Athletic Footwear Market Size, Share & Growth Report 2032

Athletic Footwear Market: Industry Perspective

The global athletic footwear market size was worth around USD 51.48 billion in 2023 and is predicted to grow to around USD 78.17 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.75% between 2024 and 2032.

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The report covers forecasts and analyses for the athletic footwear market on a global and regional level.

Athletic footwear is designed for athletics which is to be worn for sports, jogging, recreational activity, exercise, or gym. Athletic footwear’s made up of flexible materials such as leather, rubber, etc. Athletics shoes are primarily designed for sports activities or for physical exercise. Owing to its comfort level athletic shoes are mostly used for running. Increasing health awareness related to obesity, and blood pressure among people fuels the demand for athletic footwear. People prefer footwear that gives more comfort, and durability and is of greater quality. Increasing preferences towards activities such as exercises, sports, and gym among people anticipate propelling the demand for the athletic footwear market in coming years. Athletes mostly prefer shoes that prevent muscle injuries, pain, leg injuries, etc. thus the popularity of the product is increasing across the globe. Accordingly, the demand for athletic footwear is expected to record a sharp rise over a forecast period. 

Athletic Footwear Market Segmentation Analysis

The global athletic footwear market is categorized on the basis of product type and end user. Based on the product type, the global market is classified as aerobic and gym wear shoes, hiking and backpacking shoes, running and walking shoes, and sports shoes. By end-user, the global athletic footwear market is categorized into men, women, and kids. Among all, the men’s footwear segment is growing at a consistent pace. It is the leading segment in the global footwear market. It accounted for 75% of the value share in 2023. Women prefer shoes that give them both style and comfort. This segment is expected to grow with the highest CAGR. The market growth is mainly driven by rising awareness about fitness and health among people coupled with the increasing interest in different sports events accelerating the athletic footwear market. The main integral part of the global athletic footwear market is comfort which will lead the market in the coming years. However, rising raw material costs may hamper the global athletic footwear market growth. 

To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the athletic footwear market has also been included. The study encompasses a market attractiveness analysis, wherein product type and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The study provides a decisive view of the athletic footwear market by segmenting the market based on product type, end users, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. Based on product type, the athletic footwear market is segmented into sports shoes, running and walking shoes, hiking and backpacking shoes, and aerobic and gym wear shoes. Based on the end user, the athletic footwear market is further segmented into men, women, and kids.

Athletic Footwear Market: Report Scope

Regional Analysis

By geography, the athletic footwear market finds its market scope in North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. The Asia Pacific is anticipated to be the fastest-growing region owing to factors such as growing awareness regarding health and increasing interest in exercise and outdoor activities. The Asia Pacific accounted for approximately 64% of the value share in 2023. The rapid development of the footwear industry in emerging economies such as China and India also contributes to market growth. The demand for athletic footwear in Europe is expected to remain slow as compared to other regions.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including Germany, France, the U.K., the U.S., China, Japan, India, and Brazil.

Athletic Footwear Market: Competitive Analysis

The global athletic footwear market is dominated by players like:

• Nike, Inc.
• Adidas AG
• New Balance, Inc.
• Skechers Inc.
• Asics Corporation
• Puma SE
• Under Armor
• Reebok International Ltd.
• Vans, Inc.
• K-Swiss Inc.

This report segments the global athletic footwear market as follows:

Global Athletic Footwear Market: Product Type Segment Analysis

• Sports Shoes
• Running and Walking Shoes
• Hiking And Backpacking Shoes
• Aerobic And Gym Wear Shoes 

Global Athletic Footwear Market: End-User Segment Analysis

• Men
• Women
• Kids

Global Athletic Footwear Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa