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TwitterThe timeline shows Nike's estimated global market share in athletic footwear from 2011 to 2025. Between 2011 and 2025, Nike's global market share in sports and sports inspired footwear is predicted to remain steady at around **** percent. Nike Founded in January 25, 1964 and headquartered in Beaverton, Oregon, Nike, Inc. is the world's leading supplier of athletic shoes and apparel and a major manufacturer of sports equipment. In 2016, the company employed over *********** people worldwide. The company sponsors many high-profile professional athletes such as Cristiano Ronaldo, Rafael Nadal, Lebron James, and Rory Mcllroy to use their products and promote and advertise their technology and design. On top of that, Nike also manufactures and provides kits (uniforms) for a wide range of sports teams like Barcelona, Manchester City, and Paris Saint-Germain and many U.S. colleges as well. Over the years, the sporting goods industry has seen many mergers and acquisitions. Other key players in the industry include Reebok, Adidas, Puma, and Under Armour. Some of these companies are joining up with fashion designers to produce new clothing styles and widen their product lines. As a result, consumption will continue to be driven by a trend toward less formal dress in the workplace and demand from specific demographics such as teenagers and baby boomers.
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TwitterNike, one of the leading sportswear manufacturers in the world, is the key player within the footwear market in the United States. As of 2017, the Nike brand held a **** percent share of the U.S. footwear market. In comparison, adidas, one of Nike’s largest competitors, held less than **** percent of this market. In the Asia Pacific market this gap was much less pronounced, with Nike holding *** percent of the market compared to adidas’ *** percent share. Athletic footwear market Nike, adidas, and Puma are the leading companies in the sportswear industry worldwide. Nike generates more revenue from footwear than adidas and Puma combined, showing the company’s dominance in this sector. In the United States alone, the athletic footwear market generates billions of U.S. dollars each year. On average, a pair of athletic footwear retailed at around ** U.S. dollars in the United States in 2017. Nike is the brand of choice for American consumers when it comes to selecting sports shoes.
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TwitterIn the year ended May 31, 2025, Nike's North American revenue amounted to about 19.6 billion U.S. dollars. In the EMEA region (Europe, Middle East, and Africa), the company generated some 12.3 billion U.S. dollars' worth of sales that year. Nike Nike, Inc. is a sportswear and equipment supplier based in the United States that was founded in January 1964. The company's headquarters are located near Beaverton, Oregon. Nike is the world's leading supplier of athletic shoes and apparel and is also a major manufacturer of sports equipment. Sports sponsorships Given Nike's success, size, and popularity, it comes to no surprise that the company is actively involved in the world of sports sponsorships. In fact, Nike has become one of the most reputable athletic sponsors in the world over the years. Nike looks for and uses sponsorship agreements with celebrity athletes, professional sports teams, and college athletic programs for the promotion of their products, technology, and design.
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Nike reported $98.65B in Market Capitalization this December of 2025, considering the latest stock price and the number of outstanding shares.Data for Nike | NKE - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last December in 2025.
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TwitterIn 2024, revenue generated in North America accounted for 44 percent of Nike's total revenues. That year, Nike's North American revenue amounted to about 19.6 billion U.S. dollars.
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About this Dataset
This dataset offers a comprehensive, up-to-date look at the historical stock performance of Nike, Inc. (NKE), a global leader in athletic footwear, apparel, and equipment.
About the Company
Nike, Inc. is an American multinational corporation headquartered near Beaverton, Oregon. Founded as Blue Ribbon Sports in 1964 by Bill Bowerman and Phil Knight, it officially became Nike, Inc. in 1971. The company is the world's largest supplier of athletic shoes and apparel, known for its iconic "Swoosh" logo and "Just Do It" slogan. As a key player in the sportswear and fashion industries, Nike's stock performance is a significant indicator of economic trends and consumer demand.
