The Asia Pacific Athletic Footwear Market would witness market growth of 5.3% CAGR during the forecast period (2022-2028).
The athletic footwear industry's expansion is being stifled by growing environmental concerns. The government's and environmental groups' proactive initiatives to combat pollution function as a market restraint. The industry is one of the primary sources of pollution in rivers and the environment. Puma, along with other sportswear brands such as Nike and Adidas, was dubbed "Dirty Laundry" in a report by the environmental organization Greenpeace. According to the research, Puma collaborated with Chinese suppliers who contributed to the contamination of the Yangtze and Pearl rivers.
The rise of the sports sector and industries that rely on it is aided by a shift in the educational paradigm. Furthermore, a surge in sports education and sports training in academics has resulted in a large increase in public awareness of sports and fitness. As a result, many schools and educational institutions provide students with training and opportunities to compete in different sports tournaments. Moreover, the expansion of the athletic footwear market is fuelled by a busy and hectic lifestyle, as well as an increasing number of consumers selecting outdoor activities like adventure sports to unwind or break the monotony of their everyday lives. Also, government initiatives in countries such as India and Australia to encourage sports, health, and fitness have resulted in greater awareness of sports and sports-related products like sports shoes, running & walking shoes, and tracksuits, which promotes market growth.
The key trends of the regional market are the large population base and lower average selling price of sports footwear when compared to established economies like the United Kingdom and the United States. Moreover, factors like high citizens' interest in sports, fitness, and adventure activities like aerobics, hiking, training, and trail running are acting as the growth catalysts for the regional market.
Rising consumer spending is backed by robust economic growth and more disposable income would impact the market in the region. According to data released by the World Bank, East Asia and the Pacific's GDP per capita income increased to 26.925 trillion in 2019, up from 26.351 trillion in 2018. Furthermore, the robust growth of numerous sports sectors, such as cricket, football, basketball, and others, would assist generate traction by encouraging more people to participate in sports as a hobby or a vocation. According to the Hindu Business Line, the brand value of India's main cricket competition, the Indian Premier League, increased by 7% in September 2019.
The China market dominated the Asia Pacific Athletic Footwear Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17,855.6 Million by 2028. The Japan market is anticipated to grow at a CAGR of 4.6% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 5.9% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Athletic Footwear Market is Projected to reach USD 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:
By Type
- Running Shoes
- Trekking & Hiking Shoes
- Sports Shoes
- Walking Shoes
- Aerobic Shoes
By End User
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Athletic Footwear Market, by Type
1.4.2 Asia Pacific Athletic Footwear Market, by End User
1.4.3 Asia Pacific Athletic Footwear Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.1 Market Share Analysis, 2020
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.2.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Jan – 2022, Feb) Leading Players
Chapter 4. Asia Pacific Athletic Footwear Market by Type
4.1 Asia Pacific Running Shoes Market by Country
4.2 Asia Pacific Trekking & Hiking Shoes Market by Country
4.3 Asia Pacific Sports Shoes Market by Country
4.4 Asia Pacific Walking Shoes Market by Country
4.5 Asia Pacific Aerobic Shoes Market by Country
Chapter 5. Asia Pacific Athletic Footwear Market by End-user
5.1 Asia Pacific Men Market by Country
5.2 Asia Pacific Women Market by Country
5.3 Asia Pacific Children Market by Country
Chapter 6. Asia Pacific Athletic Footwear Market by Country
6.1 China Athletic Footwear Market
6.1.1 China Athletic Footwear Market by Type
6.1.2 China Athletic Footwear Market by End-user
6.2 Japan Athletic Footwear Market
6.2.1 Japan Athletic Footwear Market by Type
6.2.2 Japan Athletic Footwear Market by End-user
6.3 India Athletic Footwear Market
6.3.1 India Athletic Footwear Market by Type
6.3.2 India Athletic Footwear Market by End-user
6.4 South Korea Athletic Footwear Market
6.4.1 South Korea Athletic Footwear Market by Type
6.4.2 South Korea Athletic Footwear Market by End-user
6.5 Singapore Athletic Footwear Market
6.5.1 Singapore Athletic Footwear Market by Type
6.5.2 Singapore Athletic Footwear Market by End-user
6.6 Malaysia Athletic Footwear Market
6.6.1 Malaysia Athletic Footwear Market by Type
6.6.2 Malaysia Athletic Footwear Market by End-user
6.7 Rest of Asia Pacific Athletic Footwear Market
6.7.1 Rest of Asia Pacific Athletic Footwear Market by Type
6.7.2 Rest of Asia Pacific Athletic Footwear Market by End-user
Chapter 7. Company Profiles
7.1 Adidas AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.2 ASICS Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Product Launches and Product Expansions:
7.3 FILA Holdings Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.4 Under Armour, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Product Launches AND Product Expansions:
7.5 Nike, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Acquisitions and Mergers:
7.5.4.2 Product Launches and Product Expansions:
7.6 PUMA SE
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.7 VF Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Recent strategies and developments:
7.7.4.1 Product Launches and Product Expansions:
7.8 Lotto Sport Italia Spa
7.8.1 Company Overview
7.9 New Balance Athletics, Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Asia Pacific Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Athletic Footwear Market
TABLE 4 Product Launches And Product Expansions– Athletic Footwear Market
TABLE 5 Acquisition and Mergers– Athletic Footwear Market
TABLE 6 Asia Pacific Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Running Shoes Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Running Shoes Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Trekking & Hiking Shoes Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Trekking & Hiking Shoes Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Sports Shoes Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Sports Shoes Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Walking Shoes Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Walking Shoes Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Aerobic Shoes Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Aerobic Shoes Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Men Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Men Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Women Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Women Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Children Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Children Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Athletic Footwear Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Athletic Footwear Market by Country, 2022 - 2028, USD Million
TABLE 28 China Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 29 China Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 30 China Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 31 China Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 32 China Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 33 China Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 34 Japan Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 35 Japan Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 36 Japan Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 37 Japan Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 38 Japan Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 39 Japan Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 40 India Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 41 India Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 42 India Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 43 India Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 44 India Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 45 India Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 46 South Korea Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 47 South Korea Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 48 South Korea Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 49 South Korea Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 50 South Korea Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 51 South Korea Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 52 Singapore Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 53 Singapore Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 54 Singapore Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 55 Singapore Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 56 Singapore Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 57 Singapore Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 58 Malaysia Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 59 Malaysia Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 60 Malaysia Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 61 Malaysia Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 62 Malaysia Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 63 Malaysia Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 64 Rest of Asia Pacific Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 65 Rest of Asia Pacific Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 66 Rest of Asia Pacific Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 67 Rest of Asia Pacific Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 68 Rest of Asia Pacific Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 69 Rest of Asia Pacific Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 70 key information – Adidas AG
TABLE 71 Key Information – ASICS Corporation
TABLE 72 Key Information – FILA Holdings Corporation
TABLE 73 Key Information –Under Armour, Inc.
TABLE 74 Key Information – Nike, Inc.
TABLE 75 Key information – PUMA SE
TABLE 76 key information – VF Corporation
TABLE 77 Key Information – Lotto Sport Italia Spa
TABLE 78 Key Information – New Balance Athletics, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2020
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Product Launches and Product Expansions : 2018, Jan – 2022, Feb) Leading Players
FIG 6 Recent strategies and developments: Adidas AG
FIG 7 Recent strategies and developments: Nike, Inc.