Report Ocean has recently published the “Athletic Equipment and Footwear Market“ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
Athletic Equipment and Footwear Market is expected to experience a promising annual revenue increase (USD in Mn) in 2021. A comprehensive overview and precise insights into possible future scenarios for the worldwide market are provided in this study. Sports footwear are sporting goods that are majorly worn while performing sporting and recreational activities or during workout sessions. Athletic footwear include walking/running shoes, sneakers, cross-training/fitness shoes/aerobic shoes, hiking shoes/boots, basketballs shoes, sports sandals, tennis shoes, boat/deck shoes, hunting shoes, baseball shoes, skateboarding shoes, golf shoes, soccer shoes, cheerleading shoes, cycling shoes, water sports shoes, bowling shoes, track shoes, volleyball shoes, and wrestling shoes. They are easily available in the market through various distribution channels, including franchise store, online stores, supermarkets/hypermarket, and specialty stores.
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In addition, sports and equipment such as archery, backpacks, badminton sets, baseball, basketballs, bicycle, billiards/pool cue sticks, binoculars, bowling, exercise, eyewear sunglasses, fishing, footballs, golf, sport protective helmets, ice hockey, inline skates, lacrosse sticks, paintball guns, racquets, scooters, and skateboards are considered for global analysis. Increase in health awareness and rise in need for active, healthy lifestyle across the world are the key drivers of the athletic equipment and footwear market. Sedentary lifestyle and changes in eating habits have led to increased health risks. Therefore, increase in awareness toward regular physical activities to maintain healthy lifestyle has boosted the growth of the athletic equipment and footwear market.
Furthermore, increase in participation in sports activities positively impacts the market growth. Participant number is on a rise in various sports worldwide. As per AMR analysis, the participation in sports for children aged above six has experienced a rapid rise over the past few years in the U.S. Participation in outdoor and racquet sports has remained consistent; however, participation in team sports, water sports, and other fitness sports have shown a consistent increase in the last few years.
The recent outbreak of COVID-19 has caused a perilous impact on the global economy and businesses; however, fitness equipment for home have witnessed significant surge in demand. According to Allied Market Research consumer survey analysis, due to the outbreak of the global health crisis, two out of three customers are unlikely to return to the fitness centers until its vaccine is available in market. Furthermore, two in five consumers are likely to use online services for purchasing fitness-related commodities. Furthermore, restrictions have been imposed on movement to maintain social distancing, which has resulted in consumer transition toward online delivery of products. As a result, fitness products market for home is booming. Engaged stakeholders in the industry are now bracing themselves for the post COVID-19 world by strengthening their supply chains and logistics to mitigate dependence in on single country and diversifying their existing networks.
Key Market Players
– Adidas AG
– Asics Corporation
– Brooks Running Company
– Fila Holding Corporation
– Li Ning Company Limited
– New Balance, Inc.
– Nike, Inc.
– Puma SE
– Skechers USA, Inc
– Under Armour, Inc
Athletic Equipment and Footwear Market Segments
By Type
– Equipment
– Footwear
By Region
– USA
– Outside USA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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