• US: +1-408-610-2300
  • Toll Free: +1-866-831-4085
  • Login / Register
Sports Shoes Market Share, Growth, 2025 | Industry Trends Report

Sports Shoes Market Analysis Report By Gender, By Retail Channel, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619877  |  Published: July 2020  |  No of Pages: 100
Format: Electronic (PDF)  |  Industry: Sporting Goods & Equipment  |  Publisher: Grand View Research

Industry Insights

The global sports shoes market size was accounted for USD 19.0 billion, in the year 2018. It is projected to grow at the significant rate of CAGR over the forecasted period, 2019 to 2025. The growing number ofinter school/college sports events across the globe is boosting the market growth. Further, government authorities and professional sports leagues such as National Football League (NFL), Western Hockey League (WHL), and Indian Premier League (IPL) are encouraging young population to take up sports full time; this is expected to drive the market further over the forecast period in this report.

For example, Canadian government provides grands for sports activities in colleges and schools. Moreover, increasing awareness regarding fitness and health aspects is encouraging people to participate in sports events. All these key factors are expected to propel the demand for the shoes in the next few years.

U.S. sports shoes marketFurthermore, the increasing number of international sports events across the world coupled with rising consumer awareness is expected to boost the product demand. Top manufacturers sponsor these events to increase their reach across countries.

For example, Adidas group was the main sponsor for the FIFA World Cup, in 2018. Under Armour and Nike was an official supplier to the Olympic Games held in Brazil, in 2016.

Furthermore, the manufacturers also work with the government authorities to create awareness among consumer regarding outdoor and indoor games. For example, President council for sports and fitness & nutrition (PCSFN) to encourage the consumer to participate in sports activities.

Moreover, the key manufacturers also focus on innovation in product. They are using 3D technology to improve product design and high comfort. The shoes are made from material such as carbon fiber, knitted fabric, and other plastics. Furthermore, the introduction of advanced shoes with features like long-lasting, lightweight is gaining traction among consumers.

Gender Insights

The sports shoes market is split into men, women,and kids. Men shoes segment hold the largest share of over 50.0% in the overall market. The Women footwear segment is also expected to grow at the significant rate over the next few years. In addition, growing participation in sports activities especially from countries such as China, India, South Africa, and Brazil is also bolstering the market growth.

The women’s participation from countries like Australia, U.K., Germany, and the U.S. is higher than that of China, and India. However, growing education regarding fitness and health aspects of sports activities is anticipated to boost the product demand over the forecast period.

Retail Channel Insights

The retail channels are bifurcated into offline and online channels. The offline channel dominated the market with a market share of over 80.0% in the overall market. The rising number of outlets offering sports accessories in countries such as China, Brazil, and India is projected to affect positively on market growth. For example, Adidas AG is planning to open over 3,000 stores in the Chinese market by the end of 2020.

Similarly, Under Armour is projected to open 15 new stores by 2019 in the Indian market. Growing health awareness and rising consumer purchasing power are expected to boost the market growth.

Global sports shoes market

In 2018, the offline channel dominated the market; however, online channels are also gaining traction among consumers. In the U.S. market, online segment attributed to over 25.0%, in 2018.

Top online retailers include, Walmart, Amazon, DICK’S Sports Goods, and Decathlon. All these players have large distribution network across countries like Germany, U.K., and the U.S. The growing digital media and e-retailers across China, and India are expected to bolster the market growth.

Regional Insights

In 2018, Asia Pacific held the largest market share in terms of revenue. The growth is attributed to the rising popularity of sports like cricket, badminton, football, and hockey is supporting the growth of the market. Popular leagues in the regional market are IPL, Indian Hockey League, Premier Badminton League are anticipated to positively impactthe sports shoe market growth.

North America region is estimated to grow at a significant rate from 2019 to 2025. The growing penetration of American style football is supporting the market growth. According to research it is found that over 33.0% of Americans mentioned footballas their favorite sports. NFL organizes events across Mexico and the U.S. to raise sports awareness among the people. Middle East & Africa region is also projected to grow at a substantial rate from 2019 to 2025.

Sports Shoes Market Share Insights

Leading players in the market include Adidas Group, Nike, Inc., MIZUNO Corporation, Puma SE, ASICS, Under Armour, and Fila Inc.Top players in the market are focusing on product innovations to expand their product portfolio and to gain traction among consumers.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America &Middle East & Africa

Country scope

U.S., Germany, China, Brazil, and South Africa.

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional,and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global sports shoes market report on the basis of gender, retail channel, and region:

• Gender Outlook (Revenue, USD Million, 2015 - 2025)
    • Men
    • Women
    • Kids

• Retail Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Offline
    • Online

• Regional Outlook (Revenue, USD Million, 2015-2025)
    • North America
        • U.S.
    • Europe
        • Germany
    • Asia Pacific
        • China
    • Central & South America
        • Brazil
    • Middle East &Africa (MEA)
        • South Africa

What questions do you have? Get quick response from our industry experts. Request More information
Key questions answered in the report include
key questions
We also offers customization on reports based on specific client requirement.
Request for Customization

Choose License Type

Research Assistance

Ryan Manuel
Ryan Manuel

Research Support Specialist, USA

  1. Phone: +1-408-610-2300
  2. Toll Free: +1-866-831-4085
  3. Email: [email protected]
  • World's largest premium report database
  • Transparent pre & post sale customer engagement model
  • Unparalleled flexibility in terms of rendering services
  • Safe & secure web experience
  • 24*5 Research support service
  • 100% Secure Payments
  • Our Promise
  • 100% Service Assurance
  • Market Monitoring
  • Service Flexibility
  • 24X5 Care available