Shock Absorbing Sneakers Market Size, Share, Growth and Industry Analysis by Type (Men Shock Absorbing Sneaker, And, Women Shock Absorbing Sneaker) By Application (Daily Life Running, Tournament, And, Outdoor Enthusiasts), Regional Forecast To 2031

Updated On: 15 April 2024

Shock Absorbing Sneakers Market REPORT OVERVIEW

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The global shock absorbing sneakers market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.

Shock absorbing sneakers are useful to reduce the stress that is caused due to walking or running. They are very comfortable while using. The sole of shock absorbing shoes is designed in such as way that they absorb the shock and reduce stress on the person who is using them.

Shock absorbing technology is incorporated into these sneakers very efficiently. The growth of brand awareness and penetration of e-commerce platforms have increased the market growth. This is considered as the latest trend in the market.

The number of track events are increasing worldwide. As a result, most of the athletes prefer wearing these shoes to avoid any kind of injuries. Apart from athletes, old aged people are also adopting these shoes. All of these factors have become the primary drivers of the shock absorbing sneakers market growth.

COVID-19 impact:  Reduction in Outdoor Activities During Pandemic Decreased Market Growth

The outbreak of pandemic of COVID-19 brought about many changes in every sector and industry. All of these changes were initiated due to lockdowns and social distancing norms. People were not allowed to move out of their houses during the pandemic period. This reduced the number of outdoor activities taken up by people.  

Outdoor activities like jogging, running, and cycling were considerably reduced during the pandemic period. Many people even stopped going to gyms and started working out in their own homes. These factors reduced the demand for shoes and shock absorbing sneakers during the pandemic period.

LATEST TRENDS

"Adoption of Shock Absorption Technology in These Shoes to Increase Market Growth"

Shock absorbing sneakers employ  shock absorbing technology. As a result, the pressure that is exerted on different organs of the body while walking, jogging, and running will be reduced to a great extent. While wearing these shoes, the pressure that is exerted on the back, ankles, knees, legs, and hips will decrease. Many athletes and sportsmen use such shoes to ensure comfort.

Another advantage of wearing these sneakers is that they prevent any kind of injury. The materials that are used for manufacturing these shoes are of high quality. Post pandemic, the number of sports activities have also increased, rising the demand for these sneakers. This is considered as the latest trend in the market.

Shock Absorbing Sneakers Market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments.

Men shock absorbing sneaker, and, women shock absorbing sneaker.  Men shock absorbing sneaker type is the segment that is expected to lead the market during the forecast period.

• By Application:

The market can be divided on the basis of application as follows:

Daily life running, tournament, and, outdoor enthusiasts. The daily life running segment is expected to lead the market during the forecast period.

DRIVING FACTORS

"Increasing Track Events Worldwide to Increase Market Growth"

The number of track events that are being organized all over the world have increased. This has positively affected the market share, creating lucrative growth opportunities for market growth. Demand for such shoes from the end-user industries have also increased.

While running long tracks or marathons looking after the safety of the athletes is very crucial. Sometimes, athletes might face injuries. In order to prevent this, they prefer such shoes as they reduce the stress level and ensure safety from ligament tears, or cramps. Increasing number of brands manufacturing shock absorbing shoes will further propel the market growth.

"Adoption of These Sneakers by Old Age People to Amplify Market Growth"

Apart from being useful to athletes and sports people shock absorbing shoes are also being used by old age people. This has increased the demand for such shoes. Other factors like urbanization, and growing income of people has positively impacted the market. Growing internet connectivity, increasing usage of smart phones, and tremendous growth of e-commerce platforms have further added to the market growth.

Many key industry players and top companies of shock absorbing sneakers are taking up sponsorships in big sports events. Some of these companies are also collaborating to attract more and more customers to the market. Sponsorships, collaborations with famous sports personalities and other marketing strategies are helping in increasing the shock absorbing sneakers market share.

RESTRAINING FACTOR

"High Cost Involved in Manufacturing of these Shoes to Decrease Market Growth"

Shock absorbing sneakers are designed to reduce stress while performing any physical activity. However, the main disadvantage that is associated with these shoes is that the manufacturers have to invest a lot while manufacturing them. The material with which they are manufactured is very expensive.

Along with the initial investment cost, the final cost of these shoes is also very high. This reduces the affordability of these shoes. Many people are not aware about such shoes. The lack of awareness regarding these sneakers can bring down the market share.

Shock Absorbing Sneakers Market Regional Insights

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"North America to Dominate Market During Forecast Period"

North America is predicted to become the largest market share holder in the market. The demand for such shoes is high in this region as many people are involved in performing sports activities. These shoes are also suitable to be used for gyms, and workouts.

Many doctors, and physicians recommend shock absorbing sneakers to athletes, and even normal people as they provide many health benefits and avoid any kind of injuries. Smart marketing strategies adopted by the companies will further accelerate market share.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market. A list of the key industry players have also been listed to provide an idea of the competition that is prevailing in the market.

List of Market Players Profiled

• Nike (U.S.)
• Asics (Japan)
• New Balance (U.S.)
• Brooks (U.S.)
• Adidas (Germany)
• Deckers (U.S.)
• Saucony (U.S.)
• The North Face (U.S.)
• ANTA (China)
• Lining (China)
• Pearl Izumi (U.S.)
• Under Armour (U.S.)
• Topo Athletic (U.S.)
• Mizuno (Japan)
• Altra (Utah)

Report Coverage

The report provides an insight into the global industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. FAQs have also been given to outline the report.