The global sports shoes market is anticipated to grow at a CAGR of 4.0% during the forecast period (2022-2028). These shoes are designed for sports and other outdoor activities. The major factor expected to drive the market growth is the usage in various conditions by various consumer types such as gym-goers, athletes and climbers, fitness-conscious customers, and people who use them for mild fitness routines. In addition, the increasing awareness about maintaining good health and fitness activities such as aerobics, swimming, jogging, and yoga, as well as the number of women participating in fitness and sports activities, attractive and comfortable sports footwear ideal for daily sports activities, rising number of international as well as regional sporting events are some factors that propel the growth of the sports shoe market. Moreover, advances in sports shoes, such as smart footwear that calculates calories burned, would have a positive impact on the global sports shoes market and supports the market to grow further during the forecast period.
Some major players in the market include Adidas AG, Nike, Inc., and Puma SE, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in June 2021, Adidas AG announced the launch of a golf shoe called the “Solarthon” that is both lightweight and comfortable and the brand aims to introduce Solarthon in limited-edition grey, blue and white colourways. It further features Adidas’ Primeblue textile upper, a recycled yarn containing at least 50% Parley Ocean Plastic, to support the company’s “End Plastic Waste” initiative. Further, in May 2021, Nike, Inc. announced its latest creation- “ZoomX Invincible Run” running shoes, as an addition to its expanding portfolio of athletic footwear whose design has drawn inspiration from the brand’s previous release, “Nike React Infinity Run” shoes.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product
- By End-User
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Adidas AG, Nike, Inc., and Puma SE, among others.
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Global Sports Shoes Market Report by Segment
By Type
- Sports Shoes
- Tennis Shoes
- Soccer Shoes
- Basketball Shoes
- Cricket Shoes
- Others
- Running and Walking Shoes
- Hiking and Backpacking Shoes
- Aerobic and Gym Wear Shoes
By End-User
- Men
- Women
- Kids
By Distribution Channel
- Hypermarkets/Supermarkets
- Specialty Stores
- Brand Outlets
- Online Channels
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?
- Deviation from the pre-COVID-19 forecast
- 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?
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