Press Releases
 
Athletic Footwear Market revenue status and outlook with Forthcoming Trends 2018

Athletic footwear market accounted for US$ 37.8 Bn in 2017, expanding at a CAGR of 5.3% from 2018 to 2026

United States, 20 February 2019 -- Athletic footwear market accounted for US$ 37.8 Bn in 2017, expanding at a CAGR of 5.3% from 2018 to 2026

According to the latest report published by Credence Research, Inc. “Global Athletic Footwear Market - Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global Athletic footwear market accounted for US$ 37.8 Bn in 2017, expanding at a CAGR of 5.3% from 2018 to 2026.
Browse the full report Global Athletic Footwear Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/athletic-footwear-market
Market Insights
The global athletic footwear accounted for US$ 37.8 Bn in 2017 growing with a CAGR of 5.3% during the forecast period from 2018 to 2026. Footwear refers to the garments that are worn on feet which basically serves as a purpose of protection from dampness, cold, roughness, dust and heat of ground while walking, standing and running. Athletic footwear includes shoes used in exercises, sports, aerobics, hiking and walking. Currently, the trend has also shifted to fashion and casual footwear by all age groups.
Technological advancement in athletic footwear industry enabled the companies to manufacture quality products with an objective to fulfill the growing requirement of consumers. Consumers are also willing to spend more on footwear owing to the adoption of high- quality raw material and using of various machines that aims to produce accurate and precise products keeping in mind the comfort of consumers. Companies are also focusing on adopting 3-D printing technology with an objective to produce quality shoes in less time. For example, in January 2018, Under Armour, Inc., based in the U.S, launched two connected running shoes namely Hovr Sonic and Hovr Phantom with tracking capabilities on stride length, distance, and others. These shoes are synced with connected handset with the help of Under Armour MapMyRun app. These are also equipped with accelerometer, bluetooth module and gyroscope inside the foam soles. In addition, active promotions by the various manufacturers followed by ease of availability of footwear products on online platforms is also fueling the demand for global athletic footwear market during the forecast period from 2018 to 2026.
The increasing demand for comfortable and fashionable footwear among all age groups followed by increasing participation in sports activities is one of the important factor driving the growth of this market. Increasing awareness regarding the health benefits followed by changing lifestyle of consumers is another factor expected to trigger the market growth. The global athletic footwear market is highly competitive with different players making huge investments in brand building and marketing channels. This in turn aims to establish brand value and presence in the global market with an objective to attract new consumers and expand consumer base. Presence of various small-scale manufacturers offers tough competition to the key players operating in the market. Rise in raw material prices followed by growing environmental concerns over synthetic rubber is expected to restrain the growth of this market during the forecast period. Availability of counterfeit products offered by local manufacturers is also expected to restrain the global athletic footwear market.
The global athletic footwear market has been segmented by product type, price, consumer group, distribution channel and geography. In 2017, running and walking shoes segment dominated the global athletic footwear market by product type both in terms of value and volume. Wide availability in different price ranges followed by daily use by mass population is expected to propel the growth of this segment. In terms of price-based segment, economy footwear is widely favored by all age groups. Men dominated the global athletic footwear market by consumer group in 2017 both in terms of value and volume. By distribution channel, online retail is expected to be the fastest growing segment owing to growing penetration of ecommerce in developing countries including India and China followed by ease and convenient mode of shopping. In terms of geography, Asia Pacific is the most significant market and held the largest market value and volume share in the global athletic footwear market. Growing awareness related to healthy lifestyles followed by increasing demand for sports footwear are primarily driving the athletic footwear market in this region.
Key players operating in the global athletic footwear market includes Adidas AG, Nike, Inc., Reebok International, Puma SE, Lotto Sport Italia S.p.A, ASICS Corporation, Under Armour Inc., Fila Inc., Skechers USA Inc. and New Balance Athletics, Inc. among others.
Request Sample: https://www.credenceresearch.com/sample-request/59325
Blog: http://www.newsamaze.com/mobile-food-vehicles-market-to-expand-at-a-cagr-of-4-9-between-2018-and-2026/
About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
Contact Information
105 N 1st ST #429, SAN JOSE,
CA 95103, United States

Toll Free US/ Canada +1-800-361-8290

# # #


Document Attached Image Attached Download file at: 95103
(Right click and save file to download.)

Submitted by Acute Market Reports, Acute Market Research on Wednesday, 20 February 2019 at 1:57 PM
Category: Business
 
Related News

Andre Porter Book to Film Tour
Tuesday, 26 Mar 2019

Safezone.Tips Stand The Best Place Online To Get Free SafeZone Pass To Start Exploring
Monday, 25 Mar 2019

New Silkroutes Group sells its energy unit for US$10 million
Monday, 25 Mar 2019

Rent a Wedding Dress That Fits From Esther Wedding Dress at the Best Cost
Monday, 25 Mar 2019

Wood Products: Top five Essentials
Monday, 25 Mar 2019

Related Events

Palo Alto Networks: CCISDA Spring Conference 2019
Sunday, 24 Mar 2019

Gulf Safety Forum 2019
Monday, 25 Mar 2019

Catering Equipment and Services Forum
Monday, 25 Mar 2019

CRU Phosphates 2019
Monday, 25 Mar 2019

INFOAG INTERNATIONAL
Monday, 25 Mar 2019

Latest News

Electronics at the nanoscale: challenges and opportunities for making metal nanowires
Tuesday, 26 Mar 2019

Hypoparathyroidism Treatment Market Market Report 2016 and Future Opportunity Assessment 2027
Tuesday, 26 Mar 2019

Antidiuretics Market Research Key Players, Industry Overview and Forecasts to 2024
Tuesday, 26 Mar 2019

Vascular Trauma Management Market Market Competitive Landscape Analysis with Forecast by 2025
Tuesday, 26 Mar 2019

Diabetic Retinopathy Market Overview and Regional Outlook Study 2017 - 2025
Tuesday, 26 Mar 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Tuesday, 26 March 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Palo Alto Networks: CCISDA Spring Conference 2019
  • Diagnostic Imaging Update on Kauai
  • Gulf Safety Forum 2019
  • 2nd Pharmacovigilance Audit and Inspection Conference
  • 8th Drug Formulation and Bioavailability

  • Latest Jobs
    Sorry, there are currently no entries posted here.