Synopsis:

With reference to the report published by the authorities the scope of the global Athletic Footwear Market was appreciated by US$ 64.30 billion in 2017 and is projected to touch US$ 95.14 billion by 2025. It is projected to increase by a CAGR of to some extent above 5.0% during the period of 2018 to 2025.

Footwear is an apparel worn on feet for the purpose of shielding from exterior means at the time of carrying out the actions at out-of-doors. The term athletic footwear denotes to the merchandise worn by sports person that have similar purpose of caring the foot together with greater extra functionality as per the sport they are intended for. Therefore, an athletic footwear deliver superior shield, easy control on the movements, support for the mid-foot along with the cushioning and steadiness to heels.

Athletic shoe is a general term for the footwear mainly meant for sporting or additional procedures of bodily workout. However during current ages they are utilizes for unintentional actions. Athletic footwear is utilized for sporting and additional procedures of working out, for example aerobics, jogging, running and walking. This comprises basketball shoes, running shoes, fitness shoes, walking shoes and others.

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Drivers:

Prosperous sector of retail e-commerce, increasing attentiveness and interest about the benefits of fitness and the sporting actions, all over the world and growing stages of per capita earnings of the customers are expected to be the important reasons fueling the development of the athletic footwear industry.

Likewise, the persons are more and more understanding the significance of using proper category of shoes for sporting actions so as to avert the back pain, knee pain, hip pain, damages to muscle and injuries to leg. Therefore, the demand for athletic shoes is estimated to record a high growth during the period of approaching years.

Restraints:

The increasing prices of raw material is a most important reason obstructing the development of the global athletic footwear market. The normal price of the upper leather of a shoe, hiked with substantial percentage in historical year. That affected, on the market of athletic footwear, adversely.

Classification:

The global athletic footwear industry can be classified by Sales Network, Gender, Type and Region. By Sales Network, it can be classified as Shoe Stores, E- Commerce, Specialty Stores, Sport Stores, Supermarkets, Hypermarkets and Others. By Gender, it can be classified as Kids, Men, and Women. By Type, it can be classified as Sports Shoes, Walking Shoes, Aerobic Shoes, Trekking & Hiking Shoes, Backpacking Shoes and Running Shoes.

Regional Lookout:

By Region the global athletic footwear market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American region had ruled the market by way of a share of income. In 2017, it was around 30.0%. The area is expected to carry on leading the market during the period of forecast. The U.S.A is the important donor of the revenue to the local market. This can be credited to the people having greater interest for the sporting activities, and the activities of adventure and fitness, for example trail running, hiking, training and aerobics.

Asia Pacific was responsible for the maximum consignments which were nearby 260 million units, in 2017. It is estimated that the area will carry on its domination during the period of 2018 to 2025. This can be mainly credited to an extensive base of people and lesser normal price of selling of the athletic footwear within the province, as equated to with the advanced nations, for example the U.S.A and the U.K.

The Asia Pacific estimated to see the maximum percentage of development during period of the forecast. It tracked by Latin America. Increasing infiltration of e-commerce along with the growing per capita earnings are projected to perform an important part in boosting the demand for athletic footwear in Asia Pacific. Growing interest for joining in a number of sporting actions, is increasing the development of the athletic footwear industry within the state.

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Companies:

Some of the important companies for athletic footwear market are: Woodland Worldwide, Saucony, Puma SE, Vans, Lotto Sport Italia S.p.A, Fila Inc., Adidas AG, Skechers USA, Inc., Reebok International, Nike, Inc., New Balance Athletics, Inc., Under Arm our, Inc., and ASICS Corporation. Additional notable companies are Osiris Shoes, BK Footwear, Crocs Inc., Saucony Inc., VANS Inc., Brooks Sports Inc., Wolverine World Wide Inc., K-Swiss Inc. and Converse, Inc.

