Global Athletic Footwear Market Report 2023: Rising Health Consciousness Among Consumers Drives Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Athletic Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global athletic footwear market size reached US$ 116.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 189.8 Billion by 2028, exhibiting a CAGR of 8.55% during 2022-2028.

Companies Mentioned

• Adidas AG
• ASICS Corporation
• FILA Holdings Corp
• K-Swiss Inc.
• New Balance Inc.
• Nike Inc.
• Puma SE
• Reebok International Ltd
• Saucony
• SKECHERS Inc.
• Under Armour Inc.

Athletic footwear refers to shoes specially designed for sporting and other activities, such as running, exercising, jogging, aerobic dancing, and recreational hobbies. They are manufactured using lightweight materials, such as leather, wood, rubber, plastic, jute, breathable knit polyester, and nylon mesh.

As compared to traditional alternatives, athletic footwear has a stiffer sole and provides extra cushioning, flexibility, adjustability, durability, and stability. They also offer comfort, optimum arch support and protection, improve athletic performance, and prevent foot injuries and problems, such as fungal infections, corns, and ingrown toenails.

The increasing participation in sports and physical activities and home workout routines due to the rising health consciousness among the masses is creating a positive outlook for the market.

Additionally, the widespread product adoption by athletes and climbers to prevent muscle and leg injuries and remove excessive strain from the knee and back is acting as another growth-inducing factor. Apart from this, the introduction of lightweight athletic shoes made with mesh fabric layers enabling air-circulation and durability is providing an impetus to the market growth.

The key manufacturers are actively working to develop innovative products with unique designs and superior comfort, which is further creating a positive outlook for the market. Moreover, the increasing demand for premiumization and customization for superior quality and design of athletic shoes is positively impacting the market growth.

Besides this, the launch of athletic shoes manufactured with environmentally friendly materials, rising expenditure capacities of consumers, easy product availability across e-commerce platforms, and the development of smart footwear that gathers physical activity data on connected devices are anticipated to drive the market toward growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global athletic footwear market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, distribution channel and end user.

Breakup by Product Type:

• Aerobic Shoes
• Running Shoes
• Walking Shoes
• Trekking and Hiking Shoes
• Sports Shoes

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Specialty Stores
• Brand Outlets
• Online Channels

Breakup by End User:

• Men
• Women
• Kids

Key Questions Answered in This Report

1. What was the size of the global athletic footwear market in 2022?

2. What is the expected growth rate of the global athletic footwear market during 2023-2028?

3. What are the key factors driving the global athletic footwear market?

4. What has been the impact of COVID-19 on the global athletic footwear market?

5. What is the breakup of the global athletic footwear market based on the product type?

6. What is the breakup of the global athletic footwear market based on the distribution channel?

7. What is the breakup of the global athletic footwear market based on the end user?

8. What are the key regions in the global athletic footwear market?

9. Who are the key players/companies in the global athletic footwear market?

For more information about this report visit https://www.researchandmarkets.com/r/t9wr5m

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