What Has Been the Growth Trajectory for the Athletic Footwear Market in Recent Years?
The athletic footwear market has seen considerable growth due to a variety of factors.
• The market size of athletic footwear has experienced substantial growth in the past few years. It is projected to increase from $85.25 billion in 2024 to $89.83 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.4%.
This progression during the historic period can be credited to the rise of global sports events, urbanisation coupled with active living, allegiance to particular brands and the emergence of sneaker culture, heightened awareness for health and fitness and the casual workwear trend.
What is the Market Size Forecast for the Athletic Footwear Market?
The athletic footwear market is expected to maintain its strong growth trajectory in upcoming years.
• The sports shoe market is expected to witness significant expansion in the upcoming years, with projections estimating a total value of $115.9 billion by 2029, reflected by a compound annual growth rate (CAGR) of 6.6%.
Various factors contributing to this forecasted growth include the rise in sustainable and environmentally friendly footwear, growth in untapped markets, the impact of sports tourism and events, the melding of performance and lifestyle, and the increasing emphasis on inclusivity and diversity. Upcoming trends for this period encompass the incorporation of technology, tailoring and personalizing products, partnerships and the launch of limited-edition products, the emergence of online retailing and DTC channels, a resurgence of retro and vintage trends, alongside the proliferation of fitness apps and wearable devices.
Which Factors Are Boosting Growth In The Athletic Footwear Market?
The growing frequency of sports contests is predicted to boost the athletic footwear industry. These sports contests are competitions that see large numbers of players battling against each other to emerge as the grand winners. More and more people are joining local or regional tournaments to showcase their abilities and represent their nations on international platforms. Players participating in the numerous sports tournaments are required to wear athletic footwear to ensure a safe and competitive environment during the tournaments. For example, the England and Wales Cricket Board, the governing body of cricket, reported that in May 2023, about 2.6 million people participated in cricket in 2022, with roughly 1.4 million players under the age of 16. The influx of young cricket lovers was bolstered by the ECB's nationwide movements, All Stars Cricket, and Dynamos Cricket. These initiatives drew in over 100,000 participants for the second year running in 2022, aiding the sport's growth amongst beginners. Consequently, the increasing frequency of sports contests is expected to fuel the expansion of the athletic footwear industry in the forecasted period.
What Are The Major Segments Within The Athletic Footwear Market?
The athletic footwear market covered in this report is segmented –
1) By Product Type: Running Shoes, Sports Shoes, Trekking Or Hiking Shoes, Other Product Types
2) By End User: Men, Women, Kids
3) By Distribution Channel: Hyper markets Or Super markets, Specialty Stores, Brand Outlets, Online Channels
Subsegments:
1) By Running Shoes: Road Running Shoes, Trail Running Shoes, Racing Flats, Cushioned Running Shoes
2) By Sports Shoes: Basketball Shoes: Soccer Cleats, Tennis Shoes, Training Shoes, Cross-Training Shoes
3) By Trekking Or Hiking Shoes, Lightweight Hiking Shoes: Mid-Cut Hiking Boots, Backpacking Boots, Approach Shoes
4) By Other Product Types: Casual Athletic Shoes: Lifestyle Sneakers, Slip-On Athletic Shoes, Sandals And Slides
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Which Trends Are Expected To Transform The Athletic Footwear Market?
The increasing trend of employ recycled materials in the production of shoes is becoming influential in the athletic footwear market. Firms in this industry are prioritizing the use of recycled components in shoe construction to lessen their carbon emissions and achieve their individual sustainability objectives. For example, Decathlon S.A., a French sports goods company, introduced Traxium Compressor in April 2022, a football boot entirely made from recycled thermoplastics sourced from discarded sports goods like plastic balls, shoes, etc.
Who Are the Key Players in the Athletic Footwear Market?
Major companies operating in the athletic footwear market include:
• Nike Inc.
• Adidas AG
• Lining
• VF Corporation
• Puma SE
• ANTA Sports Products Limited
• Skechers USA Inc.
• Under Armour
• New Balance Athletics Inc.
• Lotto Sport
• Li-Ning Company Limited
• ASICS Corporation
• ASICSTIGER
• Deckers Brands
• Columbia Sportswear Company
• Fila
• Fila Korea Ltd.
• Mizuno Corporation
• On AG
• Brooks Running Company
• ECCO Sko A/S
• K-Swiss Inc.
• Diadora Sport S.p.A.
• Umbro
• Keen Inc.
• Saucony
• Warrior
• Salomon
• Tecnica Group S.p.A.
• La Sportiva
• Vivobarefoot
• Helly Hansen
• Topo Athletic
• Hummel International Sport & Leisure A/S
What Is The Most Dominant Region In The Athletic Footwear Market?
North America was the largest region in the athletic footwear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the athletic footwear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
