Sports and Athletic Insoles Market Outlook (2023 to 2033)
The sports and athletic insoles market is estimated to be valued at US$ 9 billion in 2023 and is expected to reach US$ 17 billion by 2033. The adoption of sports and athletic insoles is likely to advance at a CAGR of 6.6% from 2023 to 2033.
Internet of Things (IoT) is being implemented in the manufacturing of various types of traditional consumer goods, which include sports and athletic insoles, to promote ease of use. The evolution of sports and athletic insoles has gone above and beyond the convenience of consumers. In terms of base material type rubber segment is expected to dominate with an above average CAGR of 6.5% through the assessment period.
The sports & athletic insoles market is witnessing robust growth fueled by increasing demand for performance optimization and injury prevention. Key trends such as smart insoles, sustainability, customization, and medical applications are driving innovation and market expansion. Advanced technologies like 3D printing and sensor integration are revolutionizing manufacturing processes.
Strategic partnerships, global distribution networks, and focus on sustainability are key strategies for market expansion. The market’s future outlook remains promising as manufacturers cater to the evolving needs of athletes, offering enhanced comfort, support, and performance-driven solutions.
2018 to 2022 Global Sports and Athletic Insoles Market Outlook Compared To 2023 to 2033 Forecast
As per recent surveys, shock absorbing insoles are highly preferred when it comes to sports & athletic shoes as these insoles help relieve the pressure placed on the feet. These insoles help to lessen the impact on feet by absorbing the damaging shock waves during physical movements.
Some of the leading companies manufacturing sports and athletic insoles are actively marketing their gel insoles as shock absorbing technology. Such strategies are expected to register a positive market growth trend in the following years. FMI has forecast the sports & athletic insoles market to rise at a 6.6% CAGR between 2023 and 2033.
Ascend in the acceptance of environment-friendly materials in production of sports & athletic insoles are opening new avenues for manufactures. In addition, implementation of strict government norms and regulations and regulations on making leather products to reduce environmental impact, which leads companies/ manufacturers to make products that can be recycled such as reused plastics, reused polyester, and reused cotton. This helps companies to make eco-friendly products for its customers.
In February 2020, Texon International Group Limited announced to set out its sustainability ambitions and to become a zero waste organization by 2025 by reducing carbon footprints, ensuring 90% of waste is recyclable and many others steps.
Wireless Performance Boost: Exploring the Potential of Bluetooth-Compatible Insoles in Enhancing Athlete Performance
The demand for Bluetooth compatibility insole is rising due to increase in demand for smart sports and athletics in the footwear market. Bluetooth compatibility insoles are connected to a smartphone via Bluetooth, which help to link the activity of an individual with the smartphones.
As pressure sensors implemented inside the insole help an individual to provide information on distribution of body weight mid-gait. Further, Bluetooth compatibility insoles play a vital role to boost comfort, convenience, good health, measuring athletic performance and fitness.
Digitsole’s smart heated insoles are designed for people who work outdoors all day in the cold. The shock-absorbing heel allows the Digitsole’s smart heated insoles to be ergonomically accommodating for individual feet and will even track how many calories an individual has burned in a day.
With the increase in demand for smart Sports and Athletics by millennial generation, the demand for smart insoles with Bluetooth compatibility has been increasing in the sports and athletic insoles market.
Battling the Counterfeit Surge: Assessing the Impact of Increasing Availability on the Sports & Athletic Insoles Market
The surge in brand awareness has steered consumer preference in favor of using high-end and high value footwear products, though this also has created a sudden arrival of a pool of manufacturers of counterfeit products who use the logo of established brands to sell their products a cheaper price.
An unorganized market is created that is not only taking away genuine customers from the real product, but also creating confusion among customers and changing their perception about a particular brand due to the missing attributes of the real brand in the counterfeit product, which they have been purchasing.
The market of counterfeit products is also growing as manufacturers do not need to spend on advertisement, though they reap the benefits from the advertisement efforts put in by real manufacturers. This growth of counterfeit products is mostly being observed in the developing countries where a large number of consumers are driven by the logo of the brand. This unorganized market is largely unchecked and thus, has been posing serious threats to the organized players.
Country-wise Insights
Revolutionizing Performance: Unleashing the Potential of 3D Technology in Fueling Demand for Sports & Athletic Insoles in the United States
North America is predicted to be one of the most attractive markets during the forecast period, according to Future Market Insights. The United States is expected to account for over 70.0% of market share in North America through 2023.
