According to the report by Expert Market Research (EMR), the Mexico Athletic Footwear Market Size is projected to further grow at a CAGR of 3.5% between 2024 and 2032. The market is driven by increasing demand for sports and fitness activities and the growing applications of athletic footwear in various settings.
Athletic footwear, also known as sports shoes, is designed for sports and physical activities. These shoes provide the necessary support, comfort, and durability required for various athletic activities, including running, training, basketball, and soccer. In addition to their functional benefits, athletic footwear is also popular for casual and lifestyle wear, making them a versatile choice for consumers.
The increasing participation in sports and fitness activities is a primary driver of the Mexico athletic footwear market growth. With the growing awareness of the health benefits associated with physical exercise, more people are engaging in sports and fitness routines. This trend is particularly strong among the younger population, leading to a surge in demand for high-quality athletic footwear that offers the necessary support and performance features.
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Additionally, the rising trend of athleisure, where athletic clothing and footwear are worn for casual and everyday use, is significantly contributing to market growth. Athleisure has become a popular fashion trend, driven by the desire for comfortable yet stylish clothing. Athletic footwear, known for its comfort and versatility, has become a key component of the athleisure wardrobe, further boosting market demand.
The expanding applications of athletic footwear in various settings also play a significant role in propelling the Mexico athletic footwear market. In addition to sports and fitness activities, athletic shoes are increasingly worn in casual and work settings, reflecting a shift towards more comfortable and functional footwear options. This trend is supported by the growing acceptance of casual dress codes in workplaces and the increasing emphasis on employee wellness and comfort, leading to Mexico athletic footwear market development.
The athletic footwear market is segmented based on product type into running shoes, training shoes, sports shoes, and others. Running shoes hold a significant share of the market, driven by the increasing popularity of running and jogging as fitness activities. These shoes are designed to provide the necessary cushioning and support for running, making them a preferred choice for runners.
Training shoes, designed for various fitness activities such as gym workouts and cross-training, are also a major segment of the market. These shoes offer versatility and support for different types of exercises, making them popular among fitness enthusiasts. Sports shoes, including specialised footwear for basketball, soccer, and other sports, are expected to witness steady growth, driven by the increasing participation in organised sports.
As per the Mexico athletic footwear market analysis, offline channels, including specialty stores, sports retailers, and department stores, hold a significant share of the market. These channels offer consumers the opportunity to try on shoes and receive personalized assistance, making them a preferred choice for many shoppers.
However, the online channel is expected to witness the fastest growth, driven by the increasing popularity of e-commerce and the convenience of online shopping. Online platforms offer a wide range of products, competitive pricing, and the convenience of home delivery, making them an attractive option for consumers. The growing trend of digitalization and the increasing use of smartphones are expected to further boost the growth of the online channel.
Mexico Athletic Footwear Market Segmentation
The market can be divided based on the type, end user, distribution channel, and region
Market Breakup by Type
- Sports
- Tennis Shoes
- Soccer Shoes
- Basketball Shoes
- Cricket Shoes
- Others
- Running & Walking Shoes
- Hiking & Backpacking Shoes
- Aerobics & Gym Wear Shoes
Market Breakup by End User
- Men
- Women
- Kids
Market Breakup by Distribution Channel
- Offline
- Online
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
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Competitive Landscape of Mexico Athletic Footwear Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in Mexico athletic footwear market. Some of the major players explored in the report by Expert Market Research are as follows:
- Nike, Inc.
- Puma SE
- Adidas Mexico S.A de C.V
- Fila Mexico.
- Reebok Mexico
- Others
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