![]() ![]() ![]() Increasing Sports Participation: The growth of the sports footwear market is closely linked to the rising participation in sports and fitness activities. Our research reports would help you find the best solution to generate more sales amid this pandemic.įactors Affecting the Growth of the Sports Footwear Market: Besides, biking, cycling, hiking, and running activities were also stopped by sporting enthusiasts to keep up with social distancing and lockdown norms. Also, the cancellation or postponement of major sports activities across the globe has impacted growth. The COVID-19 pandemic has affected the sports footwear industry negatively because of the closure of educational institutions. We have also used bottom-up and top-down approaches to calculate the market size.ĬOVID-19 Pandemic: Closure of Educational Institutes and Social Distancing to Affect Growth Our next step included primary research to authenticate these sizing, assumptions, and findings with numerous industry experts. Exhaustive secondary research was conducted to gather data about the parent market. The report involved four notable activities in projecting the current size of the sports shoes industry. Increasing Participation in Physical Activities and Sports to Bode Well for Market Growthīrowse Detailed Summary of Research Report with TOC: Surging Government Initiatives will Support the Growth of Market Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends List of Key Players Profiled in the Sports Footwear Market Report: This information is given by Fortune Business Insights™ in a report titled, “ Sports Footwear Market, 2023 – 2028.” Pune, India, J(GLOBE NEWSWIRE) - The global sports footwear market size was USD 93.57 billion in 2020 and is projected to grow from USD 97.42 billion in 2021 to USD 134.99 billion in 2028 at a CAGR of 4.8% during the 2021-2028 period. The global sports footwear market size covered major segments by Gender (Men, Women, and Kids), by End-User (Professional Users and Recreational Users), by Distribution Channel (Online and Offline), and Regional Forecast, and Others. ![]()
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