Athletic Footwear Market Observes Tremendous Growth in Revenue of US$ US$ 99,131 Mn by 2027 with an Outstanding CAGR of 1.8%

 

Athletic Footwear

The Athletic Footwear Market has grown as a result of the constantly growing knowledge of the health benefits of participating in sports. Additionally, one of the key factors driving the expansion of the Athletic Footwear Market is the growing involvement of the young population in sports and fitness activities. Increasing people's discretionary income might also spur market expansion.

Athletic footwear is made to be used for sports, exercise, or leisure activities like aerobic dancing, racquetball, or running. Athletic shoes are used for running, basketball, tennis, and other sports, however they are often not used for rugby or football (soccer). The actual shoes are made of a flexible material and often have a rubber sole. Although the initial design was straightforward, manufacturers have subsequently customised athletic shoes for the various sports they might be used for.

According To Coherent Market Insights, The Global Athletic Footwear Market Was Accounted For US$ 85,047 Mn In Terms Of Value By The End Of 2019 And Is Expected To Grow At 1.8% CAGR During The Forecast Period (2020-2027).

Athletic shoes are manufactured to order, particularly for the casual market, and have become more and more well-liked among young people. Athletic footwear, along with clothes and equipment, is made for high performance and is seen as part of an athlete's kit. Sports-specific qualities of cushioning, flexibility, stability, traction, and durability are offered by athletic shoes. Impact force is reduced by cushioning.

The Athletic Footwear Market is anticipated to increase in response to rising public awareness of the health advantages of sports and fitness activities, which help lower the risks of conditions including obesity, depression, diabetes, and other disorders. Additionally, it is anticipated that the global retail e-commerce sector will expand and that consumer lifestyles will change over the course of the forecast period, increasing disposable income and changing consumer spending patterns.

The development of new and inventive shoes, technology improvements, and growing public awareness of the value of wearing the proper footwear to prevent leg and muscle injuries are all contributing to the growth of sports shoes. Emerging fashion trends, particularly among young people, to wear branded athletic footwear, also have an impact on the Athletic Footwear Market expansion. However, concerns including growing raw material costs and an increase in the availability of counterfeit and brand-copied athletic footwear items could limit market expansion.

Top Companies involved are-

·       Nike, Inc.

·       Adidas Group

·       Crocs, Inc.

·       Wolverine World Wide, Inc.

·       Skechers U.S.A., Inc.

·       Under Armour, Inc.

·       Puma AG

·       Geox SpA

·       K- Swiss

·       New Balance

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