Persistence Market Research’s latest study on ‘Recovery footwear Market’ features a holistic view of the market size, market share, profit estimates, SWOT analysis and the regional growth analysis. The report precisely analyzes key challenges and future growth prospects for the key stakeholders, while highlighting the current competitive scene and expansion strategies adopted by leading market players.
Recovery footwear Market Overview
In the first two decades of the 21st century, people have begun to take their health a lot more seriously. The ills of leading a hectic (but sedentary) lifestyle have been well documented. Thus, various fitness activities like cycling, hiking, walking, swimming and working out at the gym have seen a marked rise in their attendance numbers. While trainers are considered appropriate exercise wear, there has been a new trend recently – that of ‘recovery footwear’ to follow it. It is a new footwear category devised by manufacturers to sell their shoes which give feet extra cushioning and support after a long, hard workout. It has even led to the emergence of the recovery footwear market that is distinct from that of the trainer or sports shoe market. Recovery footwear can include shoes, sandals, or even flip-flops that are typically breathable, lightweight, well-cushioned and supportive. Their main purpose is to unburden your feet immediately, get them dry, help in providing pain relief from any impact injury, and cradle the foot arch.
Recovery footwear Market Drivers & restraints
An average active person can take anywhere between 8,000 to 13,000 steps in a single day. Each step can add the stress of 3 to 5 times your own body weight in terms of impact forces on the body. Unstable movement can lead to a number of muscular problems or imbalances. Recovery footwear helps to stabilise the foot and provide support and comfort. They are typically made of foam, which provides a luxurious feel, and strong arch support. The recovery footwear market can offer instant pain relief for aching joints like knees and ankles, which can afflict sportspeople all too often. These products are also waterproof and bacteria resistant more often than not, which makes them easy to use when out and about. They can even be tossed into the shower or washing machine for a quick wash which makes them perfect for those individuals who live an extremely active lifestyle.
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The biggest recovery footwear market restraint is the lack of clarity or use case for the product. It can be quite challenging to convince customers to spend their hard-earned money on specialised recovery footwear, when they already have regular sandals, slippers or shoes. This footwear is not medically certified to heal your feet or make them ‘recover’ from any injury. The scientific evidence on requiring an individual to take off their running shoes after exercise and replacing it with one of these is still mixed at present. Many people would simply continue to use their existing footwear, especially the cash-strapped customers who do not see the need to purchase an additional pair of shoes or sandals simply for ‘recovery’ sake.
A second challenge in the recovery footwear market is their less than attractive designs. Recovery footwear typically focuses more on function than form and they are meant to provide the ultimate luxury and comfort for your feet. An emphasis on cushioning material like foam means that they sacrifice their attractiveness to an extent, which can be a problem for those customers with a penchant for design. However, they have improved a great deal from the Croc-like moccasins of the past to the modern fresh-out-the-lab flip flops. Now, they can even be considered worthy of gracing your feet the night after an intense game or work out!
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Recovery footwear Market Key Market Players
Some of the recovery footwear market key market players include Under Armour, Nike, Superfeet, and adidas, Birkenstock, Montrail, OOFOS, Amuri, PR Soles, Mizuno, Telic and AWP Sports.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
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- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
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- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint