Athletic Footwear Market
Opportunities and Forecasts, 2014 – 2021
Athletic Footwear Market: Future and Growth
Future and Growth of the Market •
The global market is expected to garner $114.8 billion by 2022
• CAGR of 2.1% during the period 2016 – 2022 • North America exhibited the highest penetration of aerobic and gym wear shoes in 2015 • Within the sport shoes category, soccer accounted for the momentous market share of 28.5% in 2015
Athletic Footwear Market: Factors Contributing to Market Growth
Factors Contributing to Market Growth • Due to their widespread adoption as daily wear shoes by consumers • Owing to consumers involvement in gym and dance classes in countries such as the U.S. And Canada • Due to growing popularity of the sport across the globe
• Increasing disposable income • Rising health awareness • Increasing demand for fashion footwear
Athletic Footwear Market : Key Factors
Key Factors of the Market: • Asia-Pacific is a lucrative market in terms of growth on account of increasing disposable income, rising health awareness, and increasing demand for fashionable athletic footwear
• Men segment is the highest revenue-generating segment in the global athletic footwear market followed by the women segment • Tennis shoes are expected to be the fastest moving shoes segment within the sport shoes market, followed by soccer shoes
Athletic Footwear Market Segmentation The Market is Segmented By Product Type & By User: By User: By Product Type: Sports shoes
Running and walking shoes
Hiking and backpacking shoes
Aerobic and gym wear shoes
Men Women Kids
Tennis Shoes Soccer Shoes Basketball Shoes
Cricket Shoes
Athletic Footwear Market Segmentation
Geographically, Market is segmented into: • North America exhibited the highest penetration of aerobic and gym wear shoes in 2015 • Asia-Pacific accounted for the highest revenue in 2015, followed by Europe • LAMEA also contributes in generating market revenue
Athletic Footwear Market: Key Players
Key Players of the Market • • • • • • • • •
Asics Corporation, Adidas AG and Puma SE, VF Corporation Nike, Inc. FILA, Inc. New Balance, Inc. Skechers Inc. K-Swiss and Wolverine World Wide, Inc.
Summary: The end users comprise men, women, and kids. The men segment occupied a prominent share of 52.5% in the global athletic footwear industry, followed by the women segment in 2015. The huge consumer base of men segment enabled it to acquire the largest market share in the global athletic footwear market. The kids segment is anticipated to witness the fastest CAGR of 2.4% during the forecast period. Moreover, penetration of athletic footwear is expected to increase amongst women in developing countries owing to increasing consciousness towards health and fitness.
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