Market Segment:

Athletic Footwear Category Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
• Aerobic Shoes
• Running Shoes
• Walking Shoes
• Trekking & Hiking Shoes
• Sports Shoes
• Football
• Basketball
• Tennis
• Rugby & American football
• Cricket
• Baseball
• Ice Hockey
• Others

Athletic Footwear Gender Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
• Men
• Women
• Kids

Athletic Footwear Retail Channel Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
• Brick & Mortar
• E-commerce

Athletic Footwear Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• Australia
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

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The global footwear market size is estimated to reach USD 223.2 Billion by the end of 2024 and record a CAGR of 5.7%. Youngsters are increasingly inclined toward participating in sports and other outdoor activities which is expected to increase the demand for sports footwear during the forecast period. Moreover, consumers are also concerned about using appropriate shoes while participating in different sports activities to prevent injuries and improve their performance. Apart from that, the rising number of working professionals in the developing economies is expected to further propel the demand for formal shoes which in turn is expected to accelerate the growth of the global footwear market at a high pace.

Global footwear market registered a substantial growth in terms of product innovations and technological advancements.

The global footwear market has been segmented based on product type, category, end user, distribution channel, and region.

Based on product type, the global footwear market has been segmented into formal footwear, casual footwear, and sports footwear. The casual footwear segment accounted for the major market share in 2018 and it is expected to retain its dominance during the forecast period. The demand for casual footwear has increased owing to its usage on a regular basis by the consumers.

The market for global footwear has been bifurcated, based on category, into open footwear and closed footwear. The closed footwear segment is expected to account for the maximum market proportion of the global footwear market and is projected to register the higher growth rate during the forecast period. The open footwear segment is projected to exhibit moderate growth during the forecast period.

Based on end user, the global footwear market has been bifurcated into men and women. The women segment is estimated to account for the larger market share of the global footwear market. Several varieties of footwear are available for women in the market and this is the major factor for the growth of the women footwear segment during the forecast period.

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Based on distribution channel, the global footwear market has been segmented into store-based and non-store-based channels. The store-based distribution channel is estimated to account for a significant market share both in developed and developing economies. The store-based segment has been further segmented into supermarkets and hypermarkets, specialty stores, and others.  The specialty stores sub-segment is projected to witness high growth as compared to the other sub-segments. Major manufacturers of footwear are emphasizing the need to set up separate stores which cater to only the footwear products. Moreover, premium shoes are widely available in the specialty stores of key manufacturers which is expected to increase the demand for specialty stores. However, the non-store-based segment is projected to expand at a high pace in the years to come due to the rise of e-commerce giants.

Key Players

Some of the key players in the global footwear market are Nike Corporation (US), Adidas AG (Germany), VF Corporation (US), Crocs Retail, Inc. (US), ECCO Sko A/S (Denmark), Wolverine World Wide, Inc. (US), Under Armour Inc. (US), New Balance Athletics, Inc. (US), Asics Corporation (Japan), Deichmann SE (Germany), AeroGroup (Canada), Kering S.A. (Japan), Geox S.p.A (Italy), Skechers USA, Incorporation (US), and The Columbia Sportswear Company (US).

The popularity of digital and social media marketing has increased manifold in recent years. In addition, the age and gender targeted marketing options offered by major social media platforms made it easier for the companies to connect with the potential customers which has boosted the growth for Mountain Bike Footwear and Socks Market.

Furthermore, the technological advancement in mountain biking equipment and accessories including footwear and shoes has provided a lot of comfort and convenience to participants. Moreover, growing number of women participations specifically in North America and Europe region is accelerating the demand for mountain bike footwear and socks.

However, athletic shoes and socks market is highly consolidated in North America accounting for more than 70% of the market whereas global market is moderately consolidated. Smaller, specialized players have limited market share. The major players have well established brands, enjoy high brand recall among consumers as well as have large base of loyal consumers. This is a major barrier for new entrants in the market. Nevertheless, all these factors are boosting the global mountain bike footwear and socks market size to grow at the CAGR of 5.57% during the forecast period of 2017-2024.

