Global athletic footwear market was valued at US$ 89.00 billion in 2016 and is expected to reach US$ 110.19 billion by 2025, witnessing a CAGR of 2.33% over the forecast period (2017–2025), according to Athletic Footwear Market, by Product Type (Specialty Sports Shoes, Running and Walking Shoes, Hiking and Backpacking Shoes and Others), by Distribution Channel (Specialty Stores, Shoe Store, Online, and Supermarket and Hypermarket), and by End users (Men, Women, and Kids). Increasing participation of consumers in health and physical fitness activities is driving growth of the athletic footwear market. This is owing to rising awareness of people towards maintaining health and fitness. Also, According to the World Health Organization, regular activities such as cycling, walking or sports participation can reduce risk of diabetes, cardiovascular diseases, cancer, and depression. Moreover, increasing e-commerce industry is further propelling growth of the athletic footwear market.
According to the U.S. Census Bureau, total sales of e-Commerce in the U.S. of clothing and footwear was US$ 10,828 million in 2014, which increased to US$ 11,648 million in 2015. Development and launch of innovative products such as smart shoes is expected to augmented growth of the athletic footwear market. For instance, Vivobarefoot Limited and Sensoria Inc. launched Vivobarefoot Smart Shoe with pressure sensors, which detect forces such as impact score, contact time metrics, and foot landing, in January 2018. Environmental hazards of the synthetic materials used in manufacturing footwear is one of the major factors restraining growth of the athletic footwear market.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 772 pages, 300 market data tables* and 90 figures* on "Athletic Footwear Market” - Global forecast to 2025.
Key Trends and Analysis of the Athletic Footwear Market:
Key Takeaways of the Market:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.