Running Gear Market Overview
The running gear market is predicted to rise at a healthy pace in the future years. The expansion of the running gear market has been propelled to a considerable part by increased work pressure in the private sector and increasing acceptance of fitness wearables in the field of medicine. Marathons are also growing more popular, with participation open to everyone rather than just elite athletes. Vendors are launching new product lines composed of high-quality textiles in response to the growing demand for comfortable and innovative running footwear and apparel. The adoption of advanced technology in the production of running footwear and apparel boosts the market's growth potential.
On the other hand, the increased availability of counterfeit and low-quality items, is a major source of concern for the major businesses, as it has a negative impact on their brand image and profitability in the market. Additionally, because the running gear market is price sensitive, rising raw material prices such as stainless steel, aluminium, brass, hardened steel, bronze, and cast iron are seen as a factor that could slow growth throughout the projection period. To overcome this limitation, key players modify the Gear's design, shape, size, and speed ratios as needed to be competitive in the market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product Type, Distribution Channel, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Adidas Group, New Balance, ASICS, Nike, Inc., Amer Sports, Skechers USA, Inc., Fitbit, Inc., British Knights, Newton Running, Puma NA, Under Armour Inc., VF Corporation, Garmin Ltd., The Rockport Group. |
Covid-19 Impact on Running Gear Market
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumer's purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
Running Gear Market Segment Overview
According to Product Type, Footwear is the most prominent segment in the global Running Gear market. By Distribution Channel, Online is one of the largest segments in the market. Furthermore, one of the primary reasons that will contribute to the market's growth is the increase in online sales of running footwear and gear. Running footwear, apparel, smart watches, smart wearables, and fitness trackers have all benefited from technological advancements.
Running Gear Market, By Product Type
· Footwear
· Apparel
· Fitness Wearable’s
· Software
· Others
Running Gear Market, By Distribution Channel
· Online
· Offline
Running Gear Market Regional Overview
In terms of region, throughout the forecast period, North America and the Asia Pacific are expected to be the largest revenue contributors to the market. North America commanded a major share of the market and is predictable to maintain its supremacy over the forecast period. This is because it is extensively used by sports persons. Moreover, the market in the Asia Pacific is expected to grow at a considerable rate in the coming years. Factors such as increased awareness of the benefits of leading a healthy lifestyle and the tremendous popularity of various running events, India, China, Japan, and other countries in the Asia Pacific are growing markets for running Gear and are likely to have the fastest development throughout the projection period.
Running Gear Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Running Gear Market, Key Players
· Adidas Group
· New Balance
· ASICS
· Nike, Inc.
· Amer Sports
· Skechers USA, Inc.
· Fitbit, Inc.
· British Knights
· Newton Running
· Puma NA
· Under Armour Inc.
· VF Corporation
· Garmin Ltd.
· The Rockport Group.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Running Gear market?
The adoption of advanced technology in the production of running footwear and apparel boosts the market's growth potential.
Q2. What are the restraining factors for the Running Gear market?
The increased availability of counterfeit and low-quality items, is a major source of concern for the major businesses, as it has a negative impact on their brand image and profitability in the market
Q3. Which segment is projected to hold the largest share in the Running Gear Market. ?
Online segment is projected to hold the largest share in the Running Gear Market.
Q4. Which region is holds largest share in the Running Gear market?
North America held largest share in the global Running Gear market
Q5. Which are the prominent players in the Running Gear Market?
Adidas Group, New Balance, ASICS, Nike, Inc., Amer Sports, Skechers USA, Inc., Fitbit, Inc., British Knights, Newton Running, Puma NA, Under Armour Inc., VF Corporation, Garmin Ltd., The Rockport Group. are some key players in the Running Gear Market
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Running Gear Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Footwear
- 5.2.2. Apparel
- 5.2.3. Fitness Wearable’s
- 5.2.4. Software
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 5.3.1. Online
- 5.3.2. Offline
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Running Gear Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Footwear
- 6.2.2. Apparel
- 6.2.3. Fitness Wearable’s
- 6.2.4. Software
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 6.3.1. Online
- 6.3.2. Offline
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Running Gear Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Footwear
- 7.2.2. Apparel
- 7.2.3. Fitness Wearable’s
- 7.2.4. Software
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 7.3.1. Online
- 7.3.2. Offline
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Running Gear Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Footwear
- 8.2.2. Apparel
- 8.2.3. Fitness Wearable’s
- 8.2.4. Software
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 8.3.1. Online
- 8.3.2. Offline
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Running Gear Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Footwear
- 9.2.2. Apparel
- 9.2.3. Fitness Wearable’s
- 9.2.4. Software
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 9.3.1. Online
- 9.3.2. Offline
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Adidas Group
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. New Balance
- 10.6. ASICS
- 10.7. Nike, Inc.
- 10.8. Amer Sports
- 10.9. Skechers USA, Inc.
- 10.10. Fitbit, Inc.
- 10.11. British Knights
- 10.12. Newton Running
- 10.13. Puma NA
- 10.14. Under Armour Inc.
- 10.15. VF Corporation
- 10.16. Garmin Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
