The global athletic footwear market size is expected to reach
USD 95.14 billion by 2025, according to a new report by Grand View Research,
Inc., progressing at a CAGR of 5.1% during the forecast period. The market is
estimated to witness considerable growth over the forecast period owing to
growing global population, rising awareness regarding health benefits, and
active participation in fitness activities and global sports events.
Major global sports events such as Olympics, ICC
Cricket World Cup, National Basketball Association (NBA) league, FIFA World
Cup, and The Championships, Wimbledon play an imperative role in fuelling
demand for athletic footwear. It has been observed that the market witnessed a
higher growth rate during the years when Olympics (both summer and winter) took
place, that is during 2012, 2014, and 2016, owing to training and participation
of aspiring as well as established athletes and sportspersons.
Athletic footwear is typically made up of three
primary components, namely upper section, mid sole, and outsole. Major players,
such as Adidas AG; Nike, Inc.; and Under Armour, Inc. are innovating upper
section of shoes using the 3D printing technology.
The mid sole plays an important role as it is
responsible for ensuring stability and providing cushioning to users. Prominent
manufacturers have been focusing on enhancing the mid sole to ensure the
comfort of athletes. For instance, Adidas AG adopted the Boost technology over
the traditional Ethylene Vinyl Acetate (EVA)-based technology. The Boost
technology is based on using capsules of Thermoplastic Polyurethane (TPU), an
elastomer possessing high abrasion rate, high flexibility levels, and longer
life as compared to conventional EVA.
Full
Research Report On Global Athletic Footwear Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/athletic-footwear-market
www.grandviewresearch.com/industry-analysis/athletic-footwear-market
Further
key findings from the report suggest:
- Running shoes are anticipated to register the
highest shipments by 2025 at around 392 million units
- The sports shoes segment was valued at around
USD 18.3 billion in 2017 and is likely to post the highest CAGR during the
forecast period
- The kids segment is poised to exhibit the
highest CAGR of 6.3% in terms of revenue during the forecast period
- The North America region accounted for the
largest revenue share in the market in 2017 and is projected to continue
its dominance throughout the forecast period
- The key players in the industry include Nike,
Inc.; Adidas AG; Under Armour, Inc.; and Puma SE.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/consumer-goods
www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the global athletic footwear market
into category, gender, and distribution channel.
Athletic
Footwear Category Outlook (Volume, Million Units; Revenue, USD Million, 2014 -
2025)
- Aerobic
Shoes
- Running
Shoes
- Walking
Shoes
- Trekking
& Hiking Shoes
- Sports
Shoes
- Football
- Basketball
- Tennis
- Rugby
& American football
- Cricket
- Baseball
- Ice
Hockey
- Others
Athletic
Footwear Gender Outlook (Volume, Million Units; Revenue, USD Million, 2014 -
2025)
- Men
- Women
- Kids
Athletic
Footwear Retail Channel Outlook (Volume, Million Units; Revenue, USD Million,
2014 - 2025)
- Brick
& Mortar
- E-commerce
Athletic
Footwear Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 -
2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia
Pacific
- Australia
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-athletic-footwear-market
www.grandviewresearch.com/press-release/global-athletic-footwear-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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