Athletic Footwear Market Outlook
According to the report by Expert Market Research (EMR), the global athletic footwear market size is projected to grow at a CAGR of 5.2% between 2024 and 2032. Aided by the increasing participation in sports activities and the growing trend of fitness consciousness, the market is expected to grow significantly by 2032.
Athletic footwear comprises shoes used in sports, exercises, walking, and hiking. Renowned for their comfort, durability, and performance-enhancing features, these shoes are an essential part of athletic gear for professional athletes and fitness enthusiasts alike. They are designed to provide optimum support, traction, and cushioning, thereby enhancing the overall performance and reducing the risk of injuries.
The surge in the athletic footwear market demand is primarily attributed to the increasing awareness of the importance of sports and physical activities for a healthy lifestyle. This shift towards a more active lifestyle has led to a rise in participation in various sports activities, subsequently fuelling the demand for athletic footwear. Moreover, the global emphasis on fitness and wellness, propelled by rising health concerns and the prevalence of lifestyle diseases, has significantly contributed to the market growth.
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Technological advancements in footwear manufacturing are another key factor driving the athletic footwear market growth. Innovative designs and materials, such as breathable fabrics, advanced cushioning systems, and lightweight soles, have revolutionised athletic shoes, making them more comfortable, efficient, and tailored to different sporting needs. These technological improvements not only enhance the performance of athletes but also increase the appeal of athletic footwear among general consumers.
The growing trend of fashion and aesthetics in sports shoes is further influencing the athletic footwear market outlook. Athletic footwear is no longer viewed solely as functional gear but has also become a fashion statement. Brands are continuously introducing stylish designs and limited-edition collections to attract a broader customer base, including the fashion-conscious youth.
Moreover, the market is witnessing a surge in the demand for eco-friendly and sustainable shoes. With increasing environmental concerns, consumers are showing a preference for products made from sustainable materials. This trend is pushing manufacturers to adopt eco-friendly practices and materials in athletic footwear production.
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Athletic Footwear Market Segmentation
The market can be divided based on category, gender, distribution channel, and region.
Market Breakup by Category
- Aerobic Shoes
- Running Shoes
- Walking Shoes
- Trekking and Hiking Shoes
- Sports Shoes
Market Breakup by Gender
- Men
- Women
- Kids
Market Breakup by Distribution Channel
- Retail Stores
- Online
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
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 the global athletic footwear market. Some of the major players explored in the report by Expert Market Research are as follows:
- Adidas AG
- ASICS Corporation
- Fila Inc.
- Nike, Inc.
- Reebok International Ltd.
- Puma SE
- Others
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