Global Athletic Footwear Market Report 2022: A $91.98 Billion Market by 2026 – Long-term Forecasts to 2031
DUBLIN, Oct. 7, 2022 /PRNewswire/ — The “Athletic Footwear Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
The global athletic footwear market is expected to grow from $71.18 billion in 2021 to $76.72 billion in 2022 at a compound annual growth rate (CAGR) of 7.78%. The athletic footwear market is expected to grow to $91.98 billion in 2026 at a compound annual growth rate (CAGR) of 4.64%.
North America was the largest region in the athletic footwear market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the athletic footwear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The athletic footwear market research report is one of a series of new reports that provides athletic footwear market statistics, including athletic footwear industry global market size, regional shares, competitors with an athletic footwear market share, detailed athletic footwear market segments, market trends and opportunities, and any further data you may need to thrive in the athletic footwear industry. This athletic footwear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The rising number of sports tournaments is expected to propel the growth of the athletic footwear market. Sports tournaments refer to competitions, in which large sections of players compete against each other in a specific format to determine the overall winner. Individuals are increasingly participating in local or regional tournaments, to display their skills and represent themselves on the global stage for their country.
Sports professionals and enthusiasts enrolled in various sports tournaments are mandated to wear athletic footwear to conduct a safe and competitive tournament. For instance, In February 2020, the International Cricket Council (ICC), the governing body of cricket, figured that T20 international cricket had witnessed a 14% growth in global participation. There was a 110% increase in associate member women’s T20 matches. Therefore, the rising number of sports tournaments will drive the growth of the athletic footwear market during the forecast period.
The use of recycled material in shoe manufacturing is a key trend gaining popularity in the athletic footwear market. The companies operating in athletic footwear are focusing on utilizing recycled materials in shoes to reduce the carbon footprint, and meet their organization’s specific sustainable goals.
For instance, In April 2022, Decathlon S.A., a French sporting goods company launched Traxium Compressor, a football shoe completely manufactured from recycled thermoplastic derived from end-of-life sporting goods such as plastic balls, shoes, and others. Additionally, in June 2021, Adidas, a manufacturer of apparel, shoes, clothing, and accessories, launched the Solarthon golf shoes, whose upper parts are made from 50% recycled parley ocean plastic.
In March 2022, Authentic Brands Group (ABG), an American brand management company, acquired Reebok from Adidas AG for $2.5 billion. Post-acquisition, ABG is focused on establishing Reebok Design Group (RDG) in partnership with SPARC Group, for design, development, and innovation for footwear and apparel. Adidas AG is a Germany-based manufacturer of shoes, clothing, and accessories.
The countries covered in the athletic footwear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Major players in the athletic footwear market are
- Adidas AG
- ASICS Corporation
- Under Armour
- Lotto Sport
- New Balance
- Wolverine World Wide
- Columbia Sportswear
- The Aldo Group
Key Topics Covered:
1. Executive Summary
2. Athletic Footwear Market Characteristics
3. Athletic Footwear Market Trends And Strategies
4. Impact Of COVID-19 On Athletic Footwear
5. Athletic Footwear Market Size And Growth
5.1. Global Athletic Footwear Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Athletic Footwear Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Athletic Footwear Market Segmentation
6.1. Global Athletic Footwear Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Running Shoes
- Sports Shoes
- Trekking/Hiking Shoes
6.2. Global Athletic Footwear Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Athletic Footwear Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Specialty Stores
- Brand Outlets
- Online Channels
7. Athletic Footwear Market Regional And Country Analysis
7.1. Global Athletic Footwear Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Athletic Footwear Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
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