The new report from Expert Market Research titled, ‘Global Athletic Shoes Market Growth, Share, Price, Trends, Report and Forecast 2023-2028’, provides an in-depth analysis of the Global Athletic Shoes Market, assessing the market based on its segments. such as category, gender, distribution channel and regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, along with market analysis based on SWOT and Porter’s Five Forces models.
Highlights of the report include:
Forecast CAGR (2023-2028): 5.2%
Market Overview (2018-2028)
Rising public awareness of health and fitness due to the epidemic, with people of all ages participating in sports such as cycling, trekking, and running, among others, is expected to drive market expansion. Increasing awareness of the benefits of physical activity on mental and psychological health is expected to drive market growth in 2020, especially after long periods of immobility.
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Furthermore, increasing awareness of the need to wear proper footwear to avoid foot injuries is leading to technological and inventive advancements in manufacturing techniques, which are expected to drive market growth throughout the forecast period.
Industry definition and key segments
Athletic shoes are shoes that aim to provide optimal comfort while participating in physical activities such as walking, running and other sports. Flexibility, durability and durability are all characteristics of these shoes. Athletic shoes, unlike sneakers or other types of footwear, are designed for comfort and utility.
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By category, the market is divided into:
Aerobic shoes
Running Shoes
Walking shoes
Trekking and Hiking Shoes
Sports shoes
On the basis of gender, the market is divided into:
Men
Women
Children
On the basis of distribution channel, the market is categorized as:
Retail sales
Online
On the basis of region, the market is divided into:
North America
Europe
Asia
Latin America
Middle East and Africa
Market Trends
The increase in the purchasing power of the customers due to the increase in their disposable income can be attributed to the increasing expansion of the athletic footwear market. People are prepared to spend more for multiple performance qualities such as comfortable cushioning, waterproof quality, unique designs and friction adjustment, among others, due to manufacturing process advancements, which also catalyzes market expansion.
In addition, the athletic footwear market is further enhanced by the emergence of distribution methods such as e-commerce websites and a large network of retail channels. Moreover, the industry is experiencing good growth as a result of the increasing influence of social media, as sports shoes are becoming more and more popular among young customers as a result of such mediums, supporting the growth of the market.
Major market players
The major players in the market are Adidas AG, ASICS Corporation, Fila Inc., Nike, Inc, Reebok International Ltd., Puma SE and others. The report covers market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other recent developments of these market players.
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