Athletic Footwear Market is Anticipated to Witness High Growth Owing to Rising Consumer Spending on Sports and Fitness Activities
The athletic footwear market comprises various types of footwear such as running shoes, basketball shoes, soccer shoes, tennis shoes, and other sports shoes. Athletic footwear is designed for different sports and fitness activities to provide comfort, shock absorption, and stability. Advancements in sole technology, cushioning material and use of lightweight materials have revolutionized athletic footwear design. Athletic shoes are now an integral part of sports gear and the daily routine of fitness enthusiasts. The Global athletic footwear market is estimated to be valued at US$ 85,047 Mn in 2024 and is expected to exhibit a CAGR of 1.8% over the forecast period 2023 to 2030. Rising consumer preference for comfortable and stylish footwear along with high involvement of consumers in sports and fitness activities is a major factor driving the demand for athletic footwear. Rapid urbanization and rising disposable incomes in developing countries is also fueling consumer spending on ...