Home Apparel market Running Gear Market Expected to Grow USD 10.25 Billion | More than 17,000 Technavio research reports

Running Gear Market Expected to Grow USD 10.25 Billion | More than 17,000 Technavio research reports

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Key Market Dynamics:

  • market engine
  • Market challenges

the growing number of anti-sweatshop campaigns is one of the main drivers of the market. The growth of online stores is expected to increase rapidly over the forecast period due to internet penetration and growing number of smartphone users. Some of the factors that attract consumers to buy online are competitive prices, convenience, deep discounts, COD options, and fast delivery services. This also results in increased sales through the online channel. Also, growing internet penetration in developing economies is an indicator of online sales growth over the forecast period. This will also help the global undercarriage market to grow over the forecast period.

However, factors such as customization and personalization of running footwear and apparel. will challenge the growth of the market. Customization allows consumers to choose their own designs, styles and colors to get custom running shoes. For example, Nike offers the Nike Air Zoom Pegasus 34 GPX Id Running Shoe, which can be easily customized and customized by a buyer. Moreover, buyers can also personalize the products by incorporating the desired text and graphics on the shoes. This trend may contribute to the significant growth of the market over the forecast period. Sellers emphasize these strategies to build a larger consumer base.

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By product, the running equipment market has been segmented into running shoes, running apparel and others. the running shoe segment will experience significant growth in its market share over the forecast period. Running shoes refer to footwear designed for outdoor activities. The launch of innovative products with additional features may drive the growth of the market over the forecast period.

By geography, the undercarriage market has been segmented by APAC, Europe, North America, South Americaand MEA. APAC will be the leading region with 35% of the market growth during the forecast period. China and Japan are the key countries for the running gear market in APAC.

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Some companies mentioned ·

    • adidas S.A.
    • ANTA Sports Products Ltd.
    • ASICS Corp.
    • Columbia Sportswear Co.
    • New Balance Athletics Inc.
    • Nike Inc.
    • PUMA SE
    • Skechers United States Inc.
    • Under Armor Inc.
    • VF Corp.
  • To access more supplier profiles with their key offerings available with Technavio, click here

Related reports:

Online Footwear Market by Product and Geography – Forecast and Analysis 2021-2025

Flip Flops Market by Distribution Channel and Geography – Forecast and Analysis 2022-2026

Undercarriage Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 5.42%

Market Growth 2021-2025

$10.25 billion

Market structure

Fragmented

Annual growth (%)

4.92

Regional analysis

APAC, Europe, North America, South America and MEA

Successful market contribution

APAC at 35%

Main consumer countries

USA, China, UK, Germany and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

adidas AG, ANTA Sports Products Ltd., ASICS Corp., Columbia Sportswear Co., New Balance Athletics Inc., Nike Inc., PUMA SE, Skechers USA Inc., Under Armor Inc. and VF Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents:

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by product

  • Market segments
  • Comparison by product
  • Running shoes – Market size and forecast 2020-2025
  • Running Clothing – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by product
  • Market segments
  • Comparison by distribution channel
  • Offline – Market size and forecast 2020-2025
  • Online – Market size and forecast 2020-2025
  • Market opportunity by distribution channel

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • adidas S.A.
  • ANTA Sports Products Ltd.
  • ASICS Corp.
  • Columbia Sportswear Co.
  • New Balance Athletics Inc.
  • Nike Inc.
  • PUMA SE
  • Skechers United States Inc.
  • Under Armor Inc.
  • VF Corp.

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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