Athletic Footwear Market is Expected to Grow at a CAGR of 2.1% by 2022, Globally

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.

To Know More About Athletic Footwear Market, Visit: https://www.alliedmarketresearch.com/athletic-footwear-market

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