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By activity, sports shoes led with 46.89% of athletic footwear market share in 2024 Major players include nike, adidas, asics, new balance, and puma Running shoes are projected to expand at a 7.35% cagr to 2030
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By product type, shoes accounted for 87.38% share of the athletic footwear market size in 2024, while boots are advancing at a 6.86% cagr through 2030. Top five brands including nike, adidas, and asics collectively hold 55% market share, supported by innovation, retail expansion, and sustainability. In 2023, nike held a 35% market share, while adidas held a 25% market share
The two companies are constantly competing to release new and innovative products to attract runners.
The global athletic footwear market size was estimated at usd 146.7 billion in 2023 and is projected to reach usd 205.8 billion by 2030, growing at a cagr of 5.0% from 2024 to 2030. In 2023, nike holds the largest market share in running shoes at 35% Adidas comes in second with a 25% share Both brands are key players in the market, competing aggressively for consumers
Their innovative products and effective sales strategies influence the industry dynamics significantly. In the running footwear market, the user base is expected to grow to 397.1 million users by 2030 The rocky trail running shoe segment, which is used for running on trekking trails, is projected to experience an 8.5% cagr until 2030.
