According to Fortune Business Insights, Athletic footwear refers to shoes that are specially made for use during sporting events. These shoes offer a wide range of features that play a key role in enhancing an athlete’s performance during an event. This industry deals with products, such as running shoes, lifestyle shoes, and training shoes. The growing participation in sports activities due to rising health consciousness among people is one of the key factors driving the product’s demand.
Market Overview:
The global Athletic Footwear Market size was valued at USD 132.45 billion in 2023. The market is projected to grow from USD 138.72 billion in 2024 to USD 210.94 billion by 2032, exhibiting a CAGR of 5.38% over the forecast period. North America dominated the athletic footwear market with a market share of 34.19% in 2023.
LIST OF KEY COMPANIES PROFILED IN THE REPORT
Segmentation:
Running Shoes Gained Significant Popularity with Rising Number of Marathons
Based on product type, the market is divided into training shoes [crossfit/ cross training], running shoes [performance], lifestyle shoes [skateboarding], outdoor shoes [trail], and others. The running shoes segment held the biggest market share in 2023 as increased participation in marathons has boosted the number of marathons, which has fueled the demand for running shoes.
Men Increased Product Use Due to Growing Participation in Sports
Based on end user, the market is segmented into men, women, and children. The men segment captured the largest athletic footwear market share in 2023 due to the rising participation of the male population in a wide range of sports activities.
Hypermarkets/Supermarkets Witnessed Notable Rise in Customer Footfall Due to Wide Product Availability