Athletic Footwear Market Outlook, Opportunities, Challenges, Trends, Size and Growth and Competitive Analysis
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Various new companies in the athletic footwear market have been gained
importance in the recent past. For instance, Skechers USA became the second
largest athletic footwear company in 2014. The low price of Skechers’ products
has been the key reason for its growth in U.S. market.
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Geographically,
Asia-Pacific dominates the global athletic footwear market with nearly 40%
share. The key reason for the dominance of Asia-Pacific is cheap labor, heavy
concentration of leading footwear manufacturers, and availability of cheap raw
material. The growing interest in athletic sports, improved awareness of
healthy lifestyles, escalating demand for innovative footwear, and increase in
seasonal sales (due to sports events),
are some of the factors contributing to the growth of the athletic footwear
market in U.S.
The major competitors in the global athletic footwear market are Nike Inc,
Adidas Group, PUMA, and ASICS Corporation. These four company together account
for approximately 80% market share of the global athletic footwear market.
Other competitors in the global athletic footwear market, include Converse,
Inc., SKECHERS USA Inc., New Balance, VANS Inc., K-Swiss Inc., and Saucony Inc.
Wolverine World Wide Inc. Crocs Inc, Under Armour INC., BK Footwear, Brooks
Sports Inc., and Osiris Shoes.
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