DUBLIN, October 7, 2022 /PRNewswire/ — The Athletic Footwear Global Market Report 2022 has been added to from ResearchAndMarkets.com offer.
The global sports footwear market is expected to grow from $71.18 billion in 2021 for $76.72 billion in 2022 at a compound annual growth rate (CAGR) of 7.78%. The Sports Footwear Market is Expected to Grow to Reach $91.98 billion in 2026 at a compound annual growth rate (CAGR) of 4.64%.
North America was the largest region in the sports footwear market in 2021. Asia Pacific is expected to be the fastest growing region during the forecast period. Regions covered in the Sports Footwear market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Sports Footwear Market research report is one of a series of new reports that provides Sports Footwear market statistics, including the global Sports Footwear industry market size, regional shares, competitors holding Sports Footwear market share, detailed Sports Footwear market segments, market trends and opportunities. , and any other data you may need to thrive in the athletic footwear industry. This Sports Footwear Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.
The growing number of sports tournaments is expected to propel the growth of the sports shoes market. Sports tournaments refer to competitions in which large sections of players compete against each other in a specific format to determine the overall winner. Individuals increasingly participate in local or regional tournaments, to show their skills and represent themselves on the world stage for their country.
Sports professionals and amateurs registered in various sports tournaments are mandated to wear sports shoes in order to conduct a safe and competitive tournament. For example, in February 2020, the International Cricket Council (ICC), cricket’s governing body, estimated that T20 international cricket had seen a 14% growth in global attendance. There was a 110% increase in Associate Member Women’s T20 matches. Hence, the growing number of sports tournaments will drive the growth of the sports shoes market over the forecast period.
The use of recycled materials in the manufacture of footwear is a key trend that is gaining popularity in the sports footwear market. Companies operating in athletic footwear focus on using recycled materials in footwear to reduce carbon footprint and meet their organization’s specific sustainability goals.
For example, in April 2022, Decathlon SA, a French sporting goods company, has launched Traxium Compressor, a football boot made entirely from recycled thermoplastic derived from end-of-life sporting goods such as plastic balls, shoes and more . Moreover, in June 2021Adidas, a maker of apparel, footwear, apparel and accessories, has launched the Solarthon golf shoes, whose uppers are made from 50% recycled Parley Ocean plastic.
In March 2022Authentic Brands Group (ABG), an American brand management company, acquired Reebok from Adidas AG for $2.5 billion. After the acquisition, ABG is focused on creating the Reebok Design Group (RDG) in partnership with the SPARC Group, for design, development and innovation for footwear and apparel. Adidas SA is a Germanymanufacturer of footwear, clothing and accessories.
The countries covered in the Sports Footwear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South KoreaUK and UNITED STATES.
The major players in the sports shoes market are
Wolverine around the world
The Aldo Group
Main topics covered:
2. Characteristics of Sports Footwear Market
3. Sports Footwear Market Trends and Strategies
4. Impact of COVID-19 on sports shoes
5. Sports Footwear Market Size and Growth
5.1. Global Historical Sports Footwear Market, 2016-2021, USD Billion
5.1.1. Market Drivers
5.1.2. Market Constraints
5.2. Global Sports Footwear Market Forecast, 2021-2026F, 2031F, Billion USD
5.2.1. Market Drivers
5.2.2. Market Constraints
6. Sports Footwear Market Segmentation
6.1. Global sports shoes market, segmentation by product type, history and forecast, 2016-2021, 2021-2026F, 2031F, billions of dollars
6.2. Global Sports Footwear Market, Segmentation by End User, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
6.3. Global sports footwear market, segmentation by distribution channel, history and forecast, 2016-2021, 2021-2026F, 2031F, billions of dollars
7. Regional and Country Analysis of Sports Footwear Market
7.1. Global sports footwear market, split by region, historical and forecast, 2016-2021, 2021-2026F, 2031F, in USD billion
7.2. Global sports footwear market, split by country, historical and forecast, 2016-2021, 2021-2026F, 2031F, in USD billion
For more information about this report visit https://www.researchandmarkets.com/r/xsufkg
Research and Markets
For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900
US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716
View original content: https://www.prnewswire.com/news-releases/global-athletic-footwear-market-report-2022-a-91-98-billion-market-by-2026—long-term – forecast-until-2031–301643753.html
SOURCE Research and Markets