What is Sports Footwear Market?
Sports footwear is footwear designed for sporting activities such as running, basketball, tennis, football etc. This footwear is primarily designed for sports or other forms of physical exercise but now is widely used for everyday wear. It intended to protect and comfort the human foot while the wearer is doing various activities. It is also used as an item of decoration and fashion. Sports footwear are made from a combination of materials. Its sole has three layers insole, midsole and outsole.
The market study is being classified by Type (Ball Sports Footwear, Running Sports Footwear, Outdoor Sports Footwear and Others), by Application (Kids, Men and Women) and major geographies with country level break-up.
Adidas AG (Germany), ASICS Corporation (Japan), Fila Inc. (South Korea), Under Armour, Inc. (United States), Lotto Sport Italia S.p.A. (Italy), New Balance Athletics, Inc. (United States), Vans (United States), Nike, Inc. (United States), Puma SE (Germany) and Reebok International (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Saucony (United States) and Skechers USA, Inc. (United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Sports Footwear market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sports Footwear market by Type, Application and Region.
On the basis of geography, the market of Sports 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
- Increasing Participation of Young Population in Sports and Fitness Activities
- Raising Awareness about Healthy Lifestyle
- Rise in Disposable Income of the People
Market Trend
- Demand for Innovative and Affordable Products
Restraints
- Sensitive to Seasonal Changes
Opportunities
- Growing E-Commerce Industry Worldwide
- Increasing Popularity of Sport Events
Challenges
- Strong Competition from Local Manufacturers
Key Target Audience
Sports Footwear Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user