ALBANY, N.Y.--(BUSINESS WIRE)--In its latest report, titled “Athletic Footwear Market - Global Industry Size, Market Share, Trends, Analysis and Forecast 2012-2018”, Transparency Market Research states that the global athletic footwear market, valued at US$74.7 billion in 2011, is projected to reach US$84.4 billion by 2018, registering a CAGR of 1.8% between 2012 and 2018.
According to the report, the global athletic footwear market, by demand, is dominated by Asia Pacific. Prevailing market trends indicate that Asia Pacific is anticipated to claim 41.6% of the market by the end of 2018. Europe is expected to emerge as the second largest market for athletic footwear shoes worldwide during the forecast period.
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According to the report, increased adherence to an active lifestyle by the majority of the global population and an overall rise in personal income will act as major driving forces fuelling market growth.
The report has segmented the global athletic footwear market into different categories. The consumer group segment, for instance, has been categorized into men, women, and kids. On the basis of distribution network, the market has been segmented into store-based retailing and non-store-based retailing.
Among the product segments, shoe inserts emerged as the leading segment, accounting for 36% of the overall athletic footwear market. The segment is expected to grow at a CAGR of 1.8%. However, the sports footwear market, which presently has 35% of the overall market share, is expected to register the fastest growth, at a CAGR of 2.1%, during the forecast period.
The report also provides a detailed competitive analysis of market leaders such as Adidas AG, Puma, Crocs, Under Armor Inc., Wolverine Worldwide Inc., Nike Inc., Skechers, New Balance, and Geox SpA.
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TMR is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.