Global Sports Footwear Market Is Expected To Represent A Value Of Over US$ 115,000 Mn By The End Of 2022

As more people are participating in various sports activities, demand for the sports footwear is likely to rev up globally. Moreover, growing demand for performance enhancing footwear in the sports industry is predicted to boost demand for the sports footwear in the upcoming years. According to a recently compiled report by Fact.MR, the global sports footwear market is projected to reflect a CAGR of 5.5% over the forecast period, 2017-2022.

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According to a recently compiled report, the global sports footwear market is expected to represent a value of over US$ 115,000 Mn by the end of 2022. This newly published and insightful report sheds light on Market Insights of Sports Footwear, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Sports Footwear Market.

Evolution of athletic shoes technology has led to a significant transformation in the design, and functions of the sports footwear. Besides providing protection to the users during the athletic, fitness and sports activities, the sports footwear is equipped with enhanced technological features that boost the performance of the end users.

As demand for smart sports shoes continue to increase among the athletes, fitness professionals, and sportsmen, manufacturers in the sports industry are mainly focusing on integrating enhanced technology into sports footwear for boosting performance.

Running, basketball, gym, soccer, golf, and ice-hockey are a few sports, and fitness activities continue to inspire the youth population for participating in the sports and fitness activities, thereby driving sports footwear sales. Bound to these factors, the future growth of the sports footwear market is expected will be significant.

Market Taxonomy

Region
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA
Product Type
  • Running
  • Training & Gym
  • Basketball
  • Football
  • Soccer
  • Baseball
  • Golf
  • Tennis
  • Cricket
  • Other Shoe Types
End Use
  • Men
  • Women
  • Children
  • Unisex
Sales Channel
  • Independent Sports Outlet
  • Franchised Sports Outlet
  • Modern Trade Channels
  • Direct to Customer Brand Outlet
  • Direct to Customer Online Channel
  • Direct to Customer Institutional Channel
  • Third Party Online Channel

Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report).

Tracking & Gym to Represent a Dominant Segment

As people are becoming more conscious about their fitness, demand for the sport footwear is likely to increase in the fitness industry. Tracking & gym sport footwear products are likely to sell more than the other sport footwear globally. Currently, the tracking & gym product type segment is projected to represent more than US$ 6,000 Mn by 2022-end.

By end users, the men segment is projected to represent relatively high growth in terms of revenue, recording more than US$ 9,000 Mn by 2017-end. Sales of the sports footwear products will continue to witness significant growth through the modern trade channel. The modern trade sales channel segment is projected to account for more than US$ 7,000 Mn by 2022-end.

Market Players

Major players in the global market of sports footwear are Adidas AG, Nike, Inc, Puma SE, Under Armour, New Balance, Skechers USA, Brooks, Asics, Fila Korea, and Yonex.

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