Sports Footwear Market: Global Industry Analysis and Forecast (2024-2030)

The Global Sports Footwear Market size was valued at USD 179.5 billion in 2023 and the total Sports Footwear Market revenue is expected to grow at a CAGR of 4.7% from 2024 to 2030, reaching nearly USD 247.57 Billion by 2030.
Sports Footwear Market Overview
The footwear industry has been steadily developing over the past few years, driven by increasing demand for luxurious, stylish, and comfortable footwear across all age groups. The global footwear market is segmented by the type of footwear, end-users, sales platforms, materials used, and sales across various geographies. Asian countries like China and India are major exporters of footwear, with a particular demand for vulcanized rubber sole sneakers that are lightweight and of good quality. There is also a demand for sports shoes such as hockey, football, and cricket boots due to the popularity of these sports worldwide. Therefore, there is a significant requirement for sports shoes in every region. Besides, the competitive pricing of such products from these countries is excellent, which is encouraging shoe units to manufacture various types of sports shoes to meet the increasing demand.

With the latest advances in technology and the emergence of new technologies offering greater versatility, parts of the footwear sector are transitioning towards automation and Industry 4.0. This transition is facilitated by technologies such as artificial intelligence, machine learning, and robotics, which are being used to enhance production processes, improve efficiency, and reduce costs. The integration of these technologies is expected to further drive growth in the sports footwear market and the footwear industry as a whole.

In North America, the footwear industry is experiencing steady growth, driven by factors such as changing consumer lifestyles, increasing disposable incomes, and a growing preference for athleisure footwear. The region has a strong presence of major sports footwear manufacturers such as Nike, Adidas, and New Balance, which continuously introduce innovative products to cater to evolving consumer demands. Additionally, the rise of e-commerce has significantly impacted the footwear market in North America, providing consumers with a convenient way to purchase footwear online. The market is also witnessing a shift towards sustainability, with consumers showing a growing interest in eco-friendly and ethically produced footwear. Overall, North America remains a key market for sports footwear, with a focus on innovation, sustainability, and meeting consumer preferences driving market growth.To know about the Research Methodology :- Request Free Sample Report
Dynamic Growth of the Sports Footwear Market
Rising participation in sports by kids and teenagers boosting market growth

The growing participation of kids and teenagers in sports activities serves as a potent driver driving the growth of the sports footwear market. With a surge in interest and involvement in various sports disciplines among the younger demographic, the demand for specialized footwear tailored to different athletic pursuits has escalated significantly. This trend not only translates into heightened market revenue but also contributes to enhanced profit margins for industry players. As more youngsters engage in sports, the need for durable, supportive, and performance-enhancing footwear becomes imperative, fostering innovation and competition within the market landscape. Consequently, manufacturers are strategically capitalizing on this trend by introducing a diverse range of footwear options designed to cater to the specific requirements of different sports, thereby expanding their customer base and augmenting overall market growth.

 
• MARCH 14, 2023, Athletic footwear brands are expanding into kids’ shoes.
Growing E-Commerce Retail Market
The growth of the e-commerce industry business has resulted in significant changes in customer purchasing and the shift of business from the physical store to the online store. The exponential expansion of the e-commerce retail market has catalyzed profound transformations in consumer purchasing behavior, leading to a notable migration of business operations from brick-and-mortar establishments to online platforms. This paradigm shift has ushered in a countless of opportunities and challenges for businesses across various industries. With the ease of access and convenience offered by online shopping, consumers are increasingly inclined towards digital avenues for their purchases, resulting in a surge in sales volume for e-commerce retailers. Moreover, the streamlined nature of online operations often translates into lower overhead costs compared to maintaining physical storefronts, thereby potentially enhancing profitability. However, this transition also entails adjustments in marketing strategies, supply chain logistics, and customer service infrastructure to effectively capitalize on the burgeoning e-commerce landscape while managing the evolving cost of production to maintain competitive pricing amidst the dynamic market environment.Presence of Counterfeit Products