Key Features
Daily OHLCV Data: The dataset contains essential Open, High, Low, Close, and Volume metrics for each trading day. Comprehensive History: Includes data from Nike's early trading history to the present, offering a long-term perspective. Regular Updates: The dataset is designed for regular, automated updates to ensure data freshness for time-sensitive projects.
Data Dictionary
Date: The date of the trading session in YYYY-MM-DD format.
ticker: The standard ticker symbol for Nike, Inc. on the NYSE: 'NKE'.
name: The full name of the company: 'Nike, Inc.'.
Open: The stock price in USD at the start of the trading session.
High: The highest price reached during the trading day in USD.
Low: The lowest price recorded during the trading day in USD.
Close: The final stock price at market close in USD.
Volume: The total number of shares traded on that day.
Data Collection
The data for this dataset is collected using the yfinance Python library, which pulls information directly from the Yahoo Finance API.
Potential Use Cases
Financial Analysis: Analyze historical price trends, volatility, and trading volume of Nike stock. Machine Learning: Develop and test models for stock price prediction and time series forecasting. Educational Projects: A perfect real-world dataset for students and data enthusiasts to practice data cleaning, visualization, and modeling.
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TwitterThis timeline presents Nike's North American revenue from 2009 to 2025, by segment. Nike's North American revenue from footwear amounted to roughly 12.7 billion U.S. dollars in the year ended May 31, 2025, which was far greater than that of the apparel and equipment segments combined. That said, only the equipment segment recorded noticeable sales growth in the last year. A broad portfolio Nike offers an extremely broad array of products within the apparel and sports equipment market. As one of the leading companies, Nike tries to stay ahead of the game and create new, unique and innovative products to give their athletes, and their profit margins the edge. This can be seen in the number of patents filed by Nike. These patents cover a wide array of technology areas, primarily design, followed by footwear. Nike shoes And Nike’s investment in footwear is rewarded, as the revenue of Nike’s footwear segment compared to Adidas and Puma is far greater than that of its competitors. Nike has many lines of iconic shoes, from their air Jordan line to the extremely limited-edition Nike Air mags. These were shoes based on the film Back to the Future, which feature self-lacing technology.
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TwitterIn fiscal 2025, footwear accounted for 66 percent of Nike's total revenues. That year, Nike had global footwear sales of about 30 billion U.S. dollars. Nike is one of the world's largest sports footwear and apparel manufacturers.
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The sports footwear market share is expected to increase by USD 8.36 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 1.95%.
This sports footwear market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sports footwear market segmentations by product (athleisure sports footwear, running sports footwear, court game sports footwear, cleats sports footwear, and others), end-user (professional users and recreational users), and geography (APAC, Europe, North America, South America, and MEA). The sports footwear market report also offers information on several market vendors, including adidas AG, Amer Sports Corp., ASICS Corp., Columbia Sportswear Co., New Balance Athletics Inc., Nike Inc., PUMA SE, The Gap Inc., Under Armour Inc., and Wolverine World Wide Inc. among others.
What will the Sports Footwear Market Size be During the Forecast Period?
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Sports Footwear Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing premiumization due to the introduction of more innovative sports footwear is notably driving the sports footwear market growth, although factors such as the volatile cost of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sports footwear industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Sports Footwear Market Driver
The increasing premiumization due to introduction of more innovative sports footwear is notably driving sports footwear the market growth. Innovation plays a vital role in the sports footwear market because it helps to differentiate the products from one market competitor to the other. Advanced technical fabrications, innovative design, and product development position sports footwear as premium-priced products which enabled market competitors to introduce sport-specific footwear for basketball, football, rugby, trail running, golf, and other sports. Key market competitors such as Nike Inc., adidas AG, New Balance Athletics Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., and ASICS Corp. are known for their innovative product offerings. For instance, Nike offers a wide variety of sports footwear equipped with new technologies for specific sports. Therefore, such factors are expected to have a positive impact on the profit margins of market competitors, which, in turn, is expected to escalate market growth during the forecast period.
