Newark, June 18, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 11.2 billion recovery footwear market will reach USD 26.7 billion by 2033. Increased consumer awareness of the significance of post-exercise recovery is driving the recovery footwear market's rapid rise. People increasingly prioritise health and fitness, driving demand for creative ways to speed healing. Technological improvements are driving the use of advanced materials and ergonomic designs, changing the sector. Furthermore, adding clever features enhances the product's allure, such as AI-driven analytics for individualised recovery insights. Technology and health-conscious consumerism combine to create a market expected to grow steadily. The recovery footwear market appears well-positioned to grow further due to changing consumer demands and technological advancements. A growing emphasis on both function and aesthetics drives the market. Consumers desire shoes that support their fashion sense, fit their lifestyle, and aid recovery. Manufacturers are producing recovery shoes in various hues, designs, and patterns that aesthetically balance style with use. The market is, therefore, driven by recovery footwears’ blend of fashion and function, which appeals to a wide range of consumers.
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North America to account for the largest market size during the forecast period.
The region demonstrates a strong fitness culture focusing on general well-being and a high frequency of sports engagement. This is expected to increase the demand for recovery footwear. Furthermore, the spending expenditure of a large population in North America is huge which makes it more accessible and affordable, increasing the demand for recovery footwear. In addition, the presence of prominent market players in the region adds impetus to the market’s growth. Due to converging variables, North America is anticipated to continue leading the industry in market share and innovation.
The flip-flop sandals segment dominated the market with the most significant revenue of USD 3.80 billion.
The flip-flop sandals segment dominated the market, with the most significant revenue of USD 3.80 billion. Flip-flop sandals are a common choice for healing after physical activity because they are lightweight, comfortable, and provide sufficient ventilation. Moreover, many flip-flop sandals have dynamic orthotic-grade footbeds, which provide superior arch support and speed healing.
The men segment dominated the market with the most significant revenue of USD 4.70 billion.
The men segment dominated the market, with the most significant revenue of USD 4.70 billion. As men have historically participated in sports and physical activities at higher rates, there is a greater need for specialised recuperation footwear. Men are also becoming more conscious of the significance of post-exercise recovery for general health and performance enhancement.
The multi-brand stores segment dominated the market with the most significant revenue of USD 3.02 billion.
The multi-brand stores segment dominated the market, with the most significant revenue of USD 3.02 billion. These stores dominate the market because they offer a wide selection of options that allow customers to compare multiple brands and designs in one location. These stores frequently attract customers by offering the opportunity to try on shoes to ensure comfort and fit before purchasing.
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Market Dynamics:
Drivers: Increasing health awareness
Increasing awareness among people and athletes regarding foot health and recovery is expected to drive the market’s growth. Recovery footwear reduces fatigue, eases foot discomfort, and expedites healing after physical activity, which adds impetus to the market’s growth.
Restraint: Product durability and longevity
There is an increasing demand for longevity and durability of footwear, among Consumers. However, the manufacturers are facing challenges in material selection, manufacturing procedures, and product testing, which hinder market growth.
Report Scope
| Base Year | 2023 |
| Forecast period | 2024-2033 |
| Report Coverage | Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends |
| Regional scope | Asia Pacific, Europe, South America, North America, and Middle East & Africa |
| Market Size(unit) | USD 26.7 Billion |
| Data Warehousing Market CAGR | 9.1% |
| Segments Covered | Product Type, Consumer Orientation, Sales Channel |
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Some of the major players operating in the recovery footwear market are:
● Nike, Inc.
● ADIDAS AG
● Columbia Sportswear Company
● PR Soles
● Telic
● Xiamen Jerryfootprint Imp&Exp Co., Ltd
● Kane Footwear
● Crocs Retail, LLC
● BIRKENSTOCK DIGITAL GMBH
● VELOUS Footwear
● Under Armour, Inc.
● Zensah Company LLC
● Li-Ning Studio LLP
● Oofos, Inc.
● Mizuno Corporation
● Salomon SAS
● Doubleu India Pvt. Ltd.
Key Segments cover in the market:
By Product Type:
● Closed-toed Shoes
● Slides Sandals
● Flip-Flop Sandals
● Others
By Consumer Orientation:
● Children
● Women
● Men
By Sales Channel:
● Multi-brands Stores
● Online Retailers
● Convenience Stores
● Exclusive Stores
● Others
About the report:
The global recovery footwear market is analyzed based on value (USD billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes Porter's five forces model, attractiveness analysis, raw material analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirements whether they are looking to expand or planning to launch a new product in the global market.
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