The athletic footwear market incorporates sportswear, trekking shoes, aerobics shoes, walking shoes, and running shoes. These safety shoes use plastic and are preferred to as composite toe caps, which may drive overall product demand. By material, the market is segmented into rubber, leather, plastic, and others. Youngsters are getting keen on adopting a healthy lifestyle and are hence participating actively in sports and other related activities. Much good work has been done in the sports retail business, but there is so much more to do. Socks and swimwear were both negative as well.
Universal protective gear experienced low single-digit growth for the quarter. At this point, I do not believe there is a replacement for this shoe and the industry is lacking a hot item that can lift it. Running Shoes to Witness Fastest Growth during the Forecast Period On the basis of product, the athletic footwear market is led by the ball sports shoes as participation in various sports such as soccer, cricket, hockey, and tennis is increasing across the globe. We offer the most robust plus tailored analytics to help you keep current customers and win new ones. Rising adoption of athletic footwear during sports activities in order to avert injuries to leg muscle, knee pain, hip pain, and back pain, is leading to substantial purchase of athletic footwear in North America and Asia Pacifica market. The market has been classified on the basis of material into rubber, plastic, and others.
The middle class population is price sensitive in nature, which may bring down overall revenue. The key players in the footwear market are Adidas Co. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing per capita income, growing penetration of e-commerce websites, and significant investment by leading industry players considering potential growth opportunities in the region. In most of the developed countries, the proportion of women athletes representing their respective nations at major sporting events is significant as compared to developing and underdeveloped countries. Global Footwear Market: Market Dynamics The global footwear industry has been experiencing rapid expansion, primarily due to rapid demand for new and innovative footwear products worldwide. Package design involves the development of a container and a graphic design for a product. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report covers a forecast and an analysis of the sports betting market on a global and regional level. Expand to new product need to distinguish the Puma brand from the market and from competition in a unique manner. Moreover, declining cost of footwear due to increased production coupled with easy availability are considered as one of the prominent factors for the rapid growth of footwear market, in the recent years. These boots are manufactured from plastic and other materials which may fuel product demand. In November 2015, New Balance Athletics, Inc. In addition, while consumers will look to get dressed up for holiday festivities, comfort is the key word. By Product Categories, 2012 3.
On the other hand, the availabity of counterfeit products that are developed by local manufacturers is anticipated to hinder the growth of the global footwear market during the forecast period. The objective is to enable the company to differentiate its products or message according to the common dimensions of the market segment. The retailers were not immune to the promotions, with one taking 25 percent off the whole store which is the surest way to sell all the good stuff at a discount and be left with the rest in need of further reductions. The products selling quickly are those that consumers think they can flip in resale marketplaces. Availability of strong distribution channel and ease of availability of athletic footwear at e-commerce platforms are likely to rise the demand for athletic footwear during forecast period. Macro Economic Factors of Australia Athletic Apparel and Footwear Industry, 2006-2017 3. Major driving forces for growth are increase in disposable income in developing economies, growing global population, rapidly spreading awareness about health and fitness, and the corresponding rise in demand for comfortable, innovative and affordable products.
Industrial Safety Footwear Market Competitive Market Share Global industrial footwear market share is competitive on account of manufacturing companies situated globally. For instance, Adidas acquired fitness technology firm Runtastic in August 2015, which provided mobile apps and proprietary hardware that enabled the users a detailed analysis of their fitness activities. The new year began with some political and economic uncertainty, which could temper spending across categories. Under Armour, which has no retro product, experienced a sales decline. In the third quarter, however, that demand fell off and baseball sales went flat.
Additionally, robust growth in the fashion industry, rising demand for latest and improved footwear designs across the globe, and large-scale production in the Asia Pacific region are expected to fuel market growth of footwear market in the upcoming years. I would, in future, definitely use their services again I would like to thank Ken research team for meeting our report deliverables. A major missed opportunity was universal protective gear, which remained flat over 2017. In addition, according to our Holiday Purchase Intentions Survey, almost one-in-four Millennials reported that they plan to use their smartphone most often to do their holiday shopping. Beauty is moving away from celebrity influencers to micro-influencers who have a small, but loyal following.
The key strategies adopted by these players are more number of retail outlets, large global customer base, and strong distribution channel. For example, Midas specialises in women's footwear, while Aquila retails men's shoes. Europe is expected to hold the second largest position in the global market for athletic footwear. In addition, there has been a surge in health and fitness activities among consumers worldwide, particularly in running and other sports. They hamper distribution channels and lead to a negative impact on the entire market.