Athletic Footwear Market Poised to Reach USD 73.98 Billion by 2034, Driven by Fitness Trends, Fashion Influence, and Technological Innovations | Future Market Insights, Inc.
NEWARK, Del, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The athletic footwear market is projected to reach USD 73.98 billion by 2034, growing at a modest CAGR of 4.80% from 2024 to 2034, according to Future Market Insights. Valued at USD 46.16 billion in 2024, the market is experiencing growth driven by the increasing influence of fashion, celebrity endorsements, fitness awareness, and the rising popularity of stylish sports shoes across social media platforms.
The athletic footwear market is experiencing steady growth due to increased awareness about fitness, higher disposable income, and consumer’s willingness to spend on products that enhance their physical performance. Technological betterment, such as smart footwear that tracks calories burned, is anticipated to impact athletic shoe sales immensely.
The athleisure trend is rapidly gaining traction, leading to a surge in demand for designer athletic shoes, particularly among women. These shoes are designed to cater to various age groups and fitness activities, offering features such as enhanced flexibility and durability, superior comfort, and stylish design. The trend is further fueled by celebrity endorsements and integration with the Internet of Things (IoT), reshaping the industry and propelling distribution and product development improvements.
The emergence of new leisure activities is a significant aspect of the demand for athletic footwear, leading to shifts in fashion trends, the latest design styles, and improved sports infrastructure facilities. Despite potential challenges from volatile raw material prices and competition, the rising popularity of fitness centers, gyms, and the e-commerce industry is fueling the demand for aerobic footwear.
“The athletic footwear market's steady growth reflects rising fitness awareness and athleisure trends, with innovations like smart footwear and celebrity endorsements driving consumer demand and reshaping industry dynamics,” - Sudip Saha the managing director and co-founder at Future Market Insights
Key Takeaways from the Athletic Footwear Market Report
- The athletic footwear industry in Japan is projected to experience a CAGR of 5.5% through 2034.
- France’s athletic footwear market is estimated to demonstrate a CAGR of 6.5% through 2034.
- The athletic footwear industry in Italy is anticipated to see a CAGR of 5.7% from 2024 to 2034.
- India’s athletic footwear sector is projected to showcase a CAGR of 5.2% through 2034.
- The athletic footwear market in Spain is anticipated to display a CAGR of 6.8% through 2034.
Competitive Landscape of the Athletic Footwear Market
The athletic footwear industry is largely dominated by key manufacturers that have established a significant market share through successful branding, partnerships, and advertising campaigns. Meanwhile, progressive shoe brands are leveraging digital marketing techniques to meet the demand for athletic footwear by offering innovative and customizable products such as limited-edition sneakers. To stay competitive and meet customers’ diverse needs, these brands continuously enhance their offerings through innovation.
Manufacturers prioritize quality, which has led to significant investments in Research and Development for durable sports footwear. Design has become increasingly important as athletic footwear has evolved into a fashion statement. This trend is propelling manufacturers to create stylish and trendy offerings in addition to functional ones.
Key Players:
- Nike, Inc.
- Adidas AG
- Puma SE
- Under Armour, Inc.
- ASICS Corporation
- New Balance Athletics, Inc.
- Skechers USA, Inc.
- FILA, Inc.
- Brooks Sports, Inc.
- Reebok International Limited
- Converse Inc.
- Li Ning Company Limited
- Salomon S.A.
- Mizuno Corporation
- Anta Sports Products Limited
Recent Developments in the Athletic Footwear Market
- Mayasheel Retail India and Columbus Shoes joined forces in February 2022 to produce and distribute sports shoes in India.
- A distinguished female Olympian in track and field, Allyson Felix introduced Saysh, a new lifestyle brand for women, in June 2021.
Key Segments
By Product Type:
- Running Shoes
- Sport Shoes
- Trekking or Hiking Shoes
- Others
By Material Type:
- Polymer
- Plastic
- Rubber
- Carbon Fiber
- Silicone
By Size (USA) (% of Demand):
- 4 to 5 Size
- 6 to 7 Size
- 8 to 9 Size
- 10 to 11 Size
- 12 to 13 Size
By Consumer Orientation:
- Men
- Women
- Kids
By Sales Channel:
- Direct
- Indirect
- Hypermarkets or Supermarkets
- Departmental Stores
- Specialty Stores
- Multi-brand Stores
- ExclusiveStores or Franchised Stores
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Browse Complete Report: https://www.futuremarketinsights.com/reports/athletic-footwear-market
Laut Future Market Insights soll der Markt für Sportschuhe bis 2034 einen Wert von 73,98 Milliarden USD erreichen und von 2024 bis 2034 mit einer bescheidenen durchschnittlichen jährlichen Wachstumsrate von 4,80 % wachsen. Der Markt wird im Jahr 2024 auf 46,16 Milliarden USD geschätzt und erlebt ein Wachstum, das durch den zunehmenden Einfluss von Mode, Prominentenwerbung, Fitnessbewusstsein und die steigende Popularität von stylischen Sportschuhen auf Social-Media-Plattformen angetrieben wird.