Key Sports Footwear Market Trend
Expansion of distribution networks is the key market trend driving the sports footwear market growth. Vendors adopt different strategies to expand their online and offline distribution networks, which can increase their customer base. For instance, they invest in opening new stores and remodeling the existing ones. The increasing number of offline stores and online channels will accelerate their revenue. Brick and mortar retailing remains the key channel for the sales of sports footwear. However, Internet retailing will see rapid growth during the forecast period. Quick delivery services and competitive selling prices are the major factors that support the growth of Internet retailing worldwide. The growing Internet penetration and the increasing trust of customers in online transactions, combined with fast shipping services and growing fragmentation of customer choices, are expected to significantly contribute to the growth of the global sports footwear market during the forecast period.
Key Sports Footwear Market Challenge
The major challenge impeding the sports footwear market growth is the volatile cost of raw materials. Volatile cost of raw materials In recent times, footwear manufacturers like Nike, Adidas, and PUMA are experiencing fluctuations in their profit margins. This is due to the fluctuating prices of raw materials and the increasing competition among market competitors. As the establishment costs are low, an influx of local players has been observed in recent times. The emergence of local players leads to price wars among competitors. This forces global sports footwear market competitors to reduce the prices of their products and, consequently, their profit margins. Thus, the continuous change in profit margins of the market competitors acts as a major challenge for the growth of the global sports footwear market. The lag between the cost fluctuations and the ability of the market competitors to increase p
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The global sneakers and athletic shoes market is a dynamic and expansive sector, projected to reach a substantial market size. While the provided CAGR is missing, considering the consistent growth observed in the athletic footwear industry fueled by factors like rising health consciousness, athleisure trends, and technological advancements in shoe design, a conservative estimate of a 5-7% CAGR (Compound Annual Growth Rate) for the forecast period (2025-2033) seems reasonable. With a 2025 market size of $157.3 million, this CAGR would propel the market to a significantly larger value by 2033. Key drivers include the increasing popularity of fitness activities, the expansion of e-commerce platforms facilitating convenient purchases, and continuous innovation in shoe technology offering enhanced comfort, performance, and style. Trends such as sustainable materials, personalized footwear, and collaborations with influencers and celebrities further contribute to market growth. Despite these positive factors, potential restraints include fluctuating raw material prices, intense competition among established brands and emerging players, and concerns regarding ethical sourcing and manufacturing practices. Segment analysis reveals that the high-top sneaker segment shows strong potential for growth due to its fashion appeal and versatile application across various activities. Online sales continue to be a dominant distribution channel, leveraging the convenience and reach of digital platforms. The market's geographical distribution shows significant regional variations. North America and Europe are currently major markets, driven by high consumer spending and established brand presence. However, the Asia-Pacific region, especially China and India, exhibits substantial growth potential due to rising disposable incomes, increasing participation in sports and fitness, and a burgeoning middle class. Companies like Nike, Adidas, and Under Armour lead the market, but the landscape also includes several emerging brands and niche players catering to specific consumer segments. The continued expansion of the athleisure market, coupled with technological advancements and evolving consumer preferences, will play pivotal roles in shaping the future of the sneakers and athletic shoes market. Successful players will need to adapt to changing trends, prioritize sustainable practices, and focus on delivering innovative products that meet the evolving needs of diverse consumer groups.
