- Kristopher Fraser |
Demand for athletic footwear is expected to increase 3.2 percent annually in nominal terms through 2023, according to Athletic Footwear: United States, a report recently released by Freedonia Focus Reports. Population increases and projected 4.2 percent annual growth in disposable personal income levels will support gains. Demand will also rise as more consumers participate in sports and fitness activities. An ongoing athleisure trend, which sees consumers wear athletic dress in areas formerly dominated by other types of casual clothing (e.g., work, school), will further drive growth.
Athletic footwear with textile uppers is projected to remain the largest segment, with demand climbing 3.7 percent per year to 2023. Advances will be supported by sustained interest in textile as a material for lightweight running shoes. However, the maturing trend for athletic shoes with knitted uppers will see gains decelerate relative to the historical pace.
These and other key insights are featured in Athletic Footwear: United States. This report forecasts to 2023 U.S. athletic footwear demand in nominal U.S. dollars at the manufacturer level. Total demand is segmented by upper material type in terms of textile, leather, rubber and plastic.
According to Grand View Research, the global athletic footwear market size was valued at 64.30 billion dollars in 2017. It is expected to expand at a CAGR of slightly over 5 percent from 2018 to 2025.