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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Athletic footwear is designed for sports activities. They are basically used by athletes for running and playing other sports activities. Athletic footwear is classified into walking shoes, trekking shoes, sportswear, aerobics shoes, and running shoes.

Statistics:

The global Athletic Footwear market was accounted for US$ 85,047 Mn in terms of value by the end of 2019 and is expected to grow at 1.8% CAGR during the forecast period (2020-2027).

Drivers:

Increasing participation of individuals in sports activities is augmenting the market growth of athletic footwear. A growing number of young adults that aspire to lead a healthy lifestyle is another major factor fueling the demand for sports shoes. Thus, manufacturers are continuously launching more innovative and comfortable shoes due to increasing consumer demand for novel products which is again fostering the market growth. Therefore, an increasing number of people participating in sports activities is propelling the market growth of athletic footwear.

The expansion of the retail channel around the globe is triggering the market growth of athletic footwear. An increasing number of retail outlets across developing regions coupled with the emerging new brands in the market is also fueling the market growth. Also, growing awareness regarding the brands across developing regions is anticipated to foster the market growth of athletic footwear.

Figure 1. Global Athletic Footwear Market, Revenue Share (%), By Consumer Group, 2019

Athletic Footwear  | Coherent Market Insights

Consumer group of men dominated the Global Athletic Footwear market in 2019, accounting for 62.6% share in terms of value, followed by Women and Kids, respectively.

Market Restraints

Increasing price of raw materials used in the production of athletic footwear is hampering the product demand. Hence, the increasing price of raw materials used expected to hinder the market growth.

Growing counterfeit products in the market due to the existence of a large number of small vendors in the market is creating negative impressions among consumers. This factor hampers the distribution system of products, thereby restricting the market growth of athletic footwear.

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Athletic Footwear Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 85,947 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 1.80% 2027 Value Projection: US$ 99,131 Mn
Geographies covered:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA
Segments covered:
  • By Category: Insert Footwear (Aerobic Shoes, Athleisure Footwear, Running Shoes, Walking Shoes), Sports Footwear (Cricket Footwear, Tennis Shoes, Other Sport Shoes), Hiking Shoes (Outdoor/ Rugged Footwear, Trekking and Walking Boots, Other Athletics), Backpacking Boots (Hiking Boots, Technical Shoes, Approach Shoes)
  • By Consumer Group: Women, Men and Kids
  • By Retail Distribution: Store-Based and Non-store Athletic
Companies covered:

Nike, Inc., Adidas Group, Crocs, Inc., Wolverine World Wide, Inc., Skechers U.S.A., Inc., Under Armour, Inc., Puma AG, Geox SpA, K- Swiss, New Balance

Growth Drivers:
  • Surging influence of sport activities among individuals
  • Rising number of retail outlets across the globe
Restraints & Challenges:
  • Increasing raw material prices
  • Lower pricing associated with the counterfeit products

Market Opportunities

Improving lifestyle of the consumers is expected to offer immense market opportunities in the near future. Due to the changing lifestyle of the consumer’s luxury and premium brands are gaining huge demand among consumers. This is expected to foster the market growth of athletic footwear. Also, increasing disposable income of the consumer coupled with the growing awareness regarding the emerging brands is again anticipated to foster the market growth of the athletic footwear over the forecast period.

Changing purchasing behavior of the consumers along with the advent of innovative technology for the manufacturing of shoes is expected to bring new market opportunities. Increasing preferences for more comfortable and affordable products is again expected to upsurge the market growth in the near future. Moreover, an increasing number of urban population around the globe is further expected to augment the market growth of the athletic footwear in the near future.

Figure 2. Global Athletic Footwear Market – Opportunity Analysis

Athletic Footwear  | Coherent Market Insights

Market Trends/Key Takeaways

Changing fashion trends among consumers is one of the major factors escalating the demand for athletic footwear. For this various manufacturers are introducing fashionable shoes. The increasing popularity of sports and the growing number of sports events around the globe is again contributing to the market growth of athletic footwear. Moreover, a rise in the overall level of fitness awareness among consumers is further expected to play a key role in the growth of the athletic footwear market over the forecast period.

Strategic partnerships and agreements among key players for business expansion at the global level is one of the growing trends in the market. For instance, in May 2020, Adidas and Allbirds have announced their collaborative partnership to develop low-carbon impact athletic shoe. This partnership has been developed in order to reduce its global carbon number. Such initiatives by key players will favor the market growth of the athletic footwear in the near future.

Figure 3. Global Athletic Footwear Market, Revenue Share (%), By Retail Distribution, 2019

Athletic Footwear  | Coherent Market Insights

The store based retail distribution segment accounted for a share of 92.7% across the global athletic footwear market in 2019.

Global Athletic Footwear Market - Impact of Coronavirus (Covid-19) Pandemic

The global athletic footwear market has been impacted due to the ongoing COVID-19 pandemic. This can be attributed to the restrictions imposed by governing authorities over traveling and conducting sports activities in public. Moreover, external factors such as an obstruction in the supply chain, lack in the availability of skilled laborers, the imposition of work from home policies, and the emergence of an online education system have significantly reduced the demand for athletic footwear. However, rising health awareness among the millennial population coupled with the technological advancements undertaken by the manufacturers is projected to trigger the market growth over the post-pandemic period.

Competitive Section:

Company Names 

  1. Nike, Inc.
  2. Adidas Group
  3. Crocs, Inc.
  4. Wolverine World Wide, Inc.
  5. Skechers U.S.A., Inc.
  6. Under Armour, Inc.
  7. Puma AG
  8. Geox SpA
  9. K- Swiss
  10. New Balance

The Global Athletic Footwear Market is accounted for US$ 85,947 Mn in terms of value by the end of 2019. Athletic Footwear are largely being used by individuals while carry out sports or personal health related activities. Various types of footwear for activities like gym, aerobics, trekking and running are gaining traction across the globe.

Market Dynamics

The increasing influence of sports activities prevailing among individuals is driving the demand for Athletic Footwear across the globe. Rising health consciousness among the millennial population is also one of the key factors contributing to the growth of the market. Moreover, the rising number of retail stores offering a variety of Athletic Footwear is also expected to increase the demand for the market over the forecast period. In addition to this, the rising number of sports activities across the globe further increases the demand for such products. However, an increase in the prices of branded footwear owing to fluctuation in the prices of raw materials is expected to hinder the market growth to some extent in the upcoming years.

Key features of the study:

  • This report provides in-depth analysis of Global Athletic Footwear Market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new device launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the Global Athletic Footwear Market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Nike, Inc.,  Adidas Group,  Crocs, Inc.,  Wolverine World Wide, Inc.,  Skechers U.S.A., Inc.,  Under Armour, Inc., Puma AG,  Geox SpA,  K- Swiss,  New Balance
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future Device launches, Device up-gradation, market expansion, and marketing tactics
  • The Global Athletic Footwear Market report caters to various stakeholders in this industry including investors, suppliers, global athletic Footwear manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the Global Athletic Footwear Market

Detailed Segmentation:

  • Global Athletic Footwear Market, By  Category:
    • Insert Footwear
      • Aerobics Shoes
      • Athleisure Footwear
      • Running Shoes
      • Walking Shoes
    • Sports Footwear
      • Cricket Footwear
      • Tennis Shoes
      • Other Sport Shoes
    • Hiking Shoes
      • Outdoor/ Rugged Footwear
      • Trekking and Walking Boots
      • Other Athletics
    • Backpacking Boots
      • Hiking Boots
      • Technical Shoes
      • Approach
  • Global Athletic Footwear Market, By Consumer Group:
    • Women
    • Men
    • Kids
  • Global Athletic Footwear Market, By Retail Distribution:
    • Store-Based
    • Non-store Athletic
  • Global Athletic Footwear Market, By Region:
    • North America
      • By Category
        • Insert Footwear
          • Aerobics Shoes
          • Athleisure Footwear
          • Running Shoes
          • Walking Shoes
        • Sports Footwear
          • Cricket Footwear
          • Tennis Shoes
          • Other Sport Shoes
        • Hiking Shoes
          • Outdoor/ Rugged Footwear
          • Trekking and Walking Boots
          • Other Athletics
        • Backpacking Boots
          • Hiking Boots
          • Technical Shoes
          • Approach Shoes
        • By Consumer Group
          • Women
          • Men
          • Kids
        • By Retail Distribution
          • Store Based
          • Non store Athletics
    • Europe
      • By Category
        • Insert Footwear
          • Aerobics Shoes
          • Athleisure Footwear
          • Running Shoes
          • Walking Shoes
        • Sports Footwear
          • Cricket Footwear
          • Tennis Shoes
          • Other Sport Shoes
        • Hiking Shoes
          • Outdoor/ Rugged Footwear
          • Trekking and Walking Boots
          • Other Athletics
        • Backpacking Boots
          • Hiking Boots
          • Technical Shoes
          • Approach Shoes
        • By Consumer Group
          • Women
          • Men
          • Kids
        • By Retail Distribution
          • Store Based
          • Non store Athletics
    • Asia Pacific
      • By Category
        • Insert Footwear
          • Aerobics Shoes
          • Athleisure Footwear
          • Running Shoes
          • Walking Shoes
        • Sports Footwear
          • Cricket Footwear
          • Tennis Shoes
          • Other Sport Shoes
        • Hiking Shoes
          • Outdoor/ Rugged Footwear
          • Trekking and Walking Boots
          • Other Athletics
        • Backpacking Boots
          • Hiking Boots
          • Technical Shoes
          • Approach Shoes
        • By Consumer Group
          • Women
          • Men
          • Kids
        • By Retail Distribution
          • Store Based
          • Non store Athletics
    • Latin America
      • By Category
        • Insert Footwear
          • Aerobics Shoes
          • Athleisure Footwear
          • Running Shoes
          • Walking Shoes
        • Sports Footwear
          • Cricket Footwear
          • Tennis Shoes
          • Other Sport Shoes
        • Hiking Shoes
          • Outdoor/ Rugged Footwear
          • Trekking and Walking Boots
          • Other Athletics
        • Backpacking Boots
          • Hiking Boots
          • Technical Shoes
          • Approach Shoes
        • By Consumer Group
          • Women
          • Men
          • Kids
        • By Retail Distribution
          • Store Based
          • Non store Athletics
    • Middle East and Africa
      • By Category
        • Insert Footwear
          • Aerobics Shoes
          • Athleisure Footwear
          • Running Shoes
          • Walking Shoes
        • Sports Footwear
          • Cricket Footwear
          • Tennis Shoes
          • Other Sport Shoes
        • Hiking Shoes
          • Outdoor/ Rugged Footwear
          • Trekking and Walking Boots
          • Other Athletics
        • Backpacking Boots
          • Hiking Boots
          • Technical Shoes
          • Approach Shoes
        • By Consumer Group
          • Women
          • Men
          • Kids
        • By Retail Distribution
          • Store Based
          • Non store Athletics
  • Company Profiles
    • Nike, Inc.
      • Company Overview
      • DevicePortfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Adidas Group
    • Crocs, Inc.
    • Wolverine World Wide, Inc.
    • Skechers U.S.A., Inc.
    • Under Armour, Inc.
    • Puma AG
    • Geox SpA
    • K- Swiss
    • New Balance

