Evolution of athletic shoes technology has led to a significant transformation in the design, and functions of the sports footwear. Besides providing protection to the users during the athletic, fitness and sports activities, the sports footwear is equipped with enhanced technological features that boost the performance of the end users.
As demand for smart sports shoes continue to increase among the athletes, fitness professionals, and sportsmen, manufacturers in the sports industry are mainly focusing on integrating enhanced technology into sports footwear for boosting performance. Running, basketball, gym, soccer, golf, and ice-hockey are a few sports, and fitness activities continue to inspire the youth population for participating in the sports and fitness activities, thereby driving sports footwear sales. Bound to these factors, the future growth of the sports footwear market is expected will be significant.
According to a recently compiled report, the global sports footwear market is expected to represent a value of over US$ 115,000 Mn by the end of 2022.
Key Growth Factors for Sports Footwear Market
Equipped with aerodynamic technology, the sports footwear allows the sportsmen and athletes to boost their performance. Integrated with advanced technology, the sports footwear allows the athletes to jump higher, run faster, and boost strength. The smart sports footwear are also equipped with cushions that are meant to provide comfort to the sportsmen and athletes.
Attributed to these trends, and activity specific sports footwear market players are designing, and embedding activity specific technologies in the sports footwear. Surge in demand for tracking the fitness regime, and the heart rate has led several sports footwear market participants to integrate technologies including fitness trackers, and heart rate monitors in the sports footwear.
Besides the sports and fitness industry, several diabetic patients are suggested to wear sports footwear that are equipped with fitness tracking features. Through the fitness tracking accessories, the diabetic patients can conveniently track the heart rate, and blood and sugar level while performing routine activities. Considerable demand among the diabetic patients is expected to contribute towards growth of the sports footwear market positively.
In order to keep a track of the fitness regime, and monitor the heart rate, the end users including sportsmen and fitness professionals are required to wear the smart sports footwear.
However, as communication with the wearable technologies generate harmful radiation, the health of the smart sports footwear users can be effected negatively. This will remain a key growth impediment for the sports footwear market.
Know More Details About the Report
Modern Trade to Remain Leading Sales Channel for Sports Footwear
With increasing demand to remain fit, sales for the gym shoes will continue to rev up in sports footwear market. The training & gym products as compares to other sports footwear is expected to witness the highest revenue growth, representing a value of over US$ 6,000 Mn by the end of 2022. However, running sports footwear is expected to register the highest CAGR in the sports footwear market throughout 2022.
The men segment in sports footwear market is expected to generate significant revenues, recording a value of over US$ 9,000 Mn by the end of 2017. However, the unisex segment is expected to register a robust CAGR in the sports footwear market throughout 2022.
Sales of sports footwear through the modern trade sales channel is expected to remain high, accounting for a value of over US$ 7,000 Mn by the end of 2022. However, the third party online channel is expected to register the highest CAGR as compared to other sales channel in sports footwear market.
Leading players operating in the sports footwear market include
- Nike Inc
- Adidas AG
- Under Armour
- Puma SE
- Skechers USA
- New Balance
- Fila Korea
Avail customized purchase options for your needs
Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report).
The global sports footwear market is expected to register moderate growth attributed to increasing demand in the sports and fitness industry. Demand for the smart sports shoes is further expected to rev up among the diabetic patients. However, adverse effects of the radiation generated through the wearable technologies is likely to inhibit growth of the global market. The report, compiled by Fact.MR, provides in-depth analysis of the global sports footwear market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global sports footwear market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Sports footwear manufacturers, stakeholders, and suppliers in the global sporting goods & accessories industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.
The report commences with a brief information of the global sports footwear market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global sports footwear market.
The next section offers an overview of the sports footwear market. This comprises an introduction to the market, along with a standard definition of the product – sports footwear. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global sports footwear market, the report provides updates about market opportunities, which can benefit leading manufacturers of sports footwear. With continuous evolution of the sporting goods & accessories industry, keeping a record of latest developments and trends is fundamental for sports footwear manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global sports footwear market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The global sports footwear market has been categorized on the basis of product type, end use, sales channel, and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global sports footwear market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global sports footwear market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.