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Athletic Footwear Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 139
  • SKU: IRTNTR71356
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“The Athletic Footwear Market is poised to grow by USD 17.89 billion during 2022-2026, accelerating at a CAGR of 3.95% during the forecast period”

Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. Furthermore, this report extensively covers the athletic footwear market segmentation by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and the Middle East and Africa).  The market report also offers information on several market vendors, including adidas AG, Admiral Sportswear Ltd., ASICS Corp., BasicNet Spa, Bata Brands Sarl, British Knights Int., Brooks Sports Inc., Diadora Spa, Fila Holdings Corp, K Swiss, Lotto Sport Italia Spa, Mirza International Ltd, Mizuno Corp, New Balance Athletics Inc, Nike Inc, PUMA SE, Skechers USA Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc. among others.

What will the Athletic Footwear Market Size be During the Forecast Period?

Athletic Footwear Market Size

Download Report Sample to Unlock the Athletic Footwear Market Size for the Forecast Period and Other Important Statistics

Parent Market Analysis

Our Technavio Research categorizes the report belonging to Consumer Durables and Apparel Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.

Athletic Footwear Market: Key Drivers, Trends, and Challenges

Technavio Research categorizes the global Athletic Footwear Market belonging to the Textile, Apparel and Luxury Goods Industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.

Key Athletic Footwear Market Driver

  • The rise in the number of athletic sports meets and tournaments is one of the key drivers fueling the athletic footwear market growth. 
  • With the rising popularity of various sports meets and tournaments, such as the World Baseball Softball Confederation (WBSC) Premier, and others, there has been an increase in the number of registered players in these tournaments. This increase in the number of tournaments is creating a bigger addressable athletic footwear market for global vendors by attracting the interest of more participants in these sports. Therefore, with a rise in the number of athletic tournaments worldwide, the demand for athletic footwear is expected to increase during the forecast period.

Key Athletic Footwear Market Trend

  • The increasing availability of customized athletic footwear is one of the key athletic footwear market trends propelling the market growth. The evolution of footwear has made it necessary for vendors to focus on strategies such as faster delivery processes, mass customization, and personalization.
  • The availability of custom-made athletic footwear helps consumers to wear products that suit their specific requirements. Wearing customized footwear provides additional comfort by improving the functioning of the feet, ankles, calf muscles, and legs. Custom-made footwear is beneficial for individuals with painful medical conditions or those who experience difficulty in finding suitable athletic footwear. Such factors will propel the market growth during the forecast period.

Key Athletic Footwear Market Challenge

  • Fluctuations in the prices of raw materials are one of the factors limiting the athletic footwear market growth. There has been an increase in the number of local players operating in the athletic footwear market over the last few years.
  • The emergence of local players has led to price wars among competitors, subsequently forcing global athletic footwear manufacturers to reduce the prices of their products and opt for penetration pricing of their products. Also, manufacturers are unable to anticipate their investments or control costs because of raw material price fluctuations.
  • Cost-driven end-users prefer low-cost athletic footwear instead of investing in costly global brands. This reduces the sales of athletic footwear during the forecast period.

Who are the Major Athletic Footwear Market Vendors?

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as

 

  • adidas AG
  • Admiral Sportswear Ltd.
  • ASICS Corp.
  • BasicNet Spa
  • Bata Brands Sarl
  • British Knights Int.
  • Brooks Sports Inc.
  • Diadora Spa
  • Fila Holdings Corp
  • K Swiss
  • Lotto Sport Italia Spa
  • Mirza International Ltd
  • Mizuno Corp
  • New Balance Athletics Inc
  • Nike Inc
  • PUMA SE
  • Skechers USA Inc.
  • Under Armour Inc.
  • VF Corp.
  • Wolverine World Wide Inc.

 

Market Overview

The parent, global footwear market covers products and companies engaged in the production of athletic and non-athletic footwear for various age groups and gender.  Technavio calculates the global textile, apparel, and luxury goods market size based on the combined revenue generated by the manufacturers of apparel, accessories, and luxury goods, footwear, and textiles.  

Athletic Footwear Market Value Chain Analysis

In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.

Which are the Key Regions for Athletic Footwear Market?

Athletic Footwear Market Share by Geography

47% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the athletic footwear market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Increasing demand for sport-inspired and sport-specific footwear is one of the major factors driving the growth of the regional market. This demand is more prominent in countries such as China and India. Furthermore, a rise in the number of international sports events in the region has become one of the major catalysts that have resulted in increased awareness about the various benefits offered by sports and fitness activities among consumers. This is expected to drive the demand for athletic footwear in the region during the forecast period. Additionally, increasing enthusiasm for participating in various sports events, including the Asian Games, the ICC Cricket World Cup, and the ACC Asia Cup, is further supplementing the growth of the market in the region.

What are the Revenue-generating Distribution Channel Segments in the Athletic Footwear Market?

Athletic Footwear Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The athletic footwear market share growth in the offline segment will be significant during the forecast period. A rise in the number of specialty stores in the global footwear market drives the sale of athletic footwear. Road Runner Sports Inc., The Athletic Shoe Shop, and DICK's Sporting Goods are among the popular specialty stores in the global athletic footwear market. These stores offer a wide range of local and branded athletic footwear. Consumers prefer buying athletic footwear from hypermarkets, supermarkets, and departmental stores, as they can choose from a wide portfolio of products, closely evaluate the products, and get the required support and information from customer service personnel. These stores, with a wide variety of products at affordable or discounted prices, attract consumers and are convenient for individuals who prefer shopping at brick-and-mortar stores.

