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Athletic Footwear Market analysis (Research Report to 2026): Growing CAGR 5.3%

February 12, 2020 GMT

Sanjose, CA USA, February 12, 2020 (Wired Release) Credence Research The global market for Athletic footwear accounted for US$ 37.8 billion in 2017, increasing to CAGR by 5.3 per cent from 2018 to 2026.

Market Insights:

Global athletic footwear accounted for US$ 37.8 billion in 2017, with CAGR growing by 5.3 per cent during the 2018-2026 forecast period. Footwear refers to the garments that are worn on feet which basically serves as a purpose of protection from dampness, cold, roughness, dust and heat of ground while walking, standing and running. Athletic shoes include shoes used in exercises, sports, aerobics, hiking and walking. At present, the trend has also shifted to fashion and casual footwear across all age groups. Technological advancement in athletic footwear industry enabled the companies to manufacture quality products with an objective to fulfill the growing requirement of consumers. Consumers are also willing to spend more on footwear owing to the adoption of high-quality raw material and using of various machines that aims to produce accurate and precise products keeping in mind the comfort of consumers. Companies are also focusing on the adoption of 3-D printing technology with the aim of producing quality shoes in less time. For example, in January 2018, Under Armour, Inc., based in the U.S., launched two connected running shoes, namely Hovr Sonic and Hovr Phantom, with tracking capabilities for stride length, distance, and others. These shoes are synced to the connected handset with the help of the Under Armor MapMyRun app. They are also equipped with an accelerometer, a bluetooth module and a gyroscope inside the foam soles. In addition, active promotions by different manufacturers, followed by ease of availability of footwear products on the online platforms, also fuel the demand for the global athletic footwear market during the 2018-2026 forecast period.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction to the Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also included]

The increasing demand for comfortable and fashionable shoes among all age groups, followed by increased participation in sports activities, is one of the key factors driving the growth of this market. Increased awareness of the health benefits of changing consumer lifestyles is another factor that is expected to trigger market growth. The global athletic footwear market is highly competitive with a variety of players making huge investments in brand building and marketing channels. This in turn aims to establish brand value and presence in the global market with an objective to attract new consumers and expand consumer base. The presence of various small-scale manufacturers offers tough competition to key players operating on the market. The increase in raw material prices, followed by growing environmental concerns over synthetic rubber, is expected to restrict the growth of this market during the forecast period. The availability of counterfeit products offered by local manufacturers is also expected to restrict the global market for athletic footwear.

Segmentation

Product Type Segment (20162026; US$ Bn)

Running and Walking Shoes

Aerobics/Gym Shoes

Hiking and Trekking Boots and Shoes

Specialty Shoes

Others (Technical Shoes, Approach Shoes, etc.)

Price-based Segment (20162026; US$ Bn)

Premium

Mid

Economy

Consumer Group Segment (20162026; US$ Bn)

Men

Women

Kids

Distribution Channel Segment (20162026; US$ Bn)

Departmental Stores

Hypermarkets Supermarkets

Online Retail

Specialty Stores

Sports Stores

Others (Teleshopping, Off Pricers, etc.)

Geographic Coverage

North America Athletic Footwear Market Revenue and Forecast

Europe Athletic Footwear Market Revenue and Forecast

Asia Pacific Athletic Footwear Market Revenue and Forecast

Latin America Athletic Footwear Market Revenue and Forecast

Middle East and Africa Athletic Footwear Market Revenue and Forecast

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List of Companies Covered:

Adidas AG

Nike, Inc.

Reebok International

Puma SE

Lotto Sport Italia S.p.A

ASICS Corporation

Under Armour Inc.

Fila Inc.

Skechers USA Inc.

New Balance Athletics, Inc.

Key questions answered in this report

Who are the distributors, traders and dealers of the athletic footwear market?

What are the expected largest product type, price, consumer group, distribution channel and geography segments in the market during the forecast period from 2018 to 2026?

What are the fastest-growing segments in the market for the forecast period?

What are the current market trends in the athletic footwear market and valuable opportunities for the players?

How the regulatory framework affects the global as well as the regional markets?

Which are the key players operating in the global market and what are the strategies adopted by them?

What are sales, revenue, business strategy and product portfolio of top manufacturers of athletic footwear market?

What is the market size and trend in emerging and developed markets?

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ToC:

1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Phase III Expert Panel Review
1.3.4. Assumptions

2. Executive Summary
2.1. Global AF Market Portraiture
2.2. Global AF Market, by Product, 2017 (US$ Bn)
2.3. Global AF Market, by Price Range, 2017 (US$ Bn)
2.4. Global AF Market, by Consumer Group, 2017 (US$ Bn)
2.5. Global AF Market, by Distribution Channel, 2017 (US$ Bn)
2.6. Global AF Market Share, by Geography, 2017 (US$ Bn)

3. Athletic Footwear: Market Dynamics and Outlook
3.1. Market Overview
3.2. Drivers
3.2.1. Growing Awareness Regarding the Health Benefits of Sports and Fitness Activities
3.2.2. Technological Advancement in Athletic Footwear Industry
3.2.3. Increasing Demand for Comfortable and Fashionable Footwear
3.3. Challenges
3.3.1. Rise in Raw Material Price
3.3.2. Availability of Counterfeit Products Offered by Local Manufacturers
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Landscape, by Key Players, 2017

toc continued

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