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Global Athletic Footwear Market Report and Forecast for the Period 2017-22
According to Fact.MR’s research report on the global athletic footwear market, the market is anticipated to reach a value of more than US$ 83 Bn by 2022 reflecting a moderate CAGR during the forecasted period of 2017-2022., 7/13/2018 - Athletic footwear are used on a large scale by athletes. The global athletic footwear market is influenced by several aspects which have a direct influence on its growth. The rising participation of young population in sports, fitness activities is one of the major reasons which is pushing the growth of the market. The rise in the disposable income is also growing owing to higher income scales. Coupled with this aspect, the increasing awareness about healthy lifestyle is pushing the growth of the global athletic footwear market. The demand for innovative and comfortable footwear as well as increasing e-commerce retail sector is driving the growth of the global athletic footwear market. Innovations which have led to increased functionality, use of material which reduce the overall weight of the footwear and quick availability are few of the aspects which have a greater impact on the market in a positive way. Europe region is expected to show higher market attractiveness for the global athletic footwear market.

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Running Shoes Segment and Backpacking Shoes Segment Show Cut Throat Competition

Running shoes segment by product type is expected to show the highest market share by revenue of 16.4% as of 2017, thereby dominating the global market by product type. Backpacking Shoes segment shoes a similar market share but has a higher growth rate as compared to running shoes segment throughout the forecast period.

Specialty Boots Segment Poised to Reflect High Pace

The specialty boots segment by product type is anticipated to grow at the highest growth rate as compared to other segments by product type. It is poised to register a robust CAGR of 5.8 % during the period of forecast. However, this segment shows a lower market share, almost half the market share of running shoes segment.

Specialty Stores Segment show High Potential; Sport Stores show Dominance

Specialty stores segment by distribution channel is expected to show higher growth rate during the forecast period of 2017 to 2022. It is poised to register a CAGR of 5% throughout the period, but has a comparatively less market share. It is expected to gain high BPS by the end of 2022. Sport stores segment by distribution channel show dominance over the market as they reflect the highest market share by value and this trend is poised to continue over the period of forecast. As far as market shares are concerned, there is a tough call between sport stores segment and hypermarket/supermarket segment as both have a similar market shares, sport stores segment having the upper hand.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of the global basketball shoes market through 2022, which include ASICS Corporation, New Balance INC., Skechers, INC., VF Corporation, Deckers Outdoor Corporation, Wolverine World Wide, Inc., Amer Sports Corporation, NIKE Inc., Adidas AG, PUMA SE and K-Swiss INC.

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