Global Athletic Footwear Market to be driven by Increasing Interest of Youth in Sports, Set to Rise to US$84.4 bn by 2018 – Transparency Market Research

Albany – NY, Oct. 20, 2015 (GLOBE NEWSWIRE) — The global market for athletic footwear is majorly classified into the footwear markets for men, women, and children on the basis of consumers. The men’s footwear market has the lead over other segments with a market share of 62.0%, states the report.The women’s footwear market holds 29.0% of the global athletic footwear market, hence is the second-largest segment. As per the report, this market segment is expected to expand at a CAGR of 1.30% over the forecast period. The kid’s footwear market is also anticipated to expand at a CAGR of 1.30% during the same period.

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On the basis of product, the research report classifies the global athletic footwear market into the markets for insert, hiking shoes, sports, and backpacking boots. The shoe inserts market holds the leading position with 36% of the overall market. Analysts estimates the market to rise at a CAGR of 1.70% over the forecast period, notes the study.According to the research study, the global athletic footwear market is distributed among North America, Europe, Asia Pacific, and the Rest of Asia Pacific. The athletic footwear market in Asia Pacific has occupied the leading position in the global market on account of the large population base of this region. Analysts expect that this regional market will acquire 41.60% of the overall industry by the end of the forecast period.

The athletic footwear market in Europe is anticipated to closely follow the Asia Pacific market and is expected to hold the second position in the market over the forecast period, states the research study. Analysts at TMR have also predicted that the athletic footwear market in North America will report a sluggish growth during the forecast period owing to high cost of raw materials and labor as well as extreme competition in the market.

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The global market for athletic footwear is highly concentrated, wherein the major five brands, including Reebok, Nike, Puma, Adidas, and Asics has acquired almost 80% of the overall market, cites the research report. Other prominent players of this global market mentioned in this report are Sketchers, Converse, New Balance, K-Swiss, Vans, and Saucony.

The global athletic footwear market is segmented into:

By Products

Insert

Aerobics Shoes

Atheleisure Footwear

Running Shoes

Walking Shoes

Sports (Cross Training)

Baseball Footwear

Basketball Footwear

Soccer Shoes

Tennis Shoes

Cricket Footwear

Other Sports Shoes

Hiking Shoes

Other Athletics Footwear

Outdoor / Rugged Footwear

Trekking and Walking Boots

Seasonal Boots

Specialty Boots

Mountaineering Boots

Backpacking Boots

Approach Shoes

Hiking Boots

Technical Shoes

By Consumer Group

Kids

Women

Men

By Retail Distribution

  • Store Based
  • Shoe Stores
  • Discount Shoe Stores
  • Sports and Athletic Goods Stores
  • Mass Discounters
  • Department Stores and Chains
  • Specialty Apparel Stores
  • Off Pricers
  • Non Store Based
  • Catalog
  • Teleshopping
  • Internet

By Region

North America

Europe

Asia-Pacific

Rest of the World (RoW)

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