Global Athletic Footwear Market SWOT Analysis, Trend Comment, Analysis, Facts

Report Overview

The size of the global athletic footwear market was estimated at USD 127.3 billion in 2021, and it is anticipated to rise at a CAGR of 4.9% from 2022 to 2030. The primary drivers fueling the market expansion are thought to be increasing consumer disposable income, a booming global retail e-commerce industry, and growing passion and understanding about the health advantages of sports and fitness activities. In order to live a healthy lifestyle, young people are becoming more involved in sports and other related activities. At the same time, people are beginning to understand how sports and fitness activities can promote good health and lower the risk of chronic diseases like diabetes, heart disease, and depression.

Baseball, soccer, and golf shoe sales all fell by an average of 30%. When looking at specific categories, those related to spring sports were the greatest hit because the majority of these activities have been postponed or cancelled. In the mid-teens, both basketball performance and the sports-related lifestyle both fell off. Sales of skate shoes (which were rapidly expanding prior to the pandemic) and running shoes both declined in the middle of the decade. The good news is that Puma and Brooks both saw increases in the low single digits.

Leading market competitors including Nike, Inc., Adidas AG, Skechers USA, Inc., and New Balance Athletics, Inc. are concentrating on creating cutting-edge technologies to improve the stability and comfort of sports shoes. For instance, utilising ARAMIS motion capture technology, Adidas AG designed the Forged Mesh, a single-layer shoe upper with a ribbed pattern to measure the strain placed on the foot. Maximum flexibility and suitable support along the ankle are made possible by the technology, ensuring unrestricted foot mobility. Adidas AG has additionally secured patents for the following innovations: Adaptive Traxion, Boost, Bounce, Climachill, Promeknit, and Stableframe.

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Sorting insights

Due to the everyday use of running shoes and the accessibility of these shoes at a variety of price points, from reasonably priced sports shoes to extremely opulent athletic shoes, the running shoe sector led the market in 2021 with a revenue share of over 35.0%. Shoes for running are necessary for training, advanced running, road running, trail running, track running, and competition. The sports shoe market has been further examined in light of the most popular sports in each region. For instance, baseball, basketball, American football, ice hockey, tennis, and golf are all included in the U.S. market for sports shoes.

End-user Perspectives

In 2021, the men’s category had the highest revenue share—more than 55.0%. Until 2030, the market will be dominated by the category. As women’s interest in sports continues to rise, particularly in previously untapped countries, women’s footwear is increasingly catching up. In contrast to developing and undeveloped nations, most developed countries have a higher number of female athletes competing for their respective countries at important sporting events.

Regional Perspectives

In 2021, Asia Pacific had a revenue share of about 35.0%, dominating the market. Over the course of the forecast, the region is expected to keep dominating the market. Over the projected period, APAC is anticipated to develop at the fastest rate. In Asia Pacific, the demand for sports footwear is expected to be significantly fueled by rising levels of disposable income and expanding e-commerce. Growing interest in taking part in various sporting events, such as the Asian Games, the ICC Cricket World Cup, and the ACC Asia Cup, is supporting regional market expansion.

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By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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