Published on: February 07, 2020
The sports footwear market is thriving, driven by a rising number of people adopting various sports disciplines such as football, baseball, hockey, and cricket. Technologically advanced sports shoes with features like flexibility, stability, motion control, and traction are in demand to enhance performance and prevent sports-related injuries. The sports footwear market is experiencing substantial growth, with forecasts indicating continued expansion due to the increasing participation in sports and fitness activities worldwide.
Trends in the sports footwear market include the adoption of eco-friendly materials for sustainable shoes, customization options for consumers seeking personalized fit and performance characteristics, and innovations in functionality such as waterproof quality, moisture management, and temperature control.
Key drivers of the sports footwear market include rising sports participation, especially among kids, teenagers, and young populations, driven by a growing health consciousness and awareness of the benefits of fitness. The expansion of sports infrastructure and fitness clubs, particularly in urban regions and emerging countries, also contributes to market growth.
Challenges facing the sports footwear market include competition from low-cost local products, especially in emerging markets, and the need to differentiate branded footwear from generic options. Market players also face constraints in terms of market segmentation analysis and gender-specific product offerings.
Opportunities in the sports footwear market include the development of innovative footwear solutions catering to specific sports disciplines and user preferences, as well as expanding distribution channels through partnerships with retailers, hypermarkets, and supermarkets.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market. Several vendors in countries such as China and India sponsor sports events and competitions to increase brand visibility. The growing participation of women in sports, fitness, and other athletic events is expected to significantly contribute to the growth of the athletic footwear market in APAC during the forecast period.
Technavio's sports footwear industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our sports footwear market reports include:
In order to provide you with a comprehensive view of the sports footwear industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
Develop a deeper understanding of the sports footwear market with Technavio’s comprehensive market research reports. We provide the latest information on key industry dynamics, including global and regional market forecasts, internal and external pressure points, the vendor landscape, and more.
Our in-depth knowledge of the sports footwear market is built on decades of experience and a global network of industry experts. We know the importance of having a strong foundation on which to base important decisions, and with over 500 analysts located around the world, we deliver actionable insights for every segment of the market.
Technavio’s market research reports provide an analysis of current trends and how they are affecting the market. We also identify market drivers and challenges to help you discover opportunities and avoid pitfalls.
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We provide detailed profiles on the biggest competitors in the market, including data such as business divisions, product offerings, and news. Our reports also include an overview of the competitive landscape as a whole, including the risks and opportunities that it presents.
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