The
global athletic footwear market was worth USD 74.7 billion in 2011
and is expected to reach USD 84.4 billion in 2018, growing at a CAGR
of 1.8% from 2011 to 2018.
Asia
Pacific is leading the athletic footwear market with maximum share
and is expected to enjoy a 41.6% share of the market in 2018, closely
followed by Europe. The North America market is growing at a
relatively slower rate, due to high labor cost, raw material cost and
strong competition.
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Factors
driving the global athletic footwear market include growing awareness
about healthy and active lifestyles, rising demand for comfortable
footwear, rising demand for innovative footwear designs and
technology, growing population and rising disposable income levels.
The market is projected to grow at a CAGR of 1.8% from 2011 to 2018,
and is expected to reach USD 84.4 billion in 2018.
The
shoe insert market, the largest segment, holds 36% market share of
the athletic footwear market and is expected to grow at a CAGR of
1.7%. The sports footwear market is expected to grow at the fastest
CAGR of 2.1% till 2018 and holds 35% market share of the athletic
footwear market. The hiking shoes segment holds 19% market share and
backpacking boots 9% market share of the athletic footwear market.
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Based
on consumer groups, the athletic footwear market is segmented into
men, women and kids segments. The men's footwear market is a leading
segment in the consumer group with 62% market share of the overall
athletic footwear market. The second largest segment is the women's
footwear market, which holds 29% market share growing with a CAGR of
1.3% from 2011 to 2018. Due to the high demand for comfortable and
sporty footwear for kids, the demand for kids' footwear is expected
to grow at the fastest CAGR of 2.8% from 2011 to 2018.
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The
athletic footwear market is analyzed over four regions - North
America, Europe, Asia Pacific and Rest of the World. The Asia Pacific
region accounted for the largest share of 42% of the overall athletic
footwear market and is expected to grow with a CAGR of 1.7% from 2011
to 2018. Athletic footwear manufacturers are heavily concentrated in
the Asia Pacific region. This continent has produced 87% of all the
pairs of shoes produced all over the world. The athletic footwear
market has the highest growth in the Asia Pacific region due to the
cheap labor cost and raw material cost.
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all Article :
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Nike
is a world-leading brand in the athletic footwear market and holds
the maximum share of 41% in the industry. The athletic footwear
market is quite consolidated with the top five players, Nike, Adidas,
Reebok, Puma and Asics. There is strong competition in these niche
players. These brands hold around 80% market share of the athletic
footwear market. Other players in the market are New Balance,
Converse, Sketchers, Vans, Saucony and K-Swiss.
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