Athletic Footwear Market Size, Trends and Insights By Product Type (Sports Shoes, Running and Walking Shoes, Hiking and Backpacking Shoes, Aerobic and Gym Wear Shoes), By Distribution Channel (Specialty Stores, Retail Outlets, Department Stores, Online), By End-use Industry (Men, Women, Kids), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Nike Inc.
- Adidas AG
- VF Corporation
- Puma SE
- ANTA Sports Products Limited
- Skechers USA Inc.
- Under Armour
- Others
Reports Description
Global Athletic Footwear Market was valued at USD 48.8 Billion in 2024 and is expected to reach USD 75.5 Billion by 2033, at a CAGR of 4.9% during the forecast period 2024 – 2033.
Athletic footwear is more flexible and durable than other sports footwear. The demand for footwear items is being driven by rising fitness trends and rising levels of public participation in sports.
Athletic Footwear Market: Growth Factors
Rise in number of sports association and tournaments
The market for athletic footwear is significantly influenced by the growing number of sports associations and competitions. The need for specific athletic footwear made for different sports activities rises as more people compete in local, regional, and international sporting events.
To promote participation and highlight talent, sports associations and governing authorities are aggressively marketing and planning sporting events at all levels. According to the England and Wales Cricket Board, there were about 2.6 million cricket players in 2022, of which about 1.4 million were under the age of sixteen.
Sports participation is on the rise, especially among younger people, thanks to these nationwide initiatives by sports bodies.
Sports tourism has also increased as a result of the expanding acceptance of sporting events and the rising number of people participating in them they frequently buy mementoes and items associated with their favourite teams and sports, and fans and spectators at these events add to the demand for athletic footwear.
In conclusion, the growing number of sports leagues and competitions is a major factor propelling the athletic footwear market since it directly affects the need for specialized footwear for competitive and safe participation in a range of sports.
Growing awareness of health and fitness
The market for sports footwear is significantly driven by the increased public awareness of fitness and health. The need for specific athletic footwear made for different sports and workouts has grown as more people place a higher priority on leading active lifestyles and participating in sports and fitness activities.
The market for sports footwear is significantly driven by the increased public awareness of fitness and health. The need for specific athletic footwear made for different sports and workouts has grown as more people place a higher priority on leading active lifestyles and participating in sports and fitness activities.
As people become more conscious of the dangers of being inactive and place more value on physical fitness, even for younger populations, the number of people participating in sports and leisure activities. The demand for athletic footwear is increased by people’s increased participation in sports and other leisure activities.
Athletic footwear made for certain sports like tennis, basketball, soccer, and running is in high demand as more people understand how important it is to lead an active lifestyle and incorporate sports and fitness activities into their daily routines. The global market for sports footwear is expanding as a result of increased awareness of health and fitness.
Athletic Footwear Market: Restraints
Seasonality of demand
Athletic shoe demand varies greatly by season for example, demand for winter and summer shoes rises during the previous seasons. It is difficult for businesses to sustain steady revenue throughout the entire year.
Shoes that are comfortable and adaptable to many environments are in high demand, which makes it challenging for businesses to stand out from the competition and keep customers loyal to their brands. Demand seasonality can affect profitability and consumer satisfaction by causing stockouts during peak seasons and excess inventory during off-seasons.
In summary, manufacturers find it difficult to sustain steady sales, efficiently manage inventory, and retain customer interest throughout the year due to the very seasonal nature of the athletic footwear market, as consumers seek out particular styles depending on the weather and season. The market for athletic footwear is significantly limited in its capacity to grow and become profitable by this seasonality.
Athletic Footwear Market: Opportunities
Personalized and customized footwear
There are a lot of prospects for the athletic footwear industry due to the increased demand for individualized and customized footwear. The increasing demand for personalized and customized footwear is driven by consumers wanting unique, specialized products that respond to their specific wants and preferences.
With technological advancements like digital and 3D printing, it is now possible to create personalized shoes with exact control over fit, material, and style. Firms now have more ways to stand out from the competition by offering customized goods. Fit and comfort are becoming more and more important factors for consumers when choosing footwear.
Customized and personalized shoes can guarantee a perfect fit, improving performance and comfort. It is anticipated that this trend will fuel market expansion. The sports footwear market is expanding quickly in emerging regions like Asia and Latin America due to rising middle class and discretionary income.
This offers marketers the chance to reach a wider audience and provide these markets with individualized and customized footwear items. In conclusion, there are a lot of prospects for the sports footwear market due to the increased demand for customized and personalized footwear.
