What is Training Footwear Market?
Training footwears are a category of footwear designed to provide protection for a variety of fitness activities. These footwears are suitable for weightlifting, a variety of fitness classes, some racquet sports and overall use at the health club. It provides cushioning as well as varying levels of stability devices to protect the feet and ankles. The factors such as Increased Disposable Income of the People and Rising Demand from the Online Platforms driving the global training footwear market.
The market study is being classified by Type (Sports Shoes, Gym Shoes, Running Shoes and Others) and major geographies with country level break-up.
Merrell (United States), Nike (United States), Puma SE (Germany), Mizuno Corporation (Japan), Vibram (Italy), Reebok (United Kingdom), ECCO (Denmark), Asics (Japan), Adidas (Germany) and New Balance (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Mammut Sports Group (Switzerland) and Under Armour (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Training Footwear market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Training Footwear market by Type, Application and Region.
On the basis of geography, the market of Training Footwear has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Disposable Income of the People
- Rising Demand from the Online Platforms
Market Trend
- Increased Awareness about Fitness among People
- Robust Increase in the Distribution Channels
Restraints
- Fluctuations in the Raw Material Prices
- Availability Low-Quality Products in the Cheaper Rates
Opportunities
- Growing Demand from End-users
- Growing E-Commerce Industry Worldwide
Challenges
- Slowdown of the World Economy
Market Leaders and some development strategies
In January 2021, CriticalPoint Capital, LLC has completed the merger of the recently acquired Shoes.com business with CPC's existing platform Running Specialty Group. It is operator of the JackRabbit, Olympia Sports and Clever Training footwear and athletic specialty retailers. This combination creates a market-leading, omni-channel specialty footwear platform with a wide range of branded footwear, apparel and athletic offerings catering to its devoted customer base while capitalizing on its distinct eCommerce sites and physical footprint of approximately 130 retail stores across the United States.
Key Target Audience
Training Footwear Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users