The Global Sports Footwear Market size is projected to reach USD 142.40 billion by 2026, and will rise at a CAGR of 4.8 % from 2019 to 2026. The market value was USD 98.70 billion in 2018.
The Global Sports Footwear Market report contains market revenue, market share, and production of the service providers is also mentioned with accurate data. Moreover, the global market report majorly focuses on the current developments, new possibilities, advancements, as well as dormant traps. Furthermore, the market report offers a complete analysis of the current situation and the advancement possibilities of the market across the globe.
This report analyses substantial key components such as production, capacity, revenue, price, gross margin, sales revenue, sales volume, growth rate, consumption, import, export, technological developments, supply, and future growth strategies.
Attributable to the rising prevalence of sports culture. Sports footwear is mainly designed for any physical exercise or sports activities. Sports footwear are highly preferred due to their physical properties such as motion control or torsional stability, flexibility, and others. Such benefits have increased the demand for sports shoes in the market worldwide.
The report on the Sports Footwear Market offers a comprehensive overview of the market and its growth parameters such as drivers, restraints, and challenges. It also focuses on major industry developments and key insights into the market. The report presents a detailed segmentation of the market based on factors such as gender, end-user, distribution channel, and regions. Besides this, the report lists the names of players operating in the market and the key strategies adopted by them to compete for the top position in the market. Furthermore, the report lists the current Sports Footwear Market trends and opportunities.
List of best manufacturers in the Sports Footwear Market are mentioned below;
- ASICS
- Nike Inc.
- Diadora S.p.A.
- Adidas Group
- Puma SE
- Converse
- Reebok
- MIZUNO Corporation
- Sketchers, USA Inc.
- Armor Inc.
Gain More Insights into the Sports Footwear Market Research Report: https://www.fortunebusinessinsights.com/toc/sports-footwear-market-102216
Major Growth Drivers:
Increasing Inclination Towards Physical Fitness Will Promote Growth
The rise in participation in sports activities worldwide is a major factor promoting the Sports Footwear Market growth. This, coupled with the increasing number of people suffering from health issues due to the adoption of a sedentary lifestyle, is propelling the need for physical fitness and exercises daily. Such factors are likely to increase the demand for sports shoes worldwide, thereby accelerating the rate of growth for the sports shoes market.
Regional Analysis:
Asia Pacific to Grow Robustly Owing to Government-supported Initiatives
On the basis of regional segmentation, the global Sports Footwear Market is categorized into the regions of North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Each of these regions is further segmented into nations. Among these, North America held the largest sports shoes market share and generated a revenue of USD 41.12 billion in 2018 and USD 42.89 billion in 2019. This is owing to the presence of rich sports culture and high preference for other similar activities, especially in the U.S.
On the other side, Asia Pacific is anticipated to witness robust growth in the forecast period on account of the increasing inclination towards fitness and sports activities. Besides this, the increasing number of the struck-down by disease population such as high blood pressure, diabetes, and cardiac disorders has propelled people to give importance to physical activities such as walking, jogging, running, yoga, and others. This is further expected to promote the sports shoe market demand in the years to come.
Moreover, governments in developing nations such as India are promoting sports and recreational activities by making it a compulsory subject in schools. Thus, such initiatives will help add impetus to the regional sports shoe market growth in the forecast duration.