 “*” marked represents similar segmentation in other categories in the respective

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Category
      • Market Snippet, By Consumer Group
      • Market Snippet, By Retail Distribution
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • Key Developments
  4. Global Athletic Footwear Market- Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Athletic Footwear Market– COVID-19
  5. Global Athletic Footwear Market, By Category, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Insert Footwear
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
      • Sub-Segment Trends
        • Aerobics Shoes
        • Athleisure Footwear
        • Running Shoes
        • Walking Shoes
    • Sports (Cross Training) Footwear
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
      • Sub-Segment Trends
        • Cricket Footwear
        • Tennis Shoes
        • Other Sport Shoes
    • Hiking Shoes
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
      • Sub-Segment Trends
        • Outdoor / Rugged Footwear
        • Trekking and Walking Boots
        • Other Athletics
    • Backpacking Boots
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
      • Sub-Segment Trends
        • Hiking Boots           
        • Technical Shoes
        • Approach Shoes
  6. Global Athletic Footwear Market, By Consumer Group, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Women
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Men
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Kids
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
  7. Global Athletic Footwear Market, By Retail Distribution, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Store-Based
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Non-Store Athletic
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  8. Global Athletic Footwear Market, By Geography, 2017- 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Geography, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Geography, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Category, 2017- 2027 (US$ Million)
      • Market Size and Forecast, By Consumer Group, 2017- 2027 (US$ Million)
      • Market Size and Forecast, By Retail Distribution, 2017- 2027 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Category, 2017- 2027 (US$ Million)
      • Market Size and Forecast, By Consumer Group, 2017- 2027 (US$ Million)
      • Market Size and Forecast, By Retail Distribution, 2017- 2027 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Category, 2017- 2027 (US$ Million)
      • Market Size and Forecast, By Consumer Group, 2017- 2027 (US$ Million)
      • Market Size and Forecast, By Retail Distribution, 2017- 2027 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Category, 2017- 2027 (US$ Million)
      • Market Size and Forecast, By Consumer Group, 2017- 2027 (US$ Million)
      • Market Size and Forecast, By Retail Distribution, 2017- 2027 (US$ Million)
    • MEA
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Category, 2017- 2027 (US$ Million)
      • Market Size and Forecast, By Consumer Group, 2017- 2027 (US$ Million)
      • Market Size and Forecast, By Retail Distribution, 2017- 2027 (US$ Million)
  9. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
    • Nike, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Adidas Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Crocs, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Wolverine World Wide, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Skechers U.S.A., Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Under Armour, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Puma AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Geox SpA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • K- Swiss
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • New Balance
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for global athletic footwear is forecast to surpass US$ 99,131 million by 2027 witnessing a CAGR of 1.80% between 2020 and 2027.
Rising awareness regarding sports activities prevailing among the millennial population is a prime factor fueling the market growth of the athletic footwear.
Implementation of marketing strategies like the development of agreements and partnerships by the key players is triggering the growth of the global athletic footwear market.
Rising prices of raw materials are expected to hinder the market growth of athletic footwear market.
Major players operating in the global athletic footwear market includes Nike, Inc., Adidas Group, Crocs, Inc., Wolverine World Wide, Inc., Skechers U.S.A., Inc., Under Armour, Inc., Puma AG, Geox SpA, K- Swiss, and New Balance.
The global athletic footwear market was valued at US$ 85,947 million in terms of revenue in 2019.
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