Athletic Footwear Industry Forecast 2025–2032 & Key Developments

Athletic footwear encompasses shoes specifically designed for sports and physical activities, offering features that enhance performance, comfort, and durability. The industry includes a variety of products such as running shoes, training shoes, and lifestyle sneakers. A major driver of market growth is the increasing participation in sports and fitness activities, fueled by rising health awareness among consumers.

Market Overview:

The athletic footwear market size was valued at USD 132.45 billion in 2023 and is expected to be worth USD 138.72 billion in 2024. The market is projected to reach USD 210.94 billion by 2032, recording a CAGR of 5.38% during the forecast period.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

·         Nike, Inc. (U.S.)

·         Adidas AG (Germany)

·         Mizuno Corporation (Japan)

·         PUMA SE (Germany)

·         Under Armour, Inc. (U.S.)

·         Deckers Outdoor Corporation (U.S.)

·         FILA Holdings Corporation (South Korea)

·         On Holding AG (Switzerland)

·         New Balance Athletics, Inc. (U.S.)

·         Lululemon Athletica Inc. (Canada)

Competitive Landscape:

Top Brands Introduce Innovative Products to Expand Consumer Reach

Leading players in the athletic footwear market are actively launching new products equipped with advanced technologies to meet the evolving safety, comfort, and performance needs of consumers. Many manufacturers are integrating smart features such as embedded sensors to provide users with real-time data and insights during workouts or athletic activities, enhancing the overall fitness experience and broadening their appeal to tech-savvy customers.

Notable Industry Development:

August 2024: Puma unveiled its latest innovation in athletic footwear with the launch of MagMax NITRO running shoes. This new model incorporates the brand’s cutting-edge NITROFOAM™ technology, designed to deliver enhanced cushioning and superior energy return. According to the company, MagMax NITRO provides "supermax" comfort and propulsion, aiming to improve performance for both casual runners and professional athletes. The launch reflects Puma’s continued focus on blending advanced technology with performance-driven design to meet the evolving needs of the athletic footwear market.

Segmentation Overview (Athletic Footwear Market):

• Running Shoes Dominate by Product Type:

  • Segments include training shoes (CrossFit/cross-training), running shoes (performance), lifestyle shoes (skateboarding), outdoor shoes (trail), and others.

  • In 2023, running shoes led the market due to a global rise in marathon participation and increased interest in long-distance running, driving demand for performance footwear.

• Men Lead End-User Segment:

  • End users are segmented into men, women, and children.

  • The men’s segment held the largest market share in 2023, fueled by increased male participation in sports and fitness activities, boosting demand for high-performance shoes.

• Hypermarkets/Supermarkets Top Distribution Channel:

  • Distribution channels include hypermarkets/supermarkets, specialty/sporting goods stores, departmental stores, online stores/e-commerce, and others.

  • Hypermarkets and supermarkets dominated in 2023 due to high customer traffic and a wide range of brands, allowing easy product comparison and selection.

• Regional Analysis:

  • The market is geographically segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

  • Growth dynamics vary across regions, influenced by economic factors, cultural preferences, and sports participation levels.

Report Coverage – Key Highlights:

• In-depth Market Analysis:

  Covers detailed examination of leading product types, end-user segments, and distribution channels.

• Focus on Key Players:

  Profiles prominent companies in the market, analyzing their strategies, market share, and competitive positioning.

• Latest Trends Identified:

  Highlights emerging market trends, including technological advancements and shifts in consumer behavior.

• Industry Developments Tracked:

  Reviews major developments such as product launches, partnerships, mergers, and acquisitions.

• Additional Market Insights:

  Provides comprehensive insights into various other growth drivers and factors influencing market expansion.

Get Full Report: http://fortunebusinessinsights.com/athletic-footwear-market-104126

Drivers and Restraints:

Increasing Participation in Sports to Foster Market Growth

People across the world have become more conscious about their overall health and wellbeing, especially after the COVID-19 pandemic. This has prompted them to participate in a wide range of sports and outdoor activities, such as running, cycling, and trekking to take better care of their health and fitness. This factor has boosted the demand for different types of athletic footwear as it plays a vital role in improving an individual’s performance while participating in different sports.

However, environmental challenges caused by the generation of shoe waste can hinder the athletic footwear market growth.