Press Release

Athletic Footwear Industry Hits USD 140 Billion Worth in 2024, Set to Reach USD 160 Billion by 2030

The Global Athletic Footwear Market size was valued at USD 141 Billion in 2024 and is projected to reach USD 159 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 2.43%, cites MarkNtel Advisors in the recent research report. Nowadays, youngsters are inclined towards physical fitness, and are including gym, exercises, sports, etc., in their daily routine, this eventually boosts the requirement for athletic footwear across the global scale. Along with this, individuals are recognizing the importance of physical activities such as squash, swimming, cycling, running, basketball, etc., which endorse health benefits and cure diseases like cardiovascular diseases, diabetes, obesity, depression, etc.

Similarly, the rising numbers of fitness centers and gyms, promoting popular ambassadors for generating more fitness-conscious consumers led to proliferation of the fitness footwear. Hence creating a new hype in athletic footwear. Furthermore, the emerging online platforms, due to the rising e-commerce sector, also uplift the market’s growth graph, as most of the brands launched exclusive websites for selling their product, eliminating the middleman and making the shoes affordable and available at the best price. Thus, this led to growing online customers for athletic shoes.

Moreover, athletic footwear is offered in a variety of raw materials such as leather, foam, plastic, and advanced chemical additives. This makes them favorable to be worn in all conditions, such as climbing, swimming, running, and other outdoor activities, etc.  However, the rising demand for different varieties of footwear also endorses environmental concerns, such as soil pollution. The shoes are made up of plastics, foams, rubbers, etc., which are considered non-biodegradable and after usage become a waste, polluting the environment. However, most of the companies are focusing on environmentally friendly ingredients and approaches in footwear production, which results in unused footwear decomposing itself in the soil and hence reducing environmental pollution.

Likewise, most of the brands are promoting artistic and innovative type advanced athletic shoes, which is somehow appreciated by various customers. Also, many of the brands offer the chance to get the shoes customized, which is also one of the reasons for the rapid growth of the market in terms of size during the forthcoming years, further states the research report, “Global Athletic Footwear Market Analysis, 2025.”

Global Athletic Footwear Market Segmentation Analysis

Men’s Segments to Project a Higher Potential Market Share

Based on the end-user segment, the market is further bifurcated into, Men, Women, and Children. Among all, the Men segment held the dominating market share. The inclination of men towards physical activities in terms of historical aspects is more rather than other users. Men are more engaged in physical activities such as running, tennis, basketball, and several other athletics, sports, and fitness activities. This, in turn, showcases that men are the key contributors to the Athletic Footwear Market size.

Furthermore, with the dynamic market structure and changing times, women are also becoming more fitness enthusiasts, which led to a flourishing demand for athletic shoes. This is the reason why, now manufacturers are focusing on launching varied designs for women.

North America Followed by Asia-Pacific to Uplift Largest Market Share Globally

North America accounted for the potential share of the Athletic Footwear Market globally. This is attributed to the presence of well-maintained manufacturers such as Nike, Reebok, Under Armour, etc., especially in the US and Canada. The changing consumer preference towards fashion trends and growing adoption of innovative and high-performance athletic footwear slope the graph upward in terms of growth opportunities.

Furthermore, the Asia-Pacific region anticipates the future growth. The major reason behind this lucrative growth is the emerging e-commerce and increasing disposable income. Also, the rising interest in sports activities led to a boost in the demand for athletic footwear Globally.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Adidas AG, Nike Inc, PUMA SE, ASICS Corporation, Fila Inc, Under Armour Inc, Li-Ning Company Limited, Skechers USA, Inc, Reebok International Ltd., New Balance Athletics, Inc., Brooks Sports, Inc, VF corporation, US Polo Association, Xtep International Holdings Ltd, 361 Degrees International Ltd, Qiaodan Sports Co Ltd, and Others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Global Athletic Footwear Market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & Product adoption?
5. How has the competition been shaping across various countries?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?