Leading Key Players:

• Shimano, Inc. (Japan)
• Five Ten Footwear Company (U.S.)
• Diadora Sports S.r.l (Itlay)
• Trek Bicycle Corporation (U.S.)
• Louis Garneau Sports (Canada)
• Giro (U.S.)
• Cannondale (U.S.)
• Mavik (France)
• Fizik (U.S.)
• Northwave (Itlay)

Among the type, mountain bike footwear segment is anticipated to retain its dominance throughout the forecast period. Also, the segment is projected to register a healthy CAGR of 5.57% during the given period due to increase in the demand of bike footwear especially for females. Customers are also inclined to adopt specific shoe for the mountain biking purposes. Also, increasing youth population in the developing economies is also propelling the demand of mountain bike footwear in the review period. Among the end-user of mountain bike footwear and socks market, male segment accounts for 63% followed by female accounting for 34% of the global mountain bike footwear and socks market. The segment is projected to register a healthy CAGR of 5.05% during the forecast period 2017-2024.

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Key players in the mountain bike footwear and socks market are inclined towards partnership with different companies and events for product promotions and expanding their geographical presence. Additionally, the companies are inclined towards new product launch and strengthening their product portfolio. The companies are highly focusing on partnership with various events to pave a sustainable growth and expand its business through a long-term strategic move.

The global mountain bike footwear and socks market is segmented into North America, South America Europe, Asia Pacific, and rest of the world (ROW). Among these, North American region is dominating the market over the forecast period. The market is projected to grow at a CAGR of 5.46% during the review period. This is attributed to high demand of mountain bike footwear and socks in this region. Among the North American countries, the U.S. is majorly driving the market of mountain bike footwear and socks market in this region. However, Asia Pacific region is expected to grow with a CAGR of 6.30% during the review period. In Asia Pacific region, China is expected to hold 33% market share in the year 2017.

Global footwear market registered a substantial growth in terms of product innovations and technological advancements. The global footwear market size is estimated to reach USD 223.2 Billion by the end of 2024 and record a CAGR of 5.7%. Youngsters are increasingly inclined toward participating in sports and other outdoor activities which is expected to increase the demand for sports footwear during the forecast period. Moreover, consumers are also concerned about using appropriate shoes while participating in different sports activities to prevent injuries and improve their performance. Apart from that, the rising number of working professionals in the developing economies is expected to further propel the demand for formal shoes which in turn is expected to accelerate the growth of the global footwear market at a high pace.

The global footwear market has been segmented on the basis of product type, category, end user, distribution channel, and region.

Based on product type, the global footwear market has been segmented into formal footwear, casual footwear, and sports footwear. The casual footwear segment accounted for the major market share in 2018 and it is expected to retain its dominance during the forecast period. The demand for casual footwear has increased owing to its usage on a regular basis by the consumers.

The market for global footwear has been bifurcated, on the basis of category, into open footwear and closed footwear. The closed footwear segment is expected to account for the maximum market proportion of the global footwear market and is projected to register the higher growth rate during the forecast period. The open footwear segment is projected to exhibit moderate growth during the forecast period.

Based on end user, the global footwear market has been bifurcated into men and women. The women segment is estimated to account for the larger market share of the global footwear market. Several varieties of footwear are available for women in the market and this is the major factor for the growth of the women footwear segment during the forecast period.

Based on distribution channel, the global footwear market has been segmented into store-based and non-store-based channels. The store-based distribution channel is estimated to account for a significant market share both in developed and developing economies. The store-based segment has been further segmented into supermarkets and hypermarkets, specialty stores, and others.  The specialty stores sub-segment is projected to witness high growth as compared to the other sub-segments. Major manufacturers of footwear are emphasizing the need to set up separate stores which cater to only the footwear products. Moreover, premium shoes are widely available in the specialty stores of key manufacturers which is expected to increase the demand for specialty stores. However, the non-store-based segment is projected to expand at a high pace in the years to come due to the rise of e-commerce giants.

Browse Full Report @ https://www.marketresearchfuture.com/reports/footwear-market-8037

Footwear Market Key Players

Some of the key players in the global footwear market are Nike Corporation (US), Adidas AG (Germany), VF Corporation (US), Crocs Retail, Inc. (US), ECCO Sko A/S (Denmark), Wolverine World Wide, Inc. (US), Under Armour Inc. (US), New Balance Athletics, Inc. (US), Asics Corporation (Japan), Deichmann SE (Germany), AeroGroup (Canada), Kering S.A. (Japan), Geox S.p.A (Italy), Skechers USA, Incorporation (US), and The Columbia Sportswear Company (US).