The global athletic
footwear market is likely to exhibit a CAGR of 1.80% within a
forecast period of 2012 to 2018. The market was valued at US$74 bn in
2011. By the end of 2018, the global athletic footwear market is
expected to reach US$84.4 bn, according to a research report released
by Transparency Market Research. The report, titled “Athletic
Footwear Market - Global Industry Size, Market Share, Trends,
Analysis And Forecast 2012 - 2018” is available for sale on the
company website.
According to the
report, the global athletic footwear market is driven by the
increasing interests shown by consumers in sports. This applies
especially to the younger demographic, which is mostly influenced by
athletes in their field of interests. The youth interest in sports is
considerably fueled by the growing media coverage of sports events
such as the FIFA World Cup, the ICC World Cup, and the Olympics,
along with expanding coverage of regular sporting seasons such as the
English Premier League and Wimbledon.
The global athletic
footwear market is additionally boosted by the growing health
concerns among consumers, who are becoming more inclined towards
exercise and physical activities such as trekking.The global athletic
footwear market is hampered by a rising rate of piracy and an
increasing concern over the damage manufacturing and disposal of
athletic footwear can have on the environment.
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The report includes
a segmented analysis of the global athletic footwear market, which
reveals that 62.0% of the consumption of athletic footwear is done by
males, while females take up 29.0% of it. The remainder is held by
the segments of kids’ athletic footwear segment, which is expected
to expand at a CAGR of 1.3% between 2012 and 2018.
The report’s
analysis of the global athletic footwear market based on products
shows shoe inserts to be the leading segment with a share of 36%
accounted for in 2011. Other segments include sports shoes,
backpacking boots, and hiking boots.The global athletic footwear
market is also divided into store-based and non-store-based footwear
sales in terms of the retail distribution channels. Store-based
retailing dominated the athletic footwear market in terms of sales.
The report’s
regional analysis reveals the global athletic footwear market’s
leader to be Asia Pacific. This region is expected to hold around
41.6% of the global athletic footwear market by 2018. Asia Pacific
consumption of athletic footwear is high due to a high density of
population coupled with increasing disposable incomes of people
living in the region.
Europe follows Asia
Pacific in revenue generated, while the North America athletic
footwear market shows a sluggish growth owing to an already matured
market along with an increasing cost of raw materials.Prominent
players in the global athletic footwear market are Saucony, Vans,
K-Swiss, New Balance, Converse, and Skechers. The market is led by
companies such as Asics, Adidas, Nike, Reebok, and Puma, which
collectively held nearly 80% of the global athletic footwear market
in 2011.
About Us :
Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use
proprietary data sources and various tools and techniques to gather
and analyze information.
TMR’s data
repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
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