Market Research News Global Athletic Footwear Market | Page 2

“Athletic Footwear Market: Global Demand, Growth
Analysis & Opportunity Outlook 2023”
The global athletic footwear market is segmented into product type such as
insert, sports, hiking shoes, and backpacking shoes. Further, insert segment
is further sub-segmented into aerobics shoes, atheleisure shoes, running
shoes and walking shoes. Among these segments, running and walking
shoes segments grabbed major shares of global athletic market in 2015.
Growing awareness amongst the population regarding health and fitness is
expected to drive the growth of these segments in upcoming years.
Global Athletic Footwear Market is expected to register a CAGR of
2.3% over the forecast period. Moreover, the Global Athletic Footwear
Market was valued at USD 75.2 Billion in 2015 and is expected to reach at
notable revenue of USD 115.6 Billion by the end of 2023. Furthermore,
rising disposable income of the consumers and increased spending on
clothing and accessories are expected to bolster the growth of global
athletic footwear market in future.
The online stores segment by distribution channel is likely to grow at
remarkable pace during the forecast period. Growing e-business across the
globe is a key reason which is augmenting the growth of these segments.
Further, online shopping sites are implementing various strategies such as
online fashion sale, discounts on footwear to get attention of population.
Furthermore, availability of massive range of athletic footwear on e-shops
is anticipated to drive the growth of global athletic footwear market during
the forecast period
Request Report Sample@ https://www.researchnester.com/sample-
request-242
Increasing Awareness Towards Fitness and Wellness
Growing athletic activities coupled with growing popularity of adventures
sports is projected to expand the market size of athletic footwear in near
future. Further, swelled inclination of young generation towards sports
such as football, basketball and others coupled with adoption of a single
Copyright © Research Nester
www.researchnester.com