Source: Facts & Factors

March 26, 2021 08:27 ET

Worldwide Athletic Footwear Market Size & Share Revenue to Generate

USD 120,000 Million by 2026, According to Facts & Factors
[225+ Pages Research Report] According to the recent analysis research report; the global Athletic Footwear
Market in 2019 was approximately USD 98,000 Million. The market is expected to grow at a CAGR of 3.5% and
is anticipated to reach around USD 120,000 Million by 2026. Top market manufacturers are Asics Corporation,
Nike, Inc., Adidas AG, Puma SE, New Balance, Inc., Skechers Inc., Under Armor and others.

New York, NY, March 26, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research
report titled “Athletic Footwear Market By Type (Sports Shoes, Running And Walking Shoes, Hiking And
Backpacking Shoes, And Aerobic And Gym Wear Shoes), By End-User (Men, Women, and Kids): Global
Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys,
Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.

“According to the research report, the global Athletic Footwear Market was estimated at USD 98,000 Million in 2019
and is expected to reach USD 120,000 Million by 2026. The global Athletic Footwear Market is expected to grow at
a compound annual growth rate (CAGR) of 3.5% from 2019 to 2026”.

Athletic footwear also referred to as athletic shoes are mainly designed for sports and other outdoor and physical
activities. The athletic shoes are utilized for running in a marathon, basketball, football, tennis, and rugby.
However, the global consumption pattern of athletic shoes indicates a trend of these being used as casual
footwear by people of all age groups. Considerable developments in the new material have made the material
selection process more complicated and time-consuming for shoe designers. The parameters largely considered
while material selection includes fabric performance, durability, aesthetic appearance, price, and availability at the
manufacturing facility.

Request Your Free Sample Report of Athletic Footwear Market @ https://www.fnfresearch.com/sample/athletic-

footwear-market-by-type-sports-shoes-running-822

(The free sample of this report is readily available on request).

Our Free Sample Report Includes:

2020 Updated Report Introduction, Overview, and In-depth industry analysis

COVID-19 Pandemic Outbreak Impact Analysis Included
190+ Pages Research Report (Inclusion of Updated Research)
Provide Chapter-wise guidance on Request
2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
Includes Updated List of table & figures
Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue
Analysis
Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

Key Questions Answered in this Report

1) What were the pre and post-business impacts of COVID-19 on the Athletic Footwear Market?

2) What is the market size, share of the Athletic Footwear Market?

3) Who are the top market players in Athletic Footwear Market?

4) What will be the future market of the Athletic Footwear Market?

Key Offerings:

Market Size & Forecast by Revenue | 2020−2026

Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and
geography
Competitive Landscape – Top key vendors and other prominent vendors

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by-type-sports-shoes-running-822

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Impact Analysis of COVID-19 Pandemic on Businesses: Know Short Term and Long Term Impact

Most of the businesses are facing a growing litany of business-critical concerns related to the coronavirus
outbreak, including supply chain disruptions, a risk of a recession, and a potential drop in consumer spending. All
these scenarios will play out differently across various regions and industries, making accurate and timely market
research more essential than ever.

We at Facts and Factors (http://www.fnfresearch.com) understand how difficult it is for you to plan, strategize, or
make business decisions, and as such, we have your back to support you in these uncertain times with our
research insights. Our team of consultants, analysts, and experts has developed an analytical model tool for
markets that helps us to assess the impact of the virus more effectively on the industrial markets. We are further
implementing these insights into our reports for a better understanding of our clients.

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footwear-market-by-type-sports-shoes-running-822

Frequently new product launches, sales through online marketing channels, and an investment in research for
innovative product development are the strategies adopted by companies, which have enhanced the growth of
the athletic footwear market. The market is extremely competitive with the major companies making large
investments in distribution and marketing channels, and brand building. As the market is growing rapidly,
numerous small-scale manufacturers are tending to invest in business expansion and hence offer tough
competition to the major athletic footwear companies.

