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Running Apparel Market Size to Grow by USD 18.06 Bn at a CAGR of 6.08%|Offline segment is expected to witness lucrative growth | Technavio

NEW YORK, June 8, 2022 /PRNewswire/ -- The Running Apparel Market size is expected to grow by USD 18.06 billion with a YOY growth of 5.1% during the forecast period. One of the key factors driving the global running apparel market growth is the growing online sales of running apparelThe report offers an up-to-date analysis of the current market scenario and information from several leading manufacturers.

Technavio has announced its latest market research report titled
 Running Apparel Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

For more insights on YOY and CAGR, Request Latest Sample Report.

This market research report extensively covers Running Apparel Market by the following:

  • Distribution Channel- Offline Online
    • The offline segment's share of the running apparel market will expand significantly. Offline retailers offer a pleasant shopping experience as well as a wide range of products at competitive prices. As a result, these outlets support suppliers in expanding their consumer base, which will fuel market expansion in the coming years through this segment.
  • Geography - North America, Europe, APAC, Middle East and Africa, and South America
    • North America will account for 37% of the market's growth. In North America, the United States and Canada are the most important markets for running apparel. The market in this region, however, will grow at a slower rate than the market in other regions.
    • The increased popularity of fitness activities such as running in countries such as the United States will aid the expansion of the running apparel market in North America over the forecast period. This market research report includes thorough information on competitor intelligence, marketing gaps, and geographical prospects for suppliers, all of which will aid in the development of effective business plans.

Get more insights into this market's growth with a detailed analysis of the top regions, View our Sample Report!

Running Apparel Market Dynamics

Market Driver

The increased online sales of running apparel is one of the primary reasons driving the global running apparel market growth. Consumers in developed countries such as North America and Europe are adopting online purchasing. The rising markets of APAC and MEA are also likely to contribute significantly to worldwide market revenue. Consumers are drawn to online shopping for a variety of reasons, including low pricing, convenience, deep discounts, cash on delivery (COD) choices, and quick delivery. Nike Inc., Adidas AG, Under Armour Inc., and ASICS Corp. all have their own websites, which help sellers increase their online sales. 

Market Trend

One of the important running apparel market trends that is predicted to have a favourable influence on the industry in the projected period is digital and social media marketing. Manufacturers must design, market, and promote their sports gear through interactions with consumers on social media platforms in order to succeed in this fiercely competitive sector. Market participants use innovative marketing tactics on social media and digital platforms like Instagram, Facebook, Pinterest, YouTube, and Twitter to engage consumers. 

Market Challenge

Inconsistent raw material prices are one of the major obstacles to the global running apparel market's expansion. Because the startup costs are modest, there has been a recent surge of local participants. Price wars among competitors force worldwide suppliers to lower the pricing of their products, reducing their profit margins. Foreign currency fluctuations have a direct impact on the prices of raw materials like cotton and natural textiles. Furthermore, cost-conscious end-users would rather buy low-cost running clothes than invest much in major names. Such factors may stifle market expansion over the predicted period.

Our reports cover all the major factor that drives a market along with the challenges. To get a detailed understanding of the market trend, Download Sample Report Now!

Running Apparel Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.08%

Market growth 2022-2026

$ 18.06 billion

Market structure

Fragmented

YoY growth (%)

5.1

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

361 Degrees International Ltd., adidas AG, Amer Sports Corp., AnKT Shop, ASICS Corp., Brooks Sports Inc., Columbia Sportswear Co., Hanesbrands Inc., lululemon athletica Inc., Mizuno Corp., New Balance Athletics Inc., Newton Running Co. Inc., Nike Inc., PEAK, PUMA SE, Shop Li Ning, Skechers USA Inc., Under Armour Inc., VF Corp., and Wolverine World Wide Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Running Apparel Market Segmentation

  • Distribution Channel
    • Offline
    • Online
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • Middle East And Africa

Download Sample Report: to know additional highlights and key points on various market segments and their impact in coming years. 

Running Apparel Market Vendor

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • 361 Degrees International Ltd.
  • adidas AG
  • Amer Sports Corp.
  • AnKT Shop
  • ASICS Corp.
  • Brooks Sports Inc.
  • Columbia Sportswear Co.
  • Hanesbrands Inc.
  • lululemon athletica Inc.
  • Mizuno Corp.
  • New Balance Athletics Inc.
  • Newton Running Co. Inc.
  • Nike Inc.
  • PEAK
  • PUMA SE
  • Shop Li Ning
  • Skechers USA Inc.
  • Under Armour Inc.
  • VF Corp.
  • Wolverine World Wide Inc.

