The Latin America, Middle East and Africa Athletic Footwear Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).
Athletic footwear is developed for sports, exercise, or recreational activities such as racquetball, running, or aerobic dancing. Athletic shoes include shoes for running, basketball, tennis, and other sports, but they tend to exclude football (soccer) and rugby. The shoes themselves are composed of flexible material and usually have a rubber sole. While the original design was simple, manufacturers have subsequently customized athletic shoes for the various activities in which they can be utilized. Athletic shoes have also been adapted for the casual market, and are particularly popular among teenagers. Athletic footwear, like clothes and equipment, is designed for optimum performance and is regarded part of an athlete's kit. Athletic shoes provide cushioning, stability, flexibility, traction, and durability that are tailored to various sports. The force of impact is reduced through cushioning.
The market is also being driven by raising awareness of the value of fitness and countries' increased participation in sports and activities. A rise in the number of specialty and franchised footwear stores, as well as tie-ups between footwear makers and various retail chains, has boosted the demand for athletic footwear. Various altering trends in various locations would have a favorable impact on the sports footwear industry in the medium term. Moreover, market players are involved in product advancements, such as smart footwear that calculates calories burned, would have an impact on the athletic footwear industry.
Gradually, the purchasing power of the regional population is increasing. Take, for example, the Youth Employment Decade. According to Org, Brazil's unemployment rate was 11.6 percent in 2018, down from 12.5 percent in 2017. Due to the growing development of the urban population, the Middle East is likely to see significant market expansion, resulting in an increase in the number of people participating in a variety of fitness activities. In addition, People are becoming more aware of their health and well-being, particularly in urban areas. According to World Bank.Org, the Middle East and North Africa's urban population increased to 65.679 percent in 2019, up from 65.372 percent the previous year.
Brazil has a well-developed sporting culture. Sports are diverse in nature and are not just widely played and popular among huge sectors of the public.
The Brazil market dominated the LAMEA Athletic Footwear Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,070.9 Million by 2028. The Argentina market is experiencing a CAGR of 6.8% during (2022 - 2028). Additionally, The UAE market would exhibit 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Athletic Footwear Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Athletic Footwear Market, by Type
1.4.2 LAMEA Athletic Footwear Market, by End User
1.4.3 LAMEA 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. LAMEA Athletic Footwear Market by Type
4.1 LAMEA Running Shoes Market by Country
4.2 LAMEA Trekking & Hiking Shoes Market by Country
4.3 LAMEA Sports Shoes Market by Country
4.4 LAMEA Walking Shoes Market by Country
4.5 LAMEA Aerobic Shoes Market by Country
Chapter 5. LAMEA Athletic Footwear Market by End-user
5.1 LAMEA Men Market by Country
5.2 LAMEA Women Market by Country
5.3 LAMEA Children Market by Country
Chapter 6. LAMEA Athletic Footwear Market by Country
6.1 Brazil Athletic Footwear Market
6.1.1 Brazil Athletic Footwear Market by Type
6.1.2 Brazil Athletic Footwear Market by End-user
6.2 Argentina Athletic Footwear Market
6.2.1 Argentina Athletic Footwear Market by Type
6.2.2 Argentina Athletic Footwear Market by End-user
6.3 UAE Athletic Footwear Market
6.3.1 UAE Athletic Footwear Market by Type
6.3.2 UAE Athletic Footwear Market by End-user
6.4 Saudi Arabia Athletic Footwear Market
6.4.1 Saudi Arabia Athletic Footwear Market by Type
6.4.2 Saudi Arabia Athletic Footwear Market by End-user
6.5 South Africa Athletic Footwear Market
6.5.1 South Africa Athletic Footwear Market by Type
6.5.2 South Africa Athletic Footwear Market by End-user
6.6 Nigeria Athletic Footwear Market
6.6.1 Nigeria Athletic Footwear Market by Type
6.6.2 Nigeria Athletic Footwear Market by End-user
6.7 Rest of LAMEA Athletic Footwear Market
6.7.1 Rest of LAMEA Athletic Footwear Market by Type
6.7.2 Rest of LAMEA 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 LAMEA Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 7 LAMEA Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 8 LAMEA Running Shoes Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Running Shoes Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Trekking & Hiking Shoes Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Trekking & Hiking Shoes Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Sports Shoes Market by Country, 2018 - 2021, USD Million
TABLE 13 LAMEA Sports Shoes Market by Country, 2022 - 2028, USD Million
TABLE 14 LAMEA Walking Shoes Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Walking Shoes Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Aerobic Shoes Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Aerobic Shoes Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 19 LAMEA Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 20 LAMEA Men Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Men Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Women Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA Women Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Children Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Children Market by Country, 2022 - 2028, USD Million
TABLE 26 LAMEA Athletic Footwear Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA Athletic Footwear Market by Country, 2022 - 2028, USD Million
TABLE 28 Brazil Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 29 Brazil Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 30 Brazil Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 31 Brazil Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 32 Brazil Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 33 Brazil Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 34 Argentina Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 35 Argentina Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 36 Argentina Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 37 Argentina Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 38 Argentina Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 39 Argentina Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 40 UAE Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 41 UAE Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 42 UAE Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 43 UAE Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 44 UAE Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 45 UAE Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 46 Saudi Arabia Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 47 Saudi Arabia Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 48 Saudi Arabia Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 49 Saudi Arabia Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 50 Saudi Arabia Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 51 Saudi Arabia Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 52 South Africa Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 53 South Africa Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 54 South Africa Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 55 South Africa Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 56 South Africa Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 57 South Africa Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 58 Nigeria Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 59 Nigeria Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 60 Nigeria Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 61 Nigeria Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 62 Nigeria Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 63 Nigeria Athletic Footwear Market by End-user, 2022 - 2028, USD Million
TABLE 64 Rest of LAMEA Athletic Footwear Market, 2018 - 2021, USD Million
TABLE 65 Rest of LAMEA Athletic Footwear Market, 2022 - 2028, USD Million
TABLE 66 Rest of LAMEA Athletic Footwear Market by Type, 2018 - 2021, USD Million
TABLE 67 Rest of LAMEA Athletic Footwear Market by Type, 2022 - 2028, USD Million
TABLE 68 Rest of LAMEA Athletic Footwear Market by End-user, 2018 - 2021, USD Million
TABLE 69 Rest of LAMEA 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.