MarkNtel Predicts Athletic Footwear Market Size at USD 135 Billion in 2023 with 4% CAGR

Global Athletic Footwear Market Overview:

MarkNtel Advisors has recently published a detailed research report on the Global Athletic Footwear Market. The report is specifically tailored to offer valuable insights and support for clients navigating this dynamic market. It focuses on key objectives such as predicting trends, gaining a profound understanding of market perspectives, identifying strategic investment opportunities, and evaluating potential business partners.

Athletic Footwear Market Insights and Analysis

The Global Athletic Footwear Market size was valued at around USD 135 billion in 2023 and is expected to grow at a compound annual growth rate or CAGR of 4% from 2024-30. Our comprehensive report provides a thorough examination of market players, opportunities, and valuable insights, equipping our clients with the indispensable information needed to make well-informed decisions within this dynamically evolving environment.

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Insights into Dominant Segments in the Athletic Footwear Market

By analysing each Segments, including

-By Footwear

Aerobic Shoes
Running Shoes
Walking Shoes
Trekking & Hiking Shoes
Sports Shoes

Running Shoes hold the largest share of the Athletic Footwear Market. The rising popularity of Gen Z and the Millennial population towards physical activities, such as dance, exercise, gym, fitness programs, etc. The rising awareness of the population concerning stress absorption, health-related benefits, etc., also facilitated in flourishing demand for athletic footwear in the market. Running shoes are made of lightweight material with flexible soles that help in smooth moments. In parallel the shoes are designed in a manner that provides cushioning support to the runners and proper grip in the soles.

Moreover, the growing interest in running and marathon activities, inspired by sports games, facilitates in lucrative growth of the market. For instance, in May 2022, Nike launched the ALPHAFLY 3, to target not only professionals but also casual runners. The shoes are designed in a manner that comprises new technological innovations that provide expanded high-stack midsole with better comfort. This, in turn, aids in growing the market in terms of remunerative aspects.

-By Sport Type

Cricket – Market Size & Forecast, 2019-2030 (USD Million)
Football – Market Size & Forecast, 2019-2030 (USD Million)
Tennis – Market Size & Forecast, 2019-2030 (USD Million)
Basketball – Market Size & Forecast, 2019-2030 (USD Million)
Other – Market Size & Forecast, 2019-2030 (USD Million)

-By End User

Men – Market Size & Forecast, 2019-2030 (USD Million)
Women – Market Size & Forecast, 2019-2030 (USD Million)
Children – Market Size & Forecast, 2019-2030 (USD Million)

-By Price Range

Up to USD 25 – Market Size & Forecast, 2019-2030 (USD Million)
USD 26 to 50 – Market Size & Forecast, 2019-2030 (USD Million)
USD 51 to 100 – Market Size & Forecast, 2019-2030 (USD Million)
Above USD 100 – Market Size & Forecast, 2019-2030 (USD Million)

-By Sales Channel

Supermarkets & Hypermarkets – Market Size & Forecast, 2019-2030 (USD Million
Brand Outlets – Market Size & Forecast, 2019-2030 (USD Million)
Sports Goods Stores – Market Size & Forecast, 2019-2030 (USD Million)
Online- Market Size & Forecast, 2019-2030 (USD Million)
Others

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/athletic-footwear-market.html

Athletic Footwear Market Geographical Reach:

The Athletic Footwear Market Geographical Reach assesses the distribution and prominence of consumption, highlighting regions that dominate in terms of market size, volume, and promising future growth prospects.

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Clients can concentrate their investments on the segments that present the most favourable prospects. This strategic methodology empowers clients to fine-tune their investment portfolio and attain enduring growth within the Athletic Footwear market.

Current Landscape of Athletic Footwear Market

The key players profiled in the research report are

Adidas AG
Nike Inc.
PUMA SE
ASICS Corporation
Fila Inc.
Under Armour Inc.
Li-Ning Company Limited
Skechers USA, Inc.
Reebok International Ltd.
New Balance Athletics, Inc.
Brooks Sports, Inc.
VF Corporation
US Polo Association
Xtep International Holdings Ltd
361 Degrees International Ltd
Qiaodan Sports Co Ltd
Others

In light of the ongoing rapid transformations within the Athletic Footwear market, retaining a strategic advantage is paramount for both businesses and investors. At MarkNtel Advisors, we exactly identify and study every notable player, taking into account their recent product launches, mergers, acquisitions, and collaborations. This thorough analysis assists our clients in making more accurate projections and staying competitive in the market.

Customization of Reports Available – https://www.marknteladvisors.com/query/request-customization/athletic-footwear-market.html

Global Athletic Footwear Market Recent Development

June 2024: Nike introduced the Converse Run Star Trainer, a low-profile shoe made from the ground up, blending retro and modern aesthetics. The outline is inspired by Converse’s deep history in sports, but created for modern life.
June 2024: PUMA declared a global alliance with HYROX, the world series of fitness racing. The association notices PUMA become the official apparel and footwear partner for all HYROX races from 2024 to 2027.
June 2024: PUMA embarked on training shoes called Deviate NITRO 3, designed with NITROFOAM technology to offer supreme cushioning and responsiveness.
August 2023: ASIC introduced the GEL-KAYANO 30, which comprises of 4D GUIDANCE SYSTEM, PureGEL, and FF BLAST PLUS ECO cushioning for better sock absorption and further comfort.

Athletic Footwear Market Future Prospects

The outlook for Athletic Footwear appears favourable in terms of both revenue share and sales, as evidenced by the market trends observed in the historical period, 2023-30. Anticipating continued robust growth over the next five years, market participants are expected to further bolster their portfolios by harnessing technological advancements within the industry. Adding to the market’s attractiveness is the widespread application of the product/service across various end-users, allowing market players to establish a solid presence across continents.

Frequently Asked Questions

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15.98 diverse industrial verticals.