Athletic Footwear Market to grow by USD 4.38 billion from 2020 to 2025 | Growth in Online Retailing of Athletic Footwear to Boost Growth | 17000+ Technavio Reports

NEW YORK, Nov. 29, 2021 /PRNewswire/ -- The athletic footwear market is expected to grow by USD 4.38 billion from 2020 to 2025, progressing at a CAGR of 1.07% according to the latest report by Technavio.

Attractive Opportunities in Athletic Footwear Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

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Athletic Footwear Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our athletic footwear market report covers the following areas:

  • Athletic Footwear Market size
  • Athletic Footwear Market trends
  • Athletic Footwear Market industry analysis

Athletic Footwear Market 2021-2025: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. adidas AG, Admiral Sportswear Ltd., ASICS Corp., Brooks Sports Inc., Fila Holdings Corp., Mizuno Corp., Under Armour Inc., VF Corp., Wolverine World Wide Inc., and Woodland Worldwide are some of the major market participants.

Athletic Footwear Market 2021-2025:Drivers & Challenges

The growth in online retailing of athletic footwear, the growing focus on DTC channel expansion by vendors, and the rise in the number of athletic tournaments will offer immense growth opportunities. However,  the increasing labor costs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Athletic Footwear Market 2021-2025: Segmentation

  • Distribution Channel
    • Offline
    • Online
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

Athletic Footwear Market 2021-2025: Key Regions & Revenue Generating Segment

43% of the market's growth will originate from APAC. China is a key market for athletic footwear in the region. The increasing demand for sport-inspired and sport-specific footwear, the rising number of international sports events, and the growing participation of women in sports, fitness, and other athletic events will facilitate the athletic footwear market growth in APAC.

The athletic footwear market share growth by the offline segment will be significant for revenue-generating. Technavio report entails detailed information on all segments in store for vendors, which will assist in creating efficient business plans.

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Athletic Footwear Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist athletic footwear market growth during the next five years
  • Estimation of the athletic footwear market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the athletic footwear market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of athletic footwear market vendors

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Athletic Footwear Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 1.07%

Market growth 2021-2025

USD 4.38 billion

Market structure

Fragmented

YoY growth (%)

-0.45

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

US, China, UK, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

adidas AG, Admiral Sportswear Ltd., ASICS Corp., Brooks Sports Inc., Fila Holdings Corp., Mizuno Corp., Under Armour Inc., VF Corp., Wolverine World Wide Inc., and Woodland Worldwide

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

Technavio (PRNewsfoto/Technavio)

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