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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Athletic Footwear Market Outlook
The global athletic footwear market attained a value of about USD 83.82 billion in 2023. The market is further expected to grow at a CAGR of 5.2% during the forecast period of 2024-2032 to reach USD 132.29 billion by 2032.
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Rising Awareness Regarding Physical Fitness to Bolster the Market Growth of Athletic Footwear
The rising participation in sports activities by the younger consumers is expected to boost the market growth in the forecast period. With major sports events like the Olympics, FIFA, and Cricket World Cup being postponed during the COVID-19 pandemic in 2020, the market growth was hampered. However, as restrictions were lifted, the demand for athletic shoes for such sporting events is expected to continue augmenting the growth of the market. Furthermore, the rise in awareness regarding health and physical fitness during the pandemic, with people across all age groups taking up sporting activities like cycling, trekking, and running, among others, is projected to further drive the market growth. The growing awareness of the importance of physical activities on emotional and psychological health is further projected to bolster the market growth, especially after long periods of lockdowns in 2020. In addition, the increasing awareness about the importance of using the right type of shoes to prevent leg injuries are leading to technological and innovative advancements in manufacturing practices and, hence, are anticipated to accelerate the market growth over the forecast period.
Athletic Footwear: Market Segmentation
Athletic footwear are shoes that are designed to provide maximum comfort in physical activities like hiking, running, and other sports activities. These shoes exhibit specific features like flexibility, durability, and stability. Unlike sneakers or other types of footwear, athletic footwears are comfort and function-centric.
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On the basis of category, the market is segmented into:
- Aerobic Shoes
- Running Shoes
- Walking Shoes
- Trekking and Hiking Shoes
- Sports Shoes
Based on demographic, the market is categorised into:
- Men
- Women
- Kids
On the basis of distribution channel, the market is divided into:
- Retail Stores
- Online
The EMR report looks into the regional markets of athletic footwear like North America, Europe, Latin America, the Asia Pacific and the Middle East and Africa.
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Increasing Purchasing Power of Consumers is Contributing to the Market Growth of Athletic Footwear
The rising market growth of athletic footwear can be attributed to the increasing purchasing power of consumers as a result of their rising disposable incomes. With innovations in the manufacturing process, people are willing to spend more on several performance characteristics like comfortable cushioning, waterproof quality, unique designs, and friction regulation, among others, which is also catalysing the market growth. Moreover, with the rise of distribution channels like e-commerce websites and the widespread network of retail channels, the market for athletic footwear is being augmented further. Furthermore, the industry is witnessing a healthy growth with the growing influence of social media as athletic shoes are gaining popularity among the younger consumers via such mediums, thereby boosting the market growth.
Key Industry Players in the Global Athletic Footwear Market
The report presents a detailed analysis of the following key players in the global athletic footwear market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
- Adidas AG
- ASICS Corporation
- Fila Inc.
- Nike, Inc
- Reebok International Ltd.
- Puma SE
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Category |
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| Breakup by Gender |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Athletic Footwear Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of approximately USD 83.82 billion in 2023.
The market is projected to grow at a CAGR of 5.2% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 132.29 billion by 2032.
The market is being driven by rising awareness regarding the benefits of fitness on physical and emotional health and the growing need for appropriate athletic footwear to prevent injuries and discomfort.
The key trends of the market include growing prevalence distribution channels like e-commerce websites, widespread network of retail channels, and growing participation of women in sports.
The major regional markets for athletic footwear are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The leading categories of athletic footwear in the market are aerobic shoes, running shoes, walking shoes, trekking and hiking shoes, and sports shoes.
The dominant genders in the market are men, women and kids.
The significant distribution channels in the market are retail stores and online.
The key players in the global athletic footwear market are Adidas AG, ASICS Corporation, Fila, Inc., Nike Inc, Reebok International Ltd., and Puma SE, among others.
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