Athletic Footwear Market (By Type: Aerobic Shoes, Running Shoes, Walking Shoes, Trekking & Hiking Shoes, Sports Shoes; By End-user: Men, Women, Children) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033
The global athletic footwear market size was valued at USD 133.20 billion in 2023 and is anticipated to reach around USD 197.17 billion by 2033, growing at a CAGR of 5% from 2024 to 2033. Growing enthusiasm and awareness regarding the health benefits of sports and fitness activities are estimated to be the key trends driving the athletic footwear market growth.
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The Asia Pacific athletic footwear market size was estimated at USD 47.95 billion in 2023 and is predicted to be worth around USD 71.97 billion by 2033, at a CAGR of 4.14% from 2024 to 2033.
Asia Pacific dominated the athletic footwear market globally in 2023. This trend is expected to persist, with the region maintaining its leadership position throughout the forecast period. The region is also anticipated to experience the highest growth rate, propelled by factors such as rising disposable incomes and the expanding reach of e-commerce platforms. Moreover, the growing interest in sports events like the Asian Games, the ICC Cricket World Cup, and the ACC Asia Cup is further driving the demand for athletic footwear across the region.
North America is expected to grow at the fastest rate over the forecast period. The region boasts a strong culture of sports and leisure activities, which drives substantial demand for athletic footwear. Major sporting spectacles like the Super Bowl and NBA championships add further momentum to the market. Moreover, the region benefits from the presence of renowned athletic footwear brands and a well-established retail network, bolstering market expansion. Continuous advancements in technology and materials by manufacturers in North America contribute to market growth by giving athletes and fitness enthusiasts a diverse array of performance-enhancing choices.
The North America athletic footwear market size reached USD 38.63 billion in 2023 and is projected to expand around USD 58.17 billion by 2033, poised to grow at a CAGR of 4.17% from 2024 to 2033.
Year | Market Size (USD Billion) |
2023 | 38.63 |
2024 | 40.17 |
2025 | 41.78 |
2026 | 43.45 |
2027 | 45.19 |
2028 | 47.00 |
2029 | 48.88 |
2030 | 50.83 |
2031 | 52.86 |
2032 | 54.98 |
2033 | 58.17 |
Athletic footwear, also known as sports shoes or sneakers, is specially designed footwear tailored for various physical activities, sports, and workouts. These shoes are crafted to ensure comfort, support, and protection for the feet during dynamic movements, high-impact exercises, and prolonged wear. They often feature cushioned midsoles, sturdy outsoles, breathable uppers, and other performance-oriented features customized for specific sports or activities. Sports footwear caters to a wide range of sports and recreational pursuits, including basketball, tennis, running, walking, soccer, and hiking.
Moreover, their utility extends beyond sports to everyday wear. This is because of the rising popularity of athleisure fashion trends. Athleisure encompasses comfortable and stylish sneakers suitable for both active pursuits and casual outings. Athletic footwear also plays a vital role in injury prevention and performance enhancement by giving athletes and fitness enthusiasts the necessary confidence and support to pursue their fitness objectives safely and effectively.
Report Coverage | Details |
Growth Rate from 2024 to 2033 | CAGR of 5% |
Global Market Size in 2023 | USD 133.20 Billion |
Global Market Size in 2024 | USD 138.53 Billion |
Global Market Size by 2033 | USD 197.17 Billion |
Largest Market | Asia Pacific |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | By Type and By End-user |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Driver: Advancements in manufacturing techniques
Advancements in manufacturing techniques, materials, and cushioning technologies are elevating the support, energy rebound, and impact absorption capabilities of footwear. The use of lightweight materials reduces strain on the shoe by promoting agility and responsiveness. Enhanced comfort and breathability are achieved through moisture-wicking fabrics and well-ventilated designs. Upgrades in outsole construction provide improved durability and traction, which ensure better resilience on various surfaces. Furthermore, the integration of wearable tech enables the collection and analysis of performance metrics on an individual level. These technological breakthroughs not only improve athletic performance but also appeal to consumers seeking innovative features in their footwear choices.
Restraint: Increasing competition among players
Rising competition among athletic footwear brands poses a significant obstacle to the athletic footwear market expansion. With an increasing array of brands and products available, companies face challenges in distinguishing themselves and capturing consumer attention in a crowded marketplace. Moreover, the growing price sensitivity among consumers prompts them to switch brands in pursuit of better deals, which can pose hurdles to building brand loyalty and retaining market share. As consumers seek versatile and comfortable footwear suitable for diverse occasions, the demand for casual and lifestyle footwear options rises, offering more style and fashion choices. Also, consumers desire personalized features and benefits, prompting companies to innovate and deliver specific solutions on a broader scale.
