Global Sports Footwear Market to grow at a CAGR of 2.55% during the period 2016 - 2020; Finds New Report

Report forecast the global sports footwear market to grow at a CAGR of 2.55% during the period 2016-2020.

The global market for sports footwear has been divided into six product segments: cleats, running footwear, court game shoes, gym and training shoes, athleisure, and other segments that include hiking, walking, aerobics, golf, and cricket shoes. The athleisure segment is gaining prominence over all other product segments, accounting for the largest portion of the overall sales revenue and a dominant share of the market.

The global sports footwear market is expected to grow at a dynamic rate compared to the global footwear market during the forecast period as a slight shift in consumer preferences toward casual sports footwear has been noted, which most consumers prefer for daily use. The growing affinity of consumers toward sports and fitness activities, along with a greater adoption of different sports, will contribute to the growth of the global sports footwear market in the coming years.

The report covers the present scenario and the growth prospects of the global sports footwear market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the retail sales of sports footwear to individual consumers, along with the sales volume of these sports footwear.

The market is divided into the following segments based on geography:

• APAC
• Europe
• North America
• ROW

According to the report, the increased awareness of the benefits of leading a healthy lifestyle has been propelling the growth of the global sports footwear market. Along with a rising inclination toward the adoption of physical activities by consumers, vendors are also recognizing the fact that the need for physical fitness among consumers can be further boosted with the advent of social media fitness apps and socially integrated fitness trackers.

Further, the report states that sports footwear manufacturers are experiencing fluctuations in their profit margins, owing to the fluctuating prices of raw materials and the increasing vendor competition. The price of ethylene vinyl acetate (EVA), which is an elastomeric polymer that produces materials with a rubber-like softness and flexibility and is used for the production of sports footwear soles, has increased, thereby raising the prices of sports footwear.

Global Sports Footwear Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global sports footwear market: Adidas, ASICS, Nike, New Balance, and Skechers.

Other Prominent Vendors in the market are: Amer Sports, Avia, Brooks Sports, British Knights, Columbia Sportswear, Eddie Bauer, Newton Running, Nfinity Athletic, Rockport, and Saucony.

Market driver

• Social fitness
• For a full, detailed list, view our report

Market challenge

• Rising cost of raw materials
• For a full, detailed list, view our report

Market trend

• Focus on shoe designing
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 116 pages and 76 Exhibit “Global Sports Footwear Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by application, Market segmentation by retail formats, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Innovative product launches, Vendor landscape, Appendix.

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