Irving, TX (PRWEB) May 26, 2012
The global athletic footwear retail industry, which has experienced good growth over the last five years, is anticipated to continue its growth momentum, reaching approximately US $51 billion by 2017 with a CAGR of 5% over the next five years.
Lucintel, a leading global management consulting and market research firm, has analyzed the global athletic footwear retail industry and presents its findings in “Global Athletic Footwear Retail Industry 2012–2017: Market Trends, Profit, and Forecast Analysis.”
The athletic footwear retail industry is highly consolidated and comprises establishments that are primarily engaged in manufacturing and retailing of footwear for sports and athletic pursuits that includepersonal training, outdoor activities, lifestyle, soccer, baseball and softball, fitness, ski and snowboard, and other sports/casual footwear.
In the global athletic footwear retail industry, Asia Pacific and the Rest of World regions are forecast to have the highest growth during the next five years (2012–2017). Rising income levels in the lower-tier cities of the emerging Asian countries areamong the factors likely to boost the sporting footwear market.
Market sensitivity to seasonal conditions and frequent changes in consumer taste and preference are some of the challenges facing the industry. Conversely, the London Olympic Games in 2012, the FIFA World Cup 2014, and the 2016 Olympic Games in Brazil are anticipated to stimulate demand for sports footwear. Lucintel’s research indicates that the lightweight running, training, and outdoor categories are expected to drive the sports footwear market.Companies with strong brand equity, innovative R&D capabilities, effective network management, and solid capital resources are expected to gain more market share, particularly as the market goes through consolidation.
This study provides a concise overview of the global athletic footwear retail industry, tracking four regions in theglobal market. This report also addresses sports lifestyle products and footwear manufacturers that are also retailers.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com.
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