The prevalence of counterfeit products poses a significant restraint to the sports footwear market, undermining consumer trust and brand reputation while impeding legitimate businesses' growth. Counterfeit sports footwear not only compromises the quality and performance standards expected by consumers but also creates unfair competition for authentic manufacturers. The proliferation of counterfeit goods in the market not only diminishes the perceived value of genuine products but also poses potential safety risks to consumers. Furthermore, combating counterfeit products requires substantial investment in anti-counterfeiting measures, such as advanced authentication technologies and legal enforcement, thereby escalating operational costs for legitimate businesses. Consequently, the presence of counterfeit products undermines market integrity, hampers revenue potential, and necessitates continuous efforts to safeguard intellectual property rights and maintain consumer confidence within the sports footwear industry.
Market Trends of the Global Sports Footwear Market
Technology Advancement

In the dynamic realm of the global sports footwear market, technology advancements are driving significant changes. Collaborative robotics, for instance, is revolutionizing manufacturing processes by integrating robots into production lines alongside human workers. These robots work collaboratively with human operators, enhancing efficiency, productivity, and safety in footwear manufacturing. Moreover, augmented reality (AR) is transforming the retail experience by enabling customers to virtually try on shoes before making a purchase, enhancing convenience and reducing the likelihood of returns. Furthermore, 3D printing technology is facilitating customization and rapid prototyping, allowing brands to create bespoke footwear tailored to individual preferences and biomechanics. These technological advancements not only streamline production processes but also elevate the consumer experience, driving innovation and competitiveness in the global sports footwear market.

 
• Adidas is leveraging collaborative robotics in its Speedfactory facilities to automate certain manufacturing processes while maintaining a human touch in craftsmanship.
• Nike's SNKRS app utilizes augmented reality technology, allowing users to virtually try on limited-edition sneakers before purchasing.
• Under Armour has embraced 3D printing to create custom midsoles for its HOVR line of running shoes, offering personalized cushioning and support for athletes.
Consumer Trends

In the sports footwear industry, a prominent consumer trend driving market growth is the increasing demand for versatile and multi-functional footwear. Consumers today seek sports shoes that not only excel in performance on the field but also seamlessly transition into everyday wear. This shift towards athleisure footwear reflects a desire for comfort, style, and functionality, blurring the lines between sports and fashion. Brands responding to this trend are introducing innovative designs that combine athletic performance features with trendy aesthetics, catering to the evolving preferences of consumers. By tapping into this consumer trend, the sports footwear industry continues to experience significant market growth, as brands capitalize on the demand for versatile footwear options that effortlessly complement both active and casual lifestyles.
Sports Footwear Market Segment Analysis
Based on Footwear Type, the dominance of the non-athletics segment in the sports footwear industry signifies a prominent shift in consumer preferences and market dynamics. While athletics footwear remains integral for performance-driven activities, the non-athletics segment encompasses a diverse range of lifestyle and fashion-oriented footwear that caters to broader consumer demographics. This segment includes casual sneakers, lifestyle runners, and fashion-forward designs that resonate with consumers seeking both style and comfort in their everyday footwear choices. Factors such as the rise of athleisure culture, urbanization, and changing fashion trends have driven the growth of the non-athletics segment, eclipsing the traditional dominance of athletics footwear in the market. As a result, manufacturers and retailers are increasingly focusing on expanding their offerings within the non-athletics category, capitalizing on the growing demand for versatile and trendsetting sports-inspired footwear.

Based on End User, the men's segment owns the highest footwear market share and is estimated to exhibit a CAGR of 3.9% during the forecast period. Men’s sports footwear accounts for a substantial portion of total sales and profitability for many manufacturers and retailers the inclination of men toward outdoor activities has been boosting the demand for men's footwear. Sports like golf, cricket, hockey, and hiking have always been popular among men. Hence, product launches catering to specific sports categories will help boost the men's footwear market growth. In addition, multifunctional products remain relevant for the men's footwear market. Brands should focus on footwear that merges active and leisurewear attributes. The desire to reconnect with the outdoors continues to influence footwear ranges. Therefore, manufacturers are incorporating performance or outdoors-inspired features and retaining a fashion-driven aesthetic that works well for city pursuits.

