Global Sports and Athletic Insoles Market to reach US$ 17 billion by 2033, rising at a CAGR of 6.6%: FMI Report

The sports and athletic insoles market is predicted to be valued at US$ 9 billion in 2023 and US$ 17 billion by 2033.

Over the projection period, sales in the sports and athletic insoles market are expected to increase at a CAGR of 6.6%. A prominent trend is the rising demand for smart insoles integrated with sensor technology. These insoles provide real-time data on foot pressure, gait analysis, and performance metrics, enabling athletes to optimize their training and prevent injuries.

An emerging trend is the increasing focus on sustainable and eco-friendly materials. Consumers are seeking insoles made from recycled or biodegradable materials, reflecting their environmental consciousness. Customization is gaining traction in the market. Companies are offering personalized insoles tailored to an individual’s foot shape, arch type, and specific athletic activities. This trend caters to the growing demand for comfort, support, and injury prevention.

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The market also presents opportunities in the realm of medical applications. Insoles designed for medical conditions such as plantar fasciitis, diabetes, and arthritis are in high demand, driven by the aging population and the increasing prevalence of these conditions. The sports and athletic insoles market is witnessing the convergence of technology, sustainability, customization, and medical needs, providing vast prospects for innovation and market expansion.

Key Takeaways from the Sports and Athletic Insoles Market:

  • The United States is projected to hold a market share of more than 70.0% in North America until 2023.Italy is forecasted to capture a market share of over 11.3% in Europe until 2023.
  • India is expected to secure a market share of over 29.7% in South Asia by 2023.
  • Among various base material types, rubber is experiencing the highest level of popularity. This segment is anticipated to maintain its leading position in the foreseeable future.

“The sports and athletic insoles market is experiencing rapid growth due to trends like smart insoles, sustainability, customization, and medical applications, presenting significant opportunities for market players”, remarks an analyst at FMI.

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How Key Players are revolutionizing the Manufacturing of Sports and Athletic Insoles market?

Key players in the sports and athletic insoles market are revolutionizing manufacturing processes to meet evolving consumer demands. They are incorporating advanced technologies such as 3D printing, computer-aided design (CAD), and robotics to enhance production efficiency and customization capabilities.

This allows for the creation of personalized insoles that offer precise support and comfort based on individual foot measurements and activity requirements. These players are investing in research and development to develop innovative materials and designs that enhance performance, durability, and sustainability. By embracing technological advancements and focusing on innovation, key players are driving the transformation of the sports and athletic insoles market, providing enhanced products and experiences to consumers.

Key Players in the Market:

  • Aetrex Worldwide, Inc.
  • Invent Medical Group, s.r.o. (8 Sole)
  • Materialise Phits Insoles
  • AF Group
  • ALINE Systems, Inc.
  • Bauerfeind
  • Birkenstock USA
  • Currex GmbH
  • Diafarm Laboratories (Noene)
  • Foot Science International
  • Footbalance System Ltd.
  • Guangzhou Shunyang SM Co Ltd.
  • Implus LLC
  • Ottobock Holding
  • Peacocks Medical Group
  • Reckitt Benckiser (Scholl)
  • RSscan Lab Ltd.
  • Sorbothane, Incorporated
  • Texon International Group Limited
  • Wiivv Wearables Inc.
  • Digitsole

Product Portfolio:

  • Foot Science International is known for its FootBalance custom insoles and orthotics that provide personalized support and comfort for customers’ feet, enhancing their overall well-being.
  • Footbalance System Ltd. offers a diverse product portfolio of custom insoles, foot analysis systems, and related accessories, aimed at improving foot health and optimizing performance for athletes and individuals seeking personalized foot support.

More Insights Available

Future Market Insights offers an unbiased analysis of the sports and athletic insoles market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the sports and athletic insoles market, the report is segmented on the basis of By Base Material Type (Polymer, Plastic, Rubber, Carbon Fiber and Silicone), By Size (U.S.) (% of Demand) (4 – 5, 6 – 7, 8 – 9, 10 – 11 and 12 – 13), By Consumer Orientation (Men, Women and Kids), By Sales Channel (Direct Sales, Indirect Sales, Hypermarkets/Supermarkets, Departmental Stores, Specialty Stores, Multi-brand Stores, Exclusive Stores/Franchised Stores, Online Retailers and Other Retail Channels),  across 5 major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Market by Category

By Base Material Type:

  • Polymer
  • Plastic
  • Rubber
  • Carbon Fiber
  • Silicone

By Size (U.S.) (% of Demand):

  • 4 – 5
  • 6 – 7
  • 8 – 9
  • 10 – 11
  • 12 – 13

By Consumer Orientation:

  • Men
  • Women
  • Kids

By Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Hypermarkets/Supermarkets
    • Departmental Stores
    • Specialty Stores
    • Multi-brand Stores
    • Exclusive Stores/Franchised Stores
    • Online Retailers
    • Other Retail Channels

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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