Global Sports Footwear Market Size, Share & Trends Report, by Gender (Men, Women), by End-Users (Professionals Users and Recreational Users), and by Distribution Channel (Online and Offline) Forecast (2022-2028)

The global sports footwear market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The sports disciplines such as golf, football, and others witness a high number of participants, which will fuel the growth of the global sports footwear market. According to the data published by National Gold Foundation, Approximately 24.8 million people played golf in the US in 2020. Also, nearly 37.5 million people in the US played golf in 2021. Out of these 25 million people played on a golf course and 12.4 million participated in off-course golf activities at places like indoor golf simulators, driving ranges, or golf entertainment venues. The number of rounds played in 2021 was up 16.1% compared to 2020. In addition, one out of every three Americans aged 6 years and above, played golf on the course or off course, followed golf on television, or listened to a golf-related podcast in 2021. Moreover, 25.0% of on-course golfers are women. Females represent a higher percentage of beginners (37.0%), juniors (36.0%), and of- course participants (44.0%).

The rise in the number of young population is anticipated to drive the growth of the global sports footwear market. According to the UN World Youth Report 2020, the number of young people between 15 and 24 years of age number 1.21 billion and account for 15.5% of the global population. Moreover, the rate of population in emerging countries is growing 2.5 times faster than the population of the rest of the world. Thus, the number of youth aged 15 to 24 is anticipated to rise from 207 million in 2019 to 336 million in 2050.

Looking toward the demand for sports footwear, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in August 2020 ASICS Oceania Pty Ltd launched 35 NOT OUT FF, a cricket shoe designed for the female foot. The 35 NOT OUT FF features a Flytefoam midsole for reduced weight and flexibility in the shoe, rearfoot Gel technology for additional comfort, and meta tip studs, offering the players the edge they need on the field. Thus, such launches are anticipated to drive the growth of the global sports footwear market during the forecast period.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Gender
  • By End-User
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Nike Inc., Adidas Group, and Puma SE among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Sports Footwear Report by Segment

By Gender

• Men
• Women

 

By End-User

• Professionals Users
• Recreational Users

By Distribution Channel

• Online
• Offline

Global Sports Footwear Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa