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Sports Footwear Market Size, Share & Industry Analysis, By Gender (Men, Women, and Kids), End-User (Professional Users and Recreational Users), Distribution Channel (Online and Offline), and Regional Forecasts, 2019 – 2026

Region : Global | Format: PDF | Report ID: FBI102216

 

KEY MARKET INSIGHTS

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Sports footwear is mainly designed for active sports or another kind of physical exercise. Sports footwear is essential for sportsperson as it provides flexibility, stability or motion control, traction on roads, torsional stability, and other benefits. Owing to these benefits, the demand for sports shoes is increasing at a tremendous rate. Nowadays, most of the young population is engaged in sports activities to keep themselves fit and healthy. For instance, in 2017, around 56.5% of kids participated in team sports in America. Furthermore, the demand for sports footwear is at a high spur owing to the increasing awareness regarding sports, increasing involvement of countries in different sports and games, and the rising preference for fitness.


The global sports footwear market is witnessing a significant growth during the forecast period 2019–2026, owing to the rising number of sports tournaments. Moreover, sports such as cricket, football, hockey, golf, ball sports, and others are witnessing a huge number of participation by people, which in turn, is propelling the sports footwear market growth. According to the Australian National Cricket Census, cricket has been actively witnessing participation from males as well as females. Additionally, around 1.56 million Australians are actively engaged in cricket programs or competitions.  Therefore, the rise in a number of sports participation is likely to support the global sports footwear market.


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The use of environment-friendly materials to manufacture sports shoes is one of the major trends that will positively impact market growth. By focusing on the preservation of the environment, there is a rising demand for sustainable sports footwear among consumers. Furthermore, various manufacturers are taking efforts to cater to the customers’ needs and are constantly focusing on manufacturing sustainable and eco-friendly sports footwear. For instance, in April 2019, Adidas launched its first environmentally friendly 100% recyclable running shoes.


MARKET DRIVERS


“Increasing Participation in Physical Activities and Sports to Bode Well for the Market”


Increasing chronic diseases due to lack of exercise and the growing health-conscious population, especially in urban regions, is driving the global market. Rising focus on the gym and sports infrastructure in various emerging countries is likely to increase the demand for sports footwear products. According to the Sports Club Survey (Sport and Recreation Alliance, U.K.), the average number of junior participating members per club increased by 5% in 2017.


Furthermore, increasing awareness regarding health and fitness has simultaneously increased the number of participants engaging in physical activities and sports, thereby showing positive growth in the sports footwear market. Additionally, rising innovation in sports footwear, such as increased functionality and lightweight shoes for running, is influencing the growth of the market. In order to target more consumers, manufacturers are providing customizable options for fast-moving preferences.


“Increasing Government Initiatives will Support the Growth of the Market”


Increasing purchasing power and rising disposable income of consumers have propelled the growth of the sports footwear market. Rising income level has resulted in a willingness to pay extra for several performance characteristics such as waterproof quality, moisture management, temperature control, and friction regulation. Additionally, an increasing number of different retail outlets, along with hypermarket and supermarket, is expected to help the sports shoes market gain impetus in the forecast period.


The global, regional, and local government bodies are focusing on health and new strategies to draw people's attention towards the benefits of physical activities. Government bodies of several developed countries are constantly engaged in the process of establishing effective healthcare offerings. This would simultaneously increase the business of sports footwear, as a significant portion of the population will be inclined towards sports and fitness activities. Moreover, government bodies are focusing on educating students about fitness and sports activities in schools and universities by organizing sports tournaments and free coaching. These initiatives will fascinate the students and encourage them to participate in sports activities.  For instance, in December 2017, the government of India took a great effort to encourage sports at the school level by offering certain monetary benefits and providing free sports coachings. Therefore, this kind of initiative will boost the future of sports and provide an impetus to the growth of the sports footwear market.


SEGMENTATION


By Gender


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“Men Gender is Expected to Hold the Major Share in the Global Sports Footwear Market”


The Men segment is expected to hold more than 50% of sports footwear market share owing to a large number of male population inclined towards sports and other physical activities. According to the U.S. Bureau of Labour Statistics,  on an average, in a day in 2018, men spent around 5.7 hours in sports activities, while women were engaged for 4.9 hours. The rising participation of females in various sports activities  at national and international levels is propelling the growth of women sports footwear. According to the Nielsen Sports Survey, approximately 84% of sports fans are interested in women’s sports, whereas 51% in males sports. Additionally, the increasing involvement of women in several sports activities is likely to support the growth of the global market.


By End-User


“Recreational Users to Hold a Significant Share During the Forcast Period 2019–2026”


Recreational users are anticipated to hold the largest share in the global sports footwear market. Recreational users are the ones who participate in sports mainly for being physically fit, for enjoyment & entertainment, or to socialize. Whereas, professional users play sports for participating in competitions and have a winning perspective. Therefore,  health-conscious population tends to play sports majorly for being fit and active; which, in turn, is expected to boost the recreational user segment.


By Distribution Channel


Offline Segment to Support the Growth of the Global Sports Footwear Market


The offline segment is expected to lead the sports shoes market. This segment includes retail stores such as supermarkets, brand outlets, and discount stores. Some of the prominent companies are aiming to open retail stores in the developing economies to expand their geographical presence and increase the customer base. For instance, in October 2019, PUMA, the largest sportswear brand, opened its first redesigned and interactive retail store in India.


