Recently published Fact.MR intelligence on the global athletic footwear market forecasts a steady growth outlook, expecting an increase of 4.5% in value CAGR terms. As per the report, the market will be valued at over US$ 124 Bn by the end of the 2021-2031 assessment period. As of 2021, the market is positioned to reach US$ 79.52 Bn.
Historical projections reflect an identical growth trail, with a recorded CAGR of around 4% from 2016-2020 and reaching US$ 76.19 Bn in value terms. Demand underwent a dual transformation amid the COVID-19 pandemic, initially contracting sharply amid restrictions on outdoor sporting events, eventually regaining momentum as fitness enthusiasts began investing their time in sports activities across residential settings.
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Key Segments Covered
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Product Type
- Running Athletic Shoes
- Athleisure Shoes
- Gym/ Aerobics Athletic Shoes
- Backpacking Athletic Shoes
- Trekking Athletic Boots
- Rugged Athletic Boots
- Specialty Athletic Boots
- Mountaineering Athletic Boots
- Other Athletic Footwear
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Distribution Channel
- Athletic Footwear Sales via Hypermarkets/Supermarkets
- Athletic Footwear Sales via Departmental Stores
- Athletic Footwear Sales via Speciality Stores
- Athletic Footwear Sales via Online Retail
- Athletic Footwear Sales via Sport Stores
- Athletic Footwear Sales via Other Channels
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Price-based
- Economy Athletic Footwear
- Mid-range Athletic Footwear
- Premium Athletic Footwear
- Super-Premium Athletic Footwear
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Demographics
- Athletic Footwear for Men
- Athletic Footwear for Women
- Athletic Footwear for Kids