Expert Market Research’s new report titled ‘Global Sports Footwear Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global sports footwear market, assessing the market on the basis of its segments like category, gender, distribution channel and regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
• Forecast CAGR (2022-2027): 5.2%
Market Overview (2017-2027)
Heightened public awareness of health and fitness due to the outbreak, with people of all ages practicing sports such as cycling, trekking, and running, among others, is expected to fuel the expansion of the market . Rising awareness of the benefits of physical activity on mental and psychological health is expected to drive market growth in 2020, especially after long periods of immobility. Furthermore, growing awareness of the need to wear proper footwear to avoid leg injuries is leading to technological and inventive advancements in manufacturing techniques, which are expected to propel the growth of the market throughout the forecast period. .
Industry definition and major segments
Athletic shoes are footwear designed to provide optimal comfort while participating in physical activities such as hiking, running, and other sports. Flexibility, durability and stability are all features of these shoes. Athletic shoes, unlike sneakers or other types of footwear, are designed for comfort and utility.
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On the basis of category, the market is segmented into:
• Aerobic shoes
• Running shoes
• Walking shoes
• Trekking and hiking shoes
• Sport shoes
On the basis of gender, the market is split into:
Based on the distribution channel, the market is classified as follows:
• On line
On the basis of region, the market is segmented into:
• North America
• Latin America
• Middle East and Africa
The increase in the purchasing power of the customers due to the increase in their disposable income can be attributed to the increasing expansion of the sports shoes market. People are willing to spend more on many performance qualities such as comfortable cushioning, waterproof quality, unique designs, and friction regulation, among others, due to advancements in manufacturing processes, which are also catalyzing the market expansion. In addition, the sports shoes market is further boosted by the emergence of distribution methods such as e-commerce websites and an extensive network of retail channels. Additionally, the industry is witnessing a good growth owing to the increasing influence of social media, as sports shoes are becoming more popular among young customers through these media, supporting the growth of the market.
Main market players
Major market players include Adidas AG, ASICS Corporation, Fila Inc., Nike, Inc., Reebok International Ltd., Puma SE and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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