The Global Athletic Footwear Market size was valued at around USD 135 billion in 2023 and is expected to grow at a compound annual growth rate or CAGR of 4% from 2024-30.
Key Findings of the Study: Athletic Footwear Market
Global Athletic Footwear Market Driver: Inclination Towards Sports & Physical activities
The increasing global interest in sports and other fitness activities led to a boost in the market and also registered further growth. With the rising popularity of sports and fitness footwear, it facilitates gaining more and more consumer attention in the market. Footwear that provides comfort gradually minimizes the chance of injury and provides support is always in high demand. Even the realization of regular exercise contributes to the Athletic Footwear Market Growth. For Instance:
In April 2024, Adidas introduced 49 styles of shoes to choose from, 9 sponsored nations, and the 2024 Olympic and Paralympic Games in Paris.
Moreover, an increasing number of sports tournaments is also expected to affect the market growth graph. Several tournaments are being organized, local, regional, and many more, and numerous individuals are participating in them to display their skills & expertise. Hence, with the growing participation in the tournaments, there is a high demand for athletic footwear, further driving the market growth.
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Scope of the Report and Athletic Footwear Market Segmentation
By Type of Footwear
-Aerobic Shoes
-Running Shoes
-Walking Shoes
-Trekking & Hiking Shoes
-Sports Shoes
- Running Shoes hold the largest share of the Athletic Footwear Market.
By Sport Type
-Cricket
-Football
-Tennis
-Basketball
-Other
By End User
-Men
-Women
-Children
By Price Range
-Up to USD 25
-USD 26 to 50
-USD 51 to 100
-Above USD 100
By Sales Channel
-Supermarkets & Hypermarkets
-Brand Outlets
-Sports Goods Stores
-Online
Top leading companies in the Athletic Footwear Market includes:
Adidas AG, Nike Inc., PUMA SE, ASICS Corporation, Fila Inc., Under Armour Inc., Li-Ning Company Limited, Skechers USA, Inc., Reebok International Ltd., New Balance Athletics, Inc., Brooks Sports, Inc., VF Corporation, US Polo Association, Xtep International Holdings Ltd, 361 Degrees International Ltd, Qiaodan Sports Co Ltd, and Others
Athletic Footwear Market Development
- June 2024: Nike introduced the Converse Run Star Trainer, a low-profile shoe made from the ground up, blending retro and modern aesthetics. The outline is inspired by Converse’s deep history in sports, but created for modern life.
- June 2024: PUMA declared a global alliance with HYROX, the world series of fitness racing. The association notices PUMA become the official apparel and footwear partner for all HYROX races from 2024 to 2027.
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Geographical analysis:
North America: The US, Canada, Mexico
Europe: Germany, The UK, France, Italy, Spain, The Netherlands, Belgium, Switzerland, Nordic Countries, Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Colombia, Peru, Rest of South America
Middle East & Africa: Saudi Arabia, The UAE, South Africa, Egypt, Morocco, Nigeria, Rest of the Middle East & Africa
- As per the regional aspect, the Athletic Footwear Market is expected to be dominated by North America by capturing the potential market share.
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