Sports Shoes Market Size, Share, Growth, And Industry Analysis, By Type (Football Sport Shoes, Basketball Sport Shoes, Other Sport Shoes), By Application (Professional, Amateur), Regional Forecast To 2031

Updated On: 08 April 2024

Sports Shoes Market Report Overview

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The global sports shoes market size was USD 106.656 billion in 2021 and the market is expected to reach USD 164.358 billion in 2030, exhibiting with a growing Compound annual growth rate (CAGR) of 3.51% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Wearing the correct sports shoes for particular sports activities can enhance comfort and performance while also preventing injuries. Sports can put a lot of strain on one’s feet, ankles, and legs. Walking or running, for example, generate three to four times a person's body mass in impact energy through the legs.

Sports shoes are now made with individual behaviors in mind. If users engage in only one sport more than twice a week, then they should invest in a shoe designed specifically for that sport, such as a running shoe, court shoe, or rather a trekking shoe. If users participate in a variety of exercises during the week, a cross-training sports shoes may be the best option.

COVID-19 Impact: Interruption in Supply Chains to Decline Market Share

The eruption of coronavirus illness (COVID-19) did act as a humongous restriction mostly on sports shoes market in 2020, as supply chains have been interrupted because of international limitations and utilization has declined due to global government lockdowns. COVID-19 is an extremely contagious disease characterized by flu-like symptoms such as fever, coughing, and difficulty breathing. The virus was discovered in Wuhan, and has since spread throughout the world, which include West Europe, Asia, North America. Covid-19 has had a significant impact on a number of industries, one of which was the sports shoes market. A shutdown, boundary shutdown, lockdowns, followed by other forms of suppression have only exacerbated the situation. To cope with this pandemic scenario, all travel and outdoor activities were suspended. Because of health and safety concerns, all of the individuals were staying at home, which has a negative impact on the market and on every other market related to consumer goods.

Latest Trends

"Trekking and Hiking Shoes to Intensify Market Magnification "

The trekking & hiking shoe category is anticipated to expand at a healthy rate over the forecast period, due to advances in technology that have provided hikers with greater comfort and flexibility. For example, W.L. Gore, in collaboration with Salewa, developed the first edition of surround technology. GORE-TEX laminates are incorporated into the shoe uppers of hiking and trekking shoe to encircle the foot from all corners and expel moisture and heat outside of the shoes via side ventilation.

Sports Shoes Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into football sport shoes, basketball sport shoes, other sport shoes

Football sport shoes is the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into professional, amateur

Professional is the leading part of the application segment

Driving Factors

"Growing Requirement by Individuals to Boost Market Share "

People are also becoming more aware of the importance of wearing the proper shoes for sporting events activities in order to avoid hamstring injuries, torn ligaments, knee pain, back problems, and chronic injuries. As a result, demand for shoes is anticipated to skyrocket in the coming years thus profiting the sports shoes market share.

"Versatility Factor to Aid Market Forwarding "

Because of their versatility, sports shoes are becoming increasingly popular. Athletic footwear is used by a variety of consumers, including athletes and climbers. There are also fitness-conscious customers, gym goers, and individuals who utilize them for light fitness routines. Various types of athletic footwear on the market are made from high-quality raw materials like leather, foam, and polycarbonate, as well as advanced chemical additives.

Restraining Factors

"Rising Environmental Concerns to Deplete Market Advancement "

 Amongst the most significant constraints in the sports shoe industry is rising environmental concerns. The active steps implemented by the governing bodies and ecological groups to combat pollution act as a market restraint. The industry is a major source of pollution in rivers and the environment. For example, in July 2011, Puma, in addition to other sportswear brands like Nike and Adidas, were labeled as Dirty Laundry in a report by the environmental organization Greenpeace. Puma was alleged of collaborating with Chinese suppliers who, in accordance with the report, helped contribute to the environmental damage of the Pearl and Yangtze rivers.

Sports Shoes Market Regional Insights

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"Widespread Usage of E-Commerce to Foster Market Growth in Asia Pacific and North America "

E-commerce, which happens to involve buying and selling products and services solely through electronic channels, is in high demand around the world. Online shopping is the most common type of e-commerce. It has made the buying process simpler and more convenient for consumers. Online shopping is now more popular in developed countries such as the United States and Japan than in Asian economies including India and China. The current retail environment is not the same as it was ten years ago. This same rise of e-commerce, which allows shopping easier, simpler, and more convenient, has created a massive sports shoes market opportunity.

Furthermore, North America is expected to be the second dominant region in terms of sports shoes market growth. Owing to the rise in sporting events in the region the shoes manufacturing companies are expanding on a higher rate.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Puma (Germany)
• Vibram (Italy)
• ANTA (China)
• K-Swiss (U.S.)
• LI-NING (China)
• KAPPA (Italy)
• Merrell (U.S.)
• Asics (Japan)
• New Balance (U.S.)
• Skecher (U.S.)
• XTEP (China)
• Adidas Group (Germany)
• PEAK (U.K.)
• 361° (China)
• MIZUNO (Japan)
• Nike (U.S.)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.