Reliable Data You Can Trust
Reliable Data You Can Trust
A recent
report published by Infinium Global Research on athletic footwear market
provides in-depth analysis of segments and sub-segments in the global as well
as regional athletic footwear market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional athletic
footwear market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
athletic footwear market. According to the report, the global athletic footwear
market is projected to grow at a CAGR of 2.6% over the forecast period of
2019-2025.
Athletic
footwear is designed for those who indulge in sporting and fitness activities.
However, these days it finds more usage as casual footwear. It is also known as
sneakers, trainers and sports shoes. Athletic footwear is made from flexible
and lightweight materials. The soles are made from rubber and synthetic
materials. Spikes are provided on the soles of certain athletic footwear as per
the requirement of the particular sporting activity. Athletic footwear protects
the foot plantar surface, provides traction and motion control. Athletic
footwear provides midsole foot cushioning, which reduces stress on ankles,
heel, and toes while running. Athletic footwear provides arch support, helps in
prevention of injuries, helps in fixing overpronation, helps in fixing
supination and improves the athletic performance. Various manufacturers are
making athletic footwear by using recycled plastics and biodegradable
materials, as part of their eco-friendly initiatives. Athletic footwear finds
applications in sporting activities such as athletics, baseball, basketball,
boxing, cricket, cycling, football, hockey, ice hockey among others. Athletic
footwear also finds applications for gym activities, hiking, backpacking,
running, walking, leisure activities, and casual use among others.
Adoption of
advanced technologies, high quality advanced raw materials and introduction of
various types of footwear for different uses are driving the growth of the
global athletic footwear market. The inclination of consumers towards a healthy
lifestyle and rising disposable income are driving the demand for the athletic
footwear for casual, fitness and sporting purposes. Moreover, the growing
interest among people towards fitness, adventurous and sporting activities are
generating demand for various type of athletic footwear to cope up with the
demands of those activities. The increasing number of sporting events in a year
is anticipated to drive the demand for athletic footwear from sportspersons.
The increasing demand for athletic footwear as casual or fashion wear is
driving the growth of the athletic footwear market. The establishment of strong distribution
channels and the expansion of e-commerce to smaller cities and towns are
driving the growth of the global athletic footwear market. Use of 3D printing
technology and lightweight materials are anticipated to enhance the growth of
the market. The growing popularity of sporting events, huge investments by
sporting franchises and the athletic footwear manufacturers to promote the
stars and their brands are influencing the customers to buy replica apparels,
athletic footwear, and other gears. The
factors such as increasing awareness about the need for eco-friendly products,
the use of recycled plastics and biodegradable materials for manufacturing are
anticipated to drive the growth of the global footwear during the forecast
period.
Among
geographies, Asia-Pacific is the largest and the fastest growing region in the
athletic footwear market followed by Europe. The presence of huge aspiring
young middle-class population with interest in fashion wear and sporting
products drives the growth of the Asia-Pacific athletic footwear market. Europe
is the second largest athletic footwear market and it is expected to grow
significantly due to the presence of a huge number of sporting events, sporting
clubs and dedicated fan following. North America is expected to attain moderate
growth rates due to the increasing raw material cost, higher labor cost as well
as stiff competition among manufacturers.
The report on
global athletic footwear market covers segments such as product type,
distribution channel, and end user. On the basis of product type, the
sub-markets include backpacking shoes, hiking shoes, insert shoes, sports
shoes, and other product types. On the basis of distribution channel, the
sub-markets include retail channel, and e-commerce. On the basis of end user,
the sub-markets include kids, men, and women.
The report
provides profiles of the companies in the market such as Adidas AG, Asics
Corporation, Converse Inc, Fila U.S.A., Inc., Nike Inc, Puma SE, Reebok Inc, VF
Corp, Wolverine Worldwide Inc, Skechers U.S.A., Inc., and Other Companies.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of athletic footwear market. Moreover, the
study highlights current market trends and provides forecast from 2019-2025. We
also have highlighted future trends in the market that will affect the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight into the market share of the leading players.
Please Choose One of them.