Athletic Footwear Market: Segmentation Analysis
Global Athletic Footwear Market is segmented product type, distribution channel, end-use industry and region. Based on product type, the market is classified into Sports Shoes, Running and Walking Shoes, Hiking And Backpacking Shoes and Aerobic And Gym Wear Shoes.
Running and Walking Shoes dominated the market in 2023 with a market share of 30.3% and are expected to keep their dominance during the forecast period 2024-2033. It can be explained by the fact that running shoes are so popular and that they come in a range of prices, from high-end sports shoes to affordable athletic shoes.
Running and walking shoes are primary drivers of the athletic footwear market, catering to diverse consumer needs for performance, comfort, and style. With an emphasis on technological innovation, such as cushioning, stability, and lightweight materials, these shoes offer specialized features tailored to the biomechanics of running and walking.
The growing popularity of fitness activities and athleisure trends further fuels demand for these categories. Manufacturers constantly refine designs to enhance performance and appeal to broader demographics, including casual exercisers and urban commuters. Consequently, running and walking shoes play a pivotal role in shaping the athletic footwear market, driving innovation and market growth.
Based on distribution channel, the market is classified into specialty stores, retail outlets, department stores and online. Online dominated the market in 2023 with a market share of 49.5% and is expected to keep its dominance during the forecast period 2024-2033.
Online platforms are revolutionizing the athletic footwear market, propelling its growth through convenience, accessibility, and customization. E-commerce channels offer a vast array of athletic shoe options, catering to the diverse preferences and needs of consumers.
These platforms leverage advanced technologies like virtual try-ons and AI-driven recommendations, enhancing the online shopping experience and reducing the reliance on physical stores.
Additionally, direct-to-consumer models employed by many brands streamline distribution, cutting costs and environmental impact. As online shopping becomes increasingly prevalent, it serves as a primary driver of the athletic footwear market, reshaping how consumers engage with and purchase athletic shoes.
Based on end use industry, the market is classified into men, women and kids. Men dominated the market in 2023 with a market share of 47.8% and is expected to keep its dominance during the forecast period 2024-2033. Men play a pivotal role in driving the athletic footwear market.
With an increasing focus on fitness, sports, and casual athleisure trends, men are driving demand for innovative and performance-oriented footwear. Their preferences for functionality, durability, and style influence product design and marketing strategies.
Additionally, male athletes, fitness enthusiasts, and fashion-conscious individuals seek footwear that reflects their active lifestyle and personal style. As a result, brands invest in research and development to cater to men’s evolving needs, contributing to the continuous growth and innovation within the athletic footwear market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 48.8 Billion |
| Projected Market Size in 2033 | USD 75.5 Billion |
| Market Size in 2023 | USD 46.6 Billion |
| CAGR Growth Rate | 4.9% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Distribution Channel, End-use Industry and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Athletic Footwear Market: Regional Analysis
By region, Athletic Footwear Market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia Pacific dominated the Athletic Footwear Market in 2023 with a market share of 41.3% and is expected to keep its dominance during the forecast period 2024-2033.
Asia Pacific’s demand for sports footwear is predicted to be significantly fuelled by rising disposable income and the expansion of e-commerce. The growth of the regional market is being fuelled by participation in multiple athletic events, including the Asian Games, the ICC Cricket World Cup, and the ACC Asia Cup.
For instance, the sports shoe market growth is driven by changing consumer lifestyles, increasing disposable income, and Japanese retail e-commerce. Growing vogue preferences for branded sports shoes spur market expansion in Japan, particularly among youth.
Athletic Footwear Market: Recent Developments
- In June 2023, GEL-KAYANO, was released by the Japanese multinational sportswear manufacturer ASICS. It features innovative technology that offers runners unparalleled comfort and flexible stability with each stride.
- In February 2022, Columbus Shoes and Mayasheel Retail India collaborated. The collaboration aims to expand Bazar India’s footwear line, increase its retail presence, and provide high-end sportswear and accessories.
- In May 2021, Nike debuted the “ZoomX Invincible Run” running shoes, the newest offering in their expanding collection of sports shoes. The “Nike React Infinity Run” sneakers, the brand’s most recent release, served as inspiration for the design of the new item.
List of the prominent players in the Athletic Footwear Market:
- Nike Inc.
- Adidas AG
- 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
- Deckers Brands
- Columbia Sportswear Company
- Fila Fila Korea Ltd.
