Athletic
Footwear Market - Global Industry Size, Market Share, Trends,
Analysis and Forecast, 2012 - 2018 a report by
Transparency Market Research draws valuable insights about the global
Athletic Footwear Market and provides in-depth analysis of the
factors that could lead further growth and losses in the industry
along with a forecast for the market.
According to the
report, the global athletic footwear market, which had market value
worth USD 74.7 billion in 2011, could grow at a CAGR of 1.8% during
the forecast period of the report which is from 2011 to 2018. It will
reach market value worth USD 84.4 billion by 2018.
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Research Report of Athletic Footwear Market :
Currently, sales in
the Asia Pacific region earn this market its major chunk of revenues.
This region with world’s largest share of population is expected to
amass nearly 41.6% market shares of the industry by 2018 and would be
closely followed by Europe. The market in North America, on the other
hand is expected to observe growth at a relatively slower pace owing
to reasons such as high material and labor cost and strong
competition.
Some of the major
reasons driving growth of this industry are growing world population,
rise in disposable income in major economies, rising awareness about
healthy lifestyle, and the corresponding rise in demand for
comfortable and innovative footwear.
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Report :
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Consumer-wise, the
market is divided into segments such as men, women, and kids. Amongst
these the men’s footwear section is the lead revenue generator and
is estimated to have nearly 62% share of the overall market. This is
followed by the women’s footwear section with nearly 29% market
share. This section (women’s footwear) is estimated to grow at a
CAGR of 1.3% from 2011 to 2018 states the report. The section of
kid’s footwear is expected to observe the fastest growth rate, a
CAGR of nearly 1.3% during the forecast period.
Product-wise, the
segment of shoe inserts is currently holds the major chunk of the
market share, an estimated 36% and is likely to observe growth at a
CAGR of 1.7% during the forecast period. The sports footwear segment
currently holds nearly 355 shares of the market and is expected to
experience the fastest growth at a CAGR of 2.1% till 2018. The
segments of hiking shoes and backpacking shoes hold market shares
worth 19% and 9% respectively.
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Release of Athletic Footwear Market :
Geography-wise, the
region of Asia Pacific is the lead revenue generator of the market
and holds nearly 42% market shares. Its market position is supposed
to have benefitted from factors such as heavy concentration of
leading footwear manufacturers and the cheap labor and raw material
cost.
The overall market
is dominated by five major players namely - Nike, Adidas, Puma,
Reebok, and Asics. These five brands solely cover nearly 80% market
share of the global athletic footwear market. Other players in the
market are Converse, Sketchers, New Balance, Vans, K-Swiss, and
Saucony.
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Transparency Market
Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. We are privileged with
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who use proprietary data sources and various tools and techniques to
gather, and analyze information.
Our data repository
is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
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