SAN FRANCISCO, Sept. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Athletic Footwear - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 776
Companies: 55 - Players covered include Adidas AG; ASICS Corporation; Fila Inc.; Lotto Sport Italia S.p.A.; New Balance Athletics, Inc.; Nike, Inc.; Puma SE; Reebok International Ltd.; Saucony, LLC; Skechers USA, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Category (Running Shoes, Sports Shoes, Walking Shoes, Aerobic Shoes, Trekking & Hiking Shoes); Gender (Men, Women, Kids); Retail Channel (Offline, Online)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Athletic Footwear Market to Reach $95.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Athletic Footwear estimated at US$71.8 Billion in the year 2020, is projected to reach a revised size of US$95.7 Billion by 2026, growing at a CAGR of 4.9% over the analysis period. Running Shoes, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$38.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sports Shoes segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $20.1 Billion in 2021, While China is Forecast to Reach $19.5 Billion by 2026
The Athletic Footwear market in the U.S. is estimated at US$20.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.5 Billion by the year 2026 trailing a CAGR of 7.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Walking Shoes Segment to Reach US$14.3 Billion by the year 2026
In the global Walking Shoes segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.1 Billion in the year 2020 will reach a projected size of US$11.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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