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Global Athletic Footwear Market Size, Share & Industry Trends Analysis Report By Type (Running Shoes, Trekking & Hiking Shoes, Sports Shoes, Walking Shoes), By End User, By Regional Outlook and Forecast, 2022-2028

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    Report

  • 174 Pages
  • April 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5600877

FEATURED COMPANIES

  • Adidas AG
  • ASICS Corporation
  • FILA Holdings Corporation
  • Lotto Sport Italia Spa
  • Nike, Inc.
  • PUMA SE
The Global Athletic Footwear Market size is expected to reach $171.9 billion by 2028, rising at a market growth of 4.7% CAGR during the forecast period.

Athletic footwear refers to shoes that are designed for sports and other outdoor activities. People of all ages are wearing these as casual and fashion footwear. To meet the requirements and purchasing capacity of individual clients, there is a wide availability of footwear with colour, design, and pricing options.

Athletic footwear is a generic term for shoes that are designed to be worn while participating in sports. Sports shoes are primarily intended for use in active sports or other types of physical activity. They are necessary for athletes because they give flexibility, stability or motion control, road traction, torsional stability, and other advantages. Because of the expanding number of sporting competitions, demand for the product is increasing at a rapid pace. Furthermore, sports like football, baseball, hockey, and others attract a large number of participants, propelling market expansion. Cricket has seen active involvement from both males and females, as per the Australian National Cricket Census. Furthermore, approximately 1.5 million Australians participate in cricket programs or competitions. As a result, an increase in the number of people participating in sports is anticipated to boost the market.

Nike, Inc., Adidas AG, Skechers USA, Inc., and New Balance Athletics, Inc. are among the market's leading players, focused on creating revolutionary technologies to improve the stability and comfort of sports shoes. Adidas AG, for example, has developed a Forged Mesh, a single-layer shoe upper with a ribbed pattern built utilising ARAMIS motion capture technology to determine foot strain. To enable unfettered foot mobility, the technology helps offer optimum flexibility and suitable support along the ankle. Adaptive Traxion, Boost, Bounce, Climachill, Promeknit, and Stableframe are some of Adidas AG's other proprietary innovations.



COVID-19 Impact Analysis

Covid-19 has had a big impact on the sports footwear and apparel industries in the United States. In terms of brands, Nike brand footwear sales were down in the high teens, Jordan brand footwear was down in the low teens, and Converse sales were down by more than 30%. Adidas, Skechers, ASICS, and Vans all saw a drop in the teens, while Under Armour had a 25% drop and Fila saw a nearly 50% drop. The global athletic footwear market has been severely impacted by the COVID-19 pandemic. Due to the closure of key distribution routes around the world in an attempt to limit the spread of coronavirus, the COVID-19 pandemic had a substantial impact on the supermarkets/hypermarkets category.

Market Growth Factors:


The rise in the number of Government initiatives

Consumers" expanding purchasing power and disposable incomes have become crucial trends in the industry. As people's income levels rise, they"re more willing to pay more for certain performance qualities including waterproofing, moisture management, temperature control, and friction regulation. Moreover, the growing number of different retail locations, hypermarkets, and supermarkets is expected to impact the market in the upcoming years. Global, regional, and municipal governments are focusing on health and developing innovative tactics to raise people's attention to the benefits of physical activity. Several wealthy countries" government bodies are continually working to build enticing healthcare offers. This will generate a higher demand for athletic footwear at the same time, as a large section of the population will be interested in sports and fitness activities.

Increasing participation in sports and physical activities

The global market is characterized by the rising prevalence of chronic diseases due to a lack of activity and a growing health-conscious population, particularly in metropolitan areas. In addition, sports shoe demand is expected to rise as more emerging countries focus on creating gyms and sports infrastructure. According to the 2019 International Health & Fitness Association Report, the global fitness club membership grew by 183 million people. In recent years, there has been an increased sports involvement by children and teenagers.

Marketing Restraining Factor:


Availability of low-cost local products

The manufacturers in the market is expected to witness many challenges including a lack of sports possibilities and a reduced penetration of high-cost sports footwear in rural areas and low-income countries. In addition, the availability of low-cost counterfeit products, as well as the rise of various small-scale market participants, has created a threat to high-priced branded footwear. Moreover, there are many local players in many countries who are offering similar types of shoes at low-cost in order to entice young consumers, thereby posing a big challenge for the established industry players.



Type Outlook

Based on Type, the market is segmented into Running Shoes, Trekking & Hiking Shoes, Sports Shoes, Walking Shoes, and Aerobic Shoes. The Trekking & Hiking Shoe segment obtained a significant revenue share of the Athletic Footwear Market in 2021. This is because of technical improvements in these shoes that have assured improved comfort and flexibility for hikers. For example, in collaboration with Salewa, W.L. Gore & Associates, Inc. introduced the first iteration of surround technology. GORE-TEX laminates are integrated into the shoe upper of trekking and hiking shoes to encircle the foot from all sides and expel sweat and heat through side ventilation.

End-User Outlook

Based on End User, the market is segmented into Men, Women, and Children. In 2021, the Men segment garnered the highest revenue share of the Athletic Footwear Market. This is credited to the male population's proclivity for sports and other physical activities. According to the United States Bureau of Labor Statistics, males spent an average of 5.7 hours in sports activities per day in 2018, while women spent 4.9 hours. In addition, the percentage of male as compared to women in major sports are high, hence boosting the demand for athletic footwear among men.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2021, Asia Pacific emerged as the leading region in the overall Athletic Footwear Market. Increased levels of disposable income and increased e-commerce penetration are predicted to fuel demand for sports footwear in the Asia Pacific. Increasing interest in participation in various sporting events, such as the Asian Games, the ICC Cricket World Cup, and the ACC Asia Cup, is aiding the regional market's expansion.

Athletic Footwear Market Competition Analysis



The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Nike, Inc. are the forerunners in the Athletic Footwear Market. Companies such as FILA Holdings Corporation and Under Armour, Inc. are some of the key innovators in the Market.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Adidas AG, ASICS Corporation, FILA Holdings Corporation, Under Armour, Inc., Nike, Inc., PUMA SE, VF Corporation, Lotto Sport Italia Spa, and New Balance Athletics, Inc.

Recent Strategies Deployed in Athletic Footwear Market


Partnerships, Collaborations and Agreements:

  • Mar-2022: PUMA SAFETY formed a partnership with Shoes For Crews, the global leader and pioneer in slip-resistant footwear. Together, the companies aimed to transform the future of athletic security starting with a line of advanced slip-resistant enterprise safety footwear.
  • Feb-2022: FILA formed a partnership with KROST, an American-based brand awareness brand. Through this partnership, the companies aimed to introduce KROST x FILA, upraised apparel, accessories, and footwear collection featuring superior materials and fabrics. Additionally, the new capsule offers FILA's iconic convention with its use of classic silhouettes and the brand's trademark red, white, and navy hues, while preserving the sharp clean aesthetic built within KROST.
  • Feb-2022: New Balance Athletics formed a partnership with Myntra, an Indian fashion e-commerce company. Through this partnership, New Balance aimed to launch a variety of products including women and men across bags, apparel, footwear, and sports accessories on Myntra. Additionally, the partnership is expected to give a compelling jump to the growing domestic sports and fitness division as it opens up one of the largest markets to the leading brand, assuming Myntra's booming consumer base and dept reach, while also providing a dominant brand in the global fitness and sports.
  • Apr-2021: New Balance Athletics came into a partnership with Boston College Eagles, the athletic teams that represent Boston College. Through this partnership, New Balance Athletics is expected to be the official Apparel, Footwear and uniforms supplier for the Eagles.
  • May-2020: Adidas came into a partnership with Allbirds, a New Zealand-American company that sells footwear and apparel. Through this partnership, the companies aimed to develop production and supply chain procedures and explore renewable element resources. Additionally, together companies aimed to generate less carbon footprint ever registered for a sports performance shoe.