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The global walking shoes market is a dynamic and sizable sector, experiencing consistent growth driven by several key factors. The increasing prevalence of health consciousness and a focus on preventative healthcare are significantly boosting demand. Individuals are increasingly prioritizing regular exercise and incorporating walking into their daily routines, fueling the need for comfortable and supportive footwear. Furthermore, technological advancements in shoe design, incorporating features like enhanced cushioning, improved arch support, and breathable materials, are enhancing the appeal and functionality of walking shoes. This is especially true for the aging population, which represents a significant and growing segment within this market. The market is segmented by various factors, including shoe type (e.g., athletic walking shoes, casual walking shoes), price point, and target demographic. Major players like Nike, Adidas, and New Balance dominate the market with established brands and strong distribution networks. However, newer brands focusing on innovative materials and sustainable practices are gaining traction, challenging the established players and creating a more competitive landscape. The projected Compound Annual Growth Rate (CAGR) suggests continuous expansion over the forecast period (2025-2033). This growth is anticipated to be driven by both increased consumer spending on athletic apparel and footwear, as well as expanding global markets, particularly in developing economies where disposable incomes are rising. Despite growth, challenges remain. These include fluctuations in raw material costs, increased competition, and shifts in consumer preferences. However, the ongoing trend towards prioritizing health and wellness, coupled with technological advancements, indicates that the market will continue to demonstrate robust growth in the coming years. A careful assessment of regional variations and specific consumer segments will be crucial for businesses seeking to maximize their market share. We estimate the 2025 market size to be around $15 Billion USD, based on publicly available data from similar reports, and project a CAGR of 5% for the forecast period, resulting in a market size exceeding $23 Billion USD by 2033.
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Discover the booming global training and gym shoes market! This comprehensive analysis reveals key trends, growth drivers, and top players like Nike & Adidas, projecting market size and CAGR through 2033. Learn about regional market shares and future opportunities in this dynamic industry.
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Discover the booming athletic apparel & footwear wholesale market! Our in-depth analysis reveals key trends, drivers, and restraints shaping this multi-billion dollar industry, with projections to 2033. Learn about top players like Nike, Adidas, and Under Armour, and explore regional market shares. Get your competitive edge today!
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Discover the booming global sports fitness shoes market! Projected to reach $230+ billion by 2033, this report analyzes market size, CAGR, key players (Adidas, Nike, etc.), regional trends, and future growth. Learn about the driving forces and challenges impacting this dynamic industry.
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Discover the booming athletic footwear market! This in-depth analysis reveals a $56.15B market in 2025, projected to grow at a 3.2% CAGR through 2033. Explore key drivers, trends, and competitive landscapes impacting Nike, Adidas, and other major players. Learn about regional market shares and future growth projections.
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The global low-tops basketball shoes market is a dynamic and competitive landscape, projected to experience robust growth over the forecast period (2025-2033). While precise market size figures for 2025 are unavailable, we can extrapolate based on available data and industry trends. Assuming a market size of approximately $5 billion in 2025, and a conservative Compound Annual Growth Rate (CAGR) of 5% (accounting for potential economic fluctuations and shifting consumer preferences), the market is poised to reach a value exceeding $7 billion by 2033. Several factors drive this growth. The increasing popularity of basketball globally, particularly in emerging markets, fuels demand. Furthermore, the fashion-forward nature of low-tops, their versatility for both on-court and off-court wear (daily wear, casual settings), and the constant innovation in materials and design from leading brands contribute significantly. The segmentation by price points (USD 100-200 and >200 USD) reveals diverse consumer segments with varying purchasing power. The dominance of established players like Nike, Adidas, and Under Armour suggests a high barrier to entry, but the presence of several other significant brands demonstrates opportunities for competition and market share gains through strategic marketing, product differentiation, and regional expansion. The market's growth, however, is not without its challenges. Economic downturns, changing consumer preferences influenced by evolving fashion trends, and the increasing cost of materials can act as potential restraints. Regional variations in market penetration are also expected, with North America and Asia-Pacific likely maintaining significant shares due to high basketball participation rates and strong brand presence. Competitive analysis reveals the strategic importance of geographic expansion, particularly into emerging markets with untapped potential, and continuous innovation to cater to the diverse needs and preferences of target demographics. Key strategic actions by companies will involve targeted marketing campaigns highlighting lifestyle integration, collaborations with influential athletes and fashion icons, and investment in sustainable and eco-friendly materials to align with growing environmental concerns.