- Brooks Running Company
- ECCO Sko A/S
- Lanvin
- K-Swiss Inc.
- Diadora Sport S.p.A.
- La Sportiva
- Vivobarefoot
- Topo Athletic
- Hummel International Sport & Leisure A/S
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Athletic Footwear Market is segmented as follows:
By Product Type
- Sports Shoes
- Running and Walking Shoes
- Hiking and Backpacking Shoes
- Aerobic and Gym Wear Shoes
By Distribution Channel
- Specialty Stores
- Retail Outlets
- Department Stores
- Online
By End-use Industry
- Men
- Women
- Kids
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research Scope
- 1.3 Research Methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Athletic Footwear Market, (2024 – 2033) (USD Billion)
- 2.2 Global Athletic Footwear Market: snapshot
- Chapter 3. Global Athletic Footwear Market – Industry Analysis
- 3.1 Athletic Footwear Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rise in the number of sports associations and tournaments
- 3.2.2 Growing awareness of health and fitness
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Distribution Channel
- 3.7.3 Market Attractiveness Analysis By End-use Industry
- Chapter 4. Global Athletic Footwear Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Athletic Footwear Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Athletic Footwear Market – Product Type Analysis
- 5.1 Global Athletic Footwear Market Overview: By Product Type
- 5.1.1 Global Athletic Footwear Market Share, By Product Type, 2023 and 2033
- 5.2 Sports Shoes
- 5.2.1 Global Athletic Footwear Market by Sports Shoes, 2024 – 2033 (USD Billion)
- 5.3 Running and Walking Shoes
- 5.3.1 Global Athletic Footwear Market by Running and Walking Shoes, 2024 – 2033 (USD Billion)
- 5.4 Hiking and Backpacking Shoes
- 5.4.1 Global Athletic Footwear Market by Hiking and Backpacking Shoes, 2024 – 2033 (USD Billion)
- 5.5 Aerobic and Gym Wear Shoes
- 5.5.1 Global Athletic Footwear Market by Aerobic and Gym Wear Shoes, 2024 – 2033 (USD Billion)
- 5.1 Global Athletic Footwear Market Overview: By Product Type
- Chapter 6. Global Athletic Footwear Market – Distribution Channel Analysis
- 6.1 Global Athletic Footwear Market Overview: By Distribution Channel
- 6.1.1 Global Athletic Footwear Market Share, By Distribution Channel, 2023 and 2033
- 6.2 Specialty Stores
- 6.2.1 Global Athletic Footwear Market by Specialty Stores, 2024 – 2033 (USD Billion)
- 6.3 Retail Outlets
- 6.3.1 Global Athletic Footwear Market by Retail Outlets, 2024 – 2033 (USD Billion)
- 6.4 Department Stores
- 6.4.1 Global Athletic Footwear Market by Department Stores, 2024 – 2033 (USD Billion)
- 6.5 Online
- 6.5.1 Global Athletic Footwear Market by Online, 2024 – 2033 (USD Billion)
- 6.1 Global Athletic Footwear Market Overview: By Distribution Channel
- Chapter 7. Global Athletic Footwear Market – End-use Industry Analysis
- 7.1 Global Athletic Footwear Market Overview: By End-use Industry
- 7.1.1 Global Athletic Footwear Market Share, By End-use Industry, 2023 and 2033
- 7.2 Men
- 7.2.1 Global Athletic Footwear Market by Men, 2024 – 2033 (USD Billion)
- 7.3 Women
- 7.3.1 Global Athletic Footwear Market by Women, 2024 – 2033 (USD Billion)
- 7.4 Kids
- 7.4.1 Global Athletic Footwear Market by Kids, 2024 – 2033 (USD Billion)
- 7.1 Global Athletic Footwear Market Overview: By End-use Industry
- Chapter 8. Athletic Footwear Market – Regional Analysis
- 8.1 Global Athletic Footwear Market Regional Overview
- 8.2 Global Athletic Footwear Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Athletic Footwear Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Athletic Footwear Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Athletic Footwear Market, 2024 – 2033 (USD Billion)
- 8.4 North America Athletic Footwear Market, by Product Type, 2024 – 2033
- 8.4.1 North America Athletic Footwear Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.5 North America Athletic Footwear Market, by Distribution Channel, 2024 – 2033
- 8.5.1 North America Athletic Footwear Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.6 North America Athletic Footwear Market, by End-use Industry, 2024 – 2033
- 8.6.1 North America Athletic Footwear Market, by End-use Industry, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Athletic Footwear Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Athletic Footwear Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Athletic Footwear Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Athletic Footwear Market, by Product Type, 2024 – 2033
- 8.8.1 Europe Athletic Footwear Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Athletic Footwear Market, by Distribution Channel, 2024 – 2033
- 8.9.1 Europe Athletic Footwear Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.10 Europe Athletic Footwear Market, by End-use Industry, 2024 – 2033
- 8.10.1 Europe Athletic Footwear Market, by End-use Industry, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Athletic Footwear Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Athletic Footwear Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Athletic Footwear Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Athletic Footwear Market, by Product Type, 2024 – 2033