The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key opportunities in each region over the coming years.

Athletic Footwear Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.95%

Market growth 2022-2026

$ 17.89 billion

Market structure

Fragmented

YoY growth (%)

3.3

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

adidas AG, Admiral Sportswear Ltd., ASICS Corp., BasicNet Spa, Bata Brands Sarl, British Knights Int., Brooks Sports Inc., Diadora Spa, Fila Holdings Corp, K Swiss, Lotto Sport Italia Spa, Mirza International Ltd, Mizuno Corp, New Balance Athletics Inc, Nike Inc, PUMA SE, Skechers USA Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for 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.

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What are the Key Data Covered in this Athletic Footwear Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive the growth during the next five years
  • Precise estimation of the size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of athletic footwear market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Distribution Channel

    • 5.1 Market segments
      • Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
    • 5.2 Comparison by Distribution Channel
      • Exhibit 26: Chart on Comparison by Distribution Channel
      • Exhibit 27: Data Table on Comparison by Distribution Channel
    • 5.3 Offline - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)
    • 5.4 Online - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Distribution Channel
      • Exhibit 36: Market opportunity by Distribution Channel ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 adidas AG
              • Exhibit 89: adidas AG - Overview
              • Exhibit 90: adidas AG - Business segments
              • Exhibit 91: adidas AG - Key news
              • Exhibit 92: adidas AG - Key offerings
              • Exhibit 93: adidas AG - Segment focus
            • 10.4 ASICS Corp.
              • Exhibit 94: ASICS Corp. - Overview
              • Exhibit 95: ASICS Corp. - Business segments
              • Exhibit 96: ASICS Corp. - Key news
              • Exhibit 97: ASICS Corp. - Key offerings
              • Exhibit 98: ASICS Corp. - Segment focus
            • 10.5 BasicNet Spa
              • Exhibit 99: BasicNet Spa - Overview
              • Exhibit 100: BasicNet Spa - Key offerings
            • 10.6 New Balance Athletics Inc
              • Exhibit 101: New Balance Athletics Inc - Overview
              • Exhibit 102: New Balance Athletics Inc - Product / Service
              • Exhibit 103: New Balance Athletics Inc - Key offerings
            • 10.7 Nike Inc
              • Exhibit 104: Nike Inc - Overview
              • Exhibit 105: Nike Inc - Business segments
              • Exhibit 106: Nike Inc - Key news
              • Exhibit 107: Nike Inc - Key offerings
              • Exhibit 108: Nike Inc - Segment focus
            • 10.8 PUMA SE
              • Exhibit 109: PUMA SE - Overview
              • Exhibit 110: PUMA SE - Business segments
              • Exhibit 111: PUMA SE - Key news
              • Exhibit 112: PUMA SE - Key offerings
              • Exhibit 113: PUMA SE - Segment focus
            • 10.9 Skechers USA Inc.
              • Exhibit 114: Skechers USA Inc. - Overview
              • Exhibit 115: Skechers USA Inc. - Business segments
              • Exhibit 116: Skechers USA Inc. - Key news
              • Exhibit 117: Skechers USA Inc. - Key offerings
              • Exhibit 118: Skechers USA Inc. - Segment focus
            • 10.10 Under Armour Inc.
              • Exhibit 119: Under Armour Inc. - Overview
              • Exhibit 120: Under Armour Inc. - Business segments
              • Exhibit 121: Under Armour Inc. - Key offerings
              • Exhibit 122: Under Armour Inc. - Segment focus
            • 10.11 VF Corp.
              • Exhibit 123: VF Corp. - Overview
              • Exhibit 124: VF Corp. - Business segments
              • Exhibit 125: VF Corp. - Key news
              • Exhibit 126: VF Corp. - Key offerings
              • Exhibit 127: VF Corp. - Segment focus
            • 10.12 Wolverine World Wide Inc.
              • Exhibit 128: Wolverine World Wide Inc. - Overview
              • Exhibit 129: Wolverine World Wide Inc. - Business segments
              • Exhibit 130: Wolverine World Wide Inc. - Key offerings
              • Exhibit 131: Wolverine World Wide Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Athletic Footwear market growth will increase by $4.38 billion during 2020-2025.
              The athletic footwear market is expected to grow at a CAGR of 1.07% during 2020-2025.
              Technavio has segmented the athletic footwear market by distribution channel (Offline and Online) and geographic (APAC, North America, Europe, South America, and MEA).
              adidas AG, Admiral Sportswear Ltd., ASICS Corp., Brooks Sports Inc., Fila Holdings Corp., Mizuno Corp., Under Armour Inc., VF Corp., Wolverine World Wide Inc., Woodland Worldwide are a few of the key vendors in the athletic footwear market.
              APAC will register the highest growth rate of 43.15% among the other regions. Therefore, the athletic footwear market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the athletic footwear market growth are:
              • Rise in number of athletic tournaments
              The athletic footwear market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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