World Footwear

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Momentum of athletic footwear market to continue

Jul 15, 2016 World
Momentum of athletic footwear market to continue
According to a new report by Allied Market Research the athletic footwear industry is expected to generate revenue of 114.8 billion US dollars by 2022

The end users include men, women, and kids. The men segment occupies a prominent share of 52.5% in the world athletic footwear industry, followed by the women segment in 2015. The huge consumer base of men segment enabled it to acquire the largest market share in the global athletic footwear market. The kids segment is anticipated to witness the fastest CAGR of 2.4% during the forecast period.

Moreover, penetration of athletic footwear is expected to increase amongst women in developing countries owing to increasing consciousness towards health and fitness.

According to the same source, Asia-Pacific would lead the market throughout the analysis period, followed by Europe. The market in APAC is expected to witness the highest growth driven by the increasing disposable income, rising health awareness, and increasing demand for fashion footwear.