The athletic footwear market size is projected to reach $ 66,310 million at a CAGR of 3.3% by 2027

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The athletic footwear market size is projected to reach $ 66,310 million at a CAGR of 3.3% by 2027

Bangalore, India, July 27, 2021 / PRNewswire / – The Athletic Shoes Market is segmented by Type – Soccer Athletic Shoes, Basketball Athletic Shoes, Other, By Application – Professional Athletic Shoes, Amateur Athletic Shoes, and Others. It will be published in the evaluation reports under the Sportswear category.

The global sports shoes market size is expected to be. to achieve $ 66,310 million until 2027, from $ 52,830 million in 2020, with a CAGR of 3.3% over 2021-2027.

Main drivers for the growth of the Sports Shoes Market are:

  • Growing enthusiasm and awareness of the health benefits of exercise and fitness activities
  • The ease of access and availability of multiple options is expected to continue to affect the athletic footwear market due to the thriving e-commerce retail industry
  • Urbanization, along with rising disposable income, is expected to further boost the sports shoe market

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TRENDS INFLUENCING THE GROWTH OF THE SPORTSHOE MARKET:

The increasing awareness of healthy lifestyles, especially among the younger population, is expected to fuel the growth of the athletic footwear market. The younger generation is becoming more and more interested in a healthy lifestyle and participating in sports and other activities. People are also becoming more aware of the importance of wearing the right athletic shoes to avoid muscle injuries, leg injuries, knee pain, hip discomfort and back pain while exercising. As a result, the demand for athletic shoes is expected to skyrocket in the coming years.

The COVID-19 initially had a strong impact on the athletic footwear market. However, with the presence of online shopping and door-to-door delivery, the category saw a surge in demand in mid-2020. Consumers joined the fitness train after lockdown measures were lifted in many countries. Because of this, the demand for athletic shoes soared and kept the market afloat during the year-long pandemic.

In addition, innovations in sports shoes such as smart footwear, which calculate calorie consumption, should have a lucrative impact on the sports shoe market.

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ANALYSIS OF THE MARKET SHARE FOR SPORTSHOES:

  • North America is expected to hold one of the largest market shares in the forecast period. The United States is the region’s leading revenue generator thanks to the locals’ enthusiasm for sports, fitness and adventure activities such as aerobics, hiking, training and trail running.
  • On the other hand, Asia Pacific is expected to be one of the fastest growing regions. The demand for sports shoes in the Asia Pacific is expected to be driven by rising disposable income and increasing e-commerce penetration.

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Segment by type

  • Soccer sport shoes
  • Basketball sports shoes
  • Others

Segment after application

  • Professional sports shoes
  • Amateur sports shoes

By company

  • NIKE
  • Adidas group
  • puma
  • New balance
  • Asics
  • Skecher
  • K-Switzerland
  • MIZUNO
  • KAPPA
  • Merrell
  • Vibram
  • COATING
  • ANTA
  • XTEP
  • 361 °
  • SUMMIT

By region

  • North America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Russia
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Taiwan
    • Indonesia
    • Thailand
    • Malaysia
    • Philippines
    • Vietnam
  • Latin America
  • middle East & Africa

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SIMILAR REPORTS:

– The Global Soccer Sports Shoes Selling Market research report includes Market Size, Share, Market Dynamics, Porter’s 5 Forces Analysis, Segmentation, Regional And Competitive Analysis. Product type: men, women, application: professional athletes, amateur athletes, other

– The Basketball Sports Shoes Market is segmented by the company, region (country), type, and application. Players, stakeholders, and other participants in the global Sports Basketball Shoes Market can get the upper hand when they use the report as a powerful resource.

The Global Women’s Shoes Market Size Is Expected To Reach $ 80 160 million until 2026, from $ 68,720 million in 2019 at a CAGR of 2.6% over the period 201-2026.

– The global market for athletic shoes will be with. rated $ 86,200 million in 2019 & achieve $ 126,290 million by the end of 2026 with an annual growth rate of 5.6% over the period 2021-2026.

– Global Tennis (Apparel & Shoes) and Golf (Apparel & Shoes) Market Research Report Covers Market Size, Share, Market Dynamics, Potter’s 5 Forces Analysis, Segmentation, Regional & Competitive Analysis. Product type: tennis clothing, tennis shoes, golf clothing, golf shoes, application: tennis, golf, other.

– The global Footwear market research report includes market size, share, market dynamics, Porter’s 5 Forces analysis, segmentation, regional and competitive analysis. Pages: 189, tables & figures: 177, product: shoes, product type: leather shoes, non-leather shoes, application: women’s shoes, men’s shoes, children’s shoes, date of publication: 16.06.2021, other

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