Carrollton, Texas (PressExposure) April 06, 2012 -- The Global Athletic Footwear Retail industry has experienced good growth during the last five years and is expected to continue its growth momentum over the next five years. The London Olympic Games in 2012, the 2014 FIFA World Cup, and the 2016 Olympic Games in Brazil are expected to drive the industry to an estimated US $51 billion in 2017 with a CAGR of 5% during 2012-2017.
Irving, TX, April 06, 2012: 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 Analysis 2012-2017: Market Trends, Profit and Forecast Analysis."
The Athletic Footwear Retail industry comprises establishments that are primarily engaged in the manufacturing and retailing of footwear for sports and athletic pursuits that include personal training, outdoor activities, lifestyle, soccer, baseball and softball, fitness, ski and snowboard, and other sports/casual footwear.
The Asia Pacific and Rest of World regions are forecast to witness the highest growth in the industry during the next five years (2012-2017). Rising income levels in the lower-tier cities of the emerging Asian countries are among 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. An increasing number of sports events, population growth, changing lifestyles in emerging economies, and growing health and fitness awareness, however, are likely to drive growth during the forecast period. Lucintel's research indicates that the lightweight running, training, and outdoor categories are anticipated to drive the sports footwear market.
This study provides a concise overview of the Global Athletic Footwear Retail industry, tracking four regions in the global market. The scope of this study is limited to annual trends for the past five years and forecasts for the next six years. This report also addresses sports lifestyle products and footwear manufacturers that are also retailers. This report addresses only the Athletic Footwear segment within the Global Retail Sporting Goods industry.