Athletic Footwear Market Will Grow at a Steady Rate of 5.1% from 2014 to 2025: Grand View Research, Inc.
The global athletic footwear market size is expected to reach USD 95.14 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.1% during the forecast period. The market is estimated to witness considerable growth over the forecast period owing to growing global population, rising awareness regarding health benefits, and active participation in fitness activities and global sports events. Major global sports events such as Olympics, ICC Cricket World Cup, National Basketball Association (NBA) league, FIFA World Cup, and The Championships, Wimbledon play an imperative role in fuelling demand for athletic footwear. It has been observed that the market witnessed a higher growth rate during the years when Olympics (both summer and winter) took place, that is during 2012, 2014, and 2016, owing to training and participation of aspiring as well as established athletes and sportspersons. Athletic footwear is typically ma...