The global athletic footwear market size is expected to reach USD 196.62 billion by 2030, according to a new study by Polaris Market Research. The report “Athletic Footwear Market Share, Size, Trends, Industry Analysis Report, By Type (Aerobic Shoes, Running Shoes, Walking Shoes, Trekking & Hiking Shoes, Sports Shoes); By End-Use; By Distribution Channel; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing prevalence of chronic disorders like obesity, anxiety, heart disease, and diabetes, among others, around the world has increased the importance of fitness activities, which in turn has boosted the athletic footwear industry's growth.
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For instance, as per the WHO, an estimated 3.8% of the world's population suffers from depression, with adult cases accounting for 5.0% of cases and persons over 60 accounting for 5.7%. Around 280 million individuals worldwide suffer from depression.
Additionally, as per the Center for Disease Control and Prevention (CDC), Cardiovascular disease claims one life in the United States every 36 seconds. Heart disease claims the lives of about 659,000 Americans yearly. The most prevalent type of heart disease, coronary heart disease, claimed 360,900 lives in 2019. CAD affects 18.2(about 6.7 % ) million persons in their 20s and older.
Adults under 65 years old account for almost 2 in 10 deaths from CAD. 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. Thus, the market demand for athletic footwear has been increasing to reduce risk.
Further, both young people and older people are currently engaging in sports and other fitness activities as part of a healthy lifestyle initiative to stay fit. While engaging in any physical activity, choosing the right footwear is important for comfort and injury prevention against the knee, back, and muscle pain.
Due to their use in varied situations, athletic footwear items are in high market demand. Numerous consumer groups, including sportsmen and climbers, use athletic footwear. Additionally, some clients care about their fitness, gym users, and those who use them for light exercise routines. Numerous styles of athletic footwear are made from premium raw materials including leather, foam, and plastic, with the aid of cutting-edge chemical additives.
Athletic Footwear Market Report Highlights
Polaris Market Research has segmented the athletic footwear market report based on type, end-use, distribution channel, and region:
Athletic Footwear, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Athletic Footwear, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Athletic Footwear, Distribution Channel Outlook (Revenue - USD Billion, 2018 - 2030)
Athletic Footwear, Regional Outlook (Revenue - USD Billion, 2018 - 2030)