Athletic Footwear Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market
research firm), Athletic Footwear Market comprises a detailed study of critical
and major aspects of market dynamics, i.e. market trends, size, forecasts,
growth factors, challenges, and competitor landscape.
In-Depth
Market Overview of Athletic Footwear Industry (2025-2030):
According to the latest report, The Global Athletic Footwear Market size was valued at USD 141 Billion in
2024 and is projected to reach USD 159 Billion by 2030.
Along with this, the market is estimated to grow at a CAGR of around 2.43%
during the forecast period, i.e., 2025-2030. The report demonstrates the
prominent factors propelling the exponential growth of the Athletic Footwear
industry.
Key
Takeaways: Beneficial for Stakeholders and Clients:
·
Historical Data: 2020-23
·
Base Year: 2024
·
Forecast Period: 2025-30
·
CAGR – 2.43% by 2030
·
Market Value – USD 141 Billion in
2024
What are the major challenges
facing the global athletic footwear industry?
Proliferation of Counterfeit
Products – The increase in the production of fake and
defective products of similar brands led to a slowdown in the interest of the
consumers. This involves malpractices and fraudulent activities with the
customers, which can result in disbelief in the original product. This not only
creates a huge impact on customers' sentiments and experiences but also hampers
the Athletic Footwear Market in terms of remunerative perspectives.
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Athletic Footwear Market
Segmentation
The Athletic
Footwear Market analysis of Markntel Advisors explores the industry by
emphasizing the growth parameters and categorizes including geographical
segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
·
By Type of Footwear
o Aerobic Shoes - Market Size & Forecast, 2020-2030 (USD Million)
o Running Shoes - Market Size & Forecast, 2020-2030 (USD Million)
o Walking Shoes - Market Size & Forecast, 2020-2030 (USD Million)
o Trekking & Hiking Shoes - Market Size & Forecast, 2020-2030 (USD
Million)
o Sports Shoes - Market Size & Forecast, 2020-2030 (USD Million)
·
By Sport Type
o Cricket - Market Size & Forecast, 2020-2030 (USD Million)
o Football - Market Size & Forecast, 2020-2030 (USD Million)
o Tennis - Market Size & Forecast, 2020-2030 (USD Million)
o Basketball - Market Size & Forecast, 2020-2030 (USD Million)
o Other - Market Size & Forecast, 2020-2030 (USD Million)
·
By End User
o Men - Market Size & Forecast, 2020-2030 (USD Million)
o Women - Market Size & Forecast, 2020-2030 (USD Million)
o Children - Market Size & Forecast, 2020-2030 (USD Million)
The Men segment projects the
largest share of the Athletic Footwear Market. There is a considerable
projection of men's dominance in the footwear market.
·
By Price Range
o Up to USD 25 - Market Size & Forecast, 2020-2030 (USD Million)
o USD 26 to 50 - Market Size & Forecast, 2020-2030 (USD Million)
o USD 51 to 100 - Market Size & Forecast, 2020-2030 (USD Million)
o Above USD 100 - Market Size & Forecast, 2020-2030 (USD Million)
·
By Sales Channel
o Supermarkets & Hypermarkets - Market Size & Forecast, 2020-2030
(USD Million
o Brand Outlets - Market Size & Forecast, 2020-2030 (USD Million)
o Sports Goods Stores - Market Size & Forecast, 2020-2030 (USD
Million)
o Online- Market Size & Forecast, 2020-2030 (USD Million)
o Others
·
By Region
o North America
o South America
o Europe
o The Middle East & Africa
o Asia-Pacific
As per
the regional aspect, the Athletic Footwear Market is expected to be dominated
by North America by capturing the potential market share.
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Top Companies in the Athletic Footwear Market
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
Global
Athletic Footwear Market Recent Development
-June 2024: Nike introduced the Converse Run Star
Trainer, a low-profile shoe made from the ground up, blending retro and modern
aesthetics. The outline is inspired by Converse’s deep history in sports, but
created for modern life.
-June 2024: PUMA declared a global alliance with
HYROX, the world series of fitness racing. The association notices PUMA become
the official apparel and footwear partner for all HYROX races from 2024 to
2027.
Why Markntel Advisors Report?
Well-known business Prospects: Our accurate analysis market research report serves
as a treasure map for discovering potential markets and novel product avenues.
Additionally, it facilitates comprehensive comparisons of products and
services.
Thoughtful Customer Insights: A market report provides the marketing department
with an in-depth understanding of customer requirements and desires. This
information is bound to enhance products, adjust pricing, and refine
advertising strategies.
Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide
spectrum of activities, including precise market sizing, detailed segment
analysis, accurate demand forecasting, competitor identification, and
meticulous pricing trend monitoring.
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