The new report by Informes de Expertos titled, ‘Latin America Athletic Footwear Market 2022-2027’, gives an in-depth analysis of the market, assessing it based on product type, user, channel distribution, and key regions. The report analyses key success factors and constraints, tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): X%
The Latin America athletic footwear market size increased as a result of rising consumer disposable incomes, growing adoption of attractive marketing and promotional techniques, expansion of sales through online channels, and the introduction of novel and comfortable footwear. Furthermore, the importance of wearing proper shoes for sports activities to prevent joint injuries, leg injuries, knee pain, hip discomfort, and other is becoming more and more evident to consumers, thus significantly surging the product demand. Moreover, lot of people have started to indulge in sports like football, basketball, cricket, hockey, and other sports nowadays, which is creating a spur in market expansion. The athletic shoes market is anticipated to grow positively over the forecast period as a result of technological advancements that have made shoes more comfortable and versatile.
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Industry Definition and Major Segments
Based on the type of product, the market is bifurcated into:
- Sports shoes
- Running and Walking Shoes
- Hiking and Trekking Shoes
- Aerobics and Gym Shoes
By user, the market is segmented into:
Based on the distribution channel, the report classifies the market into:
Key regions covered include:
The major market trends being experienced by the athletic footwear industry is the demands of eco-friendly shoes made with environment friendly material. This has further led the manufacturers to innovate constantly to launch sustainable shoes that will cater to the growing demand of eco-friendly shoes. Moreover, there is tremendous surge in the participation of adults, teenagers and kids in various kinds of sports or athletic activities which, in turn, has significantly increased the demand for sports shoes.
Also, the government is encouraging majority of population in actively taking care of their physical wellbeing. Consequently, sports shoes companies are getting huge investments from government to promote recreational or physical activities. In addition, the increasing sponsorship and promotional activities by key players are attracting huge consumer base through social media platforms.
Key Market Players
The major players in the market are:
- Adidas AG
- ASICS Corporation
- Nike, Inc.
- Puma SE
- Reebok International
This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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