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

Comments

Post a Comment

Popular posts from this blog

Security Robot Market is Estimated To Witness High Growth Owing To Increasing Demand for Enhanced Surveillance

Image
Security Robot Market The Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Security Robot Market encompasses advanced robotic technologies that are specifically designed and developed to enhance security and surveillance operations. These robots are equipped with features such as video surveillance, thermal imaging, facial recognition, and intrusion detection, among others. They are extensively used by security agencies and organizations across various sectors, including residential, commercial, industrial, and government, to enhance safety, reduce human intervention, and streamline security operations. Security robots offer real-time monitoring, remote control, and high accuracy, making them an ideal choice for surveillance in sensitive areas and remote locations. Market Dynamics:
Read more

The Ever-Evolving Landscape of the Scottish Whisky Market during the Forecast Period 2019-2027

Image
  Scottish Whisky Market The Scottish Whisky Market is a captivating landscape that has been evolving and transforming over the years. It is a world of tradition, craftsmanship, and heritage, where every drop of whisky tells a story. The history of Scottish whisky traces back centuries, with the earliest records dating back to the 15th century. Whisky production initially started in monasteries, where monks distilled spirits for medicinal purposes. Over time, whisky production moved from monastic settings to farms and then to commercial distilleries. This transition marked the beginning of an industry that would become synonymous with Scotland. Scottish Whisky Market Was Valued At US$ 4.97 Bn In 2018, And It Is Expected To Reach US$ 7.89 Bn By The End Of 2027, Exhibiting A CAGR Of 5.3% During The Forecast Period (2019 To 2027). One of the defining characteristics of the Scottish Whisky Market is its adherence to traditional production methods. Scotch whisky is made from malted b
Read more

Monochloroacetic Acid (MCAA) Market Is Estimated To Witness High Growth Owing To Increasing Demand for Surfactants and Herbicides

Image
Monochloroacetic Acid (MCAA) Market The Monochloroacetic Acid (MCAA) Market is estimated to be valued at USD 676.52 Million in 2022 and is expected to exhibit a CAGR of 7.03% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Monochloroacetic Acid (MCAA) Market is driven by the increasing demand for surfactants and herbicides in several industries such as agriculture, pharmaceuticals, textiles, and personal care. MCAA is extensively used in the production of surfactants, herbicides, and carboxymethyl cellulose (CMC), which are essential in various applications. These applications include detergents, agrochemicals, pharmaceuticals, dyes, and cosmetics, among others. The versatile properties of MCAA, such as its ability to act as a raw material in the production of herbicides and surfactants, make it highly desirable in the market. Market Dynamics: The Monochloroacetic Acid (MCAA) Market is driven by two k
Read more