NEW YORK, Nov. 29, 2021 /PRNewswire/ -- The athletic footwear market is expected to grow by USD 4.38 billion from 2020 to 2025, progressing at a CAGR of 1.07% according to the latest report by Technavio.
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Athletic Footwear Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our athletic footwear market report covers the following areas:
Athletic Footwear Market 2021-2025: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. adidas AG, Admiral Sportswear Ltd., ASICS Corp., Brooks Sports Inc., Fila Holdings Corp., Mizuno Corp., Under Armour Inc., VF Corp., Wolverine World Wide Inc., and Woodland Worldwide are some of the major market participants.
Athletic Footwear Market 2021-2025:Drivers & Challenges
The growth in online retailing of athletic footwear, the growing focus on DTC channel expansion by vendors, and the rise in the number of athletic tournaments will offer immense growth opportunities. However, the increasing labor costs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Athletic Footwear Market 2021-2025: Segmentation
Athletic Footwear Market 2021-2025: Key Regions & Revenue Generating Segment
43% of the market's growth will originate from APAC. China is a key market for athletic footwear in the region. The increasing demand for sport-inspired and sport-specific footwear, the rising number of international sports events, and the growing participation of women in sports, fitness, and other athletic events will facilitate the athletic footwear market growth in APAC.
The athletic footwear market share growth by the offline segment will be significant for revenue-generating. Technavio report entails detailed information on all segments in store for vendors, which will assist in creating efficient business plans.
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Athletic Footwear Market 2021-2025: Key Highlights
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Athletic Footwear Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 1.07% |
Market growth 2021-2025 |
USD 4.38 billion |
Market structure |
Fragmented |
YoY growth (%) |
-0.45 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 43% |
Key consumer countries |
US, China, UK, Germany, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
adidas AG, Admiral Sportswear Ltd., ASICS Corp., Brooks Sports Inc., Fila Holdings Corp., Mizuno Corp., Under Armour Inc., VF Corp., Wolverine World Wide Inc., and Woodland Worldwide |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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