Athletic Footwear Market Size, Share & Growth Report 2032

Athletic Footwear Market

Athletic Footwear Market By Product Type (Sports Shoes, Running and Walking Shoes, Hiking and Backpacking Shoes, and Aerobic and Gym Wear Shoes), and By End-User (Men, Women, And Kids): Global Industry Perspective, Comprehensive Analysis And Forecast, 2024 - 2032

Category: Consumer Goods Report Format : PDF Pages: 225 Report Code: ZMR-3256 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 51.48 Billion USD 78.17 Billion 4.75% 2023

Athletic Footwear Market: Industry Perspective

The global athletic footwear market size was worth around USD 51.48 billion in 2023 and is predicted to grow to around USD 78.17 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.75% between 2024 and 2032.

Global athletic footwear market sizeRequest Free Sample

The report covers forecasts and analyses for the athletic footwear market on a global and regional level.

Athletic footwear is designed for athletics which is to be worn for sports, jogging, recreational activity, exercise, or gym. Athletic footwear’s made up of flexible materials such as leather, rubber, etc. Athletics shoes are primarily designed for sports activities or for physical exercise. Owing to its comfort level athletic shoes are mostly used for running. Increasing health awareness related to obesity, and blood pressure among people fuels the demand for athletic footwear. People prefer footwear that gives more comfort, and durability and is of greater quality. Increasing preferences towards activities such as exercises, sports, and gym among people anticipate propelling the demand for the athletic footwear market in coming years. Athletes mostly prefer shoes that prevent muscle injuries, pain, leg injuries, etc. thus the popularity of the product is increasing across the globe. Accordingly, the demand for athletic footwear is expected to record a sharp rise over a forecast period. 

Athletic Footwear Market Segmentation Analysis

The global athletic footwear market is categorized on the basis of product type and end user. Based on the product type, the global market is classified as aerobic and gym wear shoes, hiking and backpacking shoes, running and walking shoes, and sports shoes. By end-user, the global athletic footwear market is categorized into men, women, and kids. Among all, the men’s footwear segment is growing at a consistent pace. It is the leading segment in the global footwear market. It accounted for 75% of the value share in 2023. Women prefer shoes that give them both style and comfort. This segment is expected to grow with the highest CAGR. The market growth is mainly driven by rising awareness about fitness and health among people coupled with the increasing interest in different sports events accelerating the athletic footwear market. The main integral part of the global athletic footwear market is comfort which will lead the market in the coming years. However, rising raw material costs may hamper the global athletic footwear market growth. 

To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the athletic footwear market has also been included. The study encompasses a market attractiveness analysis, wherein product type and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Athletic Footwear MarketRequest Free Sample

The study provides a decisive view of the athletic footwear market by segmenting the market based on product type, end users, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. Based on product type, the athletic footwear market is segmented into sports shoes, running and walking shoes, hiking and backpacking shoes, and aerobic and gym wear shoes. Based on the end user, the athletic footwear market is further segmented into men, women, and kids.

Athletic Footwear Market: Report Scope

Report Attributes Report Details
Report Name Athletic Footwear Market
Market Size in 2023 USD 51.48 Billion
Market Forecast in 2032 USD 78.17 Billion
Growth Rate CAGR of 4.75%
Number of Pages 225
Key Companies Covered Nike, Inc., Adidas AG, New Balance, Inc., Skechers Inc., Asics Corporation, Puma SE, Under Armor, Reebok International Ltd., Vans, Inc., K-Swiss Inc., and others.
Segments Covered By Product Type, By End-User, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Regional Analysis

By geography, the athletic footwear market finds its market scope in North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. The Asia Pacific is anticipated to be the fastest-growing region owing to factors such as growing awareness regarding health and increasing interest in exercise and outdoor activities. The Asia Pacific accounted for approximately 64% of the value share in 2023. The rapid development of the footwear industry in emerging economies such as China and India also contributes to market growth. The demand for athletic footwear in Europe is expected to remain slow as compared to other regions.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including Germany, France, the U.K., the U.S., China, Japan, India, and Brazil.

Athletic Footwear Market: Competitive Analysis

The global athletic footwear market is dominated by players like:

  • Nike, Inc.
  • Adidas AG
  • New Balance, Inc.
  • Skechers Inc.
  • Asics Corporation
  • Puma SE
  • Under Armor
  • Reebok International Ltd.
  • Vans, Inc.
  • K-Swiss Inc.

This report segments the global athletic footwear market as follows:

Global Athletic Footwear Market: Product Type Segment Analysis

  • Sports Shoes
  • Running and Walking Shoes
  • Hiking And Backpacking Shoes
  • Aerobic And Gym Wear Shoes 

Global Athletic Footwear Market: End-User Segment Analysis

Global Athletic Footwear Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The footwear designed for sports and other activities such as exercise are generally called athletic footwear. Originally, they were mostly used as sportswear; nevertheless, nowadays they are worn as casual footwear. Athletic footwear has several types which comprise trainers, sneakers, tennis shoes, gym shoes, running shoes, sports shoes, etc.

According to a study, the global athletic footwear market size was worth around USD 51.48 billion in 2023 and is expected to reach USD 78.17 billion by 2032.

The global athletic footwear market is expected to grow at a CAGR of 4.75% during the forecast period.

Asia Pacific is expected to dominate the athletic footwear market over the forecast period.

Leading players in the global athletic footwear market include Nike, Inc., Adidas AG, New Balance, Inc., Skechers Inc., Asics Corporation, Puma SE, Under Armor, Reebok International Ltd., Vans, Inc., and K-Swiss Inc., among others.

The athletic footwear market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.

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