Industry Research by Koncept Analytics Global Athletic Footwear Market: Industry Analysis & Outlook ----------------------------------------- (2018-2022) November 2018 1
Executive Summary Athletic footwear includes hiking, walking, running, sports, aerobics, hiking and casual sneakers, which are generally worn during physical activities or on informal occasions to prevent lower body injuries. Presently, the industry is witnessing a robust growth with the growing preference for athleisure fashion (an outfit style which is designed to be worn for a 24/7 active look) by the populace, worldwide. The global market is expected to witness lucrative growth due the rising fitness club memberships, growing popularity of outdoor recreation, rising adolescence population count, escalating disposable income and mounting E-commerce retail sales. The market is trending with rising penetration of premium athletic footwear shops, increasing healthcare awareness, growing preference for athleisure and swelling preference for automated machines. However, there are some growth hindering factors in the industry such as rising dominance of counterfeit athletic footwear products and excessive reliance on technology. Regionally, North America held the leading position in the market, due to increasing focus of people on subscribing fitness club memberships to improve wellbeing along with the growing trend of outfit style which is intended to design for exercises to be worn in school, college or office, thereby creating more demand for athletic footwear in the region. The report by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. Key players i.e. NIKE, Inc., Adidas AG, Puma SE and Skechers USA, Inc. are being profiled along with their respective financials and growth strategies. 2
Billion Pairs Global athletic footwear market is anticipated to be driven by the rising fitness club memberships, growing popularity of outdoor recreation, Global Athletic Footwear Market Value Forecast (2017-2022) The global athletic footwear market value is expected to reach US$ billion in 2022, rising from US$ billion in 2017, at a CAGR of..%, for the period spanning 2017-2022. In 2017, amongst the segments, running shoes held the market share of..% followed by sports shoes and hiking shoes with..% and..% share, respectively. The global athletic footwear volume is anticipated to reach billion pairs in 2022, rising from billion pairs in 2017, at a CAGR of..%. Global Athletic Footwear Market Value by Segments (2017) Global Athletic Footwear Market Volume Forecast (2017-2022) Running Shoes Sports Shoes Hiking Shoes Others 3
Growth in the major regional markets i.e. North America, Europe and Asia would be fuelled by increasing healthcare awareness, growing preference for athleisure, North America Athletic Footwear Market Value Forecast (2017-2022) North America athletic footwear market value is expected to reach US$ billion in 2022, increasing from US$ billion in 2017, at a CAGR of..%, for the period spanning 2017-2022. In 2022, European athletic footwear market value is predicted to reach US$ billion, inclining from US$ billion in 2017, at a CAGR of..%, for the period spanning 2017-2022. Europe Athletic Footwear Market Value Forecast (2017-2022) Asian athletic footwear market revenues are anticipated to reach US$ billion in 2022, swelling from US$ billion in 2017, at a CAGR of..%. Asia Athletic Footwear Market Value Forecast (2017-2022) 4
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