The 3D production process embraced by footwear producers has reformed the insoles market. 3D printing is a new buzzword among the companies engaged in production of tangible goods. The footwear industry also could not escape from this development. Several footwear startups have engaged themselves into the production of 3D technology-led manufacturing.
Feetz, an American custom sports and athletic insoles startup has fostered its own 3D printer utilizing a fused filament fabrication technique. 3D printing is likewise becoming mainstream as it has less natural impression.
Footwear Fitness: Examining the Demand Outlook for Sports & Athletic Insoles in Italy
Italy is expected to account for over 11.3% of market share in Europe through 2023. The sports and athletic insoles market is anticipated to capitalize on opportunistic trends prevalent in the country in the foreseeable. This will be bolstered by increasing in sports activity, particularly football and high popularity of insoles in the country.
The rise in foot injuries and loss of consciousness among sportsperson in the Italian club football events leads customers for opting high-performance insoles in their footwear. This has also provoked the entry of new players in the production of sports & athletic insoles in particular country.
Stepping Up: Unraveling the Surging Demand for Sports & Athletic Insoles in India
In 2023, India will account for over 29.7% market share in South Asia. Development in the nation is catalyzed by the developing pervasiveness of foot issues among athletes. According to the Healthy Athlete (HA), 2019 Fit Feet Screening Program of Special Olympics Bharat uncovered that middle age group athletes had the most elevated rate of regular foot issues. In addition, female competitors were found to have more pervasiveness than men.
To increase their market share manufacturers are launching innovative products more frequently in order to expand their product portfolios. For instance, Cure Foot (India-based), offers a vast portfolio of insert and insole replacements that gives support to the foot, changing the way entire body feels and functions so that users can keep moving freely.
Category-wise Insights
Rubber Reigns Supreme: Exploring the Popularity of Rubber as the Preferred Base Material in the Sports and Athletic Insoles Market
On the basis of base material type, rubber is witnessing most popularity among others. This segment is anticipated to continue with its lead in the coming near future. As rubber material in sports and athletic insoles help in engrossing the shock on the impact point, and keep up with the arch of the foot, which makes these base material primary inclination of buyers.
Apart from rubber, the polymer segment is anticipated to showcase remarkable growth. Players such as Amercule’s JMAC manufacture polymer based insoles. The company’s proprietary polymer shoe inserts are made with abrasion-resistant polyurethane, offering unparalleled impact reduction and shock absorption.
Empowering Every Step: Unveiling the Dominance of Women as Leading Consumers in the Sports and Athletic Insoles Market
Based on consumer orientation, the women segment is leading the market. This segment is forecast to continue its leads due to the rising participation of women in sports and athletics coupled with their growing interest in products that are a combination of style and comfort. According to Statathlon, the percentage of women’s participation in the Summer Olympic Games 2016 grew over 10% of total participants after 1950s.
The Online Insole Revolution: Millennials Flock to E-Commerce for Unparalleled Brand Variety, Unique Products, and Exceptional Customer Service
Web infiltration has been rising year-on-year in different parts of the world. It empowers customers to acquire simple admittance to data about the different sports and athletic insoles accessible in the market. This factor has empowered different manufacturers of sports and athletic insoles to advertise and sell items through various social media channels and e-Commerce websites.
Internet business is currently acquiring prevalence among retailers to know purchaser’s shopping inclinations and experiences. There are likewise numerous nearby and homegrown players entering an online stage to sell sports & athletic insoles by offering the comfort of single click solutions, home conveyances, and different other lucrative features to their customers. Shoppers, especially the millennial generation are purchasing insoles from online retailers owing to the accessibility of enormous brand choices, one of a kind things, and better client support.
In 2019, Reckitt Benckiser Group plc set digital means through e-Commerce websites over the stores to increase the sales of its cleaning brands in emerging markets such as in India and China.
Running the Race: Exploring the Competitive Landscape of the Sports and Athletic Insoles Market
The competitive landscape of the sports and athletic insoles market is characterized by intense rivalry among key players. Leading companies are constantly striving to gain a competitive edge by focusing on product innovation, research and development, and strategic partnerships.
They invest in advanced technologies to develop cutting-edge insoles that offer superior performance, comfort, and support. Marketing strategies play a crucial role, with companies leveraging endorsements from professional athletes and sponsoring sports events to enhance brand visibility. Mergers and acquisitions are common as companies seek to expand their product portfolios and global market presence. The competitive landscape is dynamic, driving innovation and pushing boundaries in the sports and athletic insoles market.
These insights are based on a report on Sports and Athletic Insoles Market by Future Market Insights.