Athletic Footwear Market Trends

Skyquest Technology's expert advisors have carried out comprehensive research on the athletic footwear market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.

Athletic Footwear Market Dynamics

Drivers

Rising Popularity of Athleisure Fashion

  • The blend of leisure and athletic wear is termed as athleisure fashion, which has gained massive popularity among people around the world. Athletic shoes are versatile for both casual and semi-casual occasions and their high adoption by Gen Z and millennials owing to growing popularity of athleisure fashion is expected to boost revenue generation going forward.

High Participation in Sports and Outdoor Activities

  • Increasing health consciousness of people around the world has led to a notable increase in participation in sports and outdoor activities. Athletic shoes provide performance and comfort in these sports activities, which is why an increase in outdoor activity translates to high sales of athletic footwear in the future.

Restraints

High Availability of Counterfeit Products

  • The abundance of counterfeit athletic footwear products around the world is a key factor impeding athletic footwear market growth going forward. Availability of cheap counterfeit products hurts brand reputation and reduces sales for original brands thereby hurting the revenue generation scope of all leading athletic footwear suppliers around the world.

Price Sensitivity Making It Difficult for Companies to Boost Sales

  • The presence of multiple athletic footwear brands and companies in the global market makes this a highly competitive and price sensitive market. With the majority market share held by companies such as Nike and Puma, all athletic footwear providers need to opt for aggressive strategies to boost their sales and provide robust discounts as well. This extreme price sensitivity can erode profit margins and slow down the sales of athletic footwear going forward.

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FAQs

Global Athletic Footwear Market size was valued at USD 140.08 Billion in 2023 and is poised to grow from USD 146.95 Billion in 2024 to USD 215.46 Billion by 2032, growing at a CAGR of 4.9% in the forecast period (2025-2032).

Leading athletic footwear providers should focus on product innovation and new launches to stay competitive in the global competitive landscape. Targeting emerging markets with rising disposable income is expected to be a key strategy for athletic footwear companies in the future. Use of attractive marketing strategies and celebrity endorsements can also help athletic footwear suppliers maximize their revenue generation potential. 'Adidas AG', 'ASICS Corporation', 'Fila Inc.', 'Under Armour, Inc.', 'Lotto Sport Italia S.p.A', 'New Balance Athletics, Inc.', 'Vans, Inc.', 'Nike, Inc.', 'Puma SE', 'Reebok International Ltd.'

The blend of leisure and athletic wear is termed as athleisure fashion, which has gained massive popularity among people around the world. Athletic shoes are versatile for both casual and semi-casual occasions and their high adoption by Gen Z and millennials owing to growing popularity of athleisure fashion is expected to boost revenue generation going forward.

Customization of Shoes: Athletic footwear companies should focus on providing customized footwear and shoes to make the most of their investments. Customers can select from a variety of materials, colors, and designs to create their preferred shoes thereby generating new opportunities in the long run. Personalization and customization add value to a consumer’s purchase which makes them popular athletic footwear market trends.

The Asia Pacific region is forecasted to account for a prominent athletic footwear market share going forward. The presence of key athletic footwear manufacturers, availability of cheap labor and raw materials, and rising disposable income are key factors that help the dominance of Asia Pacific. Rising penetration of e-commerce and increasing popularity of sneaker culture and athleisure fashion are also expected to boost sales of athletic footwear in this region. India, China, and Japan are estimated to emerge as the most opportune markets for athletic footwear providers looking to make a mark in the Asia Pacific region.

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Athletic Footwear Market
Athletic Footwear Market

Report ID: SQMIG25L2023

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