According to the Market Statsville Group (MSG), the global athletic footwear market size is expected to grow around USD 211.1 billion by 2033, at a CAGR of 4.75% from 2023 to 2033.

The primary drivers fueling the market expansion are increasing consumer disposable income, a booming global retail e-commerce industry, and a growing passion and understanding of the health advantages of sports and fitness activities. To live a healthy lifestyle, young people are becoming more involved in sports and other related activities. At the same time, people are beginning to understand how sports and fitness activities can lower the risk of chronic diseases and promote good health.  

COVID-19 Impact on the Global Athletic Footwear Market

Physical separation is the most effective prophylactic measure to stop the coronavirus from spreading. Therefore, during the epidemic, local governments all over the world stopped most of the activities where a large assembly was feasible and unnecessary. The Olympics, FIFA, and other significant sporting events set for 2020 have been postponed or canceled. Government rules caused the closure of clubs and sports academies alike. Furthermore, athletic activities in schools and universities were restricted due to the closure of these institutions and the delay in their reopening in most nations. Lockdown regulations have thus had a significant negative influence on the sports footwear market. Furthermore, because of these difficult conditions, sports fans were also constrained in their ability to engage in activities like running, hiking, riding, and biking. Sports retail store closures and limitations on the internet selling of non-essential goods have detrimental effects on the market. Consequently, a decrease in product demand was observed as a result of orders to shelter in place.

Scope of the Global Athletic Footwear Market

The study categorizes the athletic footwear market based on type and end-user at the regional and global levels.

By Type (Sales, USD Billion, 2019-2033)

• Aerobic Shoes
• Walking Shoes
• Running Shoes
• Sports Shoes
• Trekking & Hiking Shoes

By End-User Outlook (Sales, USD Billion, 2019-2033)

• Men
• Women
• Children

By Region Outlook (Sales, USD Billion, 2019-2033)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Running shoes segment accounts for the largest market share during the forecast period by type

Based on type, the market is bifurcated into aerobic, walking, running, sports, trekking & hiking shoes. During the forecast period, running shoes account for the largest market share. This may be ascribed to their widespread use and the fact that they can be purchased for various budgets, from incredibly economical athletic shoes to quite opulent athletic shoes. Shoes for running are necessary for training, advanced running, road running, trail running, track running, and competition. The sports shoe market has been further examined in light of the most popular sports in each region. For instance, baseball, basketball, American football, ice hockey, tennis, and golf are all included in the U.S. market for sports shoes.

During the forecast period, a solid growth rate is projected for the trekking and hiking shoe market due to technical developments that have given hikers better comfort and flexibility.

Asia Pacific is projected to account for the largest market share, by Region

Based on the regions, the global athletic footwear market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia Pacific will dominate the global athletic footwear market in 2022.  In the Asia Pacific, the demand for sports footwear is expected to be significantly fueled by rising disposable income levels and expanding e-commerce. Further, the growth of the sports footwear sector in this region is projected to be fueled by rising consumer spending, which is supported by robust economic growth and more disposable income. As per theWorld Bank.Org, in 2019, East Asia and the Pacific's GDP per person increased to 26.925 trillion from 26.351 trillion in 2018. Additionally, the robust development of numerous sports disciplines, like cricket, football, basketball, and others, which promote more people to consider sports as a pastime or a career, would aid in generating traction. The goodwill of the Indian Premier Competition, a significant cricket league in India, increased by 7% in September 2019, according to the Hindu Business Line.

Key Market Players in the Global Athletic Footwear Market

The global athletic footwear market is competitive, with key industry players adopting strategies such as type development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most market companies focus on expanding operations across regions, augmenting their capabilities, and building strong partner relations.

Major key players in the global athletic footwear market are:

• ASICS Corporation
• Adidas AG
• New Balance Athletics, Inc.
• Under Armour, Inc.
• Lotto Sport Italia S.p.A
• Puma SE
• Reebok International Ltd.
• Fila Inc.
• Vans, Inc.
• Nike, Inc

Key Issues Addressed

• What is the market size by various segmentation of the athletic footwear by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the athletic footwear market?
• What are the key opportunities and trends for manufacturers involved in the athletic footwear supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company type developments, and launches will be?
• How has COVID-19 impacted the demand and sales of athletic footwear in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.