Industry Major Market Players

Nike Inc.
Adidas AG
New Balance Inc.
Skechers Inc.
Asics Corporation
Puma SE
Under Armor

To know an additional revised 2020 list of market players, request a sample report:
https://www.fnfresearch.com/sample/athletic-footwear-market-by-type-sports-shoes-running-822

By shoe product type, the market for athletic shoes is segmented into backpacking and hiking shoes, sports
shoes, gym wear shoes, running shoes, walking shoes, and aerobic shoes. The Sports shoe segment is
projected to dominate the global athletic footwear market with a 41.00% revenue share by 2025. The growing
health-conscious population coupled with high interest in athletic sports is driving the demand for sports shoes.
Additionally, the manufacturers are evolving their product design and development around virtual reality and
artificial intelligence. Therefore, the application of artificial intelligence in product design and production can be
viewed as a major industry trend.

By key end-users, the athletic shoe market is segmented as men's shoes, women's shoes, and kid shoes. The
men's shoe segment accounted for a major revenue share in 2019 and the women's shoe segment is expected
to record a market growth at the highest CAGR of 2.7% during 2019-2026. Lightweight shoes with vibrant designs
are more popular among children.

Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/athletic-footwear-

market-by-type-sports-shoes-running-822
Demand for exclusive designs and the increasing popularity of athletics among the millennium population is
expected to drive the market demand worldwide. Consumers are increasingly spending on branded athletic
shoes as they view it as a good investment. Major shoe companies are investing their resources in designing
technologically advanced, highly luxurious, and celebrity-backed products. Athletic shoes with comfortable fabric,
stylish design, and durable colors are more popular among potential consumers.

The industry is witnessing a major shift towards online product distribution through company-owned as well as
third-party e-commerce platforms. For instance, the recent stats reveal that 25% of shoes sold in the U.S. came
from various online retailers. Additionally, celebrity collaboration for the marketing and promotion of shoe brands
is the key trend in the industry. From the very beginning, the shoe business is traditionally dependent upon
athletes for promotion and consumer awareness.

Request Customized Copy of Report @ https://www.fnfresearch.com/customization/athletic-footwear-market-by-

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By type, the global athletic footwear industry is categorized as sports shoes, running and walking shoes, hiking
and backpacking shoes, and aerobic and gym wear shoes. By the end-user, the global athletic footwear industry
is categorized as men, women, and kids.

Primary regional segments identified in the research study include Europe, Latin America, Asia Pacific, North
America, and Middle East & Africa. Asia Pacific segment represents the major market share in terms of revenue
and is also estimated to register the highest CAGR of 3.5% during the market forecast. Growing population,
increasing penetration of international brands, and emerging local market players are contributing to the market
growth in the region. High standard lifestyles and health-conscious populations across the developed countries
are inclined towards comfortable athletic shoes and are ready to offer high prices for premium products.

Browse the full “Athletic Footwear Market By Type (Sports Shoes, Running And Walking Shoes, Hiking And
Backpacking Shoes, And Aerobic And Gym Wear Shoes), By End-User (Men, Women, and Kids): Global
Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys,
Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” report at
https://www.fnfresearch.com/athletic-footwear-market-by-type-sports-shoes-running-822

This report segments the Athletic Footwear market as follows:

Global Athletic Footwear Market: By Type Segmentation Analysis

Sports shoes
Running and walking shoes
Hiking and backpacking shoes
Aerobic and gym wear shoes

Global Athletic Footwear Market: By End-User Segmentation Analysis

Men
Women
Kids

Key Insights from Primary Research

As per the finding through primary interviews with industry experts, the market for athletic footwear is driven
by improving lifestyles and a growing number of brands in the marketplace
Online purchasing is very popular among the millennium population
The majority of the primary respondents rates promotional discounts as the key factor for large product
sale through the online channel
A diverse product portfolio is used to target potential buyers
Increasing sports events and sports clubs across developing regions are estimated as potential market
opportunities in the near future

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