Global Running shoes- Market Overview:
Running shoes are footwear specifically designed for running and jogging activities. These shoes are engineered to provide comfort, support, stability, and performance enhancement for runners. They typically feature cushioning to absorb impact, support to reduce stress on the feet and legs, and flexibility to accommodate the natural movement of the foot while running. High-profile athletes and influencers often endorse running shoes, contributing to their popularity among consumers. Many runners seek shoes designed to reduce the risk of injury, such as those with features like motion control for overpronation or stability for flat feet. Overall, running shoes play a crucial role in preventing injuries, enhancing performance, and maximizing comfort for runners of all levels
As per latest study released by AMA Research, the Global Running shoes- market is expected to see growth rate of 5.0%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The increasing fusion of fashion and lifestyle elements within running shoes
Market Growth Drivers:
Increasing preference for eco-friendly materials and sustainable manufacturing practices in running shoes. and Rising interest in health, fitness, and overall well-being is propelling the demand for running shoes
Challenges:
Ensuring the right fit and level of comfort for various foot shapes and sizes can be challenging
Restraints:
Poorly fitting shoes can contribute to long-term foot problems
Opportunities:
Advancements in materials, cushioning technologies and manufacturing methods
Competitive Landscape:
There is a significant demand for running shoes from consumers who participate in various forms of running activities, including jogging, marathon running, trail running, and casual running. As customers increasingly prioritize fitness and adopt running as part of their lifestyle. Manufacturers are constantly innovating and developing new technologies to enhance the performance, comfort, and durability of running shoes. These advancements, such as cushioning systems, lightweight materials, and improved traction, attract runners looking for the latest features to improve their running experience. Launching new running shoe models allows manufacturers to expand their product lines, reach new customers, and strengthen their brand presence in the competitive athletic footwear market.
Some of the key players profiled in the report are Balenciaga (France), Saucony (United States), Nike, Inc. (United States), Puma SE (Germany), Reebok International Ltd. (United States), Adidas AG (Germany), ASICS Corporation (Japan), Under Armour, Inc. (United States), New Balance (United States) and Brooks Sports, Inc (United States). Additionally, following companies can also be profiled that are part of our coverage like Lotto Spa (Italy), Fila Inc. (South Korea), SKECHERS USA, Inc (United States), Wildcraft (India) and Vans (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Running shoes- market by 2030. Considering Market by Price, the sub-segment i.e. Low will boost the Running shoes- market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Running shoes- market. Considering Market by Surface Type, the sub-segment i.e. Road will boost the Running shoes- market. Considering Market by End User, the sub-segment i.e. Men will boost the Running shoes- market.
Latest Market Insights:
In August 2023, Adidas launched its latest running shoe, the Switch FWD. The shoes are aimed at beginners and amplify the running experience for athletes across all skill levels., and In August 2023, ASICS, a sports footwear and apparel manufacturer, unveiled the latest edition of its flagship running shoes, the GEL-KAYANO 30 with cutting-edge adaptive technology.
What Can be Explored with the Running shoes- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Running shoes- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Running shoes-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Running shoes- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Running shoes- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.