Global Athletic Footwear Market 2019-2023 | Growth in Online Retailing to Boost Sales | Technavio
LONDON--(BUSINESS WIRE)--Sep 10, 2019--
The global athletic footwear market size is poised to reach USD 15.26 billion by 2023, according to a new report by Technavio, progressing at a CAGR of over 3% during the forecast period.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190910005832/en/
Technavio has published a new market research report on the global athletic footwear market 2019-2023. (Graphic: Business Wire)
“The evolution of footwear has necessitated vendors to focus on strategies such as mass customization, and personalization. Mass customization is gaining immense traction in the footwear industry, driven by technology, supply chain transformation, and organization restructuring. Therefore, the growing trend of customization is expected to drive the athletic footwear market during the forecast period,” says a senior analyst at Technavio. Request Free Sample Pages
The market is driven by the growth in online retailing of athletic footwear. In addition, the rise in the number of athletic tournaments is anticipated to further boost the athletic footwear market.
Although brick-and-mortar retailing has been a key channel for the sale of athletic footwear, online retailing has been witnessing rapid growth over the last few years. The growth of online retailing is attributed to its benefits such as quick delivery and competitive product pricing. Moreover, online retail helps customers compare products and conveniently place orders from the comfort of their home. Thus, the growth of online retailing will drive the sales of athletic footwear.
The rising popularity of various sports tournaments such as the WBSC Premier, T20 World Cup, Ranji Trophy, and Ashes have led to an increase in the number of registered players in these tournaments. These tournaments require footwear specific to the sports, which increases the demand and sale of athletic footwear. Thus, the rise in the number of athletic tournaments will further drive the growth of the athletic footwear market during the forecast period.
For More Information: Request Free Sample Pages
The report includes detailed profiles of the leading companies & prominent vendors of the market:
Market Segmentation by Distribution Channel:
The Athletic Footwear Market can be broadly categorized into the following segments:
Key Regions for the Athletic Footwear Market:
Featuring a breakdown of region wise market shares until 2019.
Some of the key topics covered in the report include:
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report
Related Reports on Consumer Discretionaryare:
Footwear Market – Global Footwear Market by distribution channel (offline and online), product (non-athletic footwear and athletic footwear), end-users (women, men, and children), and geography (APAC, Europe, MEA, North America, and South America).
Online Footwear Market – Global Online Footwear Market by product (non-athletic and athletic footwear) and geography (the Americas, APAC, and EMEA).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190910005832/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
KEYWORD: EUROPE NORTH AMERICA ASIA PACIFIC
INDUSTRY KEYWORD: BASKETBALL SPORTS CONSUMER OTHER RETAIL TEENS MANUFACTURING GENERAL SPORTS FASHION RETAIL RUNNING ONLINE RETAIL LUXURY WOMEN DEPARTMENT STORES OTHER MANUFACTURING MEN
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 09/10/2019 11:30 AM/DISC: 09/10/2019 11:30 AM