Global Athletic Footwear Market to Grow at a CAGR of 5.2% During 2024-2032, Aided by the Increasing Participation of People in Sports and Increased Disposable Income

The growing emphasis on fitness, coupled with evolving purchasing behaviour of consumers and increased disposable income is supporting the global athletic footwear market growth. Growing awareness of the importance of a healthy lifestyle and physical fitness is driving the interest of younger generation in outdoor activities, which, in turn, supports, the demand for sports apparel and accessories, including athletic footwear. Consumers are seeking footwear that supports their active lifestyle and promotes foot health. According to the U.S. Bureau of Labor Statistics, American men spend an average of 1.55 hours participating in sports, exercise, and recreational activities. On the other hand, women in the USA spend 1.31 hours participating in sports, exercise, and recreational activities.

Further, improvements in technology, along with the demand for specialised shoes offer significant opportunities, influencing the market dynamics. Innovations in materials, design, and manufacturing technologies play a crucial role in shaping the market growth trajectory. Advanced features such as cushioning, stability, breathability, and lightweight materials influence consumer choices and purchase decisions.

Speciality stores and footwear franchises, along with collaborations between footwear makers and retail chains, have been expanding rapidly. The growth of e-commerce and digital platforms has changed how consumers shop for athletic footwear. Prominent active footwear companies like Nike (NYSE: NKE), Addidas, and Puma have also expanded their online presence to capitalise upon this opportunity.

North America is one of the significant regional markets for athletic footwear. Factors such as the high disposable income and increasing emphasis on work-life balance with a focus on recreational activities have made athletic footwear a well-desired product.

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Market Breakup by Category, Demographics,  Distribution Channels, and Region:

• Based on category, the market is segmented into aerobic shoes, running shoes, walking shoes, trekking and hiking shoes, and sports shoes.

• Based on demographics, the market is categorised into men, women, and kids.

• On the basis of distribution channel, the market is divided into retail stores and online.

• Region-wise, the global market for athletic footwear can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for athletic footwear is being supported by several factors, including the growing emphasis on fitness, transformed consumer buying behavior, and increased disposable income. Consumers are increasingly aware of the importance of a healthy lifestyle and physical fitness, driving the demand for athletic footwear that supports an active lifestyle and promotes foot health.

• Improved technology, production methods, and the demand for specialised shoes are creating significant opportunities in the athletic footwear market. Innovations in materials and designs and integration of advanced features like cushioning, stability, and breathability impact consumer choices.

• The growth of the e-commerce sector is contributing to increased product sales through online channels, as it offers consumers the convenience of making purchase from home.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for athletic footwear for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the category, demographics, distribution channel, and major regions of the athletic footwear market.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the athletic footwear market are Adidas AG, ASICS Corporation, Fila Inc., Nike, Inc, Reebok International Ltd., and Puma SE, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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