The global athletic footwear market revenue is expected to expand at a significant CAGR over the forecast period. Athletic footwear is a footwear used for different types of physical activities. Athletic footwear is prepared from flexible synthetic material or leather, and consists of a rubber sole for shock absorption. Athletic foot wears are designed as per end-users’ requirements such as soccer cleats for soccer players, heavy cushioning shoes for runners. Current fitness trend is also another factor fueling the target market. Rising raw material prices and increasing environmental concerns regarding synthetic rubber used in footwear may hamper growth of the target market in the near future.
The global athletic footwear market report has been segmented on the basis of product type, users, distribution channel, and region. On the basis of product type, the market is segmented into aerobic & gym wear shoes, trekking & hiking shoes, running & walking shoes, and sports shoes. On type of application, sport shoes segment is sub-segmented into tennis shoes, soccer shoes, basketball shoes, cricket shoes, and others. On the basis of users, the market is segmented into men, women and kids. Women segment is expected to witness growth in terms of revenue, owing increasing participation of women in sports and other physical activities. On the basis of distribution channel, the market is segmented into shoe stores, sports and athletic good stores, specialty apparels store, and online stores.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to dominate the global market in terms of revenue over the forecast period, owing to increasing health awareness and enthusiasm about sports and exercise in this region. The market in Asia Pacific is expected to register second highest share in terms of revenue, owing to rising disposable income and increasing young population in the region.
Key players operating in the global athletic footwear market New Balance, Inc., Adidas AG, Converse Inc., Nike, Inc., Deckers Outdoor Corp., Puma SE, Fila Korea Ltd., Skechers USA Inc., K-Swiss Inc., and Wolverine worldwide Inc.