Athletic Footwear Market Gears Up for a 4% CAGR Ride in 2024-30

MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Athletic Footwear Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Athletic Footwear Market: 2024-2030

The Global Athletic Footwear Market size is valued at USD 135 billion in 2023 and is expected to grow at a CAGR of around 4% during the forecast period, i.e., 2024-30.

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What are the primary factors driving the growth of the Athletic Footwear market?

Global Athletic Footwear Market Driver: Inclination Towards Sports & Physical activities

The increasing global interest in sports and other fitness activities led to a boost in the market and also registered further growth. With the rising popularity of sports and fitness footwear, it facilitates gaining more and more consumer attention in the market. Footwear that provides comfort gradually minimizes the chance of injury and provides support is always in high demand. Even the realization of regular exercise contributes to the Athletic Footwear Market Growth. For Instance:

• In April 2024, Adidas introduced 49 styles of shoes to choose from, 9 sponsored nations, and the 2024 Olympic and Paralympic Games in Paris.

Moreover, an increasing number of sports tournaments is also expected to affect the market growth graph. Several tournaments are being organized, local, regional, and many more, and numerous individuals are participating in them to display their skills & expertise. Hence, with the growing participation in the tournaments, there is a high demand for athletic footwear, further driving the market growth.

Athletic Footwear Market Segmentation:

The Athletic Footwear market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

By Type of Footwear

-Aerobic Shoes

-Running Shoes

-Walking Shoes

-Trekking & Hiking Shoes

-Sports Shoes

• Running Shoes hold the largest share of the Athletic Footwear Market.

By Sport Type

-Cricket

-Football

-Tennis

-Basketball

-Other

By End User

-Men

-Women

-Children

By Price Range

-Up to USD 25

-USD 26 to 50

-USD 51 to 100

-Above USD 100

By Sales Channel

-Supermarkets & Hypermarkets

-Brand Outlets

-Sports Goods Stores

-Online

-Others

Geographical Analysis into the Athletic Footwear Market:

• North America: The US, Canada, Mexico
• Europe: Germany, The UK, France, Italy, Spain, The Netherlands, Belgium, Switzerland, Nordic Countries, Rest of Europe
• Asia-Pacific: China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific
• South America: Brazil, Argentina, Colombia, Peru, Rest of South America
• Middle East & Africa: Saudi Arabia, The UAE, South Africa, Egypt, Morocco, Nigeria, Rest of the Middle East & Africa

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Competitive Landscape and Athletic Footwear Market Share Analysis:

The competitive landscape of the Athletic Footwear market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

The report features major players including:

Adidas AG, Nike Inc., PUMA SE, ASICS Corporation, Fila Inc., Under Armour Inc., Li-Ning Company Limited, Skechers USA, Inc., Reebok International Ltd., New Balance Athletics, Inc., Brooks Sports, Inc., VF Corporation, US Polo Association, Xtep International Holdings Ltd, 361 Degrees International Ltd, Qiaodan Sports Co Ltd, and Others

Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

• What factors are driving the Athletic Footwear Market growth?
• How is the Athletic Footwear Market expected to grow over the next five years?
• What are the key insights into the current trends in the Athletic Footwear Market?
• What is the current size of the Athletic Footwear Market, and how is it projected to change in the future?
• What is the future outlook for the Athletic Footwear Market in terms of technological advancements and market expansion?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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