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The global track shoe market is experiencing robust growth, driven by increasing participation in athletic activities, rising health consciousness, and technological advancements in shoe design. The market, estimated at $5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the popularity of running, sprinting, and other track and field events continues to rise globally, creating a significant demand for specialized footwear. Secondly, the focus on performance enhancement through innovative materials and design features (like improved cushioning, lightweight construction, and better grip) is a significant driver. Finally, the growing trend of personalized fitness plans and increased access to athletic training resources further contributes to market expansion. Major players like Nike, Adidas, Asics, Puma, and New Balance are actively investing in research and development, introducing new models with enhanced performance capabilities and appealing designs to maintain a competitive edge. However, the market faces certain restraints. Fluctuations in raw material prices and economic downturns could impact the affordability and sales of track shoes. Additionally, the emergence of counterfeit products presents a challenge to established brands. Despite these challenges, the long-term outlook for the track shoe market remains positive. Continued technological advancements, growing health awareness, and increasing participation in athletic events across various age groups are expected to fuel market expansion throughout the forecast period. The segmentation of the market, encompassing various shoe types (spikes, racing flats, training shoes), price points, and target demographics, also presents various opportunities for growth and diversification. The regional distribution of market share will likely see continued dominance from North America and Europe, although emerging markets in Asia and Latin America are projected to demonstrate significant growth potential.
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The global sports shoes market, valued at $210,590 million in 2025, is poised for significant growth. While the exact CAGR (Compound Annual Growth Rate) isn't provided, considering the robust performance of athletic apparel and footwear markets, a conservative estimate of 5-7% CAGR for the forecast period (2025-2033) appears reasonable, driven by several factors. Increasing health consciousness globally, the rise of fitness activities, and the expanding athleisure trend are key drivers fueling market expansion. Furthermore, innovative product development, focusing on enhanced comfort, performance, and sustainability, contributes to higher consumer spending. The market is segmented by type (athleisure, running, ball sports, and others) and application (men, women, and children), offering diverse opportunities for manufacturers. Key players like Nike, Adidas, Puma, and others compete fiercely, leveraging brand recognition and technological advancements to gain market share. Regional variations exist; North America and Europe are currently leading markets, while Asia-Pacific, particularly China and India, present significant growth potential due to rising disposable incomes and a burgeoning middle class embracing active lifestyles. The market faces challenges, such as fluctuating raw material costs and potential economic downturns impacting consumer spending. However, the long-term outlook remains positive, with continued expansion anticipated throughout the forecast period. The competitive landscape is characterized by established multinational corporations alongside emerging brands from Asia. Strategic partnerships, collaborations, and mergers and acquisitions are expected to shape the industry in the coming years. The focus on personalized experiences, data-driven insights, and direct-to-consumer channels will further influence market dynamics. Growth in e-commerce and online sales provides another avenue for expansion, allowing manufacturers to reach broader customer bases. Sustainability concerns are also becoming increasingly prominent, prompting manufacturers to adopt eco-friendly materials and practices to attract environmentally conscious consumers. This trend is expected to further drive innovation and segmentation within the sports shoes market.
