The global for Sports Footwear Market, in 2022, had a total worth of USD 98.44 billion, and it is anticipated to climb to USD 180.98 billion by 2032. Throughout the forecast period, a robust compound annual growth rate (CAGR) of 7% is expected. Factors propelling this revenue surge include the growing popularity of athleisure fashion, heightened awareness of sports engagement for health and fitness, and an ongoing commitment by manufacturers to develop technologically advanced footwear that enhances performance while reducing the risk of injuries in response to consumer demand for both comfort and high performance in sports shoes.

Furthermore, the escalating demand for sports footwear across various sectors, encompassing sports, fitness, and leisure, is a pivotal driving force behind market revenue expansion. The global rise in the popularity of sports such as basketball, running, and football is also contributing to the increasing demand for athletic footwear.

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Top Profiled Companies in the Global Sports Footwear Market Report:

  • Nike, Inc.
  • Adidas AG
  • Under Armour, Inc.
  • New Balance, Inc.
  • Asics Corporation
  • Puma SE
  • Skechers USA, Inc.
  • Reebok International Ltd.
  • VF Corporation
  • Brooks Sports, Inc.
  • Salomon S.A.

Sports Footwear Market Growth

  • Health and Fitness Boom: The global emphasis on health and fitness has led to an increased demand for sports footwear. People are becoming more health-conscious and are engaging in various physical activities, including running, walking, and going to the gym. As a result, they are investing in appropriate sports footwear to enhance their performance and reduce the risk of injuries.
  • Fashion and Lifestyle: Sports footwear is no longer limited to athletic activities. It has become a fashion statement and an integral part of the lifestyle of many consumers. Athleisure, a trend that combines sportswear with casual fashion, has been a significant driver of sports footwear sales.
  • Innovations in Technology: Sports footwear manufacturers are continually introducing innovative technologies and materials to improve the performance, comfort, and durability of their products. Features like air cushioning, moisture-wicking fabrics, and lightweight materials have contributed to the market's growth.

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:

  • Running Shoes
  • Basketball Shoes
  • Football Shoes
  • Tennis Shoes
  • Cross-Training Shoes
  • Others

End-Use Outlook:

  • Men
  • Women
  • Children

Key Takeaways of the Global Sports Footwear Market Report:

  • A comprehensive overview of the global Sports Shoe industry.
  • Accurate market projections in terms of market size, share, and volume.
  • Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
  • Deep-dive analysis of the upcoming market trends.
  • Qualitative and quantitative analyses of the global Sports Footwear Market.
  • Elaborate study of the leading regional markets in the global Sports Footwear Market.
  • Complete overview of the market’s competitive landscape.
  • Brief look at the company profiles and portfolios.

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