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Running Gear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global running gear market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to reach a value of US$ 58.3 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.

Running gear refers to the accessories and wearables worn by individuals while running or being engaged in related activities. It primarily includes athletic wearables such as shoes, gloves, jackets, tights, smart watches and goggles. Among these, products such as gloves and jackets are usually skin fit and made from water-resistant materials to prevent chafing of the skin and rain or wind penetration. Running gear also provides a protective layer, thus reducing the chances of any injury and also aids in better air circulation while performing any physical activity. On the other hand, smart running gear devices enable consumers to track their fitness progress, thus helping in keeping an enhanced motivational spirit during formal fitness training. 

Running Gear Market Trends:

A significant increase in the number of health-conscious consumers owing to the rising awareness about the advantages of exercising and physical fitness is one of the key factors contributing to the market growth. The widespread acceptance that running is one of the most effective forms of exercises has immensely contributed to the popularity of comfortable running gear products. Moreover, consumers are increasingly becoming inclined toward using advanced technologies owing to the rise in disposable income levels. This has lead to product premiumization and rapid inclusion of these products into consumers’ daily fitness activities such as jogging. Additionally, manufacturers are also incorporating fashionable designs and high-quality fabrics in running apparel to attract new consumers. Moreover, the rising global trend of running marathons and aggressive promotional activities by manufacturers across social media platforms are also contributing to the running gear market growth. 

IMARC Group’s latest report provides a deep insight into the global running gear market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global running gear industry in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global running gear market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, gender and distribution channel.

Market Breakup by Product:

  • Running Footwear
  • Running Apparel
  • Running Accessories
  • Fitness Trackers
     

Market Breakup by Gender:

  • Male
  • Female
  • Unisex
     

Market Breakup by Distribution Channel:

  • Specialty and Sports Shops
  • Supermarkets and Hypermarkets
  • Department and Discount Stores
  • Online
  • Others
     

Market Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Adidas AG, ASICS, New Balance, Nike, Skechers USA, Inc., Amer Sports, British Knights, Columbia Sportswear Company, Fitbit, Garmin, Kering (Puma), Newton Running, The Rockport Group, Under Armour, VF Corporation, Wolverine World Wide, etc.

 

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Running Gear Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product
    5.5    Market Breakup by Gender
    5.6    Market Breakup by Distribution Channel
    5.7    Market Breakup by Region
    5.8    Market Forecast
6   Market Breakup by Product
    6.1    Running Footwear
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Running Apparel
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Running Accessories
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Fitness Trackers
        6.4.1    Market Trends
        6.4.2    Market Forecast
7   Market Breakup by Gender
    7.1    Male
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Female
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Unisex
        7.3.1    Market Trends
        7.3.2    Market Forecast
8   Market Breakup by Distribution Channel
    8.1    Specialty and Sports Shops
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Supermarkets and Hypermarkets
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Department and Discount Stores
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Online
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Others
        8.5.1    Market Trends
        8.5.2    Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Europe
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Asia Pacific
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Middle East and Africa
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Latin America
        9.5.1    Market Trends
        9.5.2    Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
    13.1    Price Indicators
    13.2    Price Structure
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Adidas AG 
        14.3.2    ASICS
        14.3.3    New Balance
        14.3.4    Nike
        14.3.5    Skechers USA, Inc. 
        14.3.6    Amer Sports
        14.3.7    British Knights
        14.3.8    Columbia Sportswear Company
        14.3.9    Fitbit
        14.3.10      Garmin
        14.3.11      Kering (Puma)
        14.3.12      NEWTON RUNNING
        14.3.13      The Rockport Group
        14.3.14      Under Armour
        14.3.15      VF Corporation
        14.3.16      Wolverine World Wide