Several companies wholly dedicate their product lines to women, such as Rothy's, Nisolo, and ABLE. These provide a wide range of products like sandals, wedges, boots, heels, loafers, slip-ons, and sneakers. Women in developed countries, such as the U.S., tend to spend on sustainability because of the growing awareness of eco-friendly products and the rising number of women in the workforce.
Sports Footwear Market Regional Insights
The Asia Pacific region dominating the Sports Footwear Market with the highest share in 2023, owing to its robust growth, primarily fueled by increasing disposable incomes, rapid urbanization, and evolving consumer preferences. Among the various segments, athletic and casual footwear are the dominant categories, with a noticeable uptick in demand for sustainable and technologically advanced products. E-commerce platforms have emerged as crucial distribution channels, enhancing market accessibility. However, the market is characterized by intense competition, prompting companies to emphasize innovation and form strategic partnerships to stay competitive.

In terms of import-export dynamics, the region witnesses a significant flow of footwear products, contributing to the market's vibrancy. India exports most of its Sport’s shoes to United States, Belgium and Germany. Companies strategically engage in import-export activities to leverage cost efficiencies and tap into new markets, enhancing their profitability. The market's revenue continues to grow, driven by the aforementioned factors and the overall economic growth of the region.

 
• For example, companies like Nike, Adidas, and Puma have established a strong presence in the Asia Pacific region, leveraging their brand reputation and innovative product offerings. These companies have also strategically expanded their manufacturing and distribution networks in the region, further driving their profitability and market share.
• The top 3 exporters of Sports shoes are Vietnam with 1,471,097 shipments followed by China with 369,142 and Indonesia at the 3rd spot with 135,461 shipments.
• Apache Footwear Ltd Co made 27,534 import and 7,976 export shipments.
• Sega International Limited made 133 import shipments.
• Marks Spencer Plc made 336,135 import and 157,684 export shipments
Europe is considered a mature market in the sports footwear industry, characterized by a high level of market saturation and intense competition. Despite this maturity, the region continues to be a significant player in the global sports footwear market, driven by strong consumer demand for innovative and fashionable sports footwear products. Key players in the European sports footwear market include Adidas AG, Nike, Inc., and Puma SE, all of which have a strong presence and brand recognition in the region. These companies often leverage their established market positions to introduce new products and technologies, maintaining their competitiveness in the market. Also, the rise of e-commerce has provided new growth opportunities for companies in Europe to expand their reach and increase sales in the sports footwear market.

 
• United Arab Emirates Sports shoes Buyers & importers directory, there are 548 active Sports shoes Importers in United Arab Emirates Importing from 507 Suppliers.
• FENG TAY ENTERPRISES CO LTD accounted for maximum import market share with 1,479 shipments followed by ADIDAS EMERGING MARKET FZE 848016 with 1,106 and APACHE FOOTWEAR LTD CO was at the 3rd spot with 788 shipments.
• United Kingdom Sports shoes Buyers & importers directory, there are 501 active Sports shoes Importers in United Kingdom Importing from 394 Suppliers.
• HOLD GOLD TRADING COMPANY LIMITED accounted for maximum import market share with 11,222 shipments followed by FENG TAY ENTERPRISES CO LTD with 7,862 and FEET BIT INTERNATIONAL COMPANY LIMITED was at the 3rd spot with 1,772 shipments.
• Khatri Sports Ltd made 322 import shipment

Sports Footwear Market Competitive Landscapes
The sports footwear market is highly competitive, characterized by the presence of several major players vying for market share. Key players such as Nike, Adidas, Puma, and New Balance compete fiercely through product innovation, brand promotion, and strategic partnerships. These companies often invest heavily in research and development to introduce new technologies and designs, catering to evolving consumer preferences. Additionally, the market is witnessing increasing competition from emerging players and private labels, further intensifying the competitive landscape. To stay ahead, companies focus on enhancing their product portfolios, expanding their distribution networks, and strengthening their brand image, thereby ensuring their competitiveness in the dynamic sports footwear market.

