The Global Athletic Footwear Market is anticipated to gain traction due to increased obesity rate, rising number of health conscious public globally, and a need for maintaining healthy lifestyle.
Athletic footwear includes shoes worn for sports activities such as running, jogging, and for playing sports including basketball and tennis among others. Athletic footwear is developed using flexible material with a sole made of rubber. Athletic activities put more stress on the feet and body. Athletic footwear offers additional cushioning and stability for comfort, and overall health. Athletic footwear offer features such as light weight, durability, flexible rubber outsoles, flex grooves, and split heel. Flex grooves are present across the forefoot of the outsole to enable the foot to flex and roll more naturally. The heel of athletic shoes is flared and split into 2 sections, an outer and an inner side to increase the efficiency of heel-to-toe running motion.
The growing awareness regarding the health problems caused due to wrong footwear primarily drives the athletic footwear market. The growing rate of obesity and increasing number of diseases associated with it supports the growth of the athletic footwear market. Consumers are increasingly becoming aware regarding weight loss, and actively participating in athletic activities, thereby supplementing the growth of the athletic footwear market. The increasing need of consumers to lose weight, and stay healthy while maintaining their lifestyles have supported the growth of this market. There has been a shift towards e-commerce and consumers are purchasing athletic footwear through online platforms. The variety of choices available coupled with ease of purchase offered by online platforms encourages consumers to buy athletic footwear online, supplementing the growth of the market. Growing demand from emerging economies along with increasing initiatives by governments to promote sports activities is expected to provide numerous growth opportunities in the coming years.
The global Athletic footwear market is segmented on the basis of type, gender, distribution channel, and geography.
By Distribution Channel
Geographically, the global Athletic footwear market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
On the basis of geography, North America is expected to dominate the global market over forecast period. There has been an increasing participation in sports and adventure activities such as running, and hiking among others. Consumers are opting for athletic footwear owing to high disposable income and changing consumer preferences. Increasing health concerns and increasing initiatives by market players to promote health and wellness has increased the adoption of athletic footwear in the region.
Key players in the global Athletic footwear market are: