Athletic Footwear Market is Expected to Reach $260.3 billion by 2032 | Sheer Analytics and Insights

According to a market report, published by Sheer Analytics and Insights, The global athletic footwear market was valued at $139.8 billion in 2021 and it is expected to reach $260.3 billion at a CAGR of 5.7% between 2022 and 2032. Athletic footwear has several flexible features so any sports person could use this shoe while playing any kind of sports. People who are usually connected with various kinds of physical activities such as running, or playing some other sports on the field are using athletic footwear. Many key players across the globe have been producing athletic footwear for their large number of users. This is driving the growth of the market. At present days, people like to use footwear with more comfort features than traditional footwear. This demand accelerates the growth of luxurious athletic footwear. Moreover, increasing demand for this kind of shoe associated with sports and other recreational activities enhances the demand for athletic footwear. In addition, fashion trends are also changing over the past few years, which is also driving market growth. In many countries across several regions, multiple gyms and fitness centers are growing. Hence, these are estimated to accelerate the consumption of aerobic footwear shoes.

There are several benefits and advantages of using athletic footwear. It provides great foot support. These are good shoes with comfort features that protect the user’s feet. Athletic footwear is specially designed for sports people who can improve circulation. It also provides better balance, grip, and stability. Thus, many companies out there are trying to produce good shoes and socks that protect users’ feet while letting them breathe. Technology is changing nowadays; hence, the demand for new design footwear among a large number of sports people is anticipated to boost the growth of the athletic footwear market.

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Currently, various key players across several nations are using mergers and acquisition strategies that would help in the expansion of distribution facilities and innovative product development. These key players are also focusing on creating business strategies in developing countries with low-price shoe costs. This would help those people who are economically weak. Rising sports activities at schools and colleges as well as sports academics are also projected to fuel the growth of the market during the forecast period from 2022 to 2032. 

In 2022, Lululemon launched into footwear as it seeks to take on industry giants like Nike and Adidas. Additionally, the launch marks the company’s official foray into the sneaker category. Tata Cliq has launched a new athletic footwear brand called Hoka One One. Last year, Adidas launched a golf shoe called the Solarthon. This is both lightweight and comfortable. U.S-based company Ryka launched a new Fempower athletic footwear collection. New Balance launched a reimagined product platform called FuelCell. That is built to power up the run. Reebok has launched an accessible sneaker collection. These are the first adaptive footwear collection called fit to fit. Therefore, these new launches are expected to drive the growth of the global athletic footwear market during the forecast period from 2022 to 2032.

According to the study, key players dominating the global athletic footwear market are Authentic Brands Group (U.S), Asics (Japan), Artemis S.A (France), Adidas (Germany), Bata Brands (Switzerland), HanesBrands (U.S), H&M (India), Lotto Sport Italia (Italy), LIR SRL (Italy), Lululemon Athletica (Canada), Maus Freres (France), Muse Holdings Inc (U.S), New Balance (U.S), Nike (U.S), SKECHERS (U.S), Under Armour Inc (U.S), VF Corporation (U.S), Wolverine World Wide (U.S), Woodland (Canada), Zara (India), among others. 

The Global Athletic Footwear Market Has Been Segmented Into:

The Global Athletic Footwear Market: By Product Types

• Backpacking Shoes
  • Approach Shoes
  • Technical Shoes
• Hiking Shoes
  • Seasonal Boots
  • Trekking Boots
  • Others
• Insert Shoes
  • Athleisure Shoes
  • Aerobics Shoes
  • Running Shoes
  • Others

• Sports Shoes

• Basketball Shoes
• Soccer Shoes
• Tennis Shoes
• Others

The Global Athletic Footwear Market: By Consumer

• Kids
• Men
• Women

The Global Athletic Footwear Market: By Distribution Channel

• Online Stores
• Sports & Athletic Stores
• Shoe Stores
• Others

The Global Athletic Footwear Market: By Application

• Outdoor
• Performance
• Others

The Global Athletic Footwear Market: By Geography

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • U.K.
  • France
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • Australia
  • Rest of Asia Pacific
• LAMEA

• Middle East
• Saudi Arabia
• UAE
• Others
• Latin America
• Brazil
• Chile
• Others
• Africa
• South Africa
• Egypt
• Others

Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/global-athletic-footwear-market-21