Global Sports Footwear Market To Reach $ 95.7 Billion By 2026
FACTS AT A GLANCE
Editing: 7; Posted: April 2021
Executive pool: 776
Companies: 55 – Players covered include Adidas AG; ASICS Company; Fila Inc .; Lotto Sport Italia SpA; New Balance Athletics, Inc .; Nike, Inc .; Puma SE; Reebok International Ltd. ; Saucony, LLC; Skechers United States, Inc. and others.
Blanket: All major geographies and key segments
Segments: Category (Running shoes, Sports shoes, Walking shoes, Aerobic shoes, Trekking and hiking shoes); Gender (Men, Women, Children); Retail channel (offline, online)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Sports Footwear Market To Reach $ 95.7 billion by 2026
Amid COVID-19 crisis, global athletic footwear market is estimated at US $ 71.8 billion in 2020, is expected to reach a revised size of US $ 95.7 billion by 2026, with a CAGR of 4.9% over the analysis period. Running shoes, one of the segments analyzed in the report, is expected to register a CAGR of 4.5% and reach 38.4 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the athletic footwear segment is readjusted to a revised CAGR of 5.3% for the next 7 year period.
The US market is estimated at $ 20.1 billion in 2021, when China is expected to reach $ 19.5 billion by 2026
The athletic footwear market in the United States is estimated at US $ 20.1 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 19.5 billion by 2026, with a CAGR of 7.8% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 2.8% and 3.9% respectively over the period of analysis. In Europe, Germany is expected to grow by around 3.5% CAGR.
Walking shoe segment to reach US $ 14.3 billion by 2026
In the global walking shoe segment, United States, Canada, Japan, China and Europe will lead to the estimated 4.6% CAGR for this segment. These regional markets representing a combined market size of US $ 8.1 billion in 2020 will reach a projected size of US $ 11.1 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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