The global athletics footwear market is anticipated to grow at a CAGR of 4.0% during the forecast period (2024-2031). The market growth is mainly attributed to an increase in awareness and importance among people for fitness activities across the globe. As per the reports of the Bureau of Labor Statistics (BLS), from 2011 to 2015, 18.0% of Americans age 15 and older were engaged in some of the sports activities and exercises each day. In 2019, 19.3% of the US population were engaged in sport and exercise activities each day. Moreover, the growth of people participating in physical activities is estimated to increase more in the forecast period owing to eliminate the risk of chronic diseases such as obesity, overweight, depression, cardiovascular disease (CVD), and diabetes. In addition to this, change in lifestyle of youngsters to be healthy, prevention from muscle injuries, rising levels of disposable income of consumers are some of the other factors that drive the growth of the athletics footwear market.
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Females of all ages have generally lower participation in fitness and sports activities. However, the increase in women’s participation in endurance events, running, and jogging from the past few years has significantly contributed to the growth of the market. For instance, according to the Football Association (The FA), the participation from male and female in football and soccer have actively witnessed growth. Around 6,767 affiliated female football teams were reported by the FA in 2017-2018 which has been increased from 6,000 teams in the previous year in England. Besides, the major player’s participation in the market for product launches is to drive the market growth during the forecast period. For instance, in January 2021, Patta and New Balance Athletics, Inc. collaborated on the New Balance 991 sneakers. The Patta x New Balance M991Pat is the name of the new shoe, which comes in a dusty pink/light petrol color.
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Market Coverage
- Segment Covered-
o By Type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- ADIDAS AG, Nike, Inc., PUMA SE, Under Armour, Inc., Skechers USA, Inc., ASICS Corp., and VF Corp, among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Athletics footwear Market Report Segment
By Type
- Running & Walking Shoes
- Hiking & Trekking Shoes
- Sports Shoes
- Other Shoes
By End-User
- Men
- Women
- Kids
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