Mar 02, 2021, 02:01 EST
Shibuya-ku, Tokyo, Japan, Japan, Mar 02, 2021, 02:01 /Comserve / -- The report analyze market size, share, growth, trends, segmentation, top key players, strategies, demand, statistics, competitive landscape and forecast.
The Athletic Footwear industry is forecasted to reach a value of 171.20 billion USD in 2024 by registering a CAGR of 7.15%.
- The global athletic footwear market is affected by various changing trends in various regions.
- The athletic footwear market is also affected by the innovations made by the market players in the product development, for instance smart footwear that calculates the calories burnt.
- The increasing awareness towards the importance of fitness and the increasing involvement of countries in sports and games are also driving the market.
- North America is the highest revenue generating region in the market followed by Europe. Stronger distribution channels is also a factor that drives the growth of the market.
Scope of the Report
The Athletic Footwear industry is segmented by Product type into Running Shoes, Aerobic/Gym Wear Shoes, Sports Shoes, Trekking/Hiking Shoes and Other Product Types. The other types include typical sneakers, cycling shoes etc. By Distribution Channel the market is fragmented into Shoe Stores, Sports and Athletic Goods Stores, Supermarket/Hypermarket, E-commerce and Other Distribution Channels, which include Warehouse Clubs, Flagship Stores. By End User the markert is fragmented into Men, Women and Children.
Key Market Trends
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Increasing Participation In Sport And Growing Trend Towards Healthy Lifestyles
The growing trend towards athleisure are increasing the demand for designer shoes with sports design and the shift towards more healthier lifestyles are increasing the market for running and cycling shoes. The increasing government initiatives for the involvement in sports activities are also driving the market. For instance, the government of Australia is planning to invest millions in sport and physical activity initiatives over the coming years. The increasing unhealthy population is also a major factor affecting the market. The strong distribution channels are also helping the market in increasing availability and gaining more revenues. The increase in number of the women participating in sports and fitness activities are boosting the market.
Middle East And Africa Is The Fastest Growing Market
Middle East and Africa is the fastest growing region in the global athletic footwear market. The increasing concerns towards health and fitness among the population is the major driver in the market. South Africa is the leader in the market holding more than 15% of the market, followed by Saudi Arabia. The customers in middle east are ready to pay premium prices for goods, the factor they look for is quality and durability. Manufacturers are also focusing on quality and cost effective production and efficient distribution of goods. Middle East has a greater potential for athletic footwears and players are penetrating into the region with various products and different distribution channels.Athletic CO. is one of the popular companies operating in the Middle Eastern countries.
The Global Athletic Footwear market is a highly fragmented with the presence of various regional and global players. Companies compete on different factors, including product offerings, price, material quality, and marketing activities, in order to gain competitive advantage in the market. Adidas Group, Nike, and ASICS Corporation are the major players of the market.
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Running Shoes
5.1.2 Sports Shoes
5.1.3 Trekking/Hiking Shoes
5.1.4 Other Product Types
5.2 By Distribution Channels
5.2.1 Sports and Athletic Goods Stores
5.2.3 Online Retail Stores
5.2.4 Other Distribution Channels
5.3 By End User
5.4.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.4.3 Asia Pacific
18.104.22.168 Rest of Asia Pacific
5.4.4 South America
22.214.171.124 Rest of South America
5.4.5 Middle East & Africa
126.96.36.199 Saudi Arabia
188.8.131.52 South Africa
184.108.40.206 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Strategies adopted by Key players
6.2 Most Active Companies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Adidas Group
6.4.2 Nike, Inc
6.4.3 Under Armour Inc
6.4.4 Puma SE
6.4.5 SKECHERS USA
6.4.6 ASICS Corporation
6.4.7 Wolverine World Wide Inc.
6.4.8 VF Corporation
6.4.9 New Balance
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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