The Athletic Footwear Market in US is being driven by Popularity of sports and fitness activities
The Athletic Footwear Market in US is expected to grow at a CAGR of 5.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8505.2 million. In the dynamic athletic footwear market of the US, vendors are increasingly adopting strategies such as expedited delivery processes, mass customization, and personalization to meet consumer demands. Technological advancements, supply chain transformations, and organizational restructuring are driving the trend towards mass customization and personalization. Innovations in footwear measurement technologies, product development, and delivery systems enable consumers to purchase custom-made models that cater to their unique requirements. These customized footwear solutions offer enhanced comfort by optimally accommodating the shape and size of the feet, ankles, calf muscles, and legs. For individuals with medical conditions or difficulty in finding suitable footwear, custom-made athletic footwear is a beneficial investment.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.4% |
Market growth 2025-2029 |
USD 8505.2 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
5.1 |
Key countries |
US and North America |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Athletic Footwear Market in the US is experiencing a surge due to increased fitness awareness and the popularity of running shoes. Brands offer running shoe guides, sales, and clearance events on performance running shoes, sports shoes, and even eco-friendly and sustainable options. Consumers seek comfortable, supportive, and durable shoes with the latest technology, from trekking shoes to golf shoes. Price discounts, reviews, and comparisons influence purchasing decisions, while distribution, sports design, and celebrity endorsements drive competition. Mergers and acquisitions shape the industry landscape.
The Athletic Footwear Market in the US is a significant segment of the global footwear industry, driven by various factors. Technavio's market analysis identifies the increasing preference for branded footwear as a key growth driver. This trend is influenced by the growing population of fitness-conscious individuals, particularly the young and middle classes, who prioritize health benefits and comfort in their footwear choices. Moreover, advancements in technology have led to the development of innovative materials such as plastic and lightweight fabrics, catering to the needs of athletes and individuals with conditions like hip and back pain, diabetes, and those engaging in sports like running, hiking, and spring sports. Brand reputation and sustainability concerns also play a role in consumer decision-making. For instance, the demand for eco-friendly footwear, as advocated by organizations like Greenpeace, is on the rise. The Running Shoe and Hiking Shoe segments are expected to dominate the market due to their popularity among fitness enthusiasts and outdoor enthusiasts, respectively. In summary, the US Athletic Footwear Market is poised for growth, fueled by changing consumer preferences, technological advancements, and the increasing importance of health and sustainability.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
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