 
• October 2023- The Swiss footwear brand on partnered with the Spanish fashion house Loewe for additional stylish collaboration. The new Cloudtilt footwear is marketed as a "lifestyle shoe" that combines the Swiss engineering of on with the luxury design of the fashion brand.
• October 2023- Skechers collaborated with Spanish artist Ricardo Cavolo for the second installment of its Visual Artist Series, announced in a press release. The collaboration debuted a footwear capsule for women that features the illustrator's glowing heart and eye imagery on a curated selection of styles and comfort-enhancing technologies.
• On 15th April 2024, Nike is partnering with Nala Track Club, providing support for the female-only club in Kenya founded by elite distance runner and Nike athlete, Mary Ngugi.
• In November 2021, the transformational, connected relationship between DICK'S Sporting Goods and NIKE, Inc. is intended to improve the shopping experience for DICK'S and NIKE customers. Through this groundbreaking partnership, DICK'S and NIKE will be able to connect with more customers and give them access to special goods, services, and promotions.
• ADIDAS INTERNATIONAL TRADING AG accounted for maximum import market share with 85,895 shipments followed by FENG TAY ENTERPRISES CO LTD with 59,495 and FEET BIT INTERNATIONAL COMPANY LIMITED was at the 3rd spot with 17,368 shipments.
• Feng Tay Enterprises Co Ltd made 477,376 import shipments, it's top 3 sourcing countries are Vietnam, India and Indonesia.

Sports Footwear Market Scope: Inquiry Before Buying



Sports Footwear Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 179.5 Bn.


Forecast Period 2024 to 2030 CAGR:
4.7%
Market Size in 2030:
US $ 247.57 Bn.


 Segments Covered:
by Footwear Type
Athletics
Non- Athletics


by End User
Men
Women
Kids


by Distribution Channel
Online
Offline



Sports Footwear Market by Region:
North America (United States, Canada, and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Sports Footwear Market Key Players:
North America:
1. Nike, Inc. - United States
2. New Balance Athletics, Inc. - United States
3. Skechers USA, Inc. - United States
4. Under Armour, Inc. - United States
5. Puma SE - United States
6. Converse Inc. - United States
7. Vans, Inc. - United States
8. Reebok International Ltd. - United States
9. ASICS America Corporation - United States
10. Brooks Sports, Inc. - United States

Europe:
1. Adidas AG - Germany
2. Salomon S.A. - France
3. Lotto Sport Italia S.p.A. - Italy
4. Diadora Sport S.r.l. - Italy
5. Fila Holdings Corporation - Italy
6. Umbro International - United Kingdom
7. Hummel International - Denmark
8. Munich Sports, S.L. - Spain
9. Kelme - Spain
10. Hi-Tec Sports - Netherlands

Asia Pacific:
1. Li-Ning Company Limited - China
2. Anta Sports Products Limited - China
3. Xtep International Holdings Limited - China
4. Peak Sport Products Co. Limited - China
5. 361 Degrees International Limited - China
6. Mizuno Corporation - Japan
7. ASICS Corporation - Japan
8. Yonex Co., Ltd. - Japan
9. Skechers USA, Inc. – Japan
10. Fila Korea Ltd. - South Korea
FAQs:
1. What are the growth drivers for the Sports Footwear Market?
Ans. Rising Instances of Sports Activities are driving factors in the Sports Footwear Market.

2. What are the major restraining factors for the Sports Footwear Market growth?
Ans. The product counterfeit is a restraining factor of the Sports Footwear Market.

3. Which region is expected to lead the Sports Footwear Market during the forecast period?
Ans. Asia Pacific is expected to lead the Sports Footwear Market during the forecast period

4. What is the projected market size and growth rate of the Sports Footwear Market?
Ans. The Sports Footwear Market size was valued at USD 179.50 Billion in 2023 and the total Sports Footwear revenue is expected to grow at a CAGR of 4.7% from 2024 to 2030, reaching nearly USD 247.57 Billion.

5. What segments are covered in the Sports Footwear Market report?
Ans. The segments covered in the Sports Footwear Market report are Footwear Type, End User, Distribution Channel, and Region.