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Global Running Gear Market 2017-2021

Global Running Gear Market 2017-2021

About Running Gear

Footwear, apparel, and other accessories used for running as well as related activities and events are considered as running gear products. The global sports footwear market is the most relevant market related to the global running gear market. The global sports footwear market is strongly competitive with the presence of numerous brands. There are distinct types of sports footwear based on different purposes such as athleisure, running shoes, court game shoes, cleats, gym and training shoes, and other sports footwear such as hiking shoes, aerobics shoes, golf shoes, and cricket shoes. Athleisure footwear is gaining popularity among consumer worldwide.

Technavio’s analysts forecast the global running gear market to grow at a CAGR of 2.89% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global running gear market for 2017-2021. To calculate the market size, the report considers the value sales of running gear products.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Running Gear Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • adidas Group
  • ASICS
  • New Balance
  • Nike
  • SKECHERS USA
Other prominent vendors
  • Amer Sports
  • Berkshire Hathaway
  • British Knights
  • Columbia Sportswear Company
  • Fitbit
  • Garmin
  • Kering (Puma)
  • NEWTON RUNNING
  • sequential brands group
  • The Rockport Group
  • Under Armour
  • VF Corporation
  • Wolverine World Wide
Market driver
  • Product innovation leading to category premiumization
  • For a full, detailed list, view our report
Market challenge
  • Increasing raw material cost impacting pricing strategy
  • For a full, detailed list, view our report
Market trend
  • Adoption of social and digital media platform for effective marketing strategies
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Running Gear Market 2017-2021

Technavio recognizes the following companies as the key players in the global running gear market: adidas Group, ASICS, New Balance, Nike, and SKECHERS US.

Other Prominent Vendors in the market are: Amer Sports, Berkshire Hathaway, British Knights, Columbia Sportswear Company, Fitbit, Garmin, Kering (Puma), NEWTON RUNNING, sequential brands group, The Rockport Group, Under Armour, VF Corporation, and Wolverine World Wide.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Adoption of social and digital media platform for effective marketing strategies. Digital and social media marketing are important marketing strategies for vendors to increase product and brand visibility. To compete in this intensely competitive market, it has become essential for manufacturers to develop, market, and promote their sports gear products through interactions with consumers on social media platforms. Consumers are engaged by market players using their innovative marketing campaigns on social media and digital platforms such as Instagram, Facebook, Pinterest, YouTube, and Twitter.”

According to the report, one of the major drivers for this market is Product innovation leading to category premiumization. Product innovation plays a vital role in the running gear market. This is because it helps the company to differentiate its products from other players and improve the performance of the participants. Advanced technical fabrications, innovative product design, and product development position running gear products such as running footwear as premium-priced products. At present, consumers demand innovative and high-quality products that are comfortable and could deliver high performance. Sports footwear is required for different sports such as basketball, football, rugby, trail running, golf, and other workouts and activities. Manufacturers introduce modern technology in running footwear category as per the requirements of a specific sport.

Further, the report states that one of the major factors hindering the growth of this market is Increasing raw material cost impacting pricing strategy. The increasing fluctuations in the profit margins of vendors in the running gear market are due to the growing prices of raw materials and strong competition among players, which makes it difficