Running Gear Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: Aug 2020
  • Pages: 120
  • SKU: IRTNTR44727
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The running gear market size has the potential to grow by $ 269.92 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (running footwear, running apparel, and others), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and MEA). Also, 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., and VF Corp.

Market Overview

Browse TOC and LoE with selected illustrations and example pages of Running Gear Market

Request a FREE sample now!

Market Competitive Analysis

The market is fragmented with the presence of well-established brands along with some local or regional vendors. Vendors are offering customizable athletic shoes and casual sports shoes. Factors such as product development and innovation and the introduction of many advanced technologies will intensify the level of competition among the players in this marketspace. adidas AG, ANTA Sports Products Ltd., and ASICS Corp. are some of the major market participants. Although the product innovation leading to category premiumization will offer immense growth opportunities, the increasing raw material cost impacting pricing strategy will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this running gear market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this running gear market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, 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.

Running Gear Market: Segmentation by Product

Request for a FREE sample and Get more information on the market contribution of various segments

The global running footwear market is intensely competitive due to the presence of some key players, as well as many local and regional players. The vendors plan to make huge investments in brand entities, supply channel networks, marketing channels, and brand building strategies. Enormous small- and medium-sized manufacturers give stiff competition to established players in this market segment. In the running footwear market, a broad range of footwear is offered in multiple colors, designs, and prices to cater to the needs and purchasing abilities of individual consumers. There are diverse types of running shoes available in the market, such as minimalist running shoes, stability running shoes, neutral and cushioned running shoes, motion control running shoes, and trail running shoes.

Market growth in this segment will be faster than the growth of the market in the running footwear segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the running gear market size.

Running Gear Market: Segmentation by Geography

For more insights on the market share of various regions Request for a FREE sample now!

APAC was the largest running gear market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increased health and wellness concerns, coupled with growing participation in fitness activities, running events, training, and other sports activities will significantly drive running gear market growth in this region over the forecast period.

32% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for running gear in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Running Gear Market: Key Drivers and Trends

The online retail segment is growing in the developed countries in the Americas and Europe due to the rising number of smartphone users and growth in Internet penetration. A large number of consumers are purchasing products online due to the convenience it offers and the availability of heavy discounts, an option such as cash on delivery, and fast-delivery services. Our research analysis on the global running gear market has the growing online sales of running gear and running footwear as one of the major factors that will have a positive impact on the market’s growth. Vendors such as Nike are considering the consumers’ buying patterns to come up with better products. With vendors such as Nike, ASICS, SKECHERS USA, Under Armour, and adidas Group are using their own web portals to reach more consumers, the online sales of running gear will further increase in the coming years. 

The participation of enthusiasts in fitness activities like running is increasing in the Americas and this, in turn, is driving the adoption of running gear in this region. Boston Marathon and New York City Marathon are some of the most legendary and best-known marathons organized in the US to promote running and other physical activities. Moreover, the region is also witnessing the increasing popularity of themed races and obstacle events in countries such as the US. This will consequently drive the purchase of running gear including running clothes, running accessories, running tights, running shirts, running tops, and night running gear, in turn, fueling the growth of the running gear market.

Event-Tickets-Market-Report

Request for a FREE sample

Running Gear Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive running gear market growth during the next five years
  • Precise estimation of the running gear market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the running gear market industry 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 gear market vendors

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

Read More Read Less

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

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 Product

  • Market segments
  • Comparison by Product
  • Running footwear - Market size and forecast 2019-2024
  • Running apparel - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Offline - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • adidas AG
  • ANTA Sports Products Ltd.
  • ASICS Corp.
  • Columbia Sportswear Co.
  • New Balance Athletics Inc.
  • Nike Inc.
  • PUMA SE
  • SkechersUSA 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
Technavio

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
Technavio

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 gear market growth will increase by $10257.35 million during 2020-2025.
The running gear market is expected to grow at a CAGR of 5.42% during 2020-2025.
Technavio has segmented the running gear market by product (Running footwear, Running apparel, and Others) ,distribution channel (Offline and Online) , and geographic (APAC, Europe, North America, South America, and MEA).
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. are a few of the key vendors in the running gear market.
APAC will register the highest growth rate of 35.44% among the other regions. Therefore, the running gear market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the running gear market growth are:
  • Increasing number of anti-sweatshop campaigns
The running gear market vendors should focus on grabbing business opportunities from the running footwear segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Consumer Discretionary
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>