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.
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 landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of running footwear market vendors
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Running Footwear Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Decelerate at a CAGR of -1% |
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Market growth 2020-2024 |
$ 1.16 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
-7.50 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
MEA at 5% |
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Key consumer countries |
US, China, Germany, UK, and Japan |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
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. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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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. |