Industry Background:
The gym shoe market has shown a significant growth rate over the past decade on account of the growing popularity of fitness centers among millennials. Additionally, the rise in demand may be attributed to factors such as changing lifestyle standards fueled by a rise in disposable income and growing demand for trendy yet comfortable gym shoes. Moreover, increasing demand from the developing economies expected to fuel market growth during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | NIKE (United States), Adidas AG (Germany), PUMA (Germany), Skechers (United States), Reebok (United Kingdom), Campus (India), Under Armour, Inc. (United States), New Balance Athletics, Inc. (United States), Umbro (United Kingdom) and Wolverine Worldwide (United States) |
According to AMA, the market for Gym Shoes is expected to register a CAGR of 4.5% during the forecast period to 2030. This growth is primarily driven by Increasing Number of Fitness Club and Gym and Changing Lifestyle Standard Fueled by Rise in Disposable Income.
Globally, a noticeable market trend is evident Rising Demand for Trendy Yet Comfortable Gym Shoes
Major Vendors, such as NIKE (United States), Adidas AG (Germany), PUMA (Germany), Skechers (United States), Reebok (United Kingdom), Campus (India), Under Armour, Inc. (United States), New Balance Athletics, Inc. (United States), Umbro (United Kingdom) and Wolverine Worldwide (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Key Developments in the Market:
In April 2022, Reebok introduced its gym shoe named ‘Nano X2’, which is the best gym shoe for frequent gym goers. These shoes are having positive reviews and are considered the best gym shoes for all activities.
In August 2023, Mizuno launched running shoes that balance carbon impact. Touted as the most eco-friendly running shoes to date, the Wave Neo collection has the lowest environmental impact in Mizuno's history.
Influencing Trend:
Rising Demand for Trendy Yet Comfortable Gym Shoes and Development in Shoes Material
Market Growth Drivers:
Increasing Number of Fitness Club and Gym and Changing Lifestyle Standard Fueled by Rise in Disposable Income
Challenges:
Increasing Number of Local Manufacturers in the Market
Restraints:
Fluctuating Raw Material Prices
Opportunities:
Rising Online Distribution Channel for Gym Shoes and Growing Sports Culture and Fashion Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Gym Shoes Market
- Analysis about New Entrants in Gym Shoes Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Gym Shoes Study Sheds Light on
The Gym Shoes Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Gym Shoes industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Gym Shoes industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.