- 8.12.1 Asia Pacific Athletic Footwear Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Athletic Footwear Market, by Distribution Channel, 2024 – 2033
- 8.13.1 Asia Pacific Athletic Footwear Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Athletic Footwear Market, by End-use Industry, 2024 – 2033
- 8.14.1 Asia Pacific Athletic Footwear Market, by End-use Industry, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Athletic Footwear Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Athletic Footwear Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Athletic Footwear Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Athletic Footwear Market, by Product Type, 2024 – 2033
- 8.16.1 Latin America Athletic Footwear Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Athletic Footwear Market, by Distribution Channel, 2024 – 2033
- 8.17.1 Latin America Athletic Footwear Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.18 Latin America Athletic Footwear Market, by End-use Industry, 2024 – 2033
- 8.18.1 Latin America Athletic Footwear Market, by End-use Industry, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Athletic Footwear Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Athletic Footwear Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Athletic Footwear Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Athletic Footwear Market, by Product Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Athletic Footwear Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Athletic Footwear Market, by Distribution Channel, 2024 – 2033
- 8.21.1 The Middle-East and Africa Athletic Footwear Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Athletic Footwear Market, by End-use Industry, 2024 – 2033
- 8.22.1 The Middle-East and Africa Athletic Footwear Market, by End-use Industry, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Nike Inc.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Adidas AG
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 VF Corporation
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Puma SE
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 ANTA Sports Products Limited
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Skechers USA Inc.
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Under Armour
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 New Balance Athletics Inc.
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Lotto Sport
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Li-Ning Company Limited
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 ASICS Corporation
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Deckers Brands
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Columbia Sportswear Company
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Fila Fila Korea Ltd.
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Brooks Running Company
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 ECCO Sko A/S
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Lanvin
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 K-Swiss Inc.
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Diadora Sport S.p.A.
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 La Sportiva
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Vivobarefoot
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.22 Topo Athletic
- 9.22.1 Overview
- 9.22.2 Financials
- 9.22.3 Product Portfolio
- 9.22.4 Business Strategy
- 9.22.5 Recent Developments
- 9.23 Hummel International Sport & Leisure A/S
- 9.23.1 Overview
- 9.23.2 Financials
- 9.23.3 Product Portfolio
- 9.23.4 Business Strategy
- 9.23.5 Recent Developments
- 9.24 Others.
- 9.24.1 Overview
- 9.24.2 Financials
- 9.24.3 Product Portfolio
- 9.24.4 Business Strategy
- 9.24.5 Recent Developments
- 9.1 Nike Inc.
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Nike Inc.
- Adidas AG
- 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
- Deckers Brands
- Columbia Sportswear Company
- Fila Fila Korea Ltd.
- Brooks Running Company
- ECCO Sko A/S
- Lanvin
- K-Swiss Inc.
- Diadora Sport S.p.A.
- La Sportiva
- Vivobarefoot
- Topo Athletic
- Hummel International Sport & Leisure A/S
- Others
FAQs
The restraints of the Athletic Footwear Market is seasonality of demand.
The major driver for the Athletic Footwear Market Rise in number of sports association and tournaments and growing awareness of health and fitness.
The “Sports Shoes” category dominated the market in 2023.
The key players in the market are Nike Inc., Adidas AG, 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, Deckers Brands, Columbia Sportswear Company, Fila Fila Korea Ltd., Brooks Running Company, ECCO Sko A/S, Lanvin, K-Swiss Inc., Diadora Sport S.p.A., La Sportiva, Vivobarefoot, Topo Athletic, Hummel International Sport & Leisure A/S, Others.
“Asia Pacific” had the largest share in the Athletic Footwear Market.
The global market is projected to grow at a CAGR of 4.9% during the forecast period, 2024-2033.
The Athletic Footwear Market size was valued at USD 48.8 Billion in 2024.