Acquisitions and Mergers:

  • Dec-2021: NIKE completed the acquisition of RTFKT, a developer of custom sneakers designed for video game enthusiasts. This acquisition aimed to boost Nike's digital upgradation and enable to serve creators and athletes at the convergence of creativity, culture, gaming, and sports.

Product Launches and Product Expansions:

  • Feb-2022: ASICS introduced GEL-NIMBUS 24 running shoe. The ASICS shoes provide enhanced and combined FF BLAST PLUS technology to provide almost 20 grams lighter1 than its ancestor while offering a more empowering toe-off and a softer touch in every step.
  • Feb-2021: Nike introduced Go FlyEase, a sports shoe with no laces, zips, or other fastenings. The Go FlyEase offers extended out the shoe and breaks down the back technique.
  • Sep-2020: Adidas introduced adizero adios Pro. The shoes offer carbon induce EnergyRods, an all-new innovation that was designed on the award-winning success of the adizero family. 

Scope of the Study


Market Segments Covered in the Report:


By Type
  • Running Shoes
  • Trekking & amp; Hiking Shoes
  • Sports Shoes
  • Walking Shoes
  • Aerobic Shoes
By End User
  • Men
  • Women
  • Children

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players


List of Companies Profiled in the Report:

  • Adidas AG
  • ASICS Corporation
  • FILA Holdings Corporation
  • Under Armour, Inc.
  • Nike, Inc.
  • PUMA SE
  • VF Corporation
  • Lotto Sport Italia Spa
  • New Balance Athletics, Inc.

Unique Offerings from the Publisher

  • Exhaustive coverage
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  • Assured post sales research support with 10% customization free

FEATURED COMPANIES

  • Adidas AG
  • ASICS Corporation
  • FILA Holdings Corporation
  • Lotto Sport Italia Spa
  • Nike, Inc.
  • PUMA SE

