Global Running Footwear Market, By Product Type (Barefoot Shoes, Low Profile Shoes, Traditional Shoes, Maximalist Shoes, Others), Gender (Men, Women, Kids), Distribution Channel (Shoe Stores, Sports and Athletic Goods Stores, Supermarket, Hypermarket, E-commerce, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Running Footwear Market
Running footwear market size is valued at USD 24,369.72 million is expected to grow at a compound annual growth rate of 8% for the forecast period of 2021 to 2028. Running footwear market report analyses the growth, which is currently being growing due to the increased popularity of the various sports.
Running footwear or the shoes are specially designed for off-road travel and include a lot of design features which are not found on a road-specific model. Running footwear engross running or walking in an outdoor environment on a natural terrain as well as taking advantage of the geographical features.
The growing awareness towards the importance of fitness and the increasing involvement of countries in sports and games and is one of the primary factors driving the running footwear market growth rate. Moreover, the daily usage of running shoes and the easy availability of these shoes in a wide range of charges ranging from reasonably priced athletic shoes to highly luxurious athletic shoes is also fueling the growth of the running footwear market in the forecast period of 2021 to 2028.
Also the market is largely driven by the constant demand for trendy, comfortable and fancy footwear. Also, the increasing disposable incomes, proliferation of e-commerce, smartphones and mobile internet connectivity are also highly impacting the growth of the running footwear market. While, the rising ?r?f?r?n?? for l?ghtw??ght, ??mf?rt and ?t?l??h running ?h??? particularly for ??gg?ng or running ??t?v?t? ?m?ngst ?nd?v?du?l? is also one of the major factor driving the growth of the running footwear market in the above mentioned forecast period. In addition, the rising infrastructure for sports activities as well as the rising strong presence of various manufactures across the globe will further bring various opportunities that will lead to the growth of the running footwear market in the above mentioned forecast period.
However, the various health hazards caused during production and disposal of footwear as well as the high cost of the branded footwear are the major limiting factor for running footwear market, whereas the, presence of various counterfeits products have the potential to challenge the growth of the running footwear market in the forecast period of 2021 to 2028.
This running footwear market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on running footwear market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Running Footwear Market Scope and Market Size
Running footwear market is segmented on the basis of product type, gender and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the running footwear market is segmented into barefoot shoes, low profile shoes, traditional shoes, maximalist shoes and others.
- The gender segment of the running footwear market is segmented into men, women and kids.
- On the basis of distribution channel, the running footwear market is segmented into shoe stores, sports and athletic goods stores, supermarket, hypermarket, e-commerce and others.
Running Footwear Market Country Level Analysis
Running footwear market is analyzed and market size, volume information is provided by country, product type, gender and distribution channel as referenced above.
The countries covered in the running footwear market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the running footwear market because of the increasing enthusiasm among the citizens for sports, fitness and running activities in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increasing levels of disposable income, growing enthusiasm for participating in various sports event and increasing penetration of e-commerce within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Running Footwear Market Share Analysis
Running footwear market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to running footwear market.
The major players covered in the running footwear market report are PUMA SE, ADIDAS AG, Alpinestars, Dainese S.p.A, Nike Inc., BATA INDIA LIMITED, Guccio Gucci S.p.A., ZARA, Louis Vuitton Malletier SAS, C&J Clark International, ASICS Asia Pte. Ltd., Wolverine World Wide, Inc., DECKERS BRANDS, Under Armour, Inc., Anta Shop, Saucony, SKECHERS USA, Inc., Hush Puppies, FILA Luxembourg, S.a.r.l., and SPARCO S.P.A., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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