The global athletic footwear retail market, which has experienced an encouraging growth over the last five years, is predicted to continue this momentum, growing at a compound annual growth rate (CAGR) of 5% over the next five years, to reach a market value of US $51 billion by 2017.
Market growth is set to be driven by a number of factors including, the London Olympic Games in 2012, the FIFA World Cup 2014, and the 2016 Olympic Games in Brazil. The lightweight running, training, and outdoor categories are expected to drive the global athletic footwear retail market.
However, the global athletic footwear retail market remains a susceptible industry, continuing to face a number of challenges, including sensitivity to seasonal conditions and having to constantly battle the frequent changes in consumer taste and preference.
Asia Pacific and the Rest of World regions are leading the way in the global athletic footwear retail market, forecast to have the highest growth through to 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.
Within the US athletic footwear retail sales declined at a 4% CAGR between 2005 and 2010. However, sales have been forecast to regain momentum and are anticipated to grow at 2% CAGR over the next 5 years.
For more information on the global athletic footwear retail market, see the latest research: Global Athletic Footwear Retail Market Report
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