[Latest] Global Athletic Footwear Market Size/Share Worth USD 75.5 Billion By 2033 At A 4.9% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

(MENAFN- GlobeNewsWire - Nasdaq) [220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Athletic Footwear Market size & share revenue was valued at approximately USD 46.6 Billion in 2023 and is expected to reach USD 48.8 Billion in 2024 and is expected to reach around USD 75.5 Billion by 2033, at a CAGR of 4.9% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are Nike Inc., Adidas AG, VF Corporation, Puma SE, ANTA Sports Products Limited, Skechers USA Inc., Under Armour, New Balance Athletics Inc., Lotto Sport, Li-Ning Company Limited, ASICS Corporation, Deckers Brands, Columbia Sportswear Company, Fila Fila Korea, Brooks Running Company, ECCO Sko A/S, Lanvin, K-Swiss, Diadora Sport S.p.A., La Sportiva, Vivobarefoot, Topo Athletic, Hummel International Sport & Leisure A/S & Others.

Austin, TX, USA, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “ Athletic Footwear Market Size, Trends and Insights By Product Type (Sports Shoes, Running and Walking Shoes, Hiking and Backpacking Shoes, Aerobic and Gym Wear Shoes), By Distribution Channel (Specialty Stores, Retail Outlets, Department Stores, Online), By End-use Industry (Men, Women, Kids), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 ” in its research database.

“According to the latest research study, the demand of global Athletic Footwear Market size & share was valued at approximately USD 46.6 Billion in 2023 and is expected to reach USD 48.8 Billion in 2024 and is expected to reach a value of around USD 75.5 Billion by 2033, at a compound annual growth rate (CAGR) of about 4.9% during the forecast period 2024 to 2033.”

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Athletic Footwear Market: Overview

Athletic footwear is more flexible and durable than other sports footwear. The demand for footwear items is being driven by rising fitness trends and rising rates of sports involvement among consumers.

Demand for opulent athletic footwear is influenced by people's preference for comfort characteristics above footwear prices these days. Businesses in the sports footwear sector employ celebrity endorsements as a means of commercial expansion.

Additionally, businesses employ merger and acquisition tactics to support creative product development and the improvement of distribution facilities. The worldwide athletic footwear business is being shaped by the integration of IoT and digital connectivity technologies in athletic footwear, which aids in measuring an athlete's fitness activities.

Moreover, need for aerobic footwear is rising along with the number of gyms and fitness centers. As the e-commerce sector grows, more businesses will have the opportunity to offer their goods online, which will increase market demand.

Uncertain fluctuations in the cost and availability of raw materials, however, cause difficulties in the production process and are expected to limit market expansion. Furthermore, growing rivalry among major firms makes it difficult for new competitors to enter the market and slows down the expansion of the business.

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By product type, the running shoes segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Training, competitive running, road running, trail running, track running, and trail running all require running shoes. The variety of running shoes was further investigated according to the most popular sports in each area.

By distribution channel, the online stores segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. This segment offers a specialized shopping experience focused on athletic footwear products.

By end-use Industry, the men's segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. As men's interest in athletics increases, women's footwear is becoming more and more popular, especially in undiscovered areas.

In Asia Pacific, a prominent trend in the Athletic footwear market is the growth in running, fitness, and other sports are becoming more and more popular among the people. Furthermore, the region's increasing e-commerce penetration, rising disposable income, and growing interest in attending a wide range of sporting events.

Adidas AG is a German athletic apparel and footwear corporation headquartered in Herzogenaurach, Bavaria, Germany.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 48.8 Billion
Projected Market Size in 2033	USD 75.5 Billion
Market Size in 2023	USD 46.6 Billion
CAGR Growth Rate	4.9% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Product Type, Distribution Channel, End-use Industry and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Athletic Footwear report is available upon request; please contact us for more information.)

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Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
• Includes Tables and figures have been updated.
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Athletic Footwear report has been modified to include the COVID-19 impact study prior to delivery.)

CMI has comprehensively analyzed the Global Athletic Footwear market . The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Athletic Footwear industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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Key questions answered in this report:

• What is the size of the Athletic Footwear market and what is its expected growth rate?
• What are the primary driving factors that push the Athletic Footwear market forward?
• What are the Athletic Footwear Industry's top companies?
• What are the different categories that the Athletic Footwear Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Athletic Footwear market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2024−2033
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Athletic Footwear Market: Regional Analysis

By region, Athletic Footwear Market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia Pacific dominated the Athletic Footwear Market in 2023 with a market share of 41.3% and is expected to keep its dominance during the forecast period 2024-2033.

Asia Pacific's demand for sports footwear is predicted to be significantly fuelled by rising disposable income and the expansion of e-commerce. The growth of the regional market is being fuelled by participation in multiple athletic events, including the Asian Games, the ICC Cricket World Cup, and the ACC Asia Cup.

For instance, the sports shoe market growth is driven by changing consumer lifestyles, increasing disposable income, and Japanese retail e-commerce. Growing vogue preferences for branded sports shoes spur market expansion in Japan, particularly among youth.

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List of the prominent players in the Athletic Footwear Market :

• Nike Inc.
• Adidas AG
• VF Corporation
• Puma SE
• ANTA Sports Products Limited
• Skechers USA Inc.
• Under Armour
• New Balance Athletics Inc.
• Lotto Sport
• Li-Ning Company Limited
• ASICS Corporation
• Deckers Brands
• Columbia Sportswear Company
• Fila Fila Korea Ltd.
• Brooks Running Company
• ECCO Sko A/S
• Lanvin
• K-Swiss Inc.
• Diadora Sport S.p.A.
• La Sportiva
• Vivobarefoot
• Topo Athletic
• Hummel International Sport & Leisure A/S
• Others

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The Athletic Footwear Market is segmented as follows:

By Product Type

• Sports Shoes
• Running and Walking Shoes
• Hiking and Backpacking Shoes
• Aerobic and Gym Wear Shoes

By Distribution Channel

• Specialty Stores
• Retail Outlets
• Department Stores
• Online

By End-use Industry

• Men
• Women
• Kids

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Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Athletic Footwear Market Research/Analysis Report Contains Answers to the following Questions .

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Athletic Footwear Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Athletic Footwear Market? What Was the Capacity, Production Value, Cost and PROFIT of the Athletic Footwear Market?
• What Is the Current Market Status of the Athletic Footwear Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Athletic Footwear Market by Considering Applications and Types?
• What Are Projections of the Global Athletic Footwear Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Athletic Footwear Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Athletic Footwear Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Athletic Footwear Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Athletic Footwear Industry?

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Reasons to Purchase Athletic Footwear Market Report

• Athletic Footwear Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Athletic Footwear Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Athletic Footwear Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Athletic Footwear Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Athletic Footwear market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Athletic Footwear market analysis.

• The competitive environment of current and potential participants in the Athletic Footwear market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Athletic Footwear market should find this report useful. The research will be useful to all market participants in the Athletic Footwear industry.
• Managers in the Athletic Footwear sector are interested in publishing up-to-date and projected data about the worldwide Athletic Footwear market.
• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Athletic Footwear products' market trends.
• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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