The latest report by IMARC Group, titled “Running Gear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global running gear market reached a value of US$ 36.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 55.8 Billion by 2027, exhibiting at a CAGR of 6.67% during 2022-2027.
Running Gear Market Overview:
Running gear represents the accessories and wearables that are worn by athletes and fitness enthusiasts while running or performing sports-related activities. It usually comprises of several athletic wear products, such as tights, goggles, gloves, shoes, jackets, etc. Running gear is manufactured from water-resistant materials that aid in preventing moisture and wind penetration. In line with this, it provides a protective layer, thereby reducing the chances of injuries and improving air circulation. Smart running gear devices, including heart rate monitors and smartwatches, enable individuals to track their fitness progress, thus assisting them in maintaining an enhanced motivational spirit during formal fitness training.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The rising consumer awareness towards the various associated advantages of exercising and physical fitness is primarily driving the running gear market. Moreover, the emerging trend of marathons is further stimulating the market growth. Apart from this, the leading manufacturers are collaborating with sports personalities and introducing dynamic marketing strategies to advertise and endorse their premium product variants, on account of the proliferation of e-commerce retail channels and social media platforms, which is acting as another significant growth-inducing factor.
Additionally, the escalating demand for comfortable running gear wearables, owing to the widespread adoption of running and other high-intensity activities, is also positively influencing the global market. Besides this, the development of aesthetically appealing designs with enhanced quality of fibers is anticipated to fuel the running gear market over the forecasted period.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Adidas AG
- New Balance
- Skechers USA, Inc.
- Amer Sports
- British Knights
- Columbia Sportswear Company
- Kering (Puma)
- Newton Running
- The Rockport Group
- Under Armour
- VF Corporation
- Wolverine World Wide
Key Market Segmentation Breakup by:
- Specialty and Sports Shops
- Supermarkets and Hypermarkets
- Department and Discount Stores
- Running Footwear
- Running Apparel
- Running Accessories
- Fitness Trackers
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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