By product; Genre ; By Mode of Sale; and region – Global analysis by market size, share and trends for 2014-2019 and forecast to 2030

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Product Overview Sports shoes are excellent quality products. These shoes have unique craftsmanship and exclusivity that attract consumers to these shoes. Athletic shoes refer to footwear designed for sporting events and other outdoor activities.

New York, July 12. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Sports Footwear Market: Market Segments: By Product; gender; by mode of sale; and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2019 and Forecast to 2030″ – https://www.reportlinker.com/p06191696/?utm_source=GNW
These shoes are readily available and can be purchased through various distribution channels, such as wholesale, online, or e-commerce.

Market Highlights
The athletic footwear market is expected to project a notable CAGR of 5.9% in 2030.
The athletic footwear market is expected to exceed USD 124.6 billion by 2030, from USD 67.30 billion in 2019, in terms of increasing value at a CAGR of 5.9% throughout the forecast period, c i.e. 2020-30. The market offers a range of shoes with color, style and price choices to suit consumers’ desires and purchasing abilities. The growth of the sports shoes market has been fueled by expanding sales on online platforms, new product launches, and enticing marketing and promotional strategies adopted by companies. With players investing heavily in marketing platforms and brand building, the market is highly competitive. This enhances their presence and helps build their brand image to attract more customers. Consumers are also increasingly realizing the importance of using the correct type of footwear for sports activities to prevent muscle injuries, leg injuries, knee, hip and back pain. As a result, the demand for sports shoes is expected to register a strong increase over the next few years.

Sports Footwear Market: Segments
Trekking & Hiking Footwear Segment Expected to Grow with Highest CAGR in 2020-30
The sports shoes market is segmented by product into aerobic shoes, running shoes, walking shoes, trekking and hiking shoes, and sports shoes. The running shoes segment is estimated to dominate the market with a share of more than XX.X% in 2019. Consumers are hesitant to adapt to a rather sedentary lifestyle in the global economy, which has recently raised alarm the need to participate in activities such as running and walking that help them manage their well-being. This is the main reason for the growing popularity of running shoes among consumers in the industry. The growing desire to preserve health among customers is also correlated with the interest in premium and personalized footwear. Due to their desire to communicate with their customers, running shoe brands operating in the global market compete with other brands through the use of powerful, admirable figureheads and an incredibly efficient distribution network. Owing to technological developments that have guaranteed more comfort and versatility to hikers, the trekking and hiking footwear segment is expected to show healthy growth in the forecast era.

The female segment will be the fastest growing segment with a CAGR in 2020-30
The sports footwear market is segmented by gender into men and women and children. Men’s segment accounted for the largest revenue share of XX.X% in 2019. The segment will continue to dominate the sports shoes market during the forecast period. Women’s footwear is gradually catching up as the sport continues to grow in popularity among women, especially in previously unexplored markets. In most developed countries, unlike developing and underdeveloped countries, the proportion of female athletes representing their respective nations in major sports competitions is significant. However, in developed countries, the situation is changing steadily, in line with the efforts made by the governments of the respective countries to enable women to actively engage in sports and other fitness-related activities. In developing markets, this should significantly increase sales of women’s athletic shoes.

Sports shoes market: market dynamics
Drivers
Changing consumer lifestyle
Urbanization is an important factor affecting the lifestyle of consumers. In the coming years, the changing lifestyle of customers is expected to increase the sports shoes market. In developing countries, obesity is a major health problem, with one in three people being obese. Activities such as yoga, gym and jogging to fight obesity focus on the metropolitan population. Young people are willing to follow a healthier lifestyle and hence are regularly interested in sports and other related events. At the same time, people began to understand that sports and exercise practices can help ensure good health and minimize the risk of chronic diseases such as depression, cardiovascular disease, hence the demand for shoes sport is higher in these countries. In the coming years, the growing perception of health among consumers is expected to further increase this demand. Additionally, e-commerce has streamlined the buying process for consumers making it simpler and more convenient. Compared to developing countries such as India and China, online shopping is more common in developed countries such as America and Japan. The new retail situation differs from the current scenario due to the advent of e-commerce, the industry has a tremendous opportunity to make shopping cheaper, easier and more convenient.

Restrict
Growing availability of counterfeit products
Increasing availability in the market of counterfeit shoes, unpredictable economic conditions in developed and developing countries across the globe, and currency depreciation are some of the major factors that may limit the development of the global market. The previous economic downturn had a negative impact on global athletic shoe sales. Limiting market variables can be currency volatility and fewer branded outlets in developing regions. In the sports footwear sector, raw materials also play a vital role and their prices have increased significantly in recent years.

Sports shoes market: key players
Adidas Group

Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence and SWOT analysis.

Nike, Inc.
Under Armor Inc.
Puma SE
SKECHERS UNITED STATES
ASICS Company
Wolverine World Wide Inc.
V.F. Corporation
New Balance
FILA

Sports Footwear Market: Regions
The sports footwear market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa.

The North America sports shoes market dominated the market with a lion share of over 32.6% in 2019 and the region is expected to continue dominating the market during the forecast period. The United States is the main source of revenue for the regional market, which may be due to a high degree of citizens’ passion for sports, health and adventure activities, such as aerobics, hiking, hiking. training and running. Also, over the projected period, with Latin America leading, APAC is expected to experience the highest growth rate. Rising levels of disposable income and growing e-commerce penetration are expected to play a major role in driving the demand for sports shoes in Asia Pacific. The growing enthusiasm for participation in various sports activities including Asian Games, ICC Cricket World Cup and ACC Asian Cup complements the development of the country.

Competitive Landscape:
The highly competitive sports footwear market is made up of several major players such as Adidas AG; ASICS company; Fila Inc.; Under Armour, Inc. holds a substantial market share in the athletic footwear market. Other players analyzed in this report are Lotto Sport Italia SpA; New Balance Athletics, Inc.; vans; Nike, Inc.; Puma SE; Reebok International; Sauconia; Skechers USA, Inc.; and Woodland Worldwide, among others.

The Sports Footwear Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
The Sports Footwear Market Report Also Contains Analysis On:

Sports Footwear Market Segments:

By product:
Aerobics shoes
Running shoes
Walking shoes
Trekking and hiking shoes
Sport shoes
By gender:
Man
Female
Children
By mode of sale:
mortar brick
E-commerce
Athletic Footwear Market Dynamics
Sports Footwear Market Size
Offer and demand
Current trends/issues/challenges
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Sports Footwear Market FAQs
Which segment is expected to hold the largest market share?
At what CAGR is the market expected to grow between 2020 and 2030?
Who are the major players in the Sports Footwear market?
What could be the challenging factors in the Sports Footwear market growth?
What are the growth drivers of the Athletic Footwear market?
Read the full report: https://www.reportlinker.com/p06191696/?utm_source=GNW

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