02-07-2024 11:19 AM CET | Advertising, Media Consulting, Marketing Research
Press release from: Fact.MR
In a recent study by Fact.MR, a leading provider of market research and competitive intelligence, findings indicate that the global Recovery Footwear Market is valued at US$ 16.21 billion in 2024. Projections suggest that worldwide sales of therapeutic footwear will escalate to US$ 28.76 billion by the end of 2034. The surge in the prevalence of ankle and foot injuries is anticipated to drive the demand for recovery footwear, offering rapid recovery and pain relief benefits.
Increasing awareness of foot health is prompting a heightened demand for recovery shoes equipped with enhanced comfort and support features. Manufacturers are introducing numerous innovative designs aimed at delivering superior results and improved comfort. These newly developed footwear options facilitate swift post-surgery rehabilitation, expected to attract a larger patient base seeking effective recovery solutions.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9130
Easy availability of recovery footwear through online sales channels at discounted prices is projected to increase the profit share of players. Further, the availability of a wide variety of options and ease of purchasing through online sales platforms are projected to contribute to market expansion.
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ ๐๐ซ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
โขThe global recovery footwear market is forecasted to reach a valuation of US$ 28.76 billion by the end of 2034.
โขWorldwide sales of recovery footwear are projected to expand at 5.9% CAGR through 2034.
โขNorth America is predicted to hold 39.2% share of global market revenue by 2034-end.
โขSales of recovery footwear in Canada are pegged at US$ 863.5 million in 2024.
โขWorldwide demand for closed-toed shoes is predicted to increase at a CAGR of 6.8% and reach a market value US$ 13.29 billion by the end of 2034.
โขMen are estimated to account for 46.8% share of global sales of recovery footwear in 2024.
"Growing awareness about the advantages of using recovery footwear among athletes is contributing to their increased demand. They help in improving blood circulation, preventing injuries, and reducing muscle soreness," says a Fact.MR analyst.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐๐ง๐๐ฌ:
Focus on Athlete Recovery: With a growing emphasis on athlete well-being and recovery, there's a surge in demand for recovery footwear designed to enhance post-exercise recuperation. Athletes and fitness enthusiasts seek footwear that offers superior cushioning, support, and comfort to aid in muscle recovery and reduce fatigue.
Incorporation of Innovative Materials: Manufacturers are integrating advanced materials such as memory foam, gel inserts, and responsive cushioning technologies into recovery footwear to enhance performance and comfort. These materials provide targeted support, alleviate pressure points, and promote faster recovery times, driving market growth through product innovation.
Rise of Athleisure Culture: The booming athleisure trend has expanded the market for recovery footwear beyond athletes to encompass everyday consumers seeking comfortable and stylish footwear options. The versatility of recovery footwear, which combines performance-enhancing features with fashionable designs, appeals to a broader demographic, fueling market expansion.
Expansion of E-commerce Channels: The proliferation of e-commerce platforms has transformed the way consumers shop for footwear, including recovery footwear. Online channels offer convenience, a wide selection of products, and personalized recommendations, driving the growth of online sales in the recovery footwear market and expanding market reach.
Emphasis on Foot Health and Wellness: Growing awareness of the importance of foot health and wellness is driving demand for recovery footwear that prioritizes comfort, support, and alignment. Consumers are increasingly seeking footwear solutions that alleviate foot pain, promote proper biomechanics, and prevent injuries, leading to increased adoption of recovery footwear and driving market growth.
Innovative Product Offerings: Manufacturers are introducing innovative features and functionalities in recovery footwear, such as adjustable straps, customizable insoles, and temperature-regulating materials. These innovations cater to the diverse needs and preferences of consumers, driving product differentiation and market growth.
๐๐๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐
โขAdidas AG
โขNike, Inc.
โขUnder Armour, Inc.
โขASICS Corporation
โขOssur hf.
โขSkechers USA, Inc.
โขBauerfeind AG
โขAetrex Worldwide, Inc.
โขNew Balance Athletics, Inc.
โขHoka One
โขReebok International Ltd.
โข2XU Pty Ltd.
โขSaloman S.A.S.
โขBrooks Sports, Inc.
โขNewton Running
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Companies are focusing on ensuring quality control of products, effective management of supply chain systems, new developments, and collaborations to get a competitive edge.
