Athletic Footwear Market to Reach USD 135 billion in 2023, Growing at a CAGR of 4%

Market Insights

As per recent research by MarkNtel Advisors, The Global Athletic Footwear Market size was valued at around USD 135 billion in 2023 and is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2024-30.

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.

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Market Segmentation and Consumer Behavior:

By Type of Footwear

Aerobic Shoes - Market Size & Forecast, 2019-2030 (USD Million)
Running Shoes - Market Size & Forecast, 2019-2030 (USD Million)
Walking Shoes - Market Size & Forecast, 2019-2030 (USD Million)
Trekking & Hiking Shoes - Market Size & Forecast, 2019-2030 (USD Million)
Sports Shoes - Market Size & Forecast, 2019-2030 (USD Million)

By Sport Type

Cricket - Market Size & Forecast, 2019-2030 (USD Million)
Football - Market Size & Forecast, 2019-2030 (USD Million)
Tennis - Market Size & Forecast, 2019-2030 (USD Million)
Basketball - Market Size & Forecast, 2019-2030 (USD Million)
Other - Market Size & Forecast, 2019-2030 (USD Million)

By End User

Men - Market Size & Forecast, 2019-2030 (USD Million)
Women - Market Size & Forecast, 2019-2030 (USD Million)
Children - Market Size & Forecast, 2019-2030 (USD Million)

By Price Range

Up to USD 25 - Market Size & Forecast, 2019-2030 (USD Million)
USD 26 to 50 - Market Size & Forecast, 2019-2030 (USD Million)
USD 51 to 100 - Market Size & Forecast, 2019-2030 (USD Million)
Above USD 100 - Market Size & Forecast, 2019-2030 (USD Million)

By Sales Channel

Supermarkets & Hypermarkets - Market Size & Forecast, 2019-2030 (USD Million
Brand Outlets - Market Size & Forecast, 2019-2030 (USD Million)
Sports Goods Stores - Market Size & Forecast, 2019-2030 (USD Million)
Online- Market Size & Forecast, 2019-2030 (USD Million)
Others

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Athletic Footwear Market Geographical Analysis:

By Region:

North America
South America
Asia-Pacific
The Middle East & Africa
Europe

Key Players and Competitive Strategies in the Athletic Footwear Market

Several prominent players dominate the Athletic Footwear Market, 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

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Questions Addressed in this Study

1.What factors are driving the Athletic Footwear Market growth?

2.How is the Athletic Footwear Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Athletic Footwear Market?

4.What is the current size of the Athletic Footwear Market, and how is it projected to change in the future?

5.What is the future outlook for the Athletic Footwear Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, 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 15 diverse industrial verticals.