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Oct 24, 2022, 03:30 ET
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NEW YORK, Oct. 24, 2022 /PRNewswire/ — Technavio has been monitoring the athletic footwear market, operating under the consumer discretionary industry. The report estimates the market to register an incremental growth of USD 17.89 bn, at a CAGR of 3.95% during the forecast period. 47% of the market growth originates from APAC with a Y-O-Y growth of 3.3% during the forecasted period.
The existence of various domestic and foreign suppliers has led to the fragmentation of the global sports footwear market. Some of the top companies that control the world market include Adidas, Nike, Under Armour, PUMA, BasicNet, ASICS, Skechers, VF Corp, Wolverine World Wide Inc., and New Balance. Vendors on the market distinguish their goods based on price and other flimsy characteristics like color, material cost, and style.
During the forecast period, it is anticipated that the rivalry in the global athletic footwear market will increase as more new products are introduced. The market participants actively invest in the construction of infrastructure that is suited for producing athletic footwear.
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The athletic footwear market report covers the following areas:
One of the significant market trends for athletic footwear that is driving the industry’s expansion is the growing availability of custom athletic footwear. Vendors need to concentrate on tactics like quicker delivery procedures, mass customization, and personalization due to the growth of footwear. Custom-made athletic footwear is convenient for customers who want to wear clothes that are tailored to their own needs.
Customized footwear increases comfort by enhancing the way the feet, ankles, calf muscles, and legs move. People with medical issues or trouble finding the right sporting footwear can benefit from having shoes manufactured to order. These elements will fuel market expansion during the course of the projection period.
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Athletic Footwear Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3.95%
Market growth 2022-2026
YoY growth (%)
APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution
APAC at 47%
Key consumer countries
US, China, Japan, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
adidas AG, Admiral Sportswear Ltd., ASICS Corp., BasicNet Spa, Bata Brands Sarl, British Knights Int., Brooks Sports Inc., Diadora Spa, Fila Holdings Corp, K Swiss, Lotto Sport Italia Spa, Mirza International Ltd, Mizuno Corp, New Balance Athletics Inc, Nike Inc, PUMA SE, Skechers USA Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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 17,000 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.
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