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Athletic Footwear Market, by Type
1.4.2 Global Athletic Footwear Market, by End User
1.4.3 Global Athletic Footwear Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.1 Market Share Analysis, 2020
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.2.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Jan - 2022, Feb) Leading Players
Chapter 4. Global Athletic Footwear Market by Type
4.1 Global Running Shoes Market by Region
4.2 Global Trekking & Hiking Shoes Market by Region
4.3 Global Sports Shoes Market by Region
4.4 Global Walking Shoes Market by Region
4.5 Global Aerobic Shoes Market by Region
Chapter 5. Global Athletic Footwear Market by End-user
5.1 Global Men Market by Region
5.2 Global Women Market by Region
5.3 Global Children Market by Region
Chapter 6. Global Athletic Footwear Market by Region
6.1 North America Athletic Footwear Market
6.1.1 North America Athletic Footwear Market by Type
6.1.1.1 North America Running Shoes Market by Country
6.1.1.2 North America Trekking & Hiking Shoes Market by Country
6.1.1.3 North America Sports Shoes Market by Country
6.1.1.4 North America Walking Shoes Market by Country
6.1.1.5 North America Aerobic Shoes Market by Country
6.1.2 North America Athletic Footwear Market by End-user
6.1.2.1 North America Men Market by Country
6.1.2.2 North America Women Market by Country
6.1.2.3 North America Children Market by Country
6.1.3 North America Athletic Footwear Market by Country
6.1.3.1 US Athletic Footwear Market
6.1.3.1.1 US Athletic Footwear Market by Type
6.1.3.1.2 US Athletic Footwear Market by End-user
6.1.3.2 Canada Athletic Footwear Market
6.1.3.2.1 Canada Athletic Footwear Market by Type
6.1.3.2.2 Canada Athletic Footwear Market by End-user
6.1.3.3 Mexico Athletic Footwear Market
6.1.3.3.1 Mexico Athletic Footwear Market by Type
6.1.3.3.2 Mexico Athletic Footwear Market by End-user
6.1.3.4 Rest of North America Athletic Footwear Market
6.1.3.4.1 Rest of North America Athletic Footwear Market by Type
6.1.3.4.2 Rest of North America Athletic Footwear Market by End-user
6.2 Europe Athletic Footwear Market
6.2.1 Europe Athletic Footwear Market by Type
6.2.1.1 Europe Running Shoes Market by Country
6.2.1.2 Europe Trekking & Hiking Shoes Market by Country
6.2.1.3 Europe Sports Shoes Market by Country
6.2.1.4 Europe Walking Shoes Market by Country
6.2.1.5 Europe Aerobic Shoes Market by Country
6.2.2 Europe Athletic Footwear Market by End-user
6.2.2.1 Europe Men Market by Country
6.2.2.2 Europe Women Market by Country
6.2.2.3 Europe Children Market by Country
6.2.3 Europe Athletic Footwear Market by Country
6.2.3.1 Germany Athletic Footwear Market
6.2.3.1.1 Germany Athletic Footwear Market by Type
6.2.3.1.2 Germany Athletic Footwear Market by End-user
6.2.3.2 UK Athletic Footwear Market
6.2.3.2.1 UK Athletic Footwear Market by Type
6.2.3.2.2 UK Athletic Footwear Market by End-user
6.2.3.3 France Athletic Footwear Market
6.2.3.3.1 France Athletic Footwear Market by Type
6.2.3.3.2 France Athletic Footwear Market by End-user
6.2.3.4 Russia Athletic Footwear Market
6.2.3.4.1 Russia Athletic Footwear Market by Type
6.2.3.4.2 Russia Athletic Footwear Market by End-user
6.2.3.5 Spain Athletic Footwear Market
6.2.3.5.1 Spain Athletic Footwear Market by Type
6.2.3.5.2 Spain Athletic Footwear Market by End-user
6.2.3.6 Italy Athletic Footwear Market
6.2.3.6.1 Italy Athletic Footwear Market by Type
6.2.3.6.2 Italy Athletic Footwear Market by End-user
6.2.3.7 Rest of Europe Athletic Footwear Market
6.2.3.7.1 Rest of Europe Athletic Footwear Market by Type
6.2.3.7.2 Rest of Europe Athletic Footwear Market by End-user
6.3 Asia Pacific Athletic Footwear Market
6.3.1 Asia Pacific Athletic Footwear Market by Type
6.3.1.1 Asia Pacific Running Shoes Market by Country
6.3.1.2 Asia Pacific Trekking & Hiking Shoes Market by Country
6.3.1.3 Asia Pacific Sports Shoes Market by Country
6.3.1.4 Asia Pacific Walking Shoes Market by Country
6.3.1.5 Asia Pacific Aerobic Shoes Market by Country
