The
global sports footwear market is subject to witness a substantial growth due to the
rising enthusiasm towards sporting events, increasing focus towards fitness
activities, and growing penetration of retail e-commerce sector across the
globe. Additionally, rising disposable income and health consciousness among
young population in both developed and developing economies worldwide are
anticipated to drive the growth of the athletic footwear sales market over the
forecast period. Globally, the market is predicted to grow at a significant
CAGR in the forecast period, providing numerous opportunities for market
players to invest for research and development in the sports footwear market.
Changing
lifestyle patterns and increasing participation in sports related activities by
young population are estimated to fuel market growth in upcoming years.
Increasing awareness about health benefits associated with sports and fitness
activities such as improved health and reduced the risk of chronic disorders
are boosting market demand of sports footwear. Additionally, sports and fitness
activities helps to limit depression, cardiovascular diseases, and diabetes.
Such factors are leading to the soaring demand of sports and fitness
activities.
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Rising
adoption of athletic footwear during sports activities in order to avert
injuries to leg muscle, knee pain, hip pain, and back pain, is leading to
substantial purchase of athletic footwear in North America and Asia Pacific’s
market. Additionally, lowering cost of the athletic footwear in Asia-Pacific
market is expected to augment market demand in near future. The recent
development of innovative manufacturing technology that is increasingly adopted
by industry players, has led to production of high performing and comfortable
sports shoes.
For
example, advent of a forged mesh technology, that allows development of a
single layer shoe with a ribbed pattern on the upper portion with help of
ARAMIS, which is a motion capture technology, has gained a lot of appreciation
and demand from North America and European region. ARAMIS technology, developed
by Adidas, Inc., helps to identify amount of the strain exerted on the foot.
The market is divided by region such as North America, Europe, Asia-Pacific,
Latin America and Africa. North America has shown major growth in recent years
owing to the rising preference towards sports, fitness, and adventure
activities, like aerobics, hiking, training, and trail running, and presence of
prominent industry players in the region. Asia-Pacific region is predicted to
hold major market share in the sports footwear market with massive growth in
forecast period.
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Market Segment:
The various contributors involved in the
value chain of Sports Footwear include manufacturers, suppliers, distributors,
intermediaries, and customers. The key manufacturers in the Sports Footwear
include
•
Adidas
•
Nike
•
New Balance
•
Under Armour
•
ASICS
•
MIZUNO
•
Puma
•
Lining
Market size split by Region
•
North America
•
United States
•
Canada
•
Mexico
•
Asia-Pacific
•
China
•
India
•
Japan
The key points of this report are:
•
To study and analyze the global Sports Footwear market size (value &
volume) by company, key regions/countries, products and application, history
data from 2013 to 2017, and forecast to 2025.
•
To understand the structure of Sports Footwear market by identifying its
various subsegments.
•
To share detailed information about the key factors influencing the growth of
the market (growth potential, opportunities, drivers, industry-specific
challenges and risks).
•
Focuses on the key global Sports Footwear manufacturers, to define, describe
and analyze the sales volume, value, market share, market competition
landscape, SWOT analysis and development plans in next few years.
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