Product Overview

Athletic footwear is a commodity of excellent quality. These shoes have unique craftsmanship and exclusivity that attract consumers to these shoes. Athletic footwear refers to shoes designed for athletic events and other outdoor activities. Such footwear is readily available and can be purchased from various distribution channels, such as wholesale, online, or e-commerce.

Market Highlights

Athletic Footwear Market is expected to project a notable CAGR of 5.9% in 2030.

Athletic Footwear Market to surpass USD 124.6 Billion by 2030 from USD 67.30 billion in 2019 in terms of value growing at a CAGR of 5.9% throughout the forecast period, i.e., 2020-30. The market provides a range of shoes with color, style, and price choices to appeal to individual consumers' desires and buying abilities. The growth of the athletic footwear market has been fueled by sales expansion across online platforms, new product releases, and attractive marketing and promotional strategies adopted by the companies. With players making significant investments in marketing platforms and brand building, the market is highly competitive. This highlights their presence and helps to build their brand image to draw more customers. Consumers are also increasingly realizing the significance of using the appropriate type of shoes for sports activities to prevent muscle injuries, leg injuries, knee pain, hip pain, and back pain. As a result, the demand for athletic shoes is expected to register a sharp rise over the coming years.

Athletic Footwear Market: Segments

Trekking & hiking shoe segment to grow with the highest CAGR during 2020-30

Athletic Footwear Market is segmented by product as aerobic shoes, running shoes, walking shoes, trekking & hiking shoes, and sports shoes. Running Shoe segment is estimated to lead the market with a share of over XX.X% in 2019. Consumers are reluctant to adjust to a rather sedentary lifestyle in the global economy, which has recently alarmed the need to participate in activities such as running and walking that help them manage their wellbeing. This is the major reason for the rising popularity of running shoes among consumers in the industry. The growing desire to preserve health among customers is also correlated with the interest in premium and personalized shoes. Due to their willingness to communicate with their customers, the brands for running shoes operating in the global market compete with other brands through the use of powerful admirable figureheads and an incredibly efficient distribution network. Due to technological developments that have guaranteed more comfort and versatility for hikers, the trekking and hiking shoe segment is expected to display healthy growth during the forecast era.

Female Segment to be the fastest-growing segment with a CAGR during 2020-30

Athletic Footwear Market is segmented by Gender into Male and Female and children. The Male segment accounted for the largest revenue share of XX.X% in 2019. The segment will continue to dominate the athletic footwear market over the forecast period. Women's footwear is gradually catching up as the popularity of sports continues to grow among women, particularly in previously unexplored markets. In most developed countries, in contrast to developing and underdeveloped countries, the proportion of women athletes representing their respective nations at major sporting competitions is important. However, in developed countries, the situation is steadily shifting, in line with efforts being made by the governments of the respective countries to enable women to engage actively in sports and other fitness-related activities. In developing markets, this is expected to dramatically increase women's athletic footwear sales.

Athletic Footwear Market: Market Dynamics

Drivers

Changing consumer lifestyle

A significant factor affecting the consumer lifestyle is urbanization. In the coming years, the evolving customer lifestyle is expected to increase the market for athletic footwear. In developing countries, obesity is a significant health concern, with one out of three people being obese. Activities such as yoga, gym, and jogging to fight obesity focus on the metropolitan population. Youngsters are willing to follow a healthier lifestyle and are thus regularly interested in sports and other related events. At the same time, people have begun to understand that sports and exercise practices can help ensure good health and minimize the risk of chronic conditions such as depression, cardiovascular disease, hence, the demand for athletic footwear is higher in these countries. In the coming years, the growing perception of health among consumers is expected to increase this demand further. In addition, e-commerce has streamlined the consumer buying process by making it simpler and more convenient. Compared with developing countries such as India and China, online shopping is more common in developed countries, such as America and Japan. The new retail situation differs from the current scenario owing to the advent of e-commerce, the industry has a tremendous opportunity to make shopping cheaper, easier, and more convenient.

