NEWARK, Del: The training shoes market is projected at USD 243.2 million in 2022 and will 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 the current situation. People worldwide prefer active lifestyles and fitness activities to be more physically active and have a stronger body. Gyms, training centers, and sports activities are people’s most common physical activities post-COVID.
Training shoes are intended to give additional support and a comfortable fit to the foot. The training sneakers’ flexible and compressive bottom and midsole absorb compression and prevent muscular strain. Using these training shoes as a casual look daily is also popular in several nations. Many teenagers and adults use fashionable training shoes. Colorful shoes with shiny and classic color 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 using chemicals and dyes that are hazardous to the environment. Waste debris and wastewater are commonly dumped into rivers, creating pollution and endangering marine life. Many government measures and restrictions constrain producers and, as a result, the total training shoe industry.
Key Takeaways from the Training Shoes Market Study
- The lace-up training shoes are the most popular type among all the different shoe types. Manufacturers commonly employ the laces 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 training shoes, as they are comfortable, provide support, and 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 prefer training shoes for different physical activities, including workouts and weight training.
- In the case of regional analysis, regions like North America and Asia are 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 for different activities.” Opines an FMI Analyst.
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Impact of COVID-19 on the Training Shoes Market
There were no outdoor activities since COVID-19 caused the lockdown. Sports activities in all nations were postponed or canceled due to social distancing and restrictions on public gatherings. 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 gyms, training centers, and playgrounds being closed. All these reasons contributed to a drop in consumer demand for training shoes. Schools and other educational establishments were also closed, resulting in a loss of key users overall.
Along with restrictions on public gatherings, retail stores were shuttered, and distribution channels were restricted to critical supplies, affecting overall training shoe sales.
Key Companies Profiled
- Nike Inc.
- Adidas Group
- Asics Corp.
- Puma SE
- New Balance Inc.
- Skechers Inc.
- Reebok
- Under Armour
- FILA Ltd.
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In its new offering, Future Market Insights provides an unbiased analysis of the training shoe market, presenting historical demand data (2017-2021) and forecast statistics for 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
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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About the Consumer Products Division at Future Market Insights
The consumer product team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and 1 Billion+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments about Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations technology projects, and driving successful implementations. She has helped create insightful, relevant analyses of Food and beverage market reports and studies that include consumer market, retail, and manufacturer research perspectives. She has also been involved in several bulletins in food magazines and journals.
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