Global Sports Footwear Market – Post Pandemic Recovery Plan Strategies and Processes | Introduction of Innovative Sports Footwear to Boost Market Growth | Technavio

LONDON–(BUSINESS WIRE)–The global sports footwear market size is expected to decline by USD 10.23 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.

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Innovation plays a vital role in the sports footwear market. This is mainly attributed to the rising competition in the industry, and the diverse requirements of end-users. Customers in the sports industry are increasingly seeking innovative, high-quality products that deliver high performance. Thus, key market competitors Nike Inc., adidas AG, New Balance Athletics Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., ASICS Corp., and others are always up for bringing

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