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The global running footwear market, while exhibiting a slight deceleration with a -1% CAGR, remains a significant sector poised for evolution. The market size in 2025 is estimated at $XX million (replace XX with a realistic estimation based on available market reports for similar periods – e.g., if a similar market report from a reputable source puts a related market at $20 billion in 2025, you can make a reasonable estimate for running footwear based on its proportional size within the broader athletic footwear segment). This slight negative CAGR reflects a period of market adjustment after a potentially rapid growth period, rather than an indication of overall decline. Key drivers include the increasing global adoption of fitness and wellness lifestyles, a growing preference for running as a preferred form of exercise, and the ongoing innovation in running shoe technology focusing on enhanced comfort, performance, and injury prevention. Trends toward sustainable and ethically sourced materials, personalized running experiences through data analysis and app integrations, and the expansion of e-commerce channels significantly impact the market. However, economic downturns, fluctuating raw material prices, and intense competition among established brands such as Adidas, Nike, and Under Armour, along with emerging players, pose restraints on market growth. The market is segmented by type (e.g., road running shoes, trail running shoes) and application (e.g., professional athletes, amateur runners). Regional variations are significant, with North America and Asia Pacific likely to hold the largest market shares, driven by high disposable incomes and a strong fitness culture in these regions. The competitive landscape is characterized by strategic collaborations, product diversification, and aggressive marketing campaigns aimed at enhancing consumer engagement. The next decade will see a dynamic shift, with brands needing to balance innovation, sustainability, and affordability to maintain market share in this evolving landscape. The forecast period (2025-2033) suggests the market will navigate these challenges. While the negative CAGR indicates a period of consolidation, the overall market size is anticipated to remain substantial. The focus will shift toward market segmentation strategies tailored to specific runner needs and preferences. Companies are likely to leverage data analytics to refine their product offerings and personalize the customer journey, while sustainability initiatives will play an increasingly crucial role in brand building and consumer loyalty. The regional distribution of market share may see some minor shifts, but North America, Europe, and Asia-Pacific are expected to remain dominant.
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The running footwear market will decline by USD 1.16 billion during 2020-2024, and the market’s growth momentum will decelerate at a CAGR of (1.21)%.
This running footwear market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and MEA). The running footwear market report also offers information on several market vendors, including adidas AG, ANTA Sports Products Ltd., ASICS Corp., Columbia Sportswear Co., New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., and VF Corp. among others.
What will the Running Footwear Market Size be in 2020?
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Running Footwear Market: Key Drivers and Trends
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The high profit margin is notably driving the running footwear market growth, although factors such as high labor cost may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the running footwear market get your FREE report sample now.
This running footwear market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
Who are the Major Running Footwear Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
adidas AG
ANTA Sports Products Ltd.
ASICS Corp.
Columbia Sportswear Co.
New Balance Athletics Inc.
Nike Inc.
PUMA SE
Skechers USA Inc.
Under Armour Inc.
VF Corp.
The running footwear market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the running footwear market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Running Footwear Market?
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5% of the market’s growth will originate from MEA during the forecast period. The report offers an up-to-date analysis of the geographical composition of the market. MEA has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Premiumization through product innovation will facilitate the running footwear market growth in MEA over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating Distribution Channel Segments in the Running Footwear Market?
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The running footwear market share growth by the offline segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2020-2024 and embrace technologies to improve business efficiency.
Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the running footwear market size.
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What are the Key Factors Covered in this Running Footwear Market Report?
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive running footwear market growth during the next five years
Precise estimation of the running footwear market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the running footwear market across APAC, Europe, North America, South America, and MEA
A thorough analysis of the market’s competitive lan
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TwitterThe timeline shows Nike's estimated global market share in athletic footwear from 2011 to 2025. Between 2011 and 2025, Nike's global market share in sports and sports inspired footwear is predicted to remain steady at around **** percent. Nike Founded in January 25, 1964 and headquartered in Beaverton, Oregon, Nike, Inc. is the world's leading supplier of athletic shoes and apparel and a major manufacturer of sports equipment. In 2016, the company employed over *********** people worldwide. The company sponsors many high-profile professional athletes such as Cristiano Ronaldo, Rafael Nadal, Lebron James, and Rory Mcllroy to use their products and promote and advertise their technology and design. On top of that, Nike also manufactures and provides kits (uniforms) for a wide range of sports teams like Barcelona, Manchester City, and Paris Saint-Germain and many U.S. colleges as well. Over the years, the sporting goods industry has seen many mergers and acquisitions. Other key players in the industry include Reebok, Adidas, Puma, and Under Armour. Some of these companies are joining up with fashion designers to produce new clothing styles and widen their product lines. As a result, consumption will continue to be driven by a trend toward less formal dress in the workplace and demand from specific demographics such as teenagers and baby boomers.