Find out the top market vendors, their competition and how they excel in the Running Apparel Market in our latest Sample Report. Download our Detailed Sample Report. 

Product Insights and News

  • adidas-group.com- The company offers running apparel such as Mens running Own the Run Tee and adidas Heat.RDY running tee.
  • amersports.com- The company offers advanced sports equipment, footwear, apparel and accessories which improve performances and increase the enjoyment of sports and outdoor activities.
  • asics.com- The company offers running apparel such as Womens race tank sleeveless shirts and Womens light short sleeve top.

Do reach out to our analysts for more customized reports as per your requirements. Speak to our Analyst now!

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Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

  • 5.1 Market segments
    • Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
  • 5.2 Comparison by Distribution Channel
    • Exhibit 26: Chart on Comparison by Distribution Channel
    • Exhibit 27: Data Table on Comparison by Distribution Channel
  • 5.3 Offline - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)
  • 5.4 Online - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Distribution Channel
    • Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 Canada - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.12 UK - Market size and forecast 2021-2026
    • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 adidas AG
    • Exhibit 89: adidas AG - Overview
    • Exhibit 90: adidas AG - Business segments
    • Exhibit 91: adidas AG - Key news
    • Exhibit 92: adidas AG - Key offerings
    • Exhibit 93: adidas AG - Segment focus
  • 10.4 ASICS Corp.
    • Exhibit 94: ASICS Corp. - Overview
    • Exhibit 95: ASICS Corp. - Business segments
    • Exhibit 96: ASICS Corp. - Key news
    • Exhibit 97: ASICS Corp. - Key offerings
    • Exhibit 98: ASICS Corp. - Segment focus
  • 10.5 Columbia Sportswear Co.
    • Exhibit 99: Columbia Sportswear Co. - Overview
    • Exhibit 100: Columbia Sportswear Co. - Business segments
    • Exhibit 101: Columbia Sportswear Co. - Key news
    • Exhibit 102: Columbia Sportswear Co. - Key offerings
    • Exhibit 103: Columbia Sportswear Co. - Segment focus
  • 10.6 lululemon athletica Inc.
    • Exhibit 104: lululemon athletica Inc. - Overview
    • Exhibit 105: lululemon athletica Inc. - Business segments
    • Exhibit 106: lululemon athletica Inc. - Key offerings
    • Exhibit 107: lululemon athletica Inc. - Segment focus
  • 10.7 Mizuno Corp.
    • Exhibit 108: Mizuno Corp. - Overview
    • Exhibit 109: Mizuno Corp. - Key offerings
  • 10.8 New Balance Athletics Inc.
    • Exhibit 110: New Balance Athletics Inc. - Overview
    • Exhibit 111: New Balance Athletics Inc. - Business segments
    • Exhibit 112: New Balance Athletics Inc. - Key offerings
    • Exhibit 113: New Balance Athletics Inc. - Segment focus
  • 10.9 Newton Running Co. Inc.
    • Exhibit 114: Newton Running Co. Inc. - Overview
    • Exhibit 115: Newton Running Co. Inc. - Product / Service
    • Exhibit 116: Newton Running Co. Inc. - Key offerings
  • 10.10 Nike Inc.
    • Exhibit 117: Nike Inc. - Overview
    • Exhibit 118: Nike Inc. - Business segments
    • Exhibit 119: Nike Inc. - Key news
    • Exhibit 120: Nike Inc. - Key offerings
    • Exhibit 121: Nike Inc. - Segment focus
  • 10.11 Under Armour Inc.
    • Exhibit 122: Under Armour Inc. - Overview
    • Exhibit 123: Under Armour Inc. - Business segments
    • Exhibit 124: Under Armour Inc. - Key offerings
    • Exhibit 125: Under Armour Inc. - Segment focus
  • 10.12 VF Corp.
    • Exhibit 126: VF Corp. - Overview
    • Exhibit 127: VF Corp. - Business segments
    • Exhibit 128: VF Corp. - Key news
    • Exhibit 129: VF Corp. - Key offerings
    • Exhibit 130: VF Corp. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 131: Inclusions checklist
    • Exhibit 132: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 133: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 134: Research methodology
    • Exhibit 135: Validation techniques employed for market sizing
    • Exhibit 136: Information sources
  • 11.5 List of abbreviations
    • Exhibit 137: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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