Global Athletic Footwear Market is Expected to Reach USD 84.4 Billion in 2018: Transparency Market Research

Global Athletic Footwear Market is Expected to Reach USD 84.4 Billion in 2018: Transparency Market Research PR Newswire ALBANY, New York, September 26, 2012 ALBANY, New York, September 26, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com), "Athletic Footwear Market - Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012 - 2018," the global athletic footwear market was worth USD 74.7 billion in 2011 and is expected to reach USD 84.4 billion in 2018, growing at a CAGR of 1.8% from 2011 to 2018. Asia Pacific is leading the athletic footwear market with maximum share and is expected to enjoy a 41.6% share of the market in 2018, closely followed by Europe. The North America market is growing at a relatively slower rate, due to high labor cost, raw material cost and strong competition. Browse the full report at http://www.transparencymarketresearch.com/athletic-footwear-market.html Factors driving the global athletic footwear market include growing awareness about healthy and active lifestyles, rising demand for comfortable footwear, rising demand for innovative footwear designs and technology, growing population and rising disposable income levels. The market is projected to grow at a CAGR of 1.8% from 2011 to 2018, and is expected to reach USD 84.4 billion in 2018.