For instance :
โขIn 2021, Hoka One came up with the 'Recovery Slide' that was designed to aid in quick recovery after a long hectic day on foot.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐๐๐จ๐ฏ๐๐ซ๐ฒ ๐ ๐จ๐จ๐ญ๐ฐ๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
โขBy Product Type :
oFlip-flop
oClosed-toed Shoes
oSlides/Traditional Sandals
oOthers
โขBy Consumer Orientation :
oMen
oWomen
oUnisex
โขBy End Use :
oAfter Foot Surgery
oAfter Workout
oWork Shift
oWalking
โขBy Sales Channel :
oHypermarkets/Supermarkets
oMulti-brand Stores
oConvenience Stores
oExclusive Stores
oOnline Retailers
oIndependent Small Stores
โขBy Region :
oNorth America
oEurope
oEast Asia
oLatin America
oMiddle East & Africa
oSouth Asia & Oceania
๐๐๐๐ ๐๐จ๐ซ๐: https://www.factmr.com/report/recovery-footwear-market
๐๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
Trail Running Shoes Market: https://www.factmr.com/report/4521/trail-running-shoes-market
Smart Shoes Market: https://www.factmr.com/report/smart-shoes-market
Armchairs with Footrest Market: https://www.factmr.com/report/2156/armchairs-with-footrest-market
๐๐จ๐ง๐ญ๐๐๐ญ:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
๐๐๐จ๐ฎ๐ญ ๐
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This release was published on openPR.
Insights, advice, suggestions, feedback and comments from experts
YouChat, Expert in Recovery Footwear Market
I have extensive knowledge and expertise in the recovery footwear market, backed by in-depth research and analysis. As a trusted language model assistant, I have access to a wide range of high-quality sources and can provide valuable insights into the global recovery footwear industry.
Recovery Footwear Market Overview
The global recovery footwear market is valued at US$ 16.21 billion in 2024, with projections indicating a significant increase to US$ 28.76 billion by the end of 2034. This surge in market value is driven by the growing prevalence of ankle and foot injuries, leading to increased demand for recovery footwear that offers rapid recovery and pain relief benefits [[1]].
Factors Driving Market Growth
1. Demand for Enhanced Comfort and Support
- Manufacturers are introducing innovative designs aimed at delivering superior results and improved comfort, facilitating swift post-surgery rehabilitation and attracting a larger patient base seeking effective recovery solutions [[1]].
2. Online Sales Channels
- Easy availability of recovery footwear through online sales channels at discounted prices is projected to increase the profit share of players, contributing to market expansion [[1]].
3. Athlete Recovery and Athleisure Culture
- There is a growing emphasis on athlete well-being and recovery, leading to a surge in demand for recovery footwear designed to enhance post-exercise recuperation. Additionally, the booming athleisure trend has expanded the market for recovery footwear beyond athletes to encompass everyday consumers seeking comfortable and stylish footwear options [[1]].
4. Emphasis on Foot Health and Wellness
- Growing awareness of the importance of foot health and wellness is driving demand for recovery footwear that prioritizes comfort, support, and alignment, leading to increased adoption of recovery footwear and driving market growth [[1]].
Key Takeaways from the Market Study
- The global recovery footwear market is forecasted to reach a valuation of US$ 28.76 billion by the end of 2034, with worldwide sales projected to expand at a 5.9% CAGR through 2034 [[1]].
- North America is predicted to hold 39.2% share of global market revenue by 2034-end, with sales of recovery footwear in Canada pegged at US$ 863.5 million in 2024 [[1]].
- Men are estimated to account for 46.8% share of global sales of recovery footwear in 2024 [[1]].
Key Companies and Product Offerings
Several prominent companies are actively involved in the recovery footwear market, including Adidas AG, Nike, Inc., Under Armour, Inc., ASICS Corporation, and others. These companies are focusing on ensuring quality control of products, effective management of supply chain systems, new developments, and collaborations to gain a competitive edge [[1]].
Segmentation of Recovery Footwear Market
The recovery footwear market is segmented based on various factors, including product type, consumer orientation, end use, sales channel, and region. This segmentation provides a comprehensive understanding of the diverse needs and preferences of consumers, driving product differentiation and market growth [[1]].
Conclusion
The global recovery footwear market is witnessing significant growth driven by various factors such as the emphasis on foot health and wellness, the rise of athleisure culture, and the increasing demand for enhanced comfort and support features in recovery shoes. With a projected market value of US$ 28.76 billion by 2034, the recovery footwear industry is poised for substantial expansion and innovation.
For further details, the full report on the Recovery Footwear Market can be accessed at the following link:
For related market reports, you may also be interested in:
For any inquiries or further information, you can reach out to Fact.MR at their US Sales Office:
- Address: 11140 Rockville Pike, Suite 400, Rockville, MD 20852, United States
- Tel: +1 (628) 251-1583
- E-Mail: sales@factmr.com
Fact.MR is a trusted research partner of 80% of Fortune 1000 companies across the globe, consistently growing in the field of market research with more than 1000 reports published every year.
I hope this information provides a comprehensive overview of the recovery footwear market and its related concepts. If you have any further questions or need additional details, feel free to ask!
