The athletic footwear market had a strong performance in 2021 and is projected to experience rapid revenue growth over the forecast period. The market's growth can be attributed to several factors, including the increasing awareness of the importance of health and fitness, the rising participation in sports and outdoor recreational activities such as hiking and backpacking, the growing demand for premium athletic footwear among consumers with high purchasing power, and the increasing number of franchised footwear stores in various countries worldwide.
Athletic footwear, also known as sneakers, sport shoes, trainers, and running shoes, are designed specifically for sports or recreational activities like jogging, hiking, or aerobic dancing. While initially intended for outdoor sports activities, these shoes are now widely used for everyday casual wear by all age groups. The athletic footwear market's popularity surged in the mid-20th century, thanks to companies like Nike, Converse, and Reebok, and has since grown exponentially. The shoes' main features include a flexible sole, impact absorption capability, and appropriate tread for function. Additionally, athletic shoes increase wearer comfort and performance and help prevent injuries.
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Top Profiled Companies in the Global Athletic Footwear Market Report:
- Asics Corporation
- Reebok International Limited
- Adidas Group
- Puma SE
- VF Corporation
- Nike, Inc.
- FILA Korea, Ltd.
- New Balance, Inc.
- SKECHERS, Inc.
- K-Swiss, Inc.
- Wolverine World Wide, Inc.
- Under Armour Inc.
- Athleta
- Capelli Sport
- Merrell
- Topper
- Heelys
- Ewing Athletics
The global consumer goods market revenue growth is primarily attributed to factors such as the rapid increase in global population, an increasing demand for food and other essential consumer goods such as healthcare & nutrition, personal care & hygiene, and electronic products, and the changing lifestyles and preferences of consumers, the growing demand for packaged and processed products in food and beverage, and the growing working population. Manufacturing and packaging techniques have advanced technologically, as well as the adoption of cutting-edge technologies such as artificial intelligence, the Internet of Things (IoT), big data analytics, robotics, and automation in the consumer goods industry. Other key factors driving global consumer goods market revenues include increasing awareness of the negative environmental effects of plastic packaging, as well as a growing demand for environmentally friendly and sustainable packaging solutions. Consumer income levels are expected to rise in developing economies such as India thanks to government regulations and guidelines regarding product quality and safety.
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Sports Shoes
- Tennis Shoes
- Soccer Shoes
- Basketball Shoes
- Cricket Shoes
- Others
- Running & Walking Shoes
- Hiking/Trekking & Backpacking Shoes
- Aerobic & Gym Wear Shoes
- Others
End-use Outlook (Revenue, USD Billion; 2019-2030)
- Men
- Women
- Kids
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Hypermarkets/Supermarkets
- Specialty Stores
- Brand Outlets
- Online Channels
Key Takeaways of the Global Athletic Footwear Market Report:
· A comprehensive overview of the global Athletic Footwear industry.
· Accurate market projections in terms of market size, share, and volume.
· Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
· Deep-dive analysis of the upcoming market trends.
· Qualitative and quantitative analyses of the global Athletic Footwear market.
· Elaborate study of the leading regional markets in the global Athletic Footwear market.
· Complete overview of the market’s competitive landscape.
· Brief look at the company profiles and portfolios.
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