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.

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Key Findings of the Study: Athletic Footwear market

Global Athletic Footwear Market Driver:

Inclination Towards Sports & Physical activities – The increasing global interest in sports and other fitness activities led to a boost in the market and also registered further growth. With the rising popularity of sports and fitness footwear, it facilitates gaining more and more consumer attention in the market. Footwear that provides comfort gradually minimizes the chance of injury and provides support is always in high demand. Even the realization of regular exercise contributes to the Athletic Footwear Market Growth. For Instance:

• In April 2024, Adidas introduced 49 styles of shoes to choose from, 9 sponsored nations, and the 2024 Olympic and Paralympic Games in Paris.

Moreover, an increasing number of sports tournaments is also expected to affect the market growth graph. Several tournaments are being organized, local, regional, and many more, and numerous individuals are participating in them to display their skills & expertise. Hence, with the growing participation in the tournaments, there is a high demand for athletic footwear, further driving the market growth.

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 Report and Athletic Footwear Market 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

The Men segment projects the largest share of the Athletic Footwear Market.

Athletic Footwear Market Competitive Landscape

• 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

Athletic Footwear Market 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.

Geographical Analysis:

By Region

• North America
• South America
• Europe
• The 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.

Note: If you require specific information not covered in the current report, we can provide it through customized option

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