Market Size of Asia-Pacific Athletic Footwear Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Athletic Footwear Market Analysis
The Asia-Pacific Athletic Footwear market is projected to register a CAGR of 7.1% during the forecast period, 2022-2027.
The rising demand for comfortable and lightweight athletic shoes due to the increased adoption of fitness activities such as running, walking, and aerobics is driving sales growth in the Asia Pacific market. Additionally, young generation consumers are increasingly preferring athletic shoes in vivid colors and stylish designs to enhance their athleisure look. Further, ongoing inclination toward fitness programs such as gym workouts, online training, aerobics, yoga, etc. to overcome work-related stress and lifestyle disorders in nations like India, China, and Japan is influencing the demand for athletic footwear in the Asia Pacific region. The rising popularity of trendy sportswear and the growing consumer interest in sports and leisure activities is anticipated to create significant growth opportunities for the Asia-Pacific athletic footwear market over the forecast period.
The Covid-19 pandemic had a significant impact on the market, as disruption in the raw material supply and the slowdown of demand due to the restriction on hiking, sports activities, and leisure travel affected the industry's performance. The cancellation of several national and international sports tournaments along with the closure of local sports clubs caused the market downturn during the pandemic.
