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It is expected to expand at a CAGR of slightly over 5. Youngsters are getting keen on adopting a healthy lifestyle and are hence participating actively in sports and other related activities. At the same time, people have started realizing that sports and fitness activities can help ensure good health and reduce the risk of chronic disorders such as depression, cardiovascular diseases, and diabetes.
People are also increasingly realizing the importance of using appropriate type of shoes for sports activities in order to prevent muscle injuries, leg injuries, knee pain, hip pain, and back pain.
As a result, the demand for athletic shoes is expected to register a sharp rise over the coming years. Prominent players in the market, such as Nike, Inc. The technology helps provide maximum flexibility and adequate support along the ankle to ensure free foot movement.
The sports shoes segment has been further reviewed on the basis of prominent sports in each of the regions. For instance, the sports shoe market in the U.
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Running shoes include shoes required for training, advanced running, road running, trail running, track running, and racing. The running shoe segment dominated the market inwhich can be attributed to daily usage of running shoes and availability of these shoes in a wide range of prices ranging from affordable athletic shoes to highly luxurious athletic shoes.
The trekking and hiking shoe segment is anticipated to exhibit healthy growth during the forecast period owing to technological advancements that have ensured more comfort and flexibility for the hikers.
The segment will continue to dominate the athletic footwear market until In most of the developed countries, the proportion of women athletes representing their respective nations at major sporting events is significant as compared to developing and underdeveloped countries.
In addition, overall level of awareness about fitness among women is considerably high in advanced countries as compared to developing countries. E-commerce accounted for over This share of e-commerce was larger than any other country in the world.
E-commerce portals are extensively used in developed countries such as the U. Promising growth exhibited by e-commerce platforms in emerging countries, including India and China, is compelling manufacturers to reorient their distribution strategies for these countries.
Regional Insights North America dominated the market with a revenue share of approximately The region is projected to continue to lead the market over the forecast period. InAsia Pacific accounted for the highest shipments at around million units and is anticipated to continue its dominance from to This can be primarily attributed to a wide base of population and lower average selling price of athletic footwear in the region as compared to developed economies, such as the U.
APAC is expected to witness the highest growth rate over the forecast period followed by Latin America. Rising levels of disposable income and growing penetration of e-commerce are estimated to play a major role in driving the demand for athletic footwear in Asia Pacific.
All these companies are engaged in researching and developing new products in order to keep pace with consumer requirements and penetrate in the market.
The shoe was developed in collaboration with Mita Sneakers, a retailer based in Tokyo, Japan. The shoes were developed in collaboration with 3D Systems.Athletic Footwear Market Size, Share, & Trends Analysis Report By Category (Running Shoes, Sports Shoes, Aerobic Shoes, Walking Shoes, Trekking Shoes), By Gender, By Retail Channel, And Segment Forecasts, - The athletic footwear market incorporates sportswear, trekking shoes, aerobics shoes, walking shoes, and running shoes.
Increased awareness regarding healthy lifestyle that motivates people to engage into some kind of sports activity will . Research and Markets: Analyzing the Footwear Industry in US - Featuring Adidas, Nike and the Timberland Company.
athletic footwear market key benefits This report provides an extensive market scenario, covering the current trends and revenue figures that are forecast from Market intelligence for key development strategies adopted by top companies are explained through comprehensive impact analysis.
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