Athletic Footwear Market to grow by USD 17.89 Bn, Evolving Opportunities with Adidas AG, Admiral Sportswear Ltd., and ASICS Corp. – Technavio
Technavio has been monitoring the athletic footwear market, operating under the consumer discretionary industry. The report estimates the market to register …
NEW YORK, Oct. 24, 2022 /PRNewswire/ — Technavio has been monitoring the athletic footwear market, operating under the consumer discretionary industry. The report estimates the market to register an incremental growth of USD 17.89 bn, at a CAGR of 3.95% during the forecast period. 47% of the market growth originates from APAC with a Y-O-Y growth of 3.3% during the forecasted period.
Athletic Footwear Market: Vendor Analysis
The existence of various domestic and foreign suppliers has led to the fragmentation of the global sports footwear market. Some of the top companies that control the world market include Adidas, Nike, Under Armour, PUMA, BasicNet, ASICS, Skechers, VF Corp, Wolverine World Wide Inc., and New Balance. Vendors on the market distinguish their goods based on price and other flimsy characteristics like color, material cost, and style.
During the forecast period, it is anticipated that the rivalry in the global athletic footwear market will increase as more new products are introduced. The market participants actively invest in the construction of infrastructure that is suited for producing athletic footwear.
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Athletic Footwear Market: Segmentation Analysis
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Athletic Footwear Market: Scope Analysis
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The athletic footwear market report covers the following areas:
One of the significant market trends for athletic footwear that is driving the industry’s expansion is the growing availability of custom athletic footwear. Vendors need to concentrate on tactics like quicker delivery procedures, mass customization, and personalization due to the growth of footwear. Custom-made athletic footwear is convenient for customers who want to wear clothes that are tailored to their own needs.
Customized footwear increases comfort by enhancing the way the feet, ankles, calf muscles, and legs move. People with medical issues or trouble finding the right sporting footwear can benefit from having shoes manufactured to order. These elements will fuel market expansion during the course of the projection period.
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Athletic Footwear Market: Key Highlights
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Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/
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