The online segment is expected to be the fastest-growing owing to increasing internet users and easy availability and accessibility of the wide range of products at a reasonable price.


REGIONAL ANALYSIS


“Asia Pacific is Accounted to be the Fastest Growing Region till 2026”


Asia Pacific is considered to be the fastest-growing region during the forecast period 2019–2026. This region comprises of several countries such as India, China, Australia, Japan, South Korea, and others. The increasing consumer expenditure, supported by strong economic growth and higher disposable income, is likely to drive the growth of the sports footwear market in this region. India is considered to be one of the youngest nations across the globe, with approximately 65% of the population under 35 years of age. Additionally, the growing younger population who are largely inclined towards sports and fitness activities, especially in India, is supporting the growth of the market.


North America Sports Footwear Market Size, 2018

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Moreover, the government of India is significantly investing in programs to support youth participation in sports and physical activities through various platforms such as “Khelo India.” For instance, in January 2019, Maharashtra bagged the trophy at Khelo India youth games with 10K participants and 5,925 athletes. Therefore, the rising government support by introducing several schemes and programs regarding the sports to motivate the young generation and increase the participation in various sports activities is flourishing the growth of the sports footwear market in the Asia Pacific. 


“North America is projected to be Largest Market in Global Sports Footwear Market.” 


North America holds a major sports shoes market size of USD 41.12 billion in 2018 owing to the growing popularity of sports and other similar activities. Moreover, the U.S. is considered as the leading country in the footwear sports market in North America. Most of the population prefers outdoor sports and adventurous activities which is likely to show a positive impact on market growth.          


Additionally, the rising health concerns and health awareness amongst the Canadian consumers are likely to attract high sports shoes market revenue. Most of the consumers are looking at the products and services to help and maintain their health. It has been predicted that around 31% of Canadian consumers are willing to pay for health-enhancing products. This further results in the growth of the sports footwear market during the forecasted period. Furthermore, the government of Canada is helping various sports organizations by providing funds. For instance, in 2017-2018, Sport Canada Program provided approximately USD 3.4 million to promote participation in sports for children and youth through various organizations.


“Middle East to Show Substantial Growth in the Sports Footwear Market.”


The Middle East region is expected to exhibit a substantial growth in the sports footwear market owing to the increasing government support. For instance, in April 2018, the government of UAE approved a law that allows all UAE residents to participate in national sports competitions held in the country. Furthermore, this law is mainly applied to the UAE passport holders, children of Emirates, and all those who are born in UAE.


KEY INDUSTRY PLAYERS


“Major Players to Focus on Innovative and Durable Products for Expansion of Customer Base” 


The global sports footwear market includes several number of players, few of them includes Nike Inc., Adidas Group, MIZUNO Corporation, Puma SE, Armor Inc., Sketchers, USA Inc., Reebok, Converse, Diadora S.p.A., and ASICS.


Some of the manufacturers are mainly focusing on launching innovative and advanced products that may fulfill the customer’s requirement. For instance, in March 2018, Reebok launched a Fast Flexweave running shoe which mainly features Flexweave, the latest cutting-edge technology.


List KEY COMPANIES Covered:



Report Coverage 


The growing sports population and physical fitness trends are driving the growth of the global sports footwear market. Additionally, rising health consciousness, the presence of a large number of manufacturers, and government support are propelling the sports footwear market growth.


The report provides qualitative and quantitative insights on the sports shoe market and detailed analysis of market size and growth rate for all possible segments in the market. 


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Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights provided in the report are the overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in key countries, and key industry trends.


Report Scope & Segmentation











































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD Million)



Segmentation



By Gender



  • Men

  • Women

  • Kids



By End-User



  • Professional Users

  • Recreational Users



By Distribution Channel



  • Online

  • Offline



By Region



  • North America (the U.S., Canada, and Mexico)

  • Europe (Germany, France, U.K., Spain, Italy, Russia, and the Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and the Rest of Asia Pacific)

  • South America (Brazil, Argentina, and the Rest of South America)

  • Middle East & Africa (South Africa, UAE, and the Rest of the MEA)



INDUSTRY DEVELOPMENTS:



  • In August 2018, Reebok launched its first bio-based sports shoe made with 75% of plant-based fibers such as corn and cotton.

  • In April 2017, Adidas, a sports brand giant partnered with California based startup “Carbon.” This partnership was planned to create a brand new 3D printed shoe.


Frequently Asked Questions

Fortune Business Insights says that the global market was USD 98.70 billion in 2018 and is projected to reach USD 142.40 billion by 2026.

Growing at a CAGR of 4.8%, the market will exhibit steady growth in the forecast period (2019-2026)

The men segment is expected to be the leading segment in the sports footwear market during the forecast period.

The increasing health-conscious population, increasing a number of sports players, and rising income levels are driving the growth of the market.

Nike Inc, Adidas, Reebok, and others are the key players in the sports footwear market.

North America is expected to hold the highest market share in the market in 2018.

Recreational users are expected to grow at the fastest pace during the forecast period.

Increasing concern for fitness, rising disposable income, and an increasing number of athletes are the key market trends that are driving the growth of the market.

Sports Footwear Market Size, Share and Global Industry Trend Forecast till 2026
  • Feb, 2020
  • 2018
  • 2015-2017
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