Athletic Footwear Market revenues will surge at a CAGR of 4.5% between 2021 and 2031

Recently published Fact.MR intelligence on the global athletic footwear market forecasts a steady growth outlook, expecting an increase of 4.5% in value CAGR terms. As per the report, the market will be valued at over US$ 124 Bn by the end of the 2021-2031 assessment period. As of 2021, the market is positioned to reach US$ 79.52 Bn.

Historical projections reflect an identical growth trail, with a recorded CAGR of around 4% from 2016-2020 and reaching US$ 76.19 Bn in value terms. Demand underwent a dual transformation amid the COVID-19 pandemic, initially contracting sharply amid restrictions on outdoor sporting events, eventually regaining momentum as fitness enthusiasts began investing their time in sports activities across residential settings.

The athletic footwear market is influenced by several pluses such as mid foot balancing, cushioning, better speed control, anti-friction properties, comfort, breathability slowing down perspiration, new innovations in footwear which further improve their functionality such as reduction in weight and heel stabilization and easy availability.

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Athletic Footwear Market – Scope of Report:

A latest publication by Fact.MR on the global Athletic Footwear market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2021-2031.

Important indicators for the successful growth of the Athletic Footwear market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Athletic Footwear supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Terminal Tractor, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Competitive Landscape

• Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
  • In April 2021, Asics launched the latest METASPEED Edge- which enables more runner to strive for their best time without adapting their running style. The design of METASPEED™ Edge is ideal for cadence-style runners by helping them extend their stride length and improve their overall efficiency.
  • In Sept 2021, Skechers announced the launch of the all-new skechers GOrun Razor excess for men, which builds on the popularity of the award-winning Gorun Razor 3. The product is designed for every kind of runner, which deliver a swift and comfortable run with highly responsive, ultra-lightweight and durable HYPER BURST cushioning, as well as Goodyear rubber technology for enhanced traction, stability and durability.

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Report benefits & key questions answered

• Post covid consumer spending on Terminal Tractor: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
• Athletic Footwear demand outlook: the market intelligence study reports highlights the factor propelling the demand for Pulse Oximeters. As per the study, the demand for Athletic Footwear will grow through 2031.
• Athletic Footwear historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2021-2031.
• Athletic Footwear consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Athletic Footwear Market Segmentations:

• Product Type

  • Running Athletic Shoes
  • Athleisure Shoes
  • Gym/ Aerobics Athletic Shoes
  • Backpacking Athletic Shoes
  • Trekking Athletic Boots
  • Rugged Athletic Boots
  • Specialty Athletic Boots
  • Mountaineering Athletic Boots
  • Other Athletic Footwear

• Distribution Channel

  • Athletic Footwear Sales via Hypermarkets/Supermarkets
  • Athletic Footwear Sales via Departmental Stores
  • Athletic Footwear Sales via Speciality Stores
  • Athletic Footwear Sales via Online Retail
  • Athletic Footwear Sales via Sport Stores
  • Athletic Footwear Sales via Other Channels

• Price-based

  • Economy Athletic Footwear
  • Mid-range Athletic Footwear
  • Premium Athletic Footwear
  • Super-Premium Athletic Footwear

• Demographics

  • Athletic Footwear for Men
  • Athletic Footwear for Women
  • Athletic Footwear for Kids

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