The sports and athletic insoles market is predicted to be valued at US$ 9 billion in 2023 and US$ 17 billion by 2033.
The sports and athletic insoles market is anticipated to grow at a 6.6 % CAGR over the projection period. One noticeable trend is the increasing market for smart insoles, integrated with sensor technology. These insoles gather real-time data on foot pressure, posture and performance measures. Athletes can use this information to fine tune their training methods and avoid injury.
An emerging trend is the increasing attention being given to environmentally friendly and sustainable materials. Environmental consciousness is such that consumers want insoles made of recycled or biodegradable materials. Customization is beginning to take hold in the market. Companies are now providing personalized insoles based on an individual’s foot shape, arch type and specific sporting activities. This trend reflects the increasing need for comfort, support and prevention of injury.
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The market also affords opportunities in the field of medical applications. With the aging of population and rising prevalence, insoles designed for specific medical conditions such as plantar fasciitis, diabetes or arthritis are on high demand. These elements are coming together in the market for sports and athletic insoles, opening up endless possibilities for innovation.
Key Takeaways from the Sports and Athletic Insoles Market:
- The United States is projected to hold a market share of more than 70.0% in North America until 2023.Italy is forecasted to capture a market share of over 11.3% in Europe until 2023.
- India is expected to secure a market share of over 29.7% in South Asia by 2023.
- Among various base material types, rubber is experiencing the highest level of popularity. This segment is anticipated to maintain its leading position in the foreseeable future.
“The sports and athletic insoles market is experiencing rapid growth due to trends like smart insoles, sustainability, customization, and medical applications, presenting significant opportunities for market players”, remarks an analyst at FMI.
How Key Players are revolutionizing the Manufacturing of Sports and Athletic Insoles market?
Key players in the sports and athletic insoles market are revolutionizing manufacturing processes to meet evolving consumer demands. They are incorporating advanced technologies such as 3D printing, computer-aided design (CAD), and robotics to enhance production efficiency and customization capabilities.
This allows for the creation of personalized insoles that offer precise support and comfort based on individual foot measurements and activity requirements. These players are investing in research and development to develop innovative materials and designs that enhance performance, durability, and sustainability. By embracing technological advancements and focusing on innovation, key players are driving the transformation of the sports and athletic insoles market, providing enhanced products and experiences to consumers.
Key Players in the Market:
- Aetrex Worldwide, Inc.
- Invent Medical Group, s.r.o. (8 Sole)
- Materialise Phits Insoles
- AF Group
- ALINE Systems, Inc.
- ARNEPLANT, S.L
- Bauerfeind
- Birkenstock USA
- Currex GmbH
- Diafarm Laboratories (Noene)
- Foot Science International
- Footbalance System Ltd.
- Guangzhou Shunyang SM Co Ltd.
- Implus LLC
- Ottobock Holding
- Peacocks Medical Group
- Reckitt Benckiser (Scholl)
- RSscan Lab Ltd.
- Sorbothane, Incorporated
- SUPERFEET WORLDWIDE, Inc.
- Texon International Group Limited
- Wiivv Wearables Inc.
- Digitsole
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Product Portfolio:
- Foot Science International is known for its FootBalance custom insoles and orthotics that provide personalized support and comfort for customers’ feet, enhancing their overall well-being.
- Footbalance System Ltd. offers a diverse product portfolio of custom insoles, foot analysis systems, and related accessories, aimed at improving foot health and optimizing performance for athletes and individuals seeking personalized foot support.
More Insights Available
Future Market Insights offers an unbiased analysis of the sports and athletic insoles market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the sports and athletic insoles market, the report is segmented on the basis of By Base Material Type (Polymer, Plastic, Rubber, Carbon Fiber and Silicone), By Size (U.S.) (% of Demand) (4 – 5, 6 – 7, 8 – 9, 10 – 11 and 12 – 13), By Consumer Orientation (Men, Women and Kids), By Sales Channel (Direct Sales, Indirect Sales, Hypermarkets/Supermarkets, Departmental Stores, Specialty Stores, Multi-brand Stores, Exclusive Stores/Franchised Stores, Online Retailers and Other Retail Channels), across 5 major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
Market by Category
By Base Material Type:
- Polymer
- Plastic
- Rubber
- Carbon Fiber
- Silicone
By Size (U.S.) (% of Demand):
- 4 – 5
- 6 – 7
- 8 – 9
- 10 – 11
- 12 – 13
By Consumer Orientation:
- Men
- Women
- Kids
By Sales Channel:
- Direct Sales
- Indirect Sales
- Hypermarkets/Supermarkets
- Departmental Stores
- Specialty Stores
- Multi-brand Stores
- Exclusive Stores/Franchised Stores
- Online Retailers
- Other Retail Channels
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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