Argentina Athletic Footwear Market Overview, 2028

Argentina Athletic Footwear Market Overview, 2028

Argentina is a sports-loving nation, and athletic footwear plays a significant role in its sports culture. From football (soccer) to basketball, running, and tennis, athletic footwear is an essential part of sports equipment for both professionals and amateurs. Furthermore, athletic footwear has become part of mainstream fashion in Argentina, with many people wearing sneakers and trainers as part of their everyday outfits. This trend has also been fueled by collaborations between athletic footwear brands and fashion designers. Moreover, Argentina is known for its vibrant street art scene, and athletic footwear is often a popular subject for street artists. Sneakers and trainers have been painted, tagged, and transformed into works of art, reflecting their cultural significance in the country. In addition, Argentina is known for producing some of the world's greatest athletes, including football legend Diego Maradona and tennis star Gabriela Sabatini. These athletes and others have had a significant impact on the country's sports culture and have helped to popularize athletic footwear among young people. Furthermore, Argentina has a long history of shoe manufacturing, and several local brands produce athletic footwear that is designed and made in the country. This has helped to promote the importance of supporting local businesses and has also contributed to the cultural significance of athletic footwear in Argentina.

According to the research report ""Argentina Athletic Footwear Market Overview, 2028,"" published by Bonafide Research, the Argentina Athletic Footwear market is projected to reach market size more than USD 1 Billion by 2028. The Argentinean population has become more health-conscious in recent years, with a growing emphasis on leading a healthy lifestyle. This has resulted in a higher demand for athletic footwear, which is seen as an essential part of a fitness routine. Furthermore, Argentina's urban population is growing, and with it, the demand for comfortable and durable athletic footwear. City dwellers in Argentina often have to walk long distances or take public transportation, making comfortable and supportive shoes a must-have. Furthermore, many Argentinean consumers are loyal to specific athletic footwear brands and have a strong attachment to them. They often associate these brands with high quality, durability, and status, making them willing to pay a premium for them. In addition, outdoor activities such as hiking and camping are becoming more popular in Argentina, particularly among younger consumers. As a result, there is a growing demand for athletic footwear that can provide the necessary support and durability for these activities. In addition, a key fashion trend in the Argentine athletic footwear market is the use of retro designs and styles. Many brands are releasing updated versions of their classic designs from the 80s and 90s, which have become popular among both younger and older consumers. These retro designs often feature bold logos, bright colours, and chunky soles, which give them a distinctive and nostalgic look.

Based on product type, the market is divided into running shoes, training and walking shoes, sports shoes, aerobic and gym wear shoes, trekking and hiking shoes, and others (cross-training shoes, walking shoes, dance shoes, etc.). Among them, the running shoes, training shoes, and walking shoes had the highest market share during the forecast period. There is a growing awareness of the importance of physical activity and the impact of footwear on overall health. Consumers are more likely to invest in high-quality footwear that provides support, comfort, and protection during physical activity. Sports shoes are expected to have the highest CAGR during the forecast period, reflecting the increase in the popularity of sports and fitness activities in Argentina, particularly among younger generations. Sports shoes are designed to provide comfort, support, and protection during high-intensity activities such as running, basketball, soccer, and other sports.

Based on sports footwear type, soccer shoes have the largest market share in the US athletic footwear market. Soccer is the most popular sport in Argentina, with a large and passionate fan base. The sport is deeply ingrained in the country's culture, and many young people aspire to become professional soccer players. This strong soccer culture and the popularity of the sport may contribute to the high demand for soccer shoes in the Argentine market. Basketball shoes are projected to have the highest CAGR during the forecast period. Basketball shoes are designed specifically for the sport of basketball, with features such as high ankle support, a durable sole, and a lightweight design for jumping and quick movements on the court.

