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The increasing number of sporting events is expected to drive innovation in athletic footwear manufacturing, thereby driving the market during the forecast period.

The global athletic footwear market is expected to grow from $77.5 billion in 2022 to $81.85 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The athletic footwear market size is expected to grow to $102.06 billion in 2027 at a CAGR of 5.7%.

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Global Athletic Footwear Market Segments Include:

• By Product Type: Running Shoes, Sports Shoes, Trekking/Hiking Shoes, Other Product Types
• By End User: Men, Women, Kids
• By Distribution Channel: Hypermarkets/Supermarkets, Specialty Stores, Brand Outlets, Online Channel
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global athletic footwear market in 2021.

Major Market Players in the athletic footwear market include Adidas AG, ASICS Corporation, Fila, Under Armour, Lotto Sport, New Balance, Vans, Nike, Puma, Skechers, K-Swiss, Wolverine World Wide.

The use of recycled materials in shoe production is a key trend that is gaining traction in the athletic footwear market. Athletic footwear companies are focusing on using recycled materials in shoes to reduce their carbon footprint and meet their organization’s specific sustainable goals. For example, Decathlon S.A., a French sporting goods company, launched Traxium Compressor in April 2022, a football shoe entirely made of recycled thermoplastic derived from end-of-life sporting goods such as plastic balls, shoes, and others. In addition, Adidas, a manufacturer of apparel, shoes, clothing, and accessories, will release the Solarthon golf shoes in June 2021, with upper parts made from 50% recycled parley ocean plastic.

The Athletic Footwear Global Market Report 2023  provides a athletic footwear market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The athletic footwear market forecast analyzes athletic footwear market size, athletic footwear market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Athletic footwear refers to a variety of shoes that are designed to accommodate the specific movements involved in various sports and are worn while engaging in sports, exercise, or leisure activities. Athletic footwear provides cushioning, stability, traction, flexibility, and durability to athletes.

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