Sports Footwear Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2025
“Globally, the market is predicted to grow at a significant CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the sports footwear market.�
The global sports footwear market is subject to witness a substantial growth due to the rising enthusiasm towards sporting events, increasing focus towards fitness activities, and growing penetration of retail ecommerce sector across the globe. Additionally, rising disposable income and health consciousness among young population in both developed and developing economies worldwide are anticipated to drive the growth of the athletic footwear sales market over the forecast period. Globally, the market is predicted to grow at a significant CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the sports footwear market. Changing lifestyle patterns and increasing participation in sports related activities by young population are estimated to fuel market growth in upcoming years. Increasing awareness about health benefits associated with sports and fitness activities such as improved health and reduced the risk of chronic disorders are boosting market demand of sports footwear. Additionally, sports and fitness activities helps to limit depression, cardiovascular diseases, and diabetes. Such factors are leading to the soaring demand of sports and fitness activities. Rising adoption of athletic footwear during sports activities in order to avert injuries to leg muscle, knee pain, hip pain, and back pain, is leading to substantial purchase of athletic footwea r in North America and Asia Pacific’s market. Additionally, lowering cost of the athletic footwear in Asia-Pacific market is expected to augment market demand in near future. The recent development of innovative manufacturing