Sports Footwear Market – Global Industry Insights, Trends and Growth Opportunity Analysis to 2025

Posted on 2019-12-26 by researchinsights in Consumer Services, Small Business // 0 Comments

26^th Dec 2019 – The global Sports Footwear Market is subject to witness a substantial growth due to the rising enthusiasm towards sporting events, increasing focus towards fitness activities, and growing penetration of retail e-commerce sector across the globe. Additionally, rising disposable income and health consciousness among young population in both developed and developing economies worldwide are anticipated to drive the growth of the athletic footwear sales market over the forecast period. Globally, the market is predicted to grow at a significant CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the sports footwear market.

Changing lifestyle patterns and increasing participation in sports related activities by young population are estimated to fuel market growth in upcoming years. Increasing awareness about health benefits associated with sports and fitness activities such as improved health and reduced the risk of chronic disorders are boosting market demand of sports footwear. Additionally, sports and fitness activities helps to limit depression, cardiovascular diseases, and diabetes. Such factors are leading to the soaring demand of sports and fitness activities.

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Rising adoption of athletic footwear during sports activities in order to avert injuries to leg muscle, knee pain, hip pain, and back pain, is leading to substantial purchase of athletic footwear in North America and Asia Pacific’s market. Additionally, lowering cost of the athletic footwear in Asia-Pacific market is expected to augment market demand in near future. The recent development of innovative manufacturing technology that is increasingly adopted by industry players, has led to production of high performing and comfortable sports shoes.

For example, advent of a forged mesh technology, that allows development of a single layer shoe with a ribbed pattern on the upper portion with help of ARAMIS, which is a motion capture technology, has gained a lot of appreciation and demand from North America and European region. ARAMIS technology, developed by Adidas, Inc., helps to identify amount of the strain exerted on the foot.

These technologies are helping sports players by providing required level of comfort, adequate support and flexibility along the ankle to ensure free and faster foot movement. Athletic footwear sales market is divided into five brad categories such as aerobic shoes, running & walking shoes, trekking & hiking shoes, and sports shoes.

The major players in global market include

Adidas
Nike
New Balance
Under Armour
ASICS
MIZUNO
Puma
Lining
Ecco
Kswiss
Skecher
ANTA
361
PEAK
China Dongxiang
Xtep
Guirenniao

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Market Size Split by Type

Adult Sports Footwear
Children Sports Footwear

Market Size Split by Application

Competition
Amateur Sports
Lifestyle

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