IMARC Group, a leading market research company, has recently releases report titled “Athletic Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global athletic footwear market size, share, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Athletic Footwear Market

Athletic footwear encompasses specialized shoes crafted for sports and various activities, such as running, exercising, jogging, aerobic dancing, and recreational hobbies. These shoes are manufactured utilizing lightweight materials consisting of leather, wood, rubber, plastic, jute, breathable knit polyester, and nylon mesh. In comparison to conventional alternatives, athletic footwear features a firmer sole and offers additional cushioning, flexibility, adjustability, durability, and stability. They even provide comfort, optimal arch support, and protection, enhancing athletic performance while preventing foot injuries and issues, such as fungal infections, corns, and ingrown toenails. Consequently, athletic footwear finds widespread applications across the globe.

How Big Is the Athletic Footwear Market?

The global athletic footwear market size reached US$ 116.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 189.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

Global Industry Trends and Drivers:

The elevating engagement in sports, physical activities, and home workout routines, owing to the growing health consciousness among individuals and the expanding adoption of athletic footwear by athletes and climbers as a preventive measure against muscle and leg injuries while reducing strain on the knees and back are primarily driving the athletic footwear market. Besides this, the introduction of lightweight athletic shoes featuring mesh fabric layers for enhanced air circulation and durability further stimulates market expansion. Additionally, the escalating focus of key manufacturers in developing innovative products with unique designs and superior comfort and the shifting preferences toward premiumization and customization, aiming for superior quality and design in athletic shoes, are also positively influencing the market growth. Moreover, the launch of athletic shoes manufactured using environmentally friendly materials, the increasing availability of products through e-commerce platforms, and the development of smart footwear that tracks physical activity data on connected devices are expected to fuel the market in the coming years.

Athletic Footwear Market Growth and Opportunities:

The athletic footwear market is expected to witness significant growth and offers several opportunities for industry players. One key growth factor is the increasing health and fitness consciousness among consumers, leading to higher demand for athletic footwear for sports and exercise activities. The rising participation in recreational sports and outdoor activities further contributes to market growth. Additionally, the growing popularity of athleisure fashion and the trend of wearing athletic footwear as casual footwear present opportunities for market expansion. Moreover, technological advancements in materials and designs, such as lightweight and durable fabrics, advanced cushioning systems, and improved traction, are driving product innovation and attracting consumers. The e-commerce boom has also opened up new avenues for market growth, providing convenient online platforms for consumers to purchase athletic footwear. Furthermore, emerging markets, particularly in Asia-Pacific and Latin America, offer untapped opportunities for market expansion due to increasing disposable incomes and changing lifestyles. Overall, the athletic footwear market is poised for growth, driven by shifting consumer preferences, technological advancements, and expanding market reach.

What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

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

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Who Are The Key Players Operating In The Industry?

The report covers the major market players including:

• 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.