Running Shoes Market Infographics Description:
- The Infographic: Running Shoes Market was valued at US$ 13,166.2 Mn in 2019.
- Worldwide global running market is projected to reach US$ 18,861.9 Mn in 2029 at a CAGR of 4.0% from 2020 to 2029.
- Amongst product types, the maximalist shoe type in the global running shoes market is estimated to account for a majority revenue share of 37.2% in 2018 end, owing to the comfortable use and popularity in most of the runners across the world.
- Among all the application segments, the men running shoes are expected to register the highest CAGR of over 4.4%, owing to awareness about athletic activites and more number of men participation causing more demand for this segment.
- North America market is expected to dominate the global running shoes market and is expected to account for the largest market revenue share as compared to that of markets in other regions.
Running Shoes Market Leading Key Players Are
- Berkshire Hathaway (Brooks Sports)
- Asics
- Wolverine World Wide (Saucony)
- Deckers
- Adidas
- Under Armour Inc.
- PUMA SE
- Anta Sports (Salomon)
- New Balance Inc.
- VF Corporation (The North Face)
Growth Drivers and Strategic Developments
The running shoes market is witnessing robust growth, propelled by a combination of technological innovations, health and wellness trends, and demographic shifts. Recent technological advancements have significantly enhanced the functionality of running shoes. These include the integration of advanced materials for improved shock absorption and durability, along with modern features such as GPS tracking and biomechanical sensors. Such innovations cater to the increasing demand from tech-savvy consumers looking for a superior running experience.
Health and wellness trends have also played a pivotal role in boosting the running shoes sector, especially following the COVID-19 pandemic. There has been a noticeable increase in running as a preferred form of exercise, with many newcomers intending to continue post-pandemic. This surge is driven by a heightened awareness of fitness and well-being among the general population, sustaining the demand for specialized running footwear.
The appeal of running spans various demographics, making it inclusive of different age groups and fitness levels. Notably, the younger demographic, particularly those aged 25-34, has shown a significant inclination towards incorporating running into their lifestyle routines. This broad demographic appeal ensures a steady demand for running shoes, supporting sustained growth in the sector.
Customization and personalization of running shoes are becoming increasingly popular among consumers. Advances in manufacturing technology, such as 3D printing, allow for footwear that is tailored to individual preferences, running styles, and foot shapes. This trend not only enhances comfort but also helps in reducing the risk of injuries, appealing to a market segment that values bespoke products.
Furthermore, the shift towards eco-conscious consumerism has influenced the running shoes market. An increasing number of consumers now prioritize sustainability, opting for products made from eco-friendly materials. This shift is compelling brands to innovate and invest in sustainable practices, attracting environmentally conscious customers and reinforcing the market’s growth trajectory.
In summary, the running shoes market is expanding due to technological advancements, a strong health and fitness trend, demographic inclusivity, personalized consumer experiences, and a significant shift towards sustainable practices. These factors are collectively shaping a dynamic and growing market landscape.