List of Figures

Figure 1: Global: Running Gear Market: Major Drivers and Challenges
Figure 2: Global: Running Gear Market: Sales Value (in Billion US$), 2015 - 2020
Figure 3: Global: Running Gear Market: Breakup by Product (in %), 2020
Figure 4: Global: Running Gear Market: Breakup by Gender (in %), 2020
Figure 5: Global: Running Gear Market: Breakup by Distribution Channel (in %), 2020
Figure 6: Global: Running Gear Market: Breakup by Region (in %), 2020
Figure 7: Global: Running Gear Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Running Gear Industry: SWOT Analysis
Figure 9: Global: Running Gear Industry: Value Chain Analysis
Figure 10: Global: Running Gear Industry: Porter’s Five Forces Analysis
Figure 11: Global: Running Gear (Running Footwear) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Running Gear (Running Footwear) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Running Gear (Running Apparel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Running Gear (Running Apparel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Running Gear (Running Accessories) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Running Gear (Running Accessories) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Running Gear (Fitness Trackers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Running Gear (Fitness Trackers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Running Gear (Male) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Running Gear (Male) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Running Gear (Female) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Running Gear (Female) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Running Gear (Unisex) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Running Gear (Unisex) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Running Gear Market: Sales through Specialty and Sports Shops Value (in Million US$), 2015 & 2020
Figure 26: Global: Running Gear Market Forecast: Sales through Specialty and Sports Shops Value (in Million US$), 2021-2026
Figure 27: Global: Running Gear Market: Sales through Supermarkets and Hypermarkets Value (in Million US$), 2015 & 2020
Figure 28: Global: Running Gear Market Forecast: Sales through Supermarkets and Hypermarkets Value (in Million US$), 2021-2026
Figure 29: Global: Running Gear Market: Sales through Department and Discount Stores Value (in Million US$), 2015 & 2020
Figure 30: Global: Running Gear Market Forecast: Sales through Department and Discount Stores Value (in Million US$), 2021-2026
Figure 31: Global: Running Gear Market: Online Sales (in Million US$), 2015 & 2020
Figure 32: Global: Running Gear Market Forecast: Online Sales (in Million US$), 2021-2026
Figure 33: Global: Running Gear Market: Sales through Other Distribution Channels Value (in Million US$), 2015 & 2020
Figure 34: Global: Running Gear Market Forecast: Sales through Other Distribution Channels Value (in Million US$), 2021-2026
Figure 35: North America: Running Gear Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: North America: Running Gear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Europe: Running Gear Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Europe: Running Gear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Asia Pacific: Running Gear Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Asia Pacific: Running Gear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Middle East and Africa: Running Gear Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Middle East and Africa: Running Gear Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Latin America: Running Gear Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Latin America: Running Gear Market Forecast: Sales Value (in Million US$), 2021-2026

List of Tables

Table 1: Global: Running Gear Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Running Gear Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Running Gear Market Forecast: Breakup by Gender (in Million US$), 2021-2026
Table 4: Global: Running Gear Market Forecast: Breakup by Distribution Channels (in Million US$), 2021-2026
Table 5: Global: Running Gear Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Running Gear Market Structure
Table 7: Global: Running Gear Market: Key Players

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Key Question Answered in this Report

 

The global running gear market was valued at US$ 39.6 Billion in 2020. 

We expect the global running gear market to exhibit a CAGR of 6.6% during 2021-2026.

 

 

The increasing consumer inclination towards running gear for reducing the risk of injuries while fitness training or sports events, represents one of the key factors catalyzing the global running gear market.

 

Sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of running gear. 

 

Based on the product, the global running gear market can be segregated into running footwear, running apparel, running accessories, and fitness trackers. Among these, running footwear currently holds the largest segment.

 

Based on the gender, the global running gear market has been bifurcated into male, female, and unisex. Currently, male exhibits a clear dominance in the market.

 

Based on the distribution channel, the global running gear market can be categorized into specialty and sports shops, supermarkets and hypermarkets, department and discount stores, online, and others. Among these, specialty and sports shops currently account for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

 

Some of the major players in the global running gear market include Adidas AG, ASICS, New Balance, Nike, Skechers USA, Inc., Amer Sports, British Knights, Columbia Sportswear Company, Fitbit, Garmin, Kering (Puma), Newton Running, The Rockport Group, Under Armour, VF Corporation, Wolverine World Wide, etc. 

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