Manufacturers are continuously focused on expanding their product portfolio in order to gain competitive advantage in this market. These include all kinds of outdoor and indoor shoes made of materials such as leather, plastic, and rubber.
In terms of revenue, North America led the market in holding Sports shoe segment is further categorized into tennis shoes, soccer shoes, basketball shoes, and cricket shoes. Prominent players in the market, such as Nike, Inc.
Different international brands are merging sportswear with fashion wear nowadays.
The market is highly competitive with players making huge investments in marketing channels and brand building. The availability of footwear through various retail channels and the gaining prominence of online retailers is Trends in the footwear industry the impulse buying behavior of consumers, thereby benefitting the footwear market.
Key players have also been profiled on the basis of company overview, financial overview, business strategies and key developments. At the same time, people have started realizing that sports and fitness activities can help ensure good health and reduce the risk of chronic disorders such as depression, cardiovascular diseases, and diabetes.
The market offers a variety of footwear with options in color, design, and price to cater to the needs and purchasing abilities of individual customers.
Youngsters are getting keen on adopting a healthy lifestyle and are hence participating actively in sports and other related activities. Based on distribution channel, the market has been classified into online channels, supermarkets and hypermarkets, independent retail stores, shoe stores, independent retail stores, textile retailers, and departmental stores.
This helps highlight the recommended growth strategies for the market. The market has been classified on the basis of material into rubber, plastic, and others.
Running shoes include shoes required for training, advanced running, road running, trail running, track running, and racing. People are also increasingly realizing the importance of using appropriate type of shoes for sports activities in order to prevent muscle injuries, leg injuries, knee pain, hip pain, and back pain.
Then there are fitness conscious customers, gym goers, and ones who use them during mild fitness routines. In most of the developed countries, the proportion of women athletes representing their respective nations at major sporting events is significant as compared to developing and underdeveloped countries.
Athletic footwear refers to those shoes that are designed for sports and other outdoor activities. Emerging role of e-commerce E-commerce, or electronic commerce, which involves buying and selling products and services exclusively through electronic channels, has a huge demand globally.
It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period from to With increasing participation in sporting activities and changing lifestyle, there is a massive demand for athletic shoes among non-sportspersons as well.
There are numerous small-scale manufacturers that offer tough competition to the athletic footwear giants. Sales expansion through online channels, innovative product launches, and attractive marketing and promotional strategies that are adopted by the companies have fueled the growth of the athletic footwear market size.
Factors such as great diversity in the footwear market and easy availability of products in many retail outlets are anticipated to encourage impulse buying of these products. For instance, six out of the ten largest U.
The high preference among consumers to make purchases through these channels accounts for their high revenue share to the overall market. Moreover, it identifies the significant opportunities for market growth in the years to come. This highlights their presence and helps establish their brand value to attract an increased volume of consumers.
Additionally, based on distribution channel, the footwear market has been classified into online channels, shoe stores, supermarkets and hypermarkets, independent retail stores, textile retailers, and departmental stores. This is because rubber is the most material that is used in every type of shoe ranging from athletic to non-athletic.
Snapshot The global footwear market is rising expeditiously as footwear is increasingly becoming a fashion accessory. InAsia Pacific accounted for the highest shipments at around million units and is anticipated to continue its dominance from to Footwear News is a leading shoe magazine bringing you the latest in shoe industry business, trends, runway and street fashion as well as key influencers.
Consumer Trends Shaping the Designer Apparel and Footwear Industry Mar Designer apparel and footwear, like the entire luxury industry, is facing a challenging time as globally consumer preferences shift from ‘owning’ to ‘being’, and technologies reinvent.
The NPD Group is the industry authority for the footwear market. Leading brands, specialty retailers, Wall Street analysts, and the media rely on our data of record and unique perspective. Athletic footwear market report provides market scenario of current trends.
Changing consumer lifestyle may also increase the demand for the market, forecast - Seven global trends are shaping the footwear industry’s future consumer. The global athletic footwear market size was valued at USD billion in It is expected to expand at a CAGR of slightly over % from to Growing enthusiasm and awareness regarding health benefits of sports & fitness activities, flourishing retail e-commerce sector worldwide, and rising levels of disposable income of consumers are estimated to be the key trends stoking.Download