Athletic Equipment and Footwear Market to Reach $323.4 Bn, Globally, by 2025 at 8.6% CAGR: Allied Market Research

Sportswear and footwear have experienced upgradations in their features over the years; This factor drives the growth of the global…

Sportswear and footwear have experienced upgradations in their features over the years; This factor drives the growth of the global athletic equipment and footwear market

PORTLAND, Ore., May 5, 2021 /PRNewswire/ — Allied Market Research published a report, titled, “Athletic Equipment and Footwear Market by Type (Equipment and Footwear): Global Opportunity Analysis and Industry Forecast, 2021–2025.” According to the report, the global athletic equipment and footwear industry was estimated at $224.7 billion in 2018, and is expected to hit $323.4 billion by 2025, registering a CAGR of 8.6% from 2021 to 2025.

Allied Market Research Logo

Drivers, restraints, and opportunities-

Sportswear and footwear have experienced upgradations in their features over the years. This factor drives the growth of the global athletic equipment and footwear market. On the other hand, the availability of counterfeit products restrains the growth to some extent. However, easy availability of such products on online portals and increase in accessibility & convenience of purchasing these products through the internet have paved a way for lucrative opportunities in the industry.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/11523

Covid-19 scenario-

  • The extended lockdowns, distorted supply chain, disrupted manufacturing activities, lack of raw materials, and several travel restrictions across the globe impacted the global athletic equipment and footwear market negatively.
  • However, the global market is expected to revive soon with relaxations on the current rules & regulations and with the rollout of mass vaccination programs.

The equipment segment to retain its dominance by 2025-

Based on type, the equipment segment contributed to more than half of the global athletic equipment and footwear market share in 2018, and is anticipated to lead the trail by the end of 2025. The same segment would also grow at the fastest CAGR of 9.1% throughout the forecast period. This is due to widespread technological advancements, increased demand from the millennial, and extensive advertisements and promotions for the sport products across the world.

The outside USA segment had the major share in 2018-

Based on region, the market across outside USA held the major share in 2018, generating nearly three-fourths of the global athletic equipment and footwear market. The same region would also portray the fastest CAGR of 9.5% from 2021 to 2025. This is attributed to rapid urbanization, expansion of the sports industry, and technological advancements in the region.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/11523

Frontrunners in the industry-

  • Asics Corporation
  • Brooks Running Company
  • Fila Holding Corporation
  • Li Ning Company Limited
  • Adidas AG
  • New Balance, Inc.
  • Puma Se
  • Skechers USA, Inc.
  • Under Armour, Inc.
  • Callaway
  • Yonex Co., Ltd.
  • Mizuno Corporation
  • Precor, Inc.
  • Samsonite
  • Nautilus International, Inc.
  • Cybex International, Inc.
  • Nike, Inc.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Fantasy Sports Market: Global Opportunity Analysis and Industry Forecast 2021–2027

Home Exercise Bike Market: Global Opportunity Analysis and Industry Forecast 2021–2027

Fitness Equipment Market: Global Opportunity Analysis and Industry Forecast 2020–2027

Asia-Pacific Athletic Sportswear and Footwear Market: Global Opportunity Analysis and Industry Forecast 2021–2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1(855)550-5975

help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research