Published By : 25 Oct 2016 | Published By : QYRESEARCH
The global athletic footwear market is expected witness a significant growth rate in the coming few years. Analysts anticipate that the growth will be attributable to the rising number of people opting for exercising to live healthier lives. Thus, the changing lifestyles and rising awareness about the advantages of wearing the correct footwear while engaging in fitness activities is expected to boost the global market in the coming few years.
Shoe Inserts to be Preferred Products in Coming Years
Out of the various products available in the global athletic footwear market, shoe inserts are held a dominant stance in the global market as of 2011. In the same year, the shoe inserts segment held a share of 36% in the overall market. The other types of athletic footwear is designed for sports training, hiking, backpacking, and other consumer groups.
E-Commerce Opens Up New Growth Avenues for Global Athletic Footwear Market
The rise if e-commerce is also anticipated to play a key role in the augment demand for athletic footwear. The availability of such footwear online has increased the number of buyers by leaps and bounds over the past few years. Analysts predict that emergence of young buyers with sufficient disposable incomes will encourage the growth of the market in the next few years.
Geographically, the global athletic footwear market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Of these, Asia Pacific is anticipated to witness the highest growth rate in the coming years due to a huge population base with a significant purchasing power. Additionally, presence of large companies in the region and the strengthening economies of developing countries of Asia Pacific are also expected to the market in the coming years.