Sports Footwear Market by Product, End-user, Distribution Channel, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR44891
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The sports footwear market has the potential to grow by USD 8.36 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 1.95%.

This sports footwear market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (athleisure sports footwear, running sports footwear, court game sports footwear, cleats sports footwear, and others), end-user (professional users and recreational users), distribution channel (offline and online), application (outdoor sports footwear, sports-inspired footwear, and performance sports footwear), and geography (APAC, Europe, North America, South America, and MEA). The report also offers information on several market vendors, including adidas AG, Amer Sports Corp., and ASICS Corp., among others.

What will the Sports Footwear Market Size be in 2021?

Sports-Footwear-Market-Market-Size-2020-2025

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Sports Footwear Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. However, the rise in the number of sports tournaments is notably driving the sports footwear market growth. On the other hand, factors such as the volatile cost of raw materials may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the sports footwear market industry get your FREE report sample now.

  • The sports industry is witnessing a rise in the number of sports tournaments owing to the growing spectator interest, which is driving the demand for sports gear and equipment. 
  • Sports such as cricket, hockey, golf, ball sports, and baseball are witnessing a high number of participation by people. 
  • The rising number of participation in various sports is increasing the demand for sports footwear, which will drive sports footwear market growth in the coming years.
  • The use of environment-friendly materials to manufacture sports gear and equipment is one of the key sports footwear market trends. 
  • With a greater emphasis on the preservation of the environment, there is a growing demand for sustainable sports footwear among customers.
  • Key competitors are also catering to consumers' demand by increasingly focusing on manufacturing sustainable and eco-friendly sportswear. 

This sports footwear market analysis report also provides detailed information on upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Sports Footwear Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • adidas AG
  • Amer Sports Corp.
  • ASICS Corp.
  • Columbia Sportswear Co.
  • New Balance Athletics Inc.
  • Nike Inc.
  • PUMA SE
  • The Gap Inc.
  • Under Armour Inc.
  • Wolverine World Wide Inc.

 

The sports footwear market is fragmented and the vendors are deploying growth strategies such as M&A to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the sports footwear market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Sports Footwear Market?

Sports-Footwear-Market-Market-Share-by-Region-2020-2025

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52% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for sports footwear in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increased spending on fitness activities due to the improving lifestyles and rising disposable incomes of the people will facilitate the sports footwear market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Sports Footwear Market?

Sports-Footwear-Market-Market-Share-by-Product-2020-2025

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Athleisure sports footwear refers to footwear used for both leisure and athletics. Casual sports footwear such as sneakers is the most popular variant of athleisure footwear. With the growing youth culture and popularity of sporty looks for most of the occasions, athleisure sports footwear is expected to witness significant demand during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the sports footwear market size.

 

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What are the Key Factors Covered in this Sports Footwear Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive sports footwear market growth during the next five years
  • Precise estimation of the sports footwear market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sports footwear industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sports footwear market vendors

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Sports Footwear Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2%

Market growth 2021-2025

$ 8.36 billion

Market structure

Fragmented

YoY growth (%)

1.30

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 52%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

adidas AG, Amer Sports Corp., ASICS Corp., Columbia Sportswear Co., New Balance Athletics Inc., Nike Inc., PUMA SE, The Gap Inc., Under Armour Inc., 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 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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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Athleisure sports footwear - Market size and forecast 2020-2025
  • Running sports footwear - Market size and forecast 2020-2025
  • Court game sports footwear - Market size and forecast 2020-2025
  • Cleats sports footwear - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Outdoor sports footwear - Market size and forecast 2020-2025
  • Sports-inspired footwear - Market size and forecast 2020-2025
  • Performance sports footwear - Market size and forecast 2020-2025
  • Market opportunity by Application

Market Segmentation by End-user

  • Market segments
  • Comparison by End user
  • Professional users - Market size and forecast 2020-2025
  • Recreational users - Market size and forecast 2020-2025
  • Market opportunity by End user

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Offline - Market size and forecast 2020-2025
  • Online - Market size and forecast 2020-2025
  • Market opportunity by Distribution channel

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Overview
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • adidas AG
  • Amer Sports Corp.
  • ASICS Corp.
  • Columbia Sportswear Co.
  • New Balance Athletics Inc.
  • Nike Inc.
  • PUMA SE
  • The Gap Inc.
  • Under Armour Inc.
  • Wolverine World Wide Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • 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
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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
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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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The sports footwear market growth will increase by $-10.23 billion during 2019-2024.
The sports footwear market is expected to grow at a CAGR of -2.29% during 2019-2024.
Technavio has segmented the sports footwear market by product (Athleisure sports footwear, Running sports footwear, Court game sports footwear, Cleats sports footwear, and Others) ,end user (Professional users and Recreational users) , and distribution channel (Offline and Online).
adidas AG, Amer Sports Corp., ASICS Corp., Columbia Sportswear Co., New Balance Athletics Inc., Nike Inc., PUMA SE, The Gap Inc., Under Armour Inc., Wolverine World Wide Inc. are a few of the key vendors in the sports footwear market.
MEA will register the highest growth rate of 3.91% among the other regions. Therefore, the sports footwear market in MEA is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the sports footwear market growth are:
  • Increasing premiumization due to introduction of more innovative sports footwear
The sports footwear market vendors should focus on grabbing business opportunities from the athleisure sports footwear segment as it accounted for the largest market share in the base year.
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