Opportunities: Athleisure's influence and growing sports participation
Consumers are attracted more towards designer athletic shoes that blend sports elements with fashion, aligning with the athleisure trend. The global demand for cycling and running footwear is propelled by a shift towards more active lifestyles among consumers. The rising popularity of fitness and sports activities like swimming, jogging, aerobics, and yoga presents abundant opportunities for players in the global athletic footwear market. Additionally, the growing participation of women in sports and fitness activities fuels the demand for stylish and comfortable sports shoes. Consumers, especially women, are investing more in athletic footwear. Also, the surge in Athleisure's popularity impacts the sports footwear preferences of millennial parents. Athletic footwear finds favor across all age groups, including baby boomers, Generation Z, Generation X, and millennials, as they all engage in sports and fitness activities.
The rising popularity of eco-friendly footwear
The growing emphasis on sustainability is a notable trend shaping market dynamics. Consumers are increasingly mindful of the environmental impact of their purchases, and this trend is evident specifically in the U.S. athletic footwear market. Brands are investing in eco-friendly materials, manufacturing processes, and packaging to cater to environmentally conscious consumers. There's a rising demand for sustainable and eco-friendly footwear as consumers prioritize products that minimize carbon footprints. Athletic footwear brands are continually innovating with new materials and technologies to enhance product performance in terms of comfort and durability.
The running shoes segment dominated the athletic footwear market in 2023. Running shoes cater to a diverse range of activities, including advanced running, trail running, and track running, among others. Their versatility and suitability for daily wear contribute significantly to their widespread popularity. Furthermore, the running shoe segment is propelled by the growing recognition of the importance of engaging in physical activities to prevent chronic illnesses. In response to consumer preferences, many companies are focusing on creating stylish athletic footwear options.
The trekking and hiking segment is expected to grow at a significant rate in the athletic footwear market over the forecast period. With advancements in technology, hiking footwear has become more comfortable and flexible for outdoor enthusiasts. These shoes are vital for protecting the feet and ankles during hikes, as they offer strength and durability and require a break-in period for optimal performance. Companies like Amer Sports, Nike, Puma, and Adidas have introduced specialized hiking and trail running footwear, capitalizing on innovations in fabrication, design, and product development. This has also led to the premiumization of hiking and trail running footwear in recent years.
The men's segment dominated the athletic footwear market in 2023. Throughout history, men have been closely linked with sports and physical activities, and they remain a key demographic for athletic footwear. By Engaging in a diverse array of sports like basketball, soccer, running, and tennis, men rely on specialized athletic shoes tailored to their requirements. Many athletic shoe brands have expanded their offerings for men, focusing on attributes such as stability, durability, and performance enhancements when crafting athletic footwear.
The women's segment is expected to expand rapidly during the projected period. As women's interest in sports continues to rise, particularly in previously untapped countries, Traditionally, women have been less involved in sports and fitness activities compared to men. However, in recent years, there has been a significant increase in the participation of women in activities such as marathons, running, and jogging, contributing to the growth of the athletic footwear industry. Developed nations tend to have a higher proportion of female athletes participating in major sporting events compared to developing and underdeveloped countries.
Segments Covered in the Report
By Type
By End-user
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Athletic Footwear Market
5.1. COVID-19 Landscape: Athletic Footwear Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Athletic Footwear Market, By Type
8.1. Athletic Footwear Market Revenue and Volume, By Type, 2024-2033
8.1.1 Aerobic Shoes
8.1.1.1. Market Revenue and Volume Forecast (2021-2033)
8.1.2. Running Shoes
8.1.2.1. Market Revenue and Volume Forecast (2021-2033)
8.1.3. Walking Shoes
8.1.3.1. Market Revenue and Volume Forecast (2021-2033)
8.1.4. Trekking & Hiking Shoes
8.1.4.1. Market Revenue and Volume Forecast (2021-2033)
8.1.5. Sports Shoes
8.1.5.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 9. Global Athletic Footwear Market, By End-user
9.1. Athletic Footwear Market Revenue and Volume, By End-user, 2024-2033
9.1.1. Men
9.1.1.1. Market Revenue and Volume Forecast (2021-2033)
9.1.2. Women
9.1.2.1. Market Revenue and Volume Forecast (2021-2033)
9.1.3. Children
9.1.3.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 10. Global Athletic Footwear Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.1.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.1.3.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.1.4.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.2.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.2.3.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.2.4.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.2.5.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.2.6.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.3.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.3.3.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.3.4.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.3.5.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.3.6.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.4.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.4.3.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.4.4.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.4.5.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.4.6.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.5.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.5.3.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.5.4.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
Chapter 11. Company Profiles
11.1. Adidas AG
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. ASICS Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Fila Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Under Armour, Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Lotto Sport Italia S.p.A
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. New Balance Athletics, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Vans, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Nike, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Puma SE
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Reebok International Ltd.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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