Running Apparel Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

Published: May 2022 Pages: 126 SKU: IRTNTR73549

The running apparel market share is expected to rise to USD 18.06 billion by 2026, at an accelerating CAGR of 6.08%. This report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

This running apparel market research report extensively covers market segmentation by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and Middle East and Africa).

The running apparel market report also offers information on several market vendors, including 361 Degrees International Ltd., adidas AG, Amer Sports Corp., AnKT Shop, ASICS Corp., Brooks Sports Inc., Columbia Sportswear Co., Hanesbrands Inc., lululemon athletica Inc., Mizuno Corp., New Balance Athletics Inc., Newton Running Co. Inc., Nike Inc., PEAK, PUMA SE, Shop Li Ning, Skechers USA Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc. among others.

What will the Running Apparel Market Size be During the Forecast Period?

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Running Apparel Market: Key Drivers, Trends, and Challenges

The growing online sales of running apparel is notably driving the running apparel market growth, although factors such as inconsistent raw material prices may impede 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 industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Running Apparel Market Driver

One of the key factors driving the global running apparel market growth is the growing online sales of running apparel. Consumers are adopting online shopping in developed countries of areas such as North America and Europe. The emerging countries of APAC and the MEA are also expected to make significant contributions to the global market revenue. Competitive prices, convenience, heavy discounts, cash on delivery(COD) options, and fast-delivery services are factors attracting consumers to shop online. Nike Inc., Adidas AG, Under Armour Inc., and ASICS Corp. have their own web portals, which boosts the online sales of vendors. In addition, vendors such as Nike plan to concentrate specifically on their online businesses considering the changing consumer buying patterns. Moreover, in 2021, e-commerce became the primary distribution channel for Adidas AG. Furthermore, in July 2021, Puma SE announced the opening of a new digital-enabled store in Bengaluru, India. Such factors will drive the growth of the concerned market during the forecast period.

Key Running Apparel Market Trend

Digital and social media marketing is one of the key running apparel market trends that is expected to impact the industry positively in the forecast period. To compete in this intensely competitive market, manufacturers must develop, market, and promote their sports apparel through interactions with consumers on social media platforms. Consumers are engaged by market players using their innovative marketing campaigns on social media and digital platforms such as Instagram, Facebook, Pinterest, YouTube, and Twitter. Nike frequently uses such platforms to highlight social messages such as women's empowerment and tries to promote sports participation through advertisements aired on digital media and other social media platforms. For instance;

  • Companies such as Adidas AG, New Balance Athletics Inc., and Skechers USA Inc. have a significant presence on Instagram, Twitter, Pinterest, YouTube, and Facebook.
  • Skechers USA Inc. currently has approximately 47,500 followers on Twitter, and Nike has almost 9.1 million followers on the same social media platform. 

Key Running Apparel Market Challenge

One of the key challenges to the global running apparel market growth is the inconsistent raw material prices. As the establishment costs are low, an influx of local players has been observed in recent times. The price wars among competitors propel the global vendors to reduce their products' prices, thereby minimizing their profit margins. The prices of raw materials like cotton and natural fabrics are directly affected by foreign currency changes. Manufacturers find it difficult to anticipate spending or control costs due to price fluctuations. In addition, cost-driven end-users prefer low-cost running apparel rather than investing heavily in global brands. Such factors may limit the market growth during the forecast period.

This running apparel market 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global running apparel market 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 market during the forecast period.

Who are the Major Running Apparel Market Vendors?

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

 

  • 361 Degrees International Ltd.
  • adidas AG
  • Amer Sports Corp.
  • AnKT Shop
  • ASICS Corp.
  • Brooks Sports Inc.
  • Columbia Sportswear Co.
  • Hanesbrands Inc.
  • lululemon athletica Inc.
  • Mizuno Corp.
  • New Balance Athletics Inc.
  • Newton Running Co. Inc.
  • Nike Inc.
  • PEAK
  • PUMA SE
  • Shop Li Ning
  • Skechers USA Inc.
  • Under Armour Inc.
  • VF Corp.
  • Wolverine World Wide Inc.

 

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

Product Insights and News

  • adidas AG - The company offers running apparel such as Men's running Own the Run Tee and adidas Heat.RDY running tee.
  • adidas AG - Through the footwear segment, the company offers a wide range of footwear for men, women, and children.

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 market 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 Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the running apparel market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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.

Which are the Key Regions for Running Apparel Market?

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37% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for running apparel in North America. However, market growth in this region will be slower than the growth of the market in other regions.

The rising participation of the population in fitness activities like running in countries such as the US will facilitate the running apparel market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The regional running apparel market in the region faced certain challenges due to the COVID-19 pandemic in 2020. The US has been the worst-affected country by the pandemic in the region. The outbreak had led the governments of several countries across the region to impose a total lockdown. However, in 2021, retail outlets and fitness centers have reopened with restrictions lifted due to vaccination drives across the region. People have also started with their outdoor activities. Sporting events were held in 2021, which were postponed from 2020 due to COVID-19. US Open, Miami Open, and the National Basketball Association (NBA) Finals were held across the region in 2021. Thus, the regional running apparel market gained stability and is expected to grow during the forecast period.

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

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The running apparel market share growth by the offline segment will be significant during the forecast period. Offline stores provide a pleasant shopping experience as well as a diverse selection of products at reasonable rates. As a result, these stores assist vendors in growing their customer base, which will drive the market growth through this segment in the coming years.

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

 

Running Apparel Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.08%

Market growth 2022-2026

$ 18.06 billion

Market structure

Fragmented

YoY growth (%)

5.1

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

361 Degrees International Ltd., adidas AG, Amer Sports Corp., AnKT Shop, ASICS Corp., Brooks Sports Inc., Columbia Sportswear Co., Hanesbrands Inc., lululemon athletica Inc., Mizuno Corp., New Balance Athletics Inc., Newton Running Co. Inc., Nike Inc., PEAK, PUMA SE, Shop Li Ning, Skechers USA Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc.

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 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 Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive running apparel market growth during the next five years
  • Precise estimation of the running apparel market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the running apparel industry across North America, Europe, APAC, South America, and Middle East and Africa
  • 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 market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

  • 5.1 Market segments
    • Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
  • 5.2 Comparison by Distribution Channel
    • Exhibit 26: Chart on Comparison by Distribution Channel
    • Exhibit 27: Data Table on Comparison by Distribution Channel
  • 5.3 Offline - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)
  • 5.4 Online - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Distribution Channel
    • Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 Canada - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.12 UK - Market size and forecast 2021-2026
    • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 adidas AG
    • Exhibit 89: adidas AG - Overview
    • Exhibit 90: adidas AG - Business segments
    • Exhibit 91: adidas AG - Key news
    • Exhibit 92: adidas AG - Key offerings
    • Exhibit 93: adidas AG - Segment focus
  • 10.4 ASICS Corp.
    • Exhibit 94: ASICS Corp. - Overview
    • Exhibit 95: ASICS Corp. - Business segments
    • Exhibit 96: ASICS Corp. - Key news
    • Exhibit 97: ASICS Corp. - Key offerings
    • Exhibit 98: ASICS Corp. - Segment focus
  • 10.5 Columbia Sportswear Co.
    • Exhibit 99: Columbia Sportswear Co. - Overview
    • Exhibit 100: Columbia Sportswear Co. - Business segments
    • Exhibit 101: Columbia Sportswear Co. - Key news
    • Exhibit 102: Columbia Sportswear Co. - Key offerings
    • Exhibit 103: Columbia Sportswear Co. - Segment focus
  • 10.6 lululemon athletica Inc.
    • Exhibit 104: lululemon athletica Inc. - Overview
    • Exhibit 105: lululemon athletica Inc. - Business segments
    • Exhibit 106: lululemon athletica Inc. - Key offerings
    • Exhibit 107: lululemon athletica Inc. - Segment focus
  • 10.7 Mizuno Corp.
    • Exhibit 108: Mizuno Corp. - Overview
    • Exhibit 109: Mizuno Corp. - Key offerings
  • 10.8 New Balance Athletics Inc.
    • Exhibit 110: New Balance Athletics Inc. - Overview
    • Exhibit 111: New Balance Athletics Inc. - Business segments
    • Exhibit 112: New Balance Athletics Inc. - Key offerings
    • Exhibit 113: New Balance Athletics Inc. - Segment focus
  • 10.9 Newton Running Co. Inc.
    • Exhibit 114: Newton Running Co. Inc. - Overview
    • Exhibit 115: Newton Running Co. Inc. - Product / Service
    • Exhibit 116: Newton Running Co. Inc. - Key offerings
  • 10.10 Nike Inc.
    • Exhibit 117: Nike Inc. - Overview
    • Exhibit 118: Nike Inc. - Business segments
    • Exhibit 119: Nike Inc. - Key news
    • Exhibit 120: Nike Inc. - Key offerings
    • Exhibit 121: Nike Inc. - Segment focus
  • 10.11 Under Armour Inc.
    • Exhibit 122: Under Armour Inc. - Overview
    • Exhibit 123: Under Armour Inc. - Business segments
    • Exhibit 124: Under Armour Inc. - Key offerings
    • Exhibit 125: Under Armour Inc. - Segment focus
  • 10.12 VF Corp.
    • Exhibit 126: VF Corp. - Overview
    • Exhibit 127: VF Corp. - Business segments
    • Exhibit 128: VF Corp. - Key news
    • Exhibit 129: VF Corp. - Key offerings
    • Exhibit 130: VF Corp. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 131: Inclusions checklist
    • Exhibit 132: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 133: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 134: Research methodology
    • Exhibit 135: Validation techniques employed for market sizing
    • Exhibit 136: Information sources
  • 11.5 List of abbreviations
    • Exhibit 137: 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.

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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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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