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Exploring the Athletic Footwears Market with Growth Perspectives

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Athletic Footwear Market

Global Athletic Footwears Market Overview:

According to MarkNtel Advisors study 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. This is due to the rising awareness of health benefits and growing interest in sports and several associated activities. Nowadays, as the younger population is showing great enthusiasm towards sports to stay healthy & to include any one physical activity in their lifestyle, this, in turn, is instigating the demand for athletic footwear globally. Even building awareness towards health diseases like cardiovascular diseases, diabetes, obesity, depression, etc., being cured through physical activities such as Squash, swimming, cycling, running, basketball, and others, creates hype in the consumers towards athletic footwear. Also, individuals are recognizing the importance of using accurate sports shoes for different sports activities to prevent muscle injuries, leg injuries, knee pain, hip pain, and back pain. Thus, this demonstrates the growing demand graph in the Athletic Footwear Global Market.

Key Findings of the Study: Athletic Footwears market

Global Athletic Footwear Market Opportunity:

Companies Taking up Sustainable Revolution & Recycled Raw Material – Nowadays, there is a shift towards sustainability & eco-friendly production to reduce or limit carbon footprint. Thus, many of the organizations globally are taking several initiatives and producing athletic footwear using sustainable & recycled materials. For instance, Nike Pegasus Turbo Next Nature is made with 50% recycled material & has 100% recycled Flyknit yarns in its upper for a snugger fit. Consequently, the diversion of the footwear manufacturers towards sustainable & recycled material would create an opportunistic arena for the growth of the Athletic Footwear Market during 2024-30.

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Scope of the Athletic Footwears Market Report Segmentation

-By Type of Footwear

  • Aerobic Shoes – Market Size & Forecast, 2019-2030 (USD Million)
  • Running Shoes – Market Size & Forecast, 2019-2030 (USD Million)
  • Walking Shoes – Market Size & Forecast, 2019-2030 (USD Million)
  • Trekking & Hiking Shoes – Market Size & Forecast, 2019-2030 (USD Million)
  • Sports Shoes – Market Size & Forecast, 2019-2030 (USD Million)

-By Sport Type

  • Cricket – Market Size & Forecast, 2019-2030 (USD Million)
  • Football – Market Size & Forecast, 2019-2030 (USD Million)
  • Tennis – Market Size & Forecast, 2019-2030 (USD Million)
  • Basketball – Market Size & Forecast, 2019-2030 (USD Million)
  • Other – Market Size & Forecast, 2019-2030 (USD Million)

-By End User

  • Men – Market Size & Forecast, 2019-2030 (USD Million)
  • Women – Market Size & Forecast, 2019-2030 (USD Million)
  • Children – Market Size & Forecast, 2019-2030 (USD Million)

-By Price Range

  • Up to USD 25 – Market Size & Forecast, 2019-2030 (USD Million)
  • USD 26 to 50 – Market Size & Forecast, 2019-2030 (USD Million)
  • USD 51 to 100 – Market Size & Forecast, 2019-2030 (USD Million)
  • Above USD 100 – Market Size & Forecast, 2019-2030 (USD Million)

-By Sales Channel

  • Supermarkets & Hypermarkets – Market Size & Forecast, 2019-2030 (USD Million
  • Brand Outlets – Market Size & Forecast, 2019-2030 (USD Million)
  • Sports Goods Stores – Market Size & Forecast, 2019-2030 (USD Million)
  • Online- Market Size & Forecast, 2019-2030 (USD Million)
  • Others

For more detailed information about the Athletic Footwears market report, click here – https://www.marknteladvisors.com/research-library/athletic-footwear-market.html

Geographical analysis:

-By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

As per the regional aspect, the Athletic Footwear Market is expected to be dominated by North America by capturing the potential market share. This is due to the presence of prominent athletic footwear companies such as Nike, Reebok, Under Armour, etc., across regional nations, like the US & Canada. Strong sports culture and high participation rate in sports are also progressively aiding in driving the North America Athletic Footwear Market. Moreover, the wide economic range, evolving fashion tastes of the consumer, and the region’s inclination towards innovative & high-performance athletic footwear have resulted in constant product development, further contributing to the market growth.

Global Athletic Footwear Market Recent 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.
  • June 2024: PUMA embarked on training shoes called Deviate NITRO 3, designed with NITROFOAM technology to offer supreme cushioning and responsiveness.
  • August 2023: ASIC introduced the GEL-KAYANO 30, which comprises of 4D GUIDANCE SYSTEM, PureGEL, and FF BLAST PLUS ECO cushioning for better sock absorption and further comfort.

Current Landscape of Athletic Footwears Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Athletic Footwears market. The research report profiles major players, including

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  • 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
  • Others

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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