Athletic Footwear Market to grow by USD 22.1 billion between 2024-2028
According to a research report “ Athletic Footwear Market” by Distribution Channel (Offline, Online) End-user (Men, Women, Children) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 22.1 billion at a CAGR of 4.36% during the forecast period. The athletic footwear market is experiencing robust growth due to the surge in athletic tournaments, leading to a substantial increase in demand for specialized footwear. Notable events such as the WBSC Premier, T20 World Cup, Olympics, and Ashes have witnessed a significant rise in registered participants, necessitating the use of sport-specific footwear. This trend is anticipated to continue, driving market expansion throughout the forecast period..
Browse market data tables, figures, and in-depth TOC on “Athletic Footwear Market” by Distribution Channel (Offline, Online) End-user (Men, Women, Children) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028.
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By Distribution Channel, the Offline segment is projected to dominate the market size in 2024.
In the global athletic footwear market, the men's segment holds the largest market share, driven by the rising number of health- and fashion-conscious males worldwide. This demographic prefers premium fashion products and accessories, particularly in the footwear category. Advanced product designs and offerings catering to this preference fuel demand. Factors such as high consumer spending power in developed countries and the entry of global brands into developing markets, like China and India, further propel segment growth during the forecast period.
By End-user, Men segment is expected to hold the largest market size for the year 2024.
In the athletic footwear market landscape of 2023, offline channels held a significant market share. This segment, comprised of specialty stores, hypermarkets, supermarkets, departmental stores, and other retailers, is projected to continue its dominance throughout the forecast period. Specialty stores, in particular, have gained traction due to their extensive product knowledge and detailed product information provided by sales personnel. The proliferation of specialty stores, such as Road Runner Sports Inc., has significantly boosted athletic footwear sales within the offline segment.
APAC is forecasted to hold the largest market size by region in 2024.
The athletic footwear market experiences robust growth, driven by increasing health consciousness and consumer preference for active lifestyles. Brands prioritize innovation, focusing on advanced technologies and sustainable materials to cater to evolving consumer demands. Market size is projected to expand significantly, fueled by rising disposable income and expanding demographic segments.
The Athletic Footwear Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Athletic Footwear Market caters to the needs of gym-goers, fitness-conscious customers, climbers, athletes, and youngsters engaged in various fitness activities. Brands like Stableframe, Promeknit, and Under Armour offer athletic shoes designed to provide optimal support and comfort for diverse activities, including running, basketball, soccer, golf, and spring sports. These shoes incorporate advanced technologies such as Climachill for temperature regulation and Bounce for energy return. Environmental concerns and chronic disorders have led consumers to seek eco-friendly and health-conscious footwear options. Brands address these issues by using sustainable materials and designing shoes that alleviate back pain and hip pain. For instance, Stableframe's innovative technology ensures a stable and balanced foot position, while Promeknit's shoes provide excellent shock absorption. In summary, the Athletic Footwear Market continues to evolve, catering to the diverse needs of consumers through innovative designs, advanced technologies, and eco-friendly materials. These shoes offer health benefits, making them an essential investment for individuals seeking to maintain a healthy lifestyle and improve their performance in various fitness activities.
Market Research Overview
The athletic footwear market caters to a diverse range of consumers, including gym-goers, fitness-conscious customers, climbers, athletes, and youngsters engaged in various sports lifestyles. This market encompasses a wide array of footwear types, such as Golf shoes, Tennis shoes, Ice hockey shoes, American football shoes, Basketball shoes, Baseball shoes, Racing shoes, Track running shoes, Trail running shoes, Road running shoes, Advanced running shoes, Training shoes, and Adaptive Traxion shoes. These sports shoes are engineered with innovative technologies, ensuring maximum comfort, flexibility, and stability. Advanced chemical additives like Foam and Plastic are used to create high-quality raw types, resulting in shoes that provide excellent support and cushioning. Brands like Fila, Under Armour, and Brooks are known for their commitment to addressing chronic disorders like Diabetes, Cardiovascular diseases, and Depression through their footwear designs. Environmental concerns have led to the development of eco-friendly materials and production methods. For instance, some shoes feature Forged Mesh and Climachill technologies, which promote breathability and temperature regulation. Brands are also addressing environmental issues by reducing pollution in rivers and addressing the impact of plastic waste on the environment. In summary, the athletic footwear market offers a vast selection of shoes designed to cater to various sports and fitness activities, ensuring optimal performance and promoting a healthy lifestyle.
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