Restrain

Rising availability of counterfeit products

Increased market availability of counterfeit Footwear, unpredictable economic conditions in developed and developing countries around the world, and currency depreciation are some of the key factors that may limit global market development. The previous economic recession had a negative impact on worldwide Athletic Footwear sales. Market limiting variables may be currency volatility and fewer brand outlets in developing regions. In the Athletic Footwear sector, raw materials also play a critical role and their prices have risen dramatically in the past few years.

Athletic Footwear Market: Key Players

Adidas Group

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

Nike, Inc.

Under Armour Inc.

Puma SE

SKECHERS USA

ASICS Corporation

Wolverine World Wide Inc.

VF Corporation

New Balance

FILA

Athletic Footwear Market: Regions

Athletic Footwear Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.

Athletic Footwear Market in North America led the market with a lion share of more than 32.6% in 2019 and the region is projected to continue to lead the market over the forecast period. The U.S. is the main source of revenue for the regional market, which can be due to a high degree of citizens' passion for sports, health, and adventure activities, such as aerobics, hiking, training, and trail running. In addition, over the projected period, led by Latin America, APAC is expected to see the highest growth rate. It is projected that rising levels of disposable income and increasing penetration of e-commerce play a major role in driving Asia Pacific athletic footwear demand. Increasing enthusiasm for participating in various sports activities, including the Asian Games, the ICC Cricket World Cup, and the ACC Asia Cup is supplementing the development of the country.

Competitive Landscape:

The Athletic Footwear market, which is highly competitive, consists of several major players such as Adidas AG; ASICS Corporation; Fila Inc.; Under Armour, Inc. hold a substantial market share in the Athletic Footwear market. Other players analyzed in this report are Lotto Sport Italia S.p.A.; New Balance Athletics, Inc.; Vans; Nike, Inc.; Puma SE; Reebok International; Saucony; Skechers USA, Inc.; and Woodland Worldwide among others.

Athletic Footwear Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Athletic Footwear Market report also contains analysis on:

Athletic Footwear Market Segments:

By Product:

Aerobic Shoes

Running Shoes

Walking Shoes

Trekking & Hiking Shoes

Sports Shoes

By Gender:

Male

Female

Children

By Mode of Sale:

Brick & Mortar

E-commerce

Athletic Footwear Market Dynamics

Athletic Footwear Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

FAQs on Athletic Footwear Market

Which segment is anticipated to hold the largest market share

At what CAGR is the market anticipated to grow between 2020 and 2030

Who are the key players in the Athletic Footwear Market

What could be the challenging factors in the growth of the Athletic Footwear Market

What are the growth drivers for the Athletic Footwear Market

Contents

1. Executive Summary

2. Artificial Intelligence in Retail Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Artificial Intelligence in Retail Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Artificial Intelligence in Retail Market

1. Market Size & forecast, 2019A-2030F

1. By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Artificial Intelligence in Retail: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. By Technology: Market Share (2019-2030F)

1. Natural Language Processing, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Machine Learning and Deep Learning, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. By Solution: Market Share (2019-2030F)

1. Visual Search, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. Virtual Assistant, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. Product Recommendation and Planning, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. Price Optimization, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

5. Customer Relationship Management, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

6. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

4. By Deployment Model: Market Share (2019-2030F)

1. Cloud, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

2. On-Premise, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

3. By Application: Market Share (2019-2030F)

4. In-Store Visual Monitoring and Surveillance, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

5. Market Forecasting, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

6. Predictive Merchandising, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

7. Programmatic Advertising, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

8. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13. Company Profile

1. Amazon Web Services Inc.

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. Style.ai

3. Google LLC

4. Daisy Intelligence

5. IBM Corporation

6. Microsoft Corporation

7. Plexure Ltd

8. Versium Analytics Inc.

9. Findmine Inc.

10. SAP SE

11. Salesforce.com Inc.

12. Conversica Inc.

13. BloomReach Inc.

14. Sentient Technologies Holdings Limited

15. Focal Systems Inc.

16. ViSenze Pte Ltd

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)