Boston, MA -- (SBWIRE) -- 09/04/2015 -- Sports footwear includes a range of footgear for various forms of physical activities, such as training, walking, running, jogging, aerobic dancing, hiking, tennis and others. The global sports footwear market can be broadly segmented into the following types:

- Performance
- Sports Inspired
- Outdoor

Technavio analysts forecast the global sports footwear market to grow at a CAGR of 2.43% during 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "The global sports footwear market is witnessing increasing demand for lightweight sports shoes. Lightweight sports shoes are ideal for running and walking as they are more flexible, soft, low to the ground, comfortable, and add speed in comparison to traditional sports footwear. The running and walking shoe segment is the major market segment; hence, the industry is focusing more on lightweight running shoes for men and women. For instance, Nike launched the Free Flyknit, which is light in weight and is meant for running/walking. Therefore, the growing demand for lightweight sports shoes is expected to exert a positive influence on the global sports footwear market in the forecast period."

Get More Details on this Report and a Full Table of Contents at Global Sports Footwear Market 2015-2019

According to the report, the sports footwear market is characterized as seasonal in nature, as the increase in the number of sports events is raising the expenditure on sports footwear. The growing interest in sports with sport events such as the Olympics and events conducted by the NFL, UEFA, the NHL, FIFA and the NBA is increasing the sales of sports footwear. For instance the FIFA World Cup of 2014 provided a major boost to the industry's revenues. Therefore, the increasing number of sports events will exert a positive impact on the growth of the sports footwear market globally.

Further, the report states that one of the major challenges in the global sports footwear market is that the market is highly competitive and vendors are trying to sustain and increase their market share.

The key players in the Global Sports Footwear Market are Adidas, ASICS, Nike and Puma while other prominent vendors include Avia, Altra Running, Brooks Sports, British Knights, Diadora, Etnies, FILA, Johnston & Murphy, Kappa, K-Swiss, LA Gear,LaCrosse Footwear, Lakai Footwear, Legea, Li-Ning and Lotto Sport Italia

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