Athletic Footwear Market 2021 Industry Outlook, Regional Analysis, And Key Players 2026

Athletic Footwear:

An athletic shoe is a type of shoe built for sports and physical activities that differs from a dress shoe in terms of style and construction. Originally worn primarily for sports, they are now worn as everyday footwear. They're usually incredibly comfortable and have plenty of padding.


Market Growth:

During the forecast period, 2021-2026, the Athletic Footwear Market is expected to grow at a 7.15 percent CAGR. Initially, the COVID-19 had a significant impact on the sports footwear market; but, with the advent of online shopping and doorstep delivery, the category saw a surge in demand in the mid-years of 2020. However, due to trade barriers, the market has been obliged to rely on domestic production and manufacture.


After the lockdown measures were relaxed in many nations, however, more consumers joined the fitness bandwagon. As a result, demand for athletic footwear soared, keeping the business afloat throughout the pandemic's year-long duration. Although branded shoes have gained a larger following on social networking sites, counterfeit products continue to significantly impact buyers, as buyers seek low prices, superior designs, and long-lasting footwear. The Athletic Footwear Market is also being driven by raising awareness of the value of fitness and countries' increased participation in sports and activities.


Consumers throughout the world are reluctantly adapting to a very sedentary lifestyle, which has recently heightened the desire to engage in sports such as running and walking that will help them maintain their health. This is one of the main reasons why running shoes are becoming increasingly popular among consumers. A fascination also accompanies consumers' growing desire to preserve their health with high-end, custom-made footwear. This is increasing revenue from the product category, which may increase consumer confidence and loyalty even more.


Regional Analysis:

In the worldwide Athletic Footwear Market, the Middle East and Africa is the fastest-growing area. The main driver in the industry is people's growing concern about their health and fitness. South Africa is one of the market's leaders, with over 15% of the market, followed by Saudi Arabia and the United Arab Emirates (as per the analysis of Mordor Intelligence). Customers in the Middle East are willing to pay a premium for goods, and quality and durability are important. Due to rising disposable income, more health consciousness, and increased demand for attractive sports footwear, Asia-Pacific is a potential industry in terms of growth.


Key Players:

Asics Corporation, Adidas AG and Puma SE, VF Corporation, Nike, Inc., FILA, Inc., New Balance, Inc., Skechers Inc., K-Swiss, and Wolverine World Wide, Inc are the major key players of the Athletic Footwear Market.


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