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 in the US has the potential to grow by USD 1.90 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.50%.

This running apparel and footwear market in the US 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 segmentation by end-user (men, women, and children) and distribution channel (offline and online). The running apparel and footwear market in US report also 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.

What will the Running Apparel and Footwear Market Size in the US be in 2021?

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Running Apparel and Footwear Market in the US: Key Drivers and Trends

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 market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the running apparel and footwear industry in the US get your FREE report sample now.

  • High-profit margin is one of the key factors driving the growth of the market during the forecast period.
  • Manufacturers focus on introducing new features in their footwear and make 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. 
  • Product innovation and differentiation are attributes that procure customer attention in the running apparel and footwear market in the US.
  • Advanced technical fabrications, creative product designs, and product development are facets that make running apparel and footwear premium-priced products. 
  • With growing health awareness, the adoption of outdoor sports and fitness activities has been rising across the US.
  • The demand for running apparel and footwear has also experienced a surge. 
  • Sports footwear is required for sports such as basketball, football, rugby, trail running, golf, and other workouts and activities. 
  • Manufacturers introduce new technologies in running apparel and footwear as per the requirements of a specific sport. 

This running apparel and footwear market analysis in the US 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 Apparel and Footwear Market in US Vendors?

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.

 

The running apparel and footwear market in the US is fragmented and the vendors are deploying growth strategies such as product launches 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 apparel and footwear market forecast in the US report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Distribution Channel Segments in the Running Apparel and Footwear Market in the US?

Running-Apparel-And-Footwear-Market-In-US-Market-Share-by-Distribution Channel-2020-2025

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The revenue of the offline distribution channel comes from the sales of running apparel and footwear through specialty stores (including brand-owned stores, multi-brand stores, apparel stores, and fashion and personal accessories stores), hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores. The revenue of this segment has been declining gradually over the years due to the increasing preference for online shopping. 

However, owing to the outbreak of COVID-19, offline distribution channels are expected to remain impacted severely until the first half of 2021, especially in red zone countries such as the US. Fetch 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 apparel and footwear market size in the US.

 

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive running apparel and footwear market growth in the US during the next five years
  • Precise estimation of the running apparel and footwear market size in the 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 the 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 vendors in the US

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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.

INFORMATION 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

DATA 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

REPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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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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