According to Custom Market Insights (CMI), the Global Running Shoe Market share was estimated at USD 15 Billion in 2021 and is expected to hit around USD 19 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 4% from 2022 to 2030.
Our research report offers a 360-degree view of the Running Shoe market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Running Shoe market.
Running Shoe Market: Overview
Running shoes or footwear are specifically made for off-road use and include many design elements that are not present in models made on roads. Jogging shoes are designed to be worn while running or strolling outside on a natural surface while also utilizing the local geography.
One of the main reasons influencing the growth rate of the global running footwear market is the rising awareness of the value of fitness and the rising participation of nations in sports and games. Additionally, the simple availability of running shoes in a wide variety of price points, from cheap athletic shoes to opulent athletic shoes, is fueling the growth of the market in the forecast period.
Browse the full “Running Shoe Market Size, Trends and Insights By Gender (Men, Women, Kids), By Product (Treadmill, Road, Trail, Mud, Snow), By Distribution Channel (Online, Offline), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 “ report at https://www.custommarketinsights.com/report/running-shoe-market/
The market is primarily driven by the ongoing desire for stylish, cozy, and expensive footwear. Additionally, the market for running shoes is growing as a result of rising disposable incomes, the expansion of e-commerce, cell phones, and mobile internet connectivity. At the same time, one of the key factors propelling the expansion of the running footwear market in the aforementioned forecast period is the increased preference for lightweight, comfortable, and stylish running shoes, particularly for jogging or running activity among individuals. Additionally, the expanding sports activity infrastructure and the growing strength of various manufacturers throughout the world will create a number of changes that will fuel the expansion of the running shoe market during the aforementioned projected period.
The market for Running Shoes is segmented into gender, product type, and distribution channel. Based on gender, in 2021, the men’s category had the highest revenue share—more than 55.0%. Until 2030, the market will be dominated by the category. As women’s interest in sports continues to rise, particularly in previously untapped countries, women’s footwear is increasingly catching up. In contrast to developing and undeveloped nations, most developed countries have a higher number of female athletes competing for their respective countries at important sporting events.
Additionally, compared to underdeveloped countries, industrialized countries have far higher levels of total fitness awareness among women. However, the situation is rapidly changing in emerging nations as a result of initiatives taken by the governments of those nations to encourage women to actively participate in sports and other fitness-related activities. In emerging markets, this is projected to significantly increase the sales of women’s athletic footwear.
On the front of distribution channels, the market share of sports footwear through the internet retail channel is anticipated to increase significantly over the following few years. Companies that make shoes are rapidly becoming more interested in growing their online presence. With a focus on online footwear sales, business models are revamping their strategy. Notably, companies like Nike and Adidas use the direct-to-consumer business strategy to sell their items online. The DTC approach enables businesses to establish direct contact with consumers, tailor the purchasing experience, and forge reliable connections.
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The market value for running shoes in North America will increase significantly between 2022 and 2030, according to the study. The rise of the industry will be encouraged by the United States and Canada’s growing e-commerce penetration. The millennial and generation Z populations spend a lot of money on athletic footwear.
Our market analysis includes a section specifically devoted to key players operating in the Running Shoe market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.
- 2022: According to ASICS, the GEL-KAYANO 29 running shoe will go on sale starting today. In order to develop a premium stability shoe that provides an energizing running experience, ASICS has now further enhanced the trainer, which is conceivably their most recognizable model.
Some of the prominent players
- Nike Inc.
- Adidas AG
- New Balance Athletics Inc.
- Under Armour Inc.
- Salomon Group
- Reebok International Limited
- Brooks Sports Inc.
- Mizuno Corporation
- Hoka One One
- Puma SE
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