Malaysia Sports Shoes Market (2022-2028) | Size, Outlook, Industry, Share, Growth, Revenue, Forecast, Analysis, Trends, Value & COVID-19 IMPACT

Malaysia Sports Shoes Market Synopsis

Malaysia Sports Shoes Market is expected to experience significant growth owing to many socio-cultural factors. The major drivers for the market growth are the growing population, rising disposable incomes, and changing lifestyle. The other factors that are driving the market growth include the growing popularity of sports, government initiatives to promote sports, and increasing participation of women in sports. The growing health consciousness among people and the increasing participation in sports activities are the major factors driving the growth of the Malaysia sports shoes market.

According to 6Wresearch, the Malaysia Sports Shoes Market size is expected to grow during 2022-2028. A number of factors are driving changes in the market, including the growing popularity of sportswear and athleisure wear, the rise of e-commerce, and changing consumer preferences.

The most significant change in the Malaysia Sports Shoes Market growth has been the growing popularity of sportswear and athleisure wear. In recent years, there has been a shift away from traditional formalwear towards more casual and comfortable clothing. This has led to an increase in demand for sports shoes, as they are seen as more comfortable and stylish than traditional dress shoes.

The rise of e-commerce has also had an impact on the Malaysia sports shoes market. Online shopping is becoming increasingly popular, particularly among younger consumers. This is leading to a change in where people buy their sports shoes, with more people opting to purchase them online instead of in brick-and-mortar stores.

Finally, changing consumer preferences are also impacting the Malaysia sports shoes market. Consumers are becoming more health-conscious and are looking for products that offer both style and comfort. This is leading to an increase in demand for sneakers and other athletic footwear.

However, the Malaysia sports shoes market revenue is currently facing a number of challenges, which are impacting growth. Firstly, the country’s economy has been relatively weak in recent years, which has led to reduced consumer spending power and lower demand for sports shoes. In addition, competition from other Southeast Asian countries has been intensifying, as brands look to capitalize on the region’s growing middle class. 

The high cost of branded products and tough competition from local players are some of the major challenges faced by industry participants. Additionally, the presence of counterfeit products in the market is also restraining market growth to some extent. The Asia Pacific Sports Shoes Market has been also facing similar issues.

Malaysia Sports Shoes Market Highlights

Report Name	Malaysia Sports Shoes Market
Base Year	2021
Historical Period	2018-2021
Forecast Period	2022-2028
Market Size	XXXX
Revenue Forecast	XXXX
Growth Rate	XXXX
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Gender Type, By Distribution Channel
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Impact of COVID-19 on the Malaysia Sports Shoes Market

The pandemic affected the Global sports shoes market to a great extent as strict lockdown created isolation of the market from the consumers which resulted in no movement of individuals which in turn affected the demand for the shoes in the Malaysian market.

Market Analysis based on distribution channels

Based on distribution channels, offline segment has the dominating share owing to department stores and sporting goods stores which are the two most important channels for sports shoe brands in Malaysia. However, online sales are also gaining momentum, as consumers become more comfortable making purchases via e-commerce platforms.

Some key insights that have been gleaned from customer surveys

The Malaysia sports shoes market is highly competitive with numerous local and international brands vying for a share of the pie. In order to better understand the needs of customers and develop strategies to address them, it is important to gain insights into customer preference and purchasing behaviour.

The majority of respondents prefer to purchase sports shoes from physical stores rather than online. This preference is likely due to the ability to try on and inspect the products in person before making a purchase.

When it comes to price, most respondents are willing to spend between RM100 – RM250 (US$24 – US$60) on a pair of sports shoes. This indicates that there is room for premium pricing in the market.

Respondents cited comfort as the most important factor when choosing a pair of sports shoes, followed by style/aesthetics and then price. This highlights the need for brands to focus on developing comfortable products that also appeal to customers’ sense of style.

Key Players operating in the Malaysia Sports Shoes Market

The Malaysia sports shoes market share is highly competitive, with a large number of local and international brands vying for market share. The major players in the Malaysia sports shoe market include :

• Adidas AG (Germany)
• Nike Inc. (US)
• Puma SE (Germany)
• New Balance Athletics Inc. (US)
• Under Armour Inc. (US)
• Asics Corporation (Japan)
• Skechers USA Inc.(US)
• VF Corporation (US)
• Li Ning Company Limited (China)
• Anta Sports Products Limited(China).

Adidas is one of the leading brands in the Malaysia sports shoes market. The brand has a strong presence across all channels, including specialty stores, department stores, and online retailers. Adidas offers a wide range of products for different sporting activities, including running, training, and football. The brand has a strong focus on innovation and technology, which has helped it to maintain its position as a leading player in the Malaysia sports shoes market.

Nike is another leading brand in the Malaysia sports shoes market. Nike offers a wide range of products for different sporting activities, including running, training, football, and basketball. The brand has a strong focus on marketing and sponsorships, which has helped it to build a strong presence in Malaysia. Nike operates its own e-commerce store in Malaysia, which provides customers with convenient access to its products.

Puma is another leading brand in the Malaysia sports shoes market. Puma also offers a wide range of products for wide variety of uses.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Malaysia Sports Shoes Market Outlook
• Market Size of Malaysia Sports Shoes Market, 2021
• Forecast of Malaysia Sports Shoes Market, 2028
• Historical Data and Forecast of Malaysia Sports Shoes Revenues & Volume for the Period 2018 - 2028
• Malaysia Sports Shoes Market Trend Evolution
• Malaysia Sports Shoes Market Drivers and Challenges
• Malaysia Sports Shoes Price Trends
• Malaysia Sports Shoes Porter's Five Forces
• Malaysia Sports Shoes Industry Life Cycle
• Historical Data and Forecast of Malaysia Sports Shoes Market Revenues & Volume By Gender Type for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Sports Shoes Market Revenues & Volume By Men for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Sports Shoes Market Revenues & Volume By Women for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Sports Shoes Market Revenues & Volume By Kids for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Sports Shoes Market Revenues & Volume By Distribution Channel for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Sports Shoes Market Revenues & Volume By Online for the Period 2018 - 2028
• Historical Data and Forecast of Malaysia Sports Shoes Market Revenues & Volume By Offline for the Period 2018 - 2028
• Malaysia Sports Shoes Import Export Trade Statistics
• Market Opportunity Assessment By Gender Type
• Market Opportunity Assessment By Distribution Channel
• Malaysia Sports Shoes Top Companies Market Share
• Malaysia Sports Shoes Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Sports Shoes Company Profiles
• Malaysia Sports Shoes Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Gender Type 

• Men
• Women
• Kids

By Distribution Channel

• Online
• Offline