The
latest report on Athletic Footwear Market by Infinium Global Research gives complete
coverage of the Athletic Footwear Market by
end user (kids, men, women), by distribution channel (athletic &
sports goods stores, branded sports apparel stores, shoe stores, online
stores), by product type (back packing shoes, hiking shoes, insert shoes,
sports shoes) in terms of key trends, market size, forecast and CAGR growth
over the period of 2017 to 2023. In addition, the study covers deep dive into
key product and applications trends in the regional markets of Athletic
Footwear such as North America, Europe, Asia-Pacific and Latin America over the
short run and long run. Global athletic
footwear market size is expected to exceed USD X.xx billion by 2023, growing at
a CAGR between 2% and 3% over the period of 2017 – 2023.
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Market
Insights
Adidas
AG, Nike Inc, Puma SE, Reebok Inc, New Balance and some other major players
dominate the global athletic footwear market. Heavy investments in research
& development, brand building, product innovation& regular product
launches and advertisement &marketing campaigns, improvement in
distribution channels and e-commerce sales, and the use of advanced materials
& technologies for new products characterizes the global athletic footwear
market.
Adoption
of advanced technologies, high quality advanced raw materials and introduction
of various types of footwear for different uses are driving the growth of the
global athletic footwear market. The inclination of consumers towards healthy
lifestyle and rising disposable income are driving the demand for the athletic
footwear for casual, fitness and sporting purposes. Moreover, the growing
interest among people towards fitness, adventurous and sporting activities is
generating demand for various type of athletic footwear to cope up with the
demands of those activities. The increasing number of sporting events in a year
is anticipated to drive the demand for athletic footwear from sportspersons.
The increasing demand for athletic footwear as casual or fashion wear is
driving the growth of the athletic footwear market. The establishment of strong
distribution channels and the expansion of e-commerce to smaller cities and
towns are driving the growth of the global athletic footwear market. Use of 3-D
printing technology and lightweight materials are anticipated to enhance the
growth of the market, aslocalized manufacturing at shorter timeframe and better
customization of products to suit the customers’ needs will be possible. The
growing popularity of sporting events, huge investments by sporting franchises
and the athletic footwear manufacturers to promote the stars and their brands
are influencing the customers to buy replica apparels, athletic footwear and
other gears. Men’s segment dominates the global athletic footwear market with a
share of more than half of the overall sales. Due to the increasing awareness
about the need for ecofriendly products, the use of recycled plastics and
biodegradable materials for manufacturing are anticipated to drive the growth of
the global footwear during the forecast period.
The
availability of counterfeit products is restraining the growth of the market,
as it affects the brand and the revenue of the manufacturers. The increasing
prices of the raw materials are hindering the growth of the market. The
increasing competition from the smaller and local manufacturers is a major
restraint for the major players in the market. Growing environmental concerns
about the use of synthetic rubber is a major challenge for the market. There are
opportunities for the major players in the market to expand in the casual and
fashionable athletic footwear segments. The eco-friendly products are expected
to provide growth opportunities for major players in the athletic footwear
market during the forecast period 2017-2023.
Segments
Covered
The
report covers the analysis of global as well as regional markets of athletic
footwear market. Moreover, the global athletic footwear market is segmented by
end user, by distribution channel and by product type. The global athletic
footwear market by end user covers kids, men and women. On the basis of
distribution channel, the market is segmented as athletic and sports goods
stores, branded sports apparel stores, shoe stores and online stores among
others. Based on product type, the market is segmented as back packing shoes,
hiking shoes, insert shoes and sports shoes among others.
Geographies
covered
The
global athletic footwear market covers the analysis of geographies such as
North America, Europe, Asia-Pacific and RoW. In this section, the key trends
and market size for each region is provided over the period of 2017 – 2023.
Among
geographies, Asia-Pacific is the largest athletic footwear market with a global
share of more than 40% and it is anticipated to be the fastest growing market
in terms of CAGR over the forecast period 2017-2023. Presence of huge aspiring
young middle class population with interest in fashion wear and sporting
products drives the growth of the Asia-Pacific athletic footwear market. Europe
is the second largest athletic footwear market and it is expected to grow
significantly due to the presence of huge number of sporting events, sporting
clubs and dedicated fan following. North America is expected to attain moderate
growth rates due to the increasing raw material cost, higher labor cost as well
as stiff competition among manufacturers.
Companies
Profiled
The
companies covered in the report include manufacturers of global athletic
footwear market include Adidas AG, Asics Corporation, Converse, FILA, New
Balance , Nike Inc, Puma SE ,Reebok Inc, Skechers, Under Armour, Vans, VF Corp,
and Wolverine Worldwide Inc.
Browse Research Report: https://www.infiniumglobalresearch.com/consumer_goods_packaging/athletic_footwear_market
Report
Highlights:
The
report provides deep insights on demand forecasts, market trends and micro and
macro indicators. In addition, this report provides insights on the factors
that are driving and restraining the demand of athletic footwear globally as
well as regionally. Moreover, IGR-Growth Matrix analysis given in the report
brings an insight on the investment areas that existing or new market players
can consider.
Moreover,
the study highlights current market trends and provides forecast from 2017 to
2023. We also have highlighted future trends in the athletic footwear market
that will impact the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight on the
market share of the leading players. Additionally, the analysis highlights rise
and fall in the market shares of the key players in the market. This report
will help manufacturers, suppliers and distributors of the athletic footwear
market to understand the present and future trends in this market and formulate
their strategies accordingly.
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business goals.
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