6.3.2 Asia Pacific Athletic Footwear Market by End-user
6.3.2.1 Asia Pacific Men Market by Country
6.3.2.2 Asia Pacific Women Market by Country
6.3.2.3 Asia Pacific Children Market by Country
6.3.3 Asia Pacific Athletic Footwear Market by Country
6.3.3.1 China Athletic Footwear Market
6.3.3.1.1 China Athletic Footwear Market by Type
6.3.3.1.2 China Athletic Footwear Market by End-user
6.3.3.2 Japan Athletic Footwear Market
6.3.3.2.1 Japan Athletic Footwear Market by Type
6.3.3.2.2 Japan Athletic Footwear Market by End-user
6.3.3.3 India Athletic Footwear Market
6.3.3.3.1 India Athletic Footwear Market by Type
6.3.3.3.2 India Athletic Footwear Market by End-user
6.3.3.4 South Korea Athletic Footwear Market
6.3.3.4.1 South Korea Athletic Footwear Market by Type
6.3.3.4.2 South Korea Athletic Footwear Market by End-user
6.3.3.5 Singapore Athletic Footwear Market
6.3.3.5.1 Singapore Athletic Footwear Market by Type
6.3.3.5.2 Singapore Athletic Footwear Market by End-user
6.3.3.6 Malaysia Athletic Footwear Market
6.3.3.6.1 Malaysia Athletic Footwear Market by Type
6.3.3.6.2 Malaysia Athletic Footwear Market by End-user
6.3.3.7 Rest of Asia Pacific Athletic Footwear Market
6.3.3.7.1 Rest of Asia Pacific Athletic Footwear Market by Type
6.3.3.7.2 Rest of Asia Pacific Athletic Footwear Market by End-user
6.4 LAMEA Athletic Footwear Market
6.4.1 LAMEA Athletic Footwear Market by Type
6.4.1.1 LAMEA Running Shoes Market by Country
6.4.1.2 LAMEA Trekking & Hiking Shoes Market by Country
6.4.1.3 LAMEA Sports Shoes Market by Country
6.4.1.4 LAMEA Walking Shoes Market by Country
6.4.1.5 LAMEA Aerobic Shoes Market by Country
6.4.2 LAMEA Athletic Footwear Market by End-user
6.4.2.1 LAMEA Men Market by Country
6.4.2.2 LAMEA Women Market by Country
6.4.2.3 LAMEA Children Market by Country
6.4.3 LAMEA Athletic Footwear Market by Country
6.4.3.1 Brazil Athletic Footwear Market
6.4.3.1.1 Brazil Athletic Footwear Market by Type
6.4.3.1.2 Brazil Athletic Footwear Market by End-user
6.4.3.2 Argentina Athletic Footwear Market
6.4.3.2.1 Argentina Athletic Footwear Market by Type
6.4.3.2.2 Argentina Athletic Footwear Market by End-user
6.4.3.3 UAE Athletic Footwear Market
6.4.3.3.1 UAE Athletic Footwear Market by Type
6.4.3.3.2 UAE Athletic Footwear Market by End-user
6.4.3.4 Saudi Arabia Athletic Footwear Market
6.4.3.4.1 Saudi Arabia Athletic Footwear Market by Type
6.4.3.4.2 Saudi Arabia Athletic Footwear Market by End-user
6.4.3.5 South Africa Athletic Footwear Market
6.4.3.5.1 South Africa Athletic Footwear Market by Type
6.4.3.5.2 South Africa Athletic Footwear Market by End-user
6.4.3.6 Nigeria Athletic Footwear Market
6.4.3.6.1 Nigeria Athletic Footwear Market by Type
6.4.3.6.2 Nigeria Athletic Footwear Market by End-user
6.4.3.7 Rest of LAMEA Athletic Footwear Market
6.4.3.7.1 Rest of LAMEA Athletic Footwear Market by Type
6.4.3.7.2 Rest of LAMEA Athletic Footwear Market by End-user
Chapter 7. Company Profiles
7.1 Adidas AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.2 ASICS Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Product Launches and Product Expansions:
7.3 FILA Holdings Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.4 Under Armour, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Product Launches AND Product Expansions:
7.5 Nike, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Acquisitions and Mergers:
7.5.4.2 Product Launches and Product Expansions:
7.6 PUMA SE
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.7 VF Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Recent strategies and developments:
7.7.4.1 Product Launches and Product Expansions:
7.8 Lotto Sport Italia Spa
7.8.1 Company Overview
7.9 New Balance Athletics, Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
  • Adidas AG
  • ASICS Corporation
  • FILA Holdings Corporation
  • Under Armour, Inc.
  • Nike, Inc.
  • PUMA SE
  • VF Corporation
  • Lotto Sport Italia Spa
  • New Balance Athletics, Inc.

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