Albany, NY -- (SBWIRE) -- 04/10/2014 -- According to a new market report published by Transparency Market Research, "Athletic Footwear Market - Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012 - 2018," the global athletic footwear market was worth USD 74.7 billion in 2011 and is expected to reach USD 84.4 billion in 2018, growing at a CAGR of 1.8% from 2011 to 2018.
Asia Pacific is leading the athletic footwear market with maximum share and is expected to enjoy a 41.6% share of the market in 2018, closely followed by Europe. The North America market is growing at a relatively slower rate, due to high labor cost, raw material cost and strong competition.
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Factors driving the global athletic footwear market include growing awareness about healthy and active lifestyles, rising demand for comfortable footwear, rising demand for innovative footwear designs and technology, growing population and rising disposable income levels. The market is projected to grow at a CAGR of 1.8% from 2011 to 2018, and is expected to reach USD 84.4 billion in 2018.
The shoe insert market, the largest segment, holds 36% market share of the athletic footwear market and is expected to grow at a CAGR of 1.7%. The sports footwear market is expected to grow at the fastest CAGR of 2.1% till 2018 and holds 35% market share of the athletic footwear market. The hiking shoes segment holds 19% market share and backpacking boots 9% market share of the athletic footwear market.
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Footwear Market: http://www.transparencymarketresearch.com/footwear-market.html
This report is an effort to identify factors, which will be the driving force behind the athletic footwear market and sub-markets in the next few years. The report provides extensive analysis of the industry, current market trends, industry drivers and challenges for better understanding of the market structure. The report has segregated the athletic footwear industry in terms of product and geography. We have used a combination of primary and secondary research to arrive at the market estimates, market shares and trends. We have adopted bottom up model to derive market size of the global athletic footwear market and further validated numbers with the key market participants and C-level executives.
This research is specially designed to estimate and analyze the demand and performance of athletic footwear products in a global scenario. The research provides in-depth analysis of athletic footwear products manufacturers, product sales, trend analysis by segments and demand by geography. The report covers all the major product segments of the global athletic footwear product market and provides historical data and statistically refined forecast for the segments covered.
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