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The Global Sports Footwear Market Size Was Significantly Robust in 2021 and is Expected to Register a Rapid Revenue CAGR over the Forecast Period
NEW YORK CITY, NEW YORK, USA, Aug. 19, 2022 /EINPresswire.com/ — Reports and Data has published a new article titled “Global Athletic Footwear Market, Trends and Opportunities, Forecast to 2030”. The consumer goods industry is booming due to changing consumer preferences, high demand for convenience, and the ongoing coronavirus pandemic. The global sports shoes market is expected to witness significant growth in revenue over the forecast period owing to factors such as increasing disposable income, robust urban development, improving living standards, and growing rapidly expanding world population.
The research report is formulated from extensive, professionally reviewed primary and secondary research and offers in-depth details on recent and emerging market trends along with market size, drivers, restraints, challenges, and opportunities of growth. The report also offers information on major companies, type and application segments, and regional bifurcation. Various advanced analytical tools like SWOT analysis and Porter’s Five Force analysis are used to get exact data which is then presented using charts, graphs, graphs and other pictorial presentations to offer a better understanding of market dynamics to the user, investor and reader.
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Market dynamics:
The global market is witnessing a rapid expansion in terms of revenue due to factors such as changing food preferences towards healthier food choices, high demand for premium foods, sustainable and natural food products and increasing of the health-conscious population. Growing inclination towards sustainable lifestyle, increasing penetration of internet, smartphones, laptops, rising usage of e-commerce and increasing investments from major players are driving the growth of the global market. Additionally, the increasing adoption of veganism and plant-based meat products, along with the emphasis on new product development is expected to drive the growth of the global athletic footwear market.
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The report also sheds light on market segmentation based on type, application and region:
Sports Footwear Market Segmentation Based on Product Types:
• Sport shoes
• Tennis shoes
• Soccer shoes
• Basketball shoe
• Cricket shoes
• Others
• Running and walking shoes
• Hiking/trek shoes and backpack
• Aerobics and sports shoes
• Others
Sports Footwear Market Segmentation Based on Distribution Channel:
• Hypermarkets/Supermarkets
• Specialty stores
• Brand outlets
• Online channels
Sports Footwear Market Segmentation By Regions:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Competitive landscape
The report offers detailed information about each market player along with their global position, financial status, business expansion plans, and license agreement. The global sports footwear market is extremely competitive and consists of key players at regional and global level. These players are focusing on adopting inorganic and organic growth strategies such as mergers and acquisitions, collaborations, partnerships, new product launches and joint ventures to gain a strong foothold in the market and improve their product base. .
Leading companies operating in the global sports shoes market profiled in the report include:
• Asics Corporation
• Reebok International Limited
• Adidas Group
• Puma SE
• V.F. Corporation
• Nike, Inc.
• FILA Korea, Ltd.
• New Balance, Inc.
• SKECHERS, Inc.
• Others
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