Men have the highest market share in the Argentina athletic footwear market based on end-user due to Men tend to participate in sports more frequently than women, and this has a direct impact on the demand for athletic footwear. Men are more likely to engage in activities that require athletic footwear, such as running, basketball, soccer, and weightlifting, among others. Women have the highest CAGR during the forecast period. Women are increasingly interested in fitness and physical activity, which is driving the demand for athletic footwear. They are participating in a wide range of activities, such as running, yoga, and CrossFit, which require specialised footwear. However, with the rise in childhood obesity rates and the growing awareness of the importance of physical activity, parents are encouraging their children to participate in sports and outdoor activities. This has led to an increase in demand for athletic footwear for kids.

Argentina Athletic Footwear Market Based on distribution channel, Hyperment/Supermarket has the largest market share. Hypermarkets and supermarkets also offer a wide range of athletic footwear from various brands at competitive prices, making them a popular choice among consumers. These retailers have significant bargaining power due to their large purchasing volumes, allowing them to negotiate better prices with suppliers and pass on the cost savings to their customers. Some of the popular hypermarkets and supermarkets in Argentina where athletic footwear is sold include Carrefour Argentina, Coto, and Walmart Argentina, Disco, Jumbo, Vea Supermercados, La Anónima, Easy, Farmacity, Supermercados Da, and many more Online distribution had the highest CAGR during the forecast period in the Argentina athletic footwear market due to the increasing trend of online shopping and the convenience it offers. Some of the popular online channels where athletic footwear is sold in Argentina are Mercado Libre Argentina, Netshoes, Dafiti Argentina, Falabella, Frávega, Garbarino, Sprinter, Stock Centre, BigBox, Grimoldi, and many more.

The Argentinean government has implemented several trade policies to support the local athletic footwear industry. One such policy is the imposition of tariffs on imported footwear, which increases the cost of foreign-made shoes and makes locally produced athletic footwear more competitive. In addition, the government has also implemented import restrictions on foreign-made shoes to limit the amount of competition from foreign brands. Furthermore, the Argentinean government has implemented several programmes to support the development of the local athletic footwear industry. For instance, the government offers subsidies to local companies that invest in research and development of new products or production techniques. Additionally, the government has implemented tax incentives to encourage the development of the local athletic footwear industry. The main organization representing the athletic footwear industry in Argentina is the Argentine Chamber of Sports Goods Manufacturers (CAFM). CAFM represents manufacturers and distributors of sports goods, including athletic footwear, and is responsible for promoting the industry's interests and supporting the development of the local market.

Some recent product launches of athletic footwear in Argentina may include the following: In 2021, Nike launched the Air Zoom Pegasus 38, an updated version of its popular running shoe. The shoe features a new cushioning system and a breathable upper for improved comfort and performance. Furthermore, in 2021, Adidas will launch the Ultraboost 21, the latest version of its popular running shoe. The shoe features a new sole design and updated materials for enhanced comfort and support. Moreover, Puma launched the Calibrate Runner in 2021, a running shoe that uses data-driven design to provide personalised cushioning and support for each individual wearer. Furthermore, Reebok launched the Nano X1, a cross-training shoe designed for high-intensity workouts, in 2021. The shoe features a new lightweight design and improved stability and support for a range of training activities. In addition, in 2021, Under Armour launched the Flow Velociti Wind, a running shoe with a unique cushioning system that adapts to the wearer's individual stride and pace.

Considered in this report
• Geography: Argentina
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Argentina Athletic Footwear market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Running Shoes, Training and Walking Shoes
• Sports Shoes
• Aerobic and gym wear shoes
• Trekking & Hiking Shoes
• Others (cross-training shoes, walking shoes, dance shoes, etc.)

By Sports Type:
• Tennis Shoes
• Soccer Shoes
• Basketball Shoes
• Cricket Shoes
• Others

By End User:
• Men
• Women
• Kids

By Distribution Channel
• Hypermarkets/Supermarkets
• Specialty Stores
• Brand Outlets
• Online Channels
• Others (General retail, B2B, etc.)

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, government-generated reports, and databases. After gathering the data from secondary sources, primary research was conducted by making telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started doing primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the Athletic Footwear industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.