each different sport including basketball, baseball, tennis etc., and also include shoes designed for walking, running, hiking, gym etc. Tailor-made and lightweight athletic footwear is also gaining the attention of consumers.

Competitive Analysis: Global Athletic Footwear Market

Global athletic footwear market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of athletic footwear market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Key Market Competitors: Global Athletic Footwear Market

Few of the major competitors currently working in the athletic footwear market are Nike, Inc., Adidas AG, SKECHERS USA, Inc., New Balance, ASICS Corporation, PUMA SE, VF Corporation., K-Swiss., Wolverine World Wide, Inc., Converse, Under Armour, Inc., WOODLAND WORLDWIDE., Saucony and TBL Licensing LLC amongst others.

Market Segmentation: Global Athletic Footwear Market

• By Product Type (Insert, Sports Shoes, Hiking Shoes, Backpacking Shoes),
• By End-User (Men, Women, Kids),
• By Distribution Channel (Store Based, Non-Store Based),
• By Price-Based (Premium, Mid, Economy),
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Market Drivers:

• The rising awareness about the health benefits of sports and fitness activities which can help in reducing the risks of various illnesses like depression, diabetes, obesity etc, drives the growth of this market.
• The growth of the retail e-commerce sector worldwide
• Changing consumer lifestyle and rise in the level of disposable income of consumers
• Increasing awareness about the importance of using right type of shoes in order to prevent muscle injuries, leg injuries, knee pain, hip pain, and back pain, thereby stimulating the demand for athletic shoes
• Technological advancement helps companies to manufacture quality shoes in less time
• The development of new and innovative shoes, including customized and light weighted athletic footwear drive the growth of this market

Market Restraints:

• Rising prices of raw materials hampers the growth of this market
• Growing levels of geriatric population against the reduced younger age group of populace is expected to restrain the growth of the market
• Rising prevalence of fake and brand copied athletic footwear products

Key Insights in the report:

• Competitive analysis of key competitors involved in the market
• Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
• Market drivers and restraints analysis along with the analysis of the market structure

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.