Athletic Footwear Market Estimates Showing Surprising Stability in key Business Segments

According to Fact.MR’s research report on the athletic footwear market, the market is anticipated to reach a value of more than US$ 83 Bn by 2022 reflecting a moderate CAGR during the period 2017-2022.Footwear is a garment worn on feet for protection from external agents while performing outdoor activities. Athletic footwear refers to the product worn by athletes which have similar function of foot care along with higher additional functionality according to the sport they are designed for. Athletic footwear thus provide better protection, easy movement control, mid-foot support as well as heel stabilization and cushioning.

Running Shoes and Backpacking Shoes Show Cut Throat Competition

Running shoes are expected to show the highest share in athletic footwear market, with 16.4% in 2017, thereby dominating the global athletic footwear market by product type. Backpacking Shoes depicts a similar share in athletic footwear market, but has a higher growth rate through 2022.

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Specialty Boots Segment Poised to Reflect High Pace

The specialty boots sales will grow at the highest rate in athletic footwear market. It is poised to register a robust CAGR of 5.8 % through 2022. However, this segment shows a lower share, almost half the share of athletic footwear market compared to the running shoes.

Europe Region has Higher Market Attractiveness

Europe region shows high attractiveness index and is more lucrative region in the athletic footwear market. The share of Europe in athletic footwear market is high and it dominates the global market by region and is poised to grow at a moderate growth rate. Asia-Pacific excluding Japan (APEJ) region is anticipated to grow at the highest growth rate in athletic footwear market reflecting a CAGR of 5.2% during the forecast period. APEJ region shows high potential during the forecast period. Other regions have a significant share in the athletic footwear market.

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