The Training Shoes Market is projected at USD 243.2 million in 2022 and is projected to reach USD 356.6 million by 2032, at a CAGR of ~3.9% from 2022 to 2032.
Training shoes are gaining more and more popularity in current situation. People all around the world are preferring active lifestyle and fitness activities, to be more physically active and stronger body. Gyms, training centres and sports activities are the most common physical activities among people post-COVID.
Training shoes are particularly intended to give additional support and a comfortable fit to the foot. The training sneakers’ flexible and compressive bottom and midsole aid in absorbing compression and preventing muscular strain. Using these training shoes as part of a casual look on a daily basis is also popular in several nations. Many teenagers and adults use fashionable training shoes. Colourful shoes with shiny and classic colour combinations are the most popular among consumers in various countries.
Manufacturers’ use of social media for promotion and marketing has made these training shoes a hot topic. Furthermore, in addition to shops and retail stores, internet marketplaces are a popular platform for purchasing training shoes. Discounts and numerous incentives are available while purchasing products online, attracting more buyers.
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The biggest hindrance to the market is environmental concerns, as these shoes are constructed of synthetic materials and the production process involves the use of chemicals and dyes that are hazardous to the environment. Waste debris and waste water are commonly dumped into rivers, creating pollution and endangering marine life. Many government measures and restrictions are constraining producers and, as a result, the total training shoe industry.
Key Takeaways from the Sneaker Market Study
- The lace-up training shoes are the popular type among all the different shoes type. The laces are commonly employed by manufacturers as they provide additional support and can be adjusted by loosening or tightening them.
- PU soles are widely used for Training shoes. PU soles are ideal for the training shoes, as they are comfortable, provide support and also are durable, keeping them in top shape even in strenuous physical activities.
- Men’s Training shoes are in higher demand than children’s and women’s Training shoes. Men are preferring the training shoes for different physical activities, including workouts and weight training.
- In the case of regional analysis of regions like the North America and Asia is expected to gain traction in the Training shoes market.
“As people are re-joining gyms and starting to include exercise in their daily life, training shoes are gaining their demand back. People are not aware of using proper shoes of different activities.” Says an FMI Analyst.
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Impact of COVID-19 on the Market
There were no outdoor activities since COVID-19 caused lockdown. Sports activities in all nations were postponed or cancelled due to social distancing and restrictions on public gathering. Many brands’ sales were affected by the COVID-19 outbreak. Sponsor brands incurred losses since several industries were closed and key sporting events were postponed. Again, restrictions on public gatherings resulted in the closure of gyms, training centres, and playgrounds. All of these reasons contributed to a drop in the demand for training shoes among consumers. Schools and other educational establishments were also closed, resulting in a loss of key users overall.
Along with restrictions on public gathering, retail stores were shuttered and distribution channels were restricted to just critical supplies, affecting overall training shoe sales.
Who is winning?
Leading players operating in the sneaker market Nike Inc., Adidas Group, Asics Corp., Puma SE, New Balance Inc., Skechers Inc., Reebok, Under Armour, Vans Inc., FILA Ltd. and among others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the sneaker market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Training Shoes Market by Closure Type (Lace-Up, Elastic, Slip-on, Velcro, Others), Sole Material (Polyurethane, Rubber, Leather, EVA, Others), Outer Material (Leather, Mesh, Synthetic Material, Other), Consumer Orientation (Men, Women, Kids), Sales Channel (Multi-brand Stores, Independent Small Stores, Online Retailers, Others) & Region – Forecast to 2022-2032
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Training Shoes Market by Category
By Closure Type, Training Shoes Market is segmented as:
- Lace Up
- Elastic
- Slip-on
- Velcro
- Others
By Sole Material, Training Shoes Market is segmented as:
- Polyurethane
- Rubber
- Leather
- EVA
- Others
By Outer Material, Training Shoes Market is segmented as:
- Leather
- Mesh
- Synthetic Material
- Others
By Consumer Orientation, Training Shoes Market is segmented as:
- Men
- Women
- Kids
By Sales Channel, Training Shoes Market is segmented as:
- Multi-brand Stores
- Independent Small Stores
- Online Retailers
- Other Sales Channel
By Region, Training Shoes Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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