According to the latest report by IMARC Group, titled “GCC Running Gear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the GCC running gear market is projected to grow at a CAGR of 6.7% during 2023-2028. Running gear refers to a range of clothing, equipment, and accessories designed specifically for running, jogging, and other types of aerobic exercise. Some standard products include running shoes, shorts, t-shirts, socks, jackets, vests, hats, and gloves. Apart from this, the running gear includes accessories, such as heart rate monitors, global positioning systems (GPS) watches, reflective gear, water bottles, headlamps, and energy gels, to help the runner track and monitor their progress. These products are fabricated from water- and scratch-resistant materials to minimize skin chafing and penetration by rain and wind. They provide cushioning and support, prevent blisters, track time and distance, and protect from the sun, allowing runners all levels of safety and comfort to partake in their activity, regardless of their level of experience.
GCC Running Gear Market Trends:
With escalating concerns regarding health and fitness, individuals are increasingly adopting running and other physical activities to maintain a healthy lifestyle. This represents the primary factor driving the running gear market in the region. The market is further supported by rapid urbanization, inflating disposable incomes, sedentary lifestyles, and hectic schedules of individuals. Besides this, widespread acceptance of running as a physical exercise and increasing consumer participation in running events, such as 5ks and half and full marathons, is fuelling the demand for running gear. Moreover, the increasing number of brand outlets in the region, combined with easy product availability across various online shopping channels with secure payment options and quick doorstep delivery, is contributing to the market growth. In addition to this, numerous product innovations, such as the introduction of high-quality, lightweight, breathable fabrics that reduce sweat and keep the wearer cool, along with the use of aesthetically appealing designs, are aiding in market expansion. Furthermore, the rising awareness about environmental sustainability among consumers is propelling the demand for running gear made from recycled and eco-friendly materials, which, in turn, is creating a positive outlook for the market. Concurrent with this, ongoing product premiumization, the adoption of aggressive advertising campaigns and extensive celebrity endorsements on social media platforms, and escalating demand for customized products tailored to individual needs and preferences are providing remunerative growth opportunities for the market.
- On the basis of the product, the market is segregated into running footwear, running apparel, running accessories, and fitness trackers.
- Based on gender, the market is categorized into male, female, and unisex.
- On the basis of the distribution channel, the market has been classified into specialty and sports shops, supermarkets and hypermarkets, department and discount stores, online, and others.
- Based on the region, the market has been segmented into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain.
- The competitive landscape of the industry has also been examined, covering the competitive structure and key player profiles.
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