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Athletic Footwear Market Revenue, Share, CAGR Status, Business Opportunities and Future Challenges Till 2034: SPER Market Research
Category :
Consumer & Retail
Published: Feb-2025
Author: SPER Analyst
Global Athletic Footwear Market is projected to be worth 258.16 billion by 2034 and is anticipated to surge at a CAGR of 5.18%.
Shoes made especially for sports, exercise, and physical activities that provide comfort, support, and performance-enhancing qualities are referred to as athletic footwear. These shoes have specific features to increase stability, lower the chance of injury, and improve overall performance, making them suitable for a variety of sports, including basketball, tennis, running, and hiking. Typically, athletic footwear has characteristics like arch support, cushioned soles, and sturdy materials to endure the demands of vigorous physical activity.
Drivers: The demand for athletic footwear is being driven by the expansion of global e-commerce, growing disposable incomes, and growing awareness of the health advantages of sports and fitness. Because they understand that athletics can help prevent chronic problems like diabetes, heart disease, and depression, young people are playing more sports. But the COVID-19 epidemic had a big effect on things like spring sports, which led to a decline in sales of golf shoes, baseball shoes, and soccer shoes. Nevertheless, there was some increase for labels like Puma and Brooks. The demand for sports shoes is increasing as more individuals understand how important it is to wear the proper footwear to avoid injuries. These shoes, which are composed of leather, foam, and plastic, are well-liked by both casual users and athletes and fitness aficionados.
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Challenges: The athletic footwear market faces several challenges that hinder its growth and profitability. One major challenge is the proliferation of counterfeit products, which leads to a lack of consumer trust in authentic brands. Counterfeit footwear, often of inferior quality, can harm a brands reputation and negatively impact consumer experiences. Additionally, the market faces intense competition, with numerous global and local brands vying for market share, leading to price wars and pressure on profit margins. The rising costs of raw materials and manufacturing processes also pose a challenge, as companies must balance quality and affordability. Furthermore, changing consumer preferences and trends can make it difficult for brands to stay relevant. Economic fluctuations and global events like the COVID-19 pandemic have also disrupted supply chains and led to fluctuating demand.
Global Athletic Footwear Market Key Players:
Adidas AG, ASICS Corporation, Fila Inc., Lotto Sport Italia S.p.A, New Balance Athletics, Inc., Nike, Inc., Puma SE, Reebok International Ltd., Under Armour, Inc., Vans, Inc., and others.
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Global Athletic Footwear Market Segmentation:
By Type: Based on the Type, Global Athletic Footwear Market is segmented as; Aerobic Shoes, Running Shoes, Walking Shoes, Trekking & Hiking Shoes, Sports Shoes.
By End User: Based on the End User, Global Athletic Footwear Market is segmented as; Men, Women, Children.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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