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Running Apparel and Footwear Market in US by End-user and Distribution Channel - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70508
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The running apparel and footwear market share in US is estimated to increase by USD 1.90 billion from 2020 to 2025 at an accelerating CAGR of 4%.

This market research report extensively covers running apparel and footwear market segmentations by the following:

  • End-user - Men, women, and children
  • Distribution channel - Offline and online

The running apparel and footwear market report in US offers information on several market vendors, including adidas AG, ASICS Corp., Brooks Sports Inc., Columbia Sportswear Co., New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., and VF Corp. among others. One of the key highlights of this report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the future.

What will the Running Apparel and Footwear Market Size in US be During the Forecast Period?

Download the Free Report Sample to Unlock the Running Apparel and Footwear Market Size in US for the Forecast Period and Other Important Statistics

 

Running Apparel and Footwear Market in US: Key Drivers, Trends, and Challenges

The high-profit margin is notably driving the running apparel and footwear market growth in the US, although factors such as high labor cost 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 running apparel and footwear market industry in the US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Running Apparel and Footwear Market Driver in the US

High-profit margin is one of the key factors driving the growth of the US running apparel and footwear market during the forecast period. Manufacturers focus on introducing new features in their footwear and making it suitable for sports such as running, tennis, basketball, and soccer. Manufacturers earn high profits from the premium-priced running footwear category. This is because although the manufacturing cost of running footwear is less, it is sold at high prices. The sale of running footwear allows producers and marketers to earn high operating margins as part of their total income. The company had stated that the 2019 operating margin was historically its highest. The higher operating margin for these companies positively impacted sales growth. Good financial performance boosts the sales of running apparel and footwear. 

Key Running Apparel and Footwear Market Trend in the US

The growing adoption of shoe knitting technology is one of the key US running apparel and footwear market trends fueling the market growth. Manufacturers of running apparel and footwear implement upgraded features in their products, which helps them differentiate themselves from their competitors. The shoe-knitting technology used in running footwear improves durability, flexibility, and convenience, as well as enhances comfort. The use of shoe knitting technology helps in lean management and lowers the need for labor. This can overcome challenges such as increased labor costs and production costs. It is a self-contained process that saves resources with respect to time, capital investment, and energy. This might significantly transform the entire traditional shoe manufacturing process during the forecast period. The adoption of the shoe-knitting technique has the potential to fuel the growth of the US running apparel and footwear market.

Key Running Apparel and Footwear Market Challenge in the US

The high labor cost will be a major challenge for the US running apparel and footwear market during the forecast period. Growing labor cost is one of the prominent operational challenges faced by the domestic and international players in the running apparel and footwear market in the US. The players operating in the US market have manufacturing facilities in multiple countries. Therefore, they experience variations in labor costs in different countries. Asian countries such as China, Indonesia, Bangladesh, and Vietnam have manufacturing contracts with US vendors in the running apparel and footwear market in the US. The international players that are based out of developed countries are now shifting their manufacturing facilities to places where labor cost is low. These factors will have a negative impact on the US running apparel and footwear market growth.

This running apparel and footwear market in US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the running apparel and footwear market in US as a part of the global apparel, accessories, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the running apparel and footwear market in US during the forecast period.

Who are the Major Running Apparel and Footwear Market Vendors in US?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • adidas AG
  • ASICS Corp.
  • Brooks Sports Inc.
  • Columbia Sportswear Co.
  • New Balance Athletics Inc.
  • Nike Inc.
  • PUMA SE
  • Skechers USA Inc.
  • Under Armour Inc.
  • VF Corp.

 

This statistical study of the running apparel and footwear market in US encompasses successful business strategies deployed by the key vendors. The running apparel and footwear market in US is fragmented and the vendors are deploying growth strategies such as focusing on new product launches to compete in the market.

Product Insights and News

  • ASICS Corp - The company offers running apparel and footwear such as GEL-FujiTrabuco 8 sneakers Gel-Nandi 360 sneakers, and others.

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.

The running apparel and footwear market in US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Running Apparel and Footwear Market in US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the running apparel and footwear market in US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the apparel, accessories, and luxury goods market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

What are the Revenue-generating End-user Segments in the Running Apparel and Footwear Market in US?

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The running apparel and footwear market share growth in the US by the offline segment will be significant during the forecast period. The revenue of this segment has been declining gradually over the years due to the increasing preference for online shopping. To fuel the sales through offline channels, vendors are expanding their stores in local and regional markets. The manufacturers of running apparel and footwear sell their products through both specialty stores and other retailing formats. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the running apparel and footwear market size in US and actionable market insights on post COVID-19 impact on each segment.

 

Running Apparel and Footwear Market Scope in US

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 1.90 billion

Market structure

Fragmented

YoY growth (%)

3.83

Regional analysis

US

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

adidas AG, ASICS Corp., Brooks Sports Inc., Columbia Sportswear Co., New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., and VF Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Running Apparel and Footwear Market Report in US?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive running apparel and footwear market growth in US during the next five years
  • Precise estimation of the running apparel and footwear market size in US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the running apparel and footwear industry in US 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of running apparel and footwear market vendors in US

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Men - Market size and forecast 2020-2025
    • Women - Market size and forecast 2020-2025
    • Children - Market size and forecast 2020-2025
    • Market opportunity by End user

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

    • Customer landscape
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • adidas AG
    • ASICS Corp.
    • Brooks Sports Inc.
    • Columbia Sportswear Co.
    • New Balance Athletics Inc.
    • Nike Inc.
    • PUMA SE
    • Skechers USA Inc.
    • Under Armour Inc.
    • VF Corp.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The running apparel and footwear market growth will increase by $1907.06 million during 2020-2025.
    The running apparel and footwear market is expected to grow at a CAGR of 4.05% during 2020-2025.
    Technavio has segmented the running apparel and footwear market by end user (Men, Women, and Children) ,distribution channel (Offline and Online) , and geographic (US).
    adidas AG, ASICS Corp., Brooks Sports Inc., Columbia Sportswear Co., New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armour Inc., VF Corp. are a few of the key vendors in the running apparel and footwear market.
    US will register the highest growth rate of 100.00% among the other regions. Therefore, the running apparel and footwear market in US is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the running apparel and footwear market growth are:
    • High profit margin
    The running apparel and footwear market vendors should focus on grabbing business opportunities from the men segment as it accounted for the largest market share in the base year.
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