Global Running Apparel and Footwear Market 2015-2019
About Running Apparel and Footwear
Running is considered to be the best exercise form as it helps in maintaining a healthy body weight. Running got popular in the late 1960s in North America and hit in Europe in the 1980s. In the recent years, the growing number of running events such as marathons in emerging economies has influenced the demand for running apparel and footwear. Major vendors are coming up with customized footwear to cater to customer requirements. Recently, the focus has shifted to the designing of lighter shoes that prove improved posture and extra support. Among its vast portfolio of athletic products, Under Armour, began to offer apparels with compression technology that helps in the regulation of body temperature, enabling the runners to be in a state of comfort during exercise. Nike is offering value-added fabrics that dry quickly and keeps the wearer warm and comfortable.
Technavio's analysts forecast the global running apparel and footwear market to grow at a CAGR of 6.28% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global running apparel and footwear market during the period 2015-2019. To calculate the market size, the report considers revenue generated from the worldwide sales of running apparel and running footwear. The report also considers revenue generated from various modes of distribution of these products.
Technavio's report, Global Running Apparel and Footwear Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, North America, and ROW. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Running Apparel and Footwear Market 2015-2019
Technavio recognizes the following companies as the key players in the global running apparel and footwear market: Adidas, ASICS, Nike, Puma and Skechers
Other Prominent Vendors in the market are: Amer Sports, Brooks, Columbia Sportswear, Eddie Bauer, Gap, Geox, Hanes, Ralph Lauren, New Balance, Under Armour, Ralph Lauren, Under Armour and VF
Commenting on the report, an analyst from Technavio’s team said: “The rising popularity of modern sportswear equipped with advanced technologies has prompted global manufacturers to develop new and innovative products to gain an edge over their competitors. Under Armour is designing apparel with "compression technology", which helps in the regulation of body temperature, and enhances comfort level during workouts or races. Another inventive product by the company is "coldblack technology," which protects athletes against sunburns. Similar innovations are also noted in the running footwear market. The "Flyknit shoe technology" developed by Nike uses synthetic yarn, which is woven collectively using a computerized system, to manufacture shoes. This sustainable product was manufactured specifically for athletes seeking lightweight shoes.”
According to the report, the availability of sustainable products has increased, driven by growth in environmental concerns worldwide. Consumers have become more conscious in monitoring the origin and manufacturing process of the products before making a purchase decision. Consequently, several manufacturers are offering sustainable products to suit the rising needs of consumers.
Further, the report states that the availability of low-quality and counterfeit products is a key concern for the players in the market, as it affects the profitability and image of the established brands.
Adidas, ASICS, Nike, Puma, Skechers, Amer Sports, Brooks, Columbia Sportswear, Eddie Bauer, Gap, Geox, Hanes, Ralph Lauren, New Balance, Under Armour, Ralph Lauren, Under Armour, VF