Der Markt für Sportschuhe erlebt ein stetiges Wachstum aufgrund des gestiegenen Bewusstseins für Fitness, des höheren verfügbaren Einkommens und der Bereitschaft der Verbraucher, für Produkte Geld auszugeben, die ihre körperliche Leistungsfähigkeit verbessern. Technologische Verbesserungen, wie z. B. intelligente Schuhe, die den Kalorienverbrauch aufzeichnen, werden voraussichtlich den Verkauf von Sportschuhen enorm beeinflussen.
Der Athleisure-Trend gewinnt schnell an Zugkraft und führt zu einem Anstieg der Nachfrage nach Designer-Sportschuhen, insbesondere bei Frauen. Diese Schuhe sind für verschiedene Altersgruppen und Fitnessaktivitäten konzipiert und bieten Eigenschaften wie verbesserte Flexibilität und Haltbarkeit, überlegenen Komfort und stylisches Design. Der Trend wird durch prominente Unterstützung und die Integration in das Internet der Dinge (IoT) weiter vorangetrieben, was die Branche umgestaltet und Verbesserungen bei Vertrieb und Produktentwicklung vorantreibt.
Das Aufkommen neuer Freizeitaktivitäten ist ein wesentlicher Aspekt der Nachfrage nach Sportschuhen und führt zu Veränderungen bei Modetrends, den neuesten Designstilen und verbesserten Sportinfrastruktureinrichtungen. Trotz potenzieller Herausforderungen durch volatile Rohstoffpreise und Wettbewerb treibt die steigende Popularität von Fitnesscentern, Fitnessstudios und der E-Commerce-Branche die Nachfrage nach Aerobic-Schuhen an.
Wichtige Erkenntnisse aus dem Bericht zum Sportschuhmarkt
• Die Sportschuhindustrie in Japan wird voraussichtlich bis 2034 eine durchschnittliche jährliche Wachstumsrate von 5,5 % verzeichnen.
• Der französische Sportschuhmarkt wird voraussichtlich bis 2034 eine durchschnittliche jährliche Wachstumsrate von 6,5 % aufweisen.
• Die Sportschuhindustrie in Italien wird voraussichtlich von 2024 bis 2034 eine durchschnittliche jährliche Wachstumsrate von 5,7 % aufweisen.
• Der indische Sportschuhsektor wird voraussichtlich bis 2034 eine durchschnittliche jährliche Wachstumsrate von 5,2 % aufweisen.
• Der spanische Sportschuhmarkt wird voraussichtlich bis 2034 eine durchschnittliche jährliche Wachstumsrate von 6,8 % aufweisen.
Wettbewerbslandschaft des Sportschuhmarkts
Die Sportschuhindustrie wird weitgehend von wichtigen Herstellern dominiert, die durch erfolgreiches Branding, Partnerschaften und Werbekampagnen einen erheblichen Marktanteil erlangt haben. Gleichzeitig nutzen progressive Schuhmarken digitale Marketingtechniken, um die Nachfrage nach Sportschuhen zu befriedigen, indem sie innovative und anpassbare Produkte wie Turnschuhe in limitierter Auflage anbieten. Um wettbewerbsfähig zu bleiben und die vielfältigen Bedürfnisse der Kunden zu erfüllen, verbessern diese Marken ihr Angebot kontinuierlich durch Innovationen.
Die Hersteller legen Wert auf Qualität, was zu erheblichen Investitionen in Forschung und Entwicklung für langlebige Sportschuhe geführt hat. Das Design ist immer wichtiger geworden, da sich Sportschuhe zu einem modischen Statement entwickelt haben. Dieser Trend veranlasst die Hersteller, neben funktionalen auch stilvolle und trendige Angebote zu schaffen.
Author by:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client's requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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