The Sports Shoes Market had a strong performance in 2021 and is projected to experience rapid revenue growth over the forecast period. The market's growth can be attributed to several factors, including the increasing awareness of the importance of health and fitness, the rising participation in sports and outdoor recreational activities such as hiking and backpacking, the growing demand for premium athletic footwear among consumers with high purchasing power, and the increasing number of franchised footwear stores in various countries worldwide.

Athletic footwear, also known as sneakers, sport shoes, trainers, and running shoes, are designed specifically for sports or recreational activities like jogging, hiking, or aerobic dancing. While initially intended for outdoor sports activities, these shoes are now widely used for everyday casual wear by all age groups. The Sports Shoes Market's popularity surged in the mid-20th century, thanks to companies like Nike, Converse, and Reebok, and has since grown exponentially. The shoes' main features include a flexible sole, impact absorption capability, and appropriate tread for function. Additionally, athletic shoes increase wearer comfort and performance and help prevent injuries.

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Top Profiled Companies in the Global Sports Shoes Market Report:

  • Asics Corporation
  • Reebok International Limited
  • Adidas Group
  • Puma SE
  • VF Corporation
  • Nike, Inc.
  • FILA Korea, Ltd.
  • New Balance, Inc.
  • SKECHERS, Inc.
  • K-Swiss, Inc.
  • Wolverine World Wide, Inc.
  • Under Armour Inc.
  • Athleta
  • Capelli Sport
  • Merrell
  • Topper
  • Heelys
  • Ewing Athletics

Major Driving Factors of Sports Shoes Market:

  • Increasing health awareness: The growing awareness of the importance of physical fitness and healthy living has led to an increase in demand for athletic footwear. More people are engaging in sports and fitness activities, and they require appropriate footwear to enhance their performance and reduce the risk of injury.
  • Fashion trends: The popularity of athletic footwear has increased due to its trendy designs, bold colors, and unique styles. Fashion-conscious consumers are looking for footwear that not only performs well but also complements their personal style.
  • Technological advancements: Athletic footwear manufacturers are continuously innovating to develop new materials and technologies that improve the performance, comfort, and durability of their products. For instance, the use of lightweight and breathable materials, cushioning technology, and improved traction have made athletic footwear more comfortable and efficient for athletes.

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

 

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Further market segmentation

Product Type Outlook (Revenue, USD Billion; 2019-2030)

  • Sports Shoes
  • Tennis Shoes
  • Soccer Shoes
  • Basketball Shoes
  • Cricket Shoes
  • Others
  • Running & Walking Shoes
  • Hiking/Trekking & Backpacking Shoes
  • Aerobic & Gym Wear Shoes
  • Others

End-use Outlook (Revenue, USD Billion; 2019-2030)

  • Men
  • Women
  • Kids

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Brand Outlets
  • Online Channels

Notable Innovations of Sports Shoes Market

  • Air Cushioning: Air cushioning is a technology developed by Nike in the late 1970s that uses air pockets in the sole of a shoe to provide cushioning and reduce impact on joints during exercise. This technology has since been adopted by many other brands and has become a standard feature in athletic footwear.
  • Flywire: Flywire is a lightweight, high-strength material used in the upper of athletic shoes to provide support and stability while reducing weight. It is made up of strong, lightweight fibers that are strategically placed to provide targeted support where it is needed most.
  • Boost Foam: Boost foam is a proprietary technology developed by Adidas that uses thousands of small foam pellets to create a highly responsive and energy-returning midsole. It provides excellent cushioning and support while remaining lightweight and durable.

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