What is Running Apparel Market?
Running Apparel is expected to grow significantly in the forecasted period owing to changing preferences of consumer and style and growing awareness coupled with the rise in demand from emerging countries. Running apparel refers to clothing, including footwear which is worn during sports or physical exercise. This is worn mainly for comfort or safety concern. The growing demand for trendy and fashionable sports apparel has led the companies to launch new products to cater to the demand of the customers. The increasing demand for trendy fitness apparel by the middle-aged individual's segment has increased in the past few years.
The market study is being classified by Type (Hats, Upper Garment, Under Clothing and Other), by Application (Professional Athletic and Amateur Sport) and major geographies with country level break-up.
Hanes (United States), NIKE (United States), PUMA (Germany), Adidas (Germany), V.F.Cooporation (United States), Puma (Germany), New Balance (United States), Skechers (United States), Amer Sports (Finland), ASICS (Japan) and Under Armour (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Mizuno (Japan), Lining (China) and Anta (China).
In Running Apparel Market the massive growth has been witnessed with a rise in the participation of women running these days which have a huge influence on different types and range of apparel. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Running Apparel market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Running Apparel market by Type, Application and Region.
On the basis of geography, the market of Running Apparel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Favourable Demographics and Rising Inclination Towards Trendy Sports Apparel
- Rising Government Initiative in Emerging Countries and Improve the Sport Participation
- Increasing Disposable Income
- Product Innovation Leading to Category Premiumization
Market Trend
- Eco-Friendly Products and Waterproof Running Clothes are Trending
Restraints
- High Price of Specialised Clothing
Opportunities
- Increased Women Participation in Fitness and Sports Preferring To Wear Sports Apparel
Challenges
- Increasing Raw Material Cost Impacting Pricing Strategy
- Rise in Counterfeit Products in Running Apparel
In 2018, Gildan.com has planned to expand the label's sales to the United Kingdom and then on to Europe, Canada and later Japan. This expansion is aimed at gaining higher sales revenue and reach USD 100 million.
Key Target Audience
Running Apparel Manufacturers, Running Apparel Suppliers, Raw material Suppliers, Government Bodies and Others