Europe Athletic Footwear Market Size, Share & Industry Trends Analysis Report By Type (Running Shoes, Trekking & Hiking Shoes, Sports Shoes, Walking Shoes), By End User, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Athletic Footwear Market would witness market growth of 4.3% CAGR during the forecast period (2022-2028).
Increasing customer awareness of the health advantages of sports and fitness activities, a thriving retail e-commerce industry around the world, and increased levels of disposable income are expected to be the main drivers of the market. In addition, young people are becoming more interested in leading a healthy lifestyle and are participating in sports and other related activities. Simultaneously, individuals have begun to recognize that sports and fitness activities can aid in maintaining good health and lowering the risk of chronic diseases such as depression, cardiovascular disease, and diabetes.
The sports footwear industry grew as a result of increased sales through online channels, innovative product releases, and appealing marketing and promotional techniques used by companies. The market is fiercely competitive, with firms pouring money into marketing channels and brand development. This draws attention to their presence and helps to create their brand value in order to attract a larger number of customers. Athletes' footwear titans face stiff competition from a slew of small-scale manufacturers. However, growing environmental concerns about synthetic rubber, as well as rising raw material prices, have emerged as critical barriers to the expansion of the sports footwear industry.
The European region is characterized by the presence of stunning mountain sites like Poland's Eye of the Sea, Italy's Dolomites, Switzerland's Stanserhorn, and others. The majority of these locations have been conserved for hiking reasons, and they play an important part in the product's rising popularity. Moreover, the region hosting the Hiking World Championship, which attracts hikers from all over the world, contributes to market growth. In September 2018, for example, the Hiking World Championships were held in Austria's Wildschönau valley. Each participant who completes three routes receives a certificate in this competition.
Textiles are offered in a wide range of colors and styles in Europe. Different fibers, deniers (or fabric weight), weaves, and knits are all conceivable differences in textiles. Textile shoes have the advantage of being versatile in terms of styles and designs.
The Germany market dominated the Europe Athletic Footwear Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10,417.7 Million by 2028. The UK market is estimated to grow at a CAGR of 3.4% during (2022 - 2028). Additionally, The France market would witness a CAGR of 5% during (2022 - 2028).
Based on Type, the market is segmented into Running Shoes, Trekking & Hiking Shoes, Sports Shoes, Walking Shoes, and Aerobic Shoes. Based on End User, the market is segmented into Men, Women, and Children. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Athletic Footwear Market Size will Hit $171.9 Billion by 2028, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Adidas AG, ASICS Corporation, FILA Holdings Corporation, Under Armour, Inc., Nike, Inc., PUMA SE, VF Corporation, Lotto Sport Italia Spa, and New Balance Athletics, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Running Shoes
- Trekking & Hiking Shoes
- Sports Shoes
- Walking Shoes
- Aerobic Shoes
By End User
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Adidas AG
- ASICS Corporation
- FILA Holdings Corporation
- Under Armour, Inc.
- Nike, Inc.
- PUMA SE
- VF Corporation
- Lotto Sport Italia Spa
- New Balance Athletics, Inc.
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