Athletic Footwear Market Benefit and Volume 2022 with Status and Prospect to 2030

Posted by Pearl Smith on February 6th, 2023

Athletic footwear are those which are made to be worn at exercising, other recreational activities and mainly in sports. And currently they are used in jogging, aerobics and other activities. It enhances the comfort and performance and mostly essentially it helps one to be aware and also prevents one from the injuries. Sneakers are mostly widely used sportswear as they are used in gym, for playing tennis, for kicking and also for running and other activities.

Major companies operating in the global athletic footwear market are Adidas Group, New Balance, Nike, Inc., Under Armour, Inc., K- Swiss, Crocs, Inc., Geox SpA, Wolverine World Wide, Inc., Skechers U.S.A., Inc. and Puma AG

14Market Key Drivers:

★ Companies are constantly enhancing the features of the athletic footwear to offer high durability, look and the comfort which is anticipated to fuel the growth of the global athletic footwear market. For instance, Nike has launched zoom X foam shoes that is made with the modern technology of the carbon fiber plate which enhances the running efficacy of the sports person in the year 2018.

★Furthermore, rising sports infrastructure services leading to the rising usage of the sports shoes by the athletes and the runners is anticipated to aid in the growth of the global athletic footwear market. For instance, a real estate company, Savvy Group approved a world class sports club for directing sports practice and the events of sports at Ahmedabad in the year February 2020.

Some key takeaways about the athletic footwear market are:

✦Growing demand: The athletic footwear market is driven by the increasing demand for sportswear and footwear, especially among millennials and Generation Z.

✦Advancements in technology: The use of new materials and technologies in the production of athletic footwear has resulted in improved comfort, fit, and performance.

✦Segmentation: The market is segmented by product type (running shoes, training shoes, basketball shoes, etc.), end-user (men, women, kids), and geography (North America, Europe, Asia Pacific, etc.).

✦Online sales: Online sales have become a major channel for the sale of athletic footwear, driven by the increasing popularity of e-commerce and the convenience it offers consumers.

✦Growing competition: The market is highly competitive, with new entrants constantly entering the market and existing players constantly looking to expand their market share.