Athletic Footwear Market To Grow Enormously with Size Worth $95.14 Billion By 2025 |Grand View Research, Inc.


The global athletic footwear market size is expected to reach USD 95.14 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.1% during the forecast period. The market is estimated to witness considerable growth over the forecast period owing to growing global population, rising awareness regarding health benefits, and active participation in fitness activities and global sports events.
Major global sports events such as Olympics, ICC Cricket World Cup, National Basketball Association (NBA) league, FIFA World Cup, and The Championships, Wimbledon play an imperative role in fuelling demand for athletic footwear. It has been observed that the market witnessed a higher growth rate during the years when Olympics (both summer and winter) took place, that is during 2012, 2014, and 2016, owing to training and participation of aspiring as well as established athletes and sportspersons.
The mid sole plays an important role as it is responsible for ensuring stability and providing cushioning to users. Prominent manufacturers have been focusing on enhancing the mid sole to ensure the comfort of athletes. For instance, Adidas AG adopted the Boost technology over the traditional Ethylene Vinyl Acetate (EVA)-based technology. The Boost technology is based on using capsules of Thermoplastic Polyurethane (TPU), an elastomer possessing high abrasion rate, high flexibility levels, and longer life as compared to conventional EVA.
Athletic footwear is typically made up of three primary components, namely upper section, mid sole, and outsole. Major players, such as Adidas AG; Nike, Inc.; and Under Armour, Inc. are innovating upper section of shoes using the 3D printing technology.
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Youngsters are getting keen on adopting a healthy lifestyle and are hence participating actively in sports and other related activities. At the same time, people have started realizing that sports and fitness activities can help ensure good health and reduce the risk of chronic disorders such as depression, cardiovascular diseases, and diabetes.
Further key findings from the report suggest:
  • Running shoes are anticipated to register the highest shipments by 2025 at around 392 million units
  • The sports shoes segment was valued at around USD 18.3 billion in 2017 and is likely to post the highest CAGR during the forecast period
  • The kids segment is poised to exhibit the highest CAGR of 6.3% in terms of revenue during the forecast period
  • The North America region accounted for the largest revenue share in the market in 2017 and is projected to continue its dominance throughout the forecast period
  • The key players in the industry include Nike, Inc.; Adidas AG; Under Armour, Inc.; and Puma SE.
Prominent players in the market, such as Nike, Inc.; Adidas AG; Skechers USA, Inc.; and New Balance Athletics, Inc. are focusing on developing innovative technologies to increase the stability of sports shoes and make them comfortable. For instance, Adidas AG has innovated a Forged Mesh, a single layer shoe upper with a ribbed pattern created using ARAMIS motion capture technology for determining the strain exerted on the foot. The technology helps provide maximum flexibility and adequate support along the ankle to ensure free foot movement. Other technologies patented by Adidas AG include Adaptive Traxion, Boost, Bounce, Climachill, Promeknit, and Stableframe.
Based on category, the market has been segmented into aerobic shoes, running shoes, walking shoes, trekking & hiking shoes, and sports shoes. The sports shoes segment has been further reviewed on the basis of prominent sports in each of the regions. For instance, the sports shoe market in the U.S. encompasses baseball, basketball, American football, ice hockey, tennis, and golf. In the U.S., the baseball shoe sub-segment contributed to more than 35.0% of the overall volume in 2017 on account of high popularity of baseball in the country.
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Running shoes include shoes required for training, advanced running, road running, trail running, track running, and racing. The running shoe segment dominated the market in 2017, which can be attributed to daily usage of running shoes and availability of these shoes in a wide range of prices ranging from affordable athletic shoes to highly luxurious athletic shoes.
The trekking and hiking shoe segment is anticipated to exhibit healthy growth during the forecast period owing to technological advancements that have ensured more comfort and flexibility for the hikers. For instance, W.L. Gore & Associates, Inc. in association with Salewa introduced the first version of surround technology. The technology features GORE-TEX laminates that are assimilated into shoe upper of trekking & hiking shoes to surround the foot completely from all sides and expel the sweat and heat out of the shoes through side ventilation.
Grand View Research has segmented the global athletic footwear market into category, gender, and distribution channel.
Athletic Footwear Category Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
  • Aerobic Shoes
  • Running Shoes
  • Walking Shoes
  • Trekking & Hiking Shoes
  • Sports Shoes
    • Football
    • Basketball
    • Tennis
    • Rugby & American football
    • Cricket
    • Baseball
    • Ice Hockey
    • Others
Athletic Footwear Gender Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
  • Men
  • Women
  • Kids
Athletic Footwear Retail Channel Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
  • Brick & Mortar
  • E-commerce
For instance, in April 2016, Lotto Sport Italia S.p.A. announced the launch of EVERIDE II, a running shoe featuring Adapto Memory Foam (AMF) that is made up of polymer compound with a particular density. Furthermore, in September 2017, ASICS Corporation announced the launch of Gel-Kenun Shinkai, a shoe with flexible digital printed nylon mesh and GEL cushioning system. The shoe was developed in collaboration with Mita Sneakers, a retailer based in Tokyo, Japan. In November 2015, New Balance Athletics, Inc. announced the launch of its new running shoes with a 3D printed mid sole. These shoes possessed elastomeric characteristics owing to use of DuraForm Flex TPU. The shoes were developed in collaboration with 3D Systems.
Prominent manufacturers are entering into merger & acquisition agreements in order to overcome the challenges associated with in-house research & development, benefit from cost-effective and experienced labor, and expand their geographical footprint.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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