Market Size of Athletic Footwear Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 116.82 Billion |
| Market Size (2029) | USD 146.48 Billion |
| CAGR (2024 - 2029) | 4.63 % |
| Fastest Growing Market | South America |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Athletic Footwear Market Analysis
The Athletic Footwear Market size is estimated at USD 116.82 billion in 2024, and is expected to reach USD 146.48 billion by 2029, growing at a CAGR of 4.63% during the forecast period (2024-2029).
After the COVID-19 pandemic, due to the work-from-home culture for almost a year, people started developing health issues. Increase in weight and diseases like high blood pressure, cholesterol, and diabetes are increasing among people. Due to these reasons, people have become aware of the benefits of fitness, and countries have increased participation in sports and activities. After the pandemic, trekking and hiking trips also increased around the world, which, in turn, has increased demand for athletic shoes, thereby driving the growth of the athletic footwear market. According to the Outdoor Participation Trends report 2022, 58.7 million people went hiking in the United States in 2021.
The market is being driven by rising awareness about the importance of fitness. Consumer buying behavior transformed substantially in recent years, primarily due to an increase in disposable income and increased spending on products for self-enhancement. A rise in the number of specialty and franchised footwear stores, as well as tie-ups between footwear makers and various retail chains, has boosted demand for athletic footwear. Various emerging trends in different locations are expected to have a favorable impact on the sports footwear industry in the coming years. Furthermore, product development advancements, such as smart footwear that calculates calories burned, from market players may have an impact on the athletic footwear industry.
