Running Apparel and Footwear Market Size Predicted to Increase at a Positive CAGR | Adidas AG, ASICS Corp., Authentic Brands Group LLC

PRESS RELEASE
Published January 31, 2023

Global Running Apparel and Footwear Market Size study & Forecast, by Distribution Channel (Offline, Online) and distribution channel), by End User (Men, Women, Children) and Regional Analysis, 2022-2029, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Running Apparel and Footwear market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Running Apparel and Footwear market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Global Running Apparel and Footwear Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Running apparel is a clothing style that is designed to be worn at the time of sports activities such as running, jogging, and athletics. This apparel includes tights, vests, shirts and jackets, pants, shorts, and innerwear. Likewise, running footwear is a type of light, comfortable shoe that is primarily designed for running activities. The rising influence of athleisure and healthy lifestyle trends, increasing inclination towards sport & fitness activities, coupled with the growing number of women participating in fess and sports activities are propelling the market demand across the globe.

 

According to Statista, the sports activities of the sports club segment generate revenue of around USD 2.52 billion in Germany, which is projected to grow and is likely to reach USD 10.05 billion by 2025. Therefore, the rising traction of sports activities in a sports club is propelling the demand for running apparel and footwear, which is accelerating the growth of the market. Moreover, the growing availability of products on e-commerce platforms, as well as the rising inclination toward more active lifestyles are boosting the market demand in the forecasting years. However, the availability of counterfeit products is hindering market growth throughout the forecast period of 2022-2029.

 

The key regions considered for the Global Running Apparel and Footwear Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the space in terms of revenue, owing to the rising awareness about adopting healthy lifestyles and the increasing number of sports and fitness activities. Whereas, the Asia Pacific is expected to grow significantly during the forecast period. Factors such as increasing disposable income, increasing population, as well as growing healthy lifestyle trends are burgeoning the market growth in the forecasting years.

 

Major market players included in this report are:

  • Adidas AG
  • ASICS Corp.
  • Authentic Brands Group LLC
  • Berkshire Hathaway Inc.
  • Columbia Sportswear Co.
  • Deckers Outdoor Corp
  • Hanesbrands Inc.
  • Karhu Holding BV
  • Mizuno Corp
  • New Balance Athletics Inc.

 

Recent Developments in the Market:

In 2021, Nike declared the introduction of the company’s unique service to assist its combat waste titled “Nike Refurbished “at 15 stores across the United States. This initiative allows consumers to return their Nike shoes under 60 days of purchase and have their footwear sent to a specialist team. The service initially be rolled out on an experimental basis in the United States and then opened to the rest of the world.

In 2020, Puma unveils its New Cushioning Tec formed with MIT Design Lab, which debuted on its Lifestyle Running Shoe. Xetic is the new cushioning platform from Puma- an innovation that has the appearance of 3-D printing but is made with foam instead of plastic. With the introduction of this the sales volume of puma shoes to strengthen in the global market.

Global Running Apparel and Footwear Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

 

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Distribution Channel, End User, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

 

By Distribution Channel:

  • Offline
  • Online

 

By End User:

  • Men
  • Women
  • Children

Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

  • Market Behavior/ Level of Risk and Opportunity
  • End Industry Behavior/ Opportunity Assessment
  • Expected Industry Recovery Timeline

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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include:

  • Market Sizing and Structuring
  • Micro and macro analysis
  • Regional dynamics and Operational landscape
  • Demographic profiling and Addressable market
  • Legal Set-up and Regulatory frameworks
  • Profitability and Cost analysis
  • Segmentation analysis of Market
  • Existing marketing strategies in the market, Best practice, GAP analysis
  • Competitive landscape, Leading market players, Benchmarking
  • Future market trends and opportunities – Scenario modeling

 

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

 

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the:

  • Existing market infrastructures
  • Market challenges and opportunities
  • Potential for growth in certain industries in the coming years
  • End-consumer target groups and their potential volumes of operation
  • Best regions and segments to target
  • Pros and cons of various promotion models
  • Touch points and an opportunity breakdown within the value chain
  • Market size and growth rate during forecast period.
  • Key factors driving the Market.
  • Key market trends cracking up the growth of the Market.
  • Challenges to market growth.
  • Key vendors of Market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global Market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.

 

The Study Explore COVID 19 Outbreak Impact Analysis

 

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in Running Apparel and Footwear Market Report:

Global Running Apparel and Footwear Market Research Report
Section 1: Global Running Apparel and Footwear  Industry Overview
Section 2: Global Economic Impact on Running Apparel and Footwear  Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Running Apparel and Footwear  Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Running Apparel and Footwear  Market Forecast

……..and view more in complete table of Contents

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