Athletic Footwear Market is Expected to Grow at a CAGR of 2.1% by 2022, Globally
Athletic Footwear Market report, published by Allied Market Research, forecasts that the global market is expected to garner $114.8 billion by 2022, growing at a CAGR of 2.1% during the period 2016 - 2022. Asia-Pacific accounted for the highest revenue in 2015, followed by Europe.
Athletic Footwear Market report, published by Allied Market Research, forecasts that the global market is expected to garner $114.8 billion by 2022, growing at a CAGR of 2.1% during the period 2016 - 2022. Asia-Pacific accounted for the highest revenue in 2015, followed by Europe.
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<strong>Athletic</strong> <strong>Footwear</strong><br />
<strong>Market</strong><br />
Opportunities and Forecasts,<br />
2014 – 2021
<strong>Athletic</strong> <strong>Footwear</strong> <strong>Market</strong>: Future and <strong>Grow</strong>th<br />
Future and <strong>Grow</strong>th <strong>of</strong> the <strong>Market</strong><br />
• The global market <strong>is</strong> expected <strong>to</strong> garner $114.8 billion <strong>by</strong> <strong>2022</strong><br />
• <strong>CAGR</strong> <strong>of</strong> <strong>2.1%</strong> during the period 2016 – <strong>2022</strong><br />
• North America exhibited the highest penetr<strong>at</strong>ion <strong>of</strong> aerobic and<br />
gym wear shoes in 2015<br />
• Within the sport shoes c<strong>at</strong>egory, soccer accounted for the<br />
momen<strong>to</strong>us market share <strong>of</strong> 28.5% in 2015
<strong>Athletic</strong> <strong>Footwear</strong> <strong>Market</strong>: Fac<strong>to</strong>rs Contributing<br />
<strong>to</strong> <strong>Market</strong> <strong>Grow</strong>th<br />
Fac<strong>to</strong>rs Contributing <strong>to</strong> <strong>Market</strong> <strong>Grow</strong>th<br />
• Due <strong>to</strong> their widespread adoption as daily wear shoes <strong>by</strong> consumers<br />
• Owing <strong>to</strong> consumers involvement in gym and dance classes in countries<br />
such as the U.S. And Canada<br />
• Due <strong>to</strong> growing popularity <strong>of</strong> the sport across the globe<br />
• Increasing d<strong>is</strong>posable income<br />
• R<strong>is</strong>ing health awareness<br />
• Increasing demand for fashion footwear
<strong>Athletic</strong> <strong>Footwear</strong> <strong>Market</strong> : Key Fac<strong>to</strong>rs<br />
Key Fac<strong>to</strong>rs <strong>of</strong> the <strong>Market</strong>:<br />
• Asia-Pacific <strong>is</strong> a lucr<strong>at</strong>ive market in terms <strong>of</strong> growth on account <strong>of</strong> increasing<br />
d<strong>is</strong>posable income, r<strong>is</strong>ing health awareness, and increasing demand for<br />
fashionable <strong>at</strong>hletic footwear<br />
• Men segment <strong>is</strong> the highest revenue-gener<strong>at</strong>ing segment in the global<br />
<strong>at</strong>hletic footwear market followed <strong>by</strong> the women segment<br />
• Tenn<strong>is</strong> shoes are expected <strong>to</strong> be the fastest moving shoes segment within the<br />
sport shoes market, followed <strong>by</strong> soccer shoes
<strong>Athletic</strong> <strong>Footwear</strong> <strong>Market</strong> Segment<strong>at</strong>ion<br />
The <strong>Market</strong> <strong>is</strong> Segmented By Product Type & By User:<br />
By Product Type:<br />
Sports shoes<br />
Running and<br />
walking shoes<br />
Hiking and<br />
backpacking<br />
shoes<br />
Aerobic and gym<br />
wear shoes<br />
By User:<br />
Men<br />
Women<br />
Kids<br />
Tenn<strong>is</strong><br />
Shoes<br />
Soccer<br />
Shoes<br />
Basketball<br />
Shoes<br />
Cricket<br />
Shoes
<strong>Athletic</strong> <strong>Footwear</strong> <strong>Market</strong> Segment<strong>at</strong>ion<br />
Geographically, <strong>Market</strong> <strong>is</strong> segmented in<strong>to</strong>:<br />
• North America exhibited the highest penetr<strong>at</strong>ion <strong>of</strong> aerobic<br />
and gym wear shoes in 2015<br />
• Asia-Pacific accounted for the highest revenue in 2015,<br />
followed <strong>by</strong> Europe<br />
• LAMEA also contributes in gener<strong>at</strong>ing market revenue
<strong>Athletic</strong> <strong>Footwear</strong> <strong>Market</strong>: Key Players<br />
Key Players <strong>of</strong> the <strong>Market</strong><br />
• Asics Corpor<strong>at</strong>ion,<br />
• Adidas AG and Puma SE,<br />
• VF Corpor<strong>at</strong>ion<br />
• Nike, Inc.<br />
• FILA, Inc.<br />
• New Balance, Inc.<br />
• Skechers Inc.<br />
• K-Sw<strong>is</strong>s and<br />
• Wolverine World Wide, Inc.
Summary:<br />
The end users compr<strong>is</strong>e men, women, and kids. The men segment occupied a<br />
prominent share <strong>of</strong> 52.5% in the global <strong>at</strong>hletic footwear industry, followed <strong>by</strong><br />
the women segment in 2015. The huge consumer base <strong>of</strong> men segment<br />
enabled it <strong>to</strong> acquire the largest market share in the global <strong>at</strong>hletic footwear<br />
market. The kids segment <strong>is</strong> anticip<strong>at</strong>ed <strong>to</strong> witness the fastest <strong>CAGR</strong> <strong>of</strong> 2.4%<br />
during the forecast period. Moreover, penetr<strong>at</strong>ion <strong>of</strong> <strong>at</strong>hletic footwear <strong>is</strong><br />
expected <strong>to</strong> increase amongst women in developing countries owing <strong>to</strong><br />
increasing consciousness <strong>to</strong>wards health and fitness.<br />
To Know More About <strong>Athletic</strong> <strong>Footwear</strong> <strong>Market</strong>, V<strong>is</strong>it:<br />
https://www.alliedmarketresearch.com/<strong>at</strong>hletic-footwear-market<br />
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