According to a recently compiled report, the global sports footwear market is expected to represent a value of over US$ 115,000 Mn by the end of 2022.
Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of sports footwear market. The study is titled as “Sports Footwear Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global sports footwear market.
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Growth of the global sports footwear market is bound to several macro-economic and micro-economic factors. Increasing participation of the youth population continues to fuel demand for the sports footwear globally. As demand for the sports footwear is increasing, manufacturers in the sports industry are increasingly focusing on the integrating enhanced technology that provides comfort to the sportsmen, and fitness professionals. Demand for the smart sports footwear is projected to remain high in among athletes for running purposes. Further, the sports shoe manufacturers are increasingly focusing on the offering shoes that are designed according to a specific sport activity. Leading manufacturers such as Adidas, and Nike are increasingly offering sports shoes designed for specifically for fitness and sport activities such as Run Fast series, Running series, Running Ultra, and Basketball shoes. According to a recently compiled report, the global sports footwear market is expected to represent a value of over US$ 115,000 Mn by the end of 2022.
Equipped with aerodynamic technology, the sports footwear allows the sportsmen and athletes to boost their performance. Integrated with advanced technology, the sports technology allows the athletes to jump higher, run faster, and boost strength. The smart sports footwear are also equipped with cushions that are meant to provide comfort to the sportsmen and athletes. Attributed to these trends, and activity specific smart footwear, manufacturers are designing, and embedding activity specific technologies in the sports footwear products. Surge in demand for tracking the fitness regime, and the heart rate has led several manufacturers to integrate technologies including fitness trackers, and heart rate monitors in the sports footwear for the fitness professionals.
Besides the sports and fitness industry, several diabetic patients are suggested to wear sports shoes that are equipped with fitness tracking features. Through the fitness tracking accessories, the diabetic patients can conveniently track the heart rate, and blood and sugar level while performing routine activities. Considerable demand among the diabetic patients is expected to contribute towards growth of the global market positively.
Modern Trade to Represent a Leading Segment
With increasing demand to remain fit, sales for the gym shoes will continue to rev up globally. The training & gym products as compares to other sports footwear products is expected to witness the highest revenue growth, representing a value of over US$ 6,000 Mn by the end of 2022. However, running sports footwear is expected to register the highest CAGR in the global market throughout 2022.
The men segment as compared to other end users is expected to generate significant revenues, recording a value of over US$ 9,000 Mn by the end of 2017. However, the unisex segment is expected to register a robust CAGR in the global market throughout 2022.
Sales of sports footwear through the modern trade sales channel is expected to remain high, accounting for a value of over US$ 7,000 Mn by the end of 2022. However, the third party online channel is expected to register the highest CAGR as compared to other sales channel during the forecast period.
Leading market players operating in the global sports footwear market include Nike, Inc, Adidas AG, Under Armour, Puma SE, Skechers USA, New Balance, Asics, Brooks, Yonex, and Fila Korea.
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Table of Content:
1. Global Sports Footwear Market – Executive Summary
2. Global Sports Footwear Market Overview
2.1.1. Global Sports Footwear Market Taxonomy
2.1.2. Global Sports Footwear Market Definition
2.2. Global Sports Footwear Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Sports Footwear Market Y-o-Y Growth
2.3. Global Sports Footwear Market Dynamics
2.4. Cost Structure Analysis
2.5. Trade Outlook
2.6. Value Chain Assessment and Profitability Margins
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Sports Footwear Market Analysis and Forecast By Product Type
3.1. Global Sports Footwear Market Size and Forecast By Product Type, 2012-2022
3.1.1. Running Market Size and Forecast, 2012-2022
220.127.116.11. Revenue (US$ Mn) Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
3.1.2. Training & Gym Market Size and Forecast, 2012-2022
126.96.36.199. Revenue (US$ Mn) Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
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