Sports Footwear Market Size, Share, Growth Analysis, By Gender(Men, Women, Kids.), By Distribution Channel(Offline, Online), By Region - Industry Forecast 2024-2031

Sports Footwear Market size was valued at USD 127.3 billion in 2019 and is poised to grow from USD 133.54 billion in 2023 to USD 205.39 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

The COVID-19 pandemic's effects have been unprecedented and overwhelming on a global scale, with sports shoes experiencing a decline in demand in every region. According to an analysis, the market experienced a drop of -8.94% in 2019 compared to the average year-over-year increase during 2017–2019. Sports shoes are primarily made for physical activities like sports or other types of exercise. Due to their ability to provide flexibility, stability, or motion control, they are crucial for athlete’s road traction, torsional stability, and other advantages. The item is in high demand growing at an impressive rate due to the increase in sporting events.

In addition, there is a high level of competition in sports like football, baseball, hockey, and others number of competitors, which will fuel market expansion. As reported by the Australian Males and females both actively participate in cricket, according to the National Cricket Census females. Additionally, approximately 1.5 million Australians actively participate in cricket programmes or contests. As a result, more people are likely to participate in sports so as to assist the market.

US Sports Footwear Market is poised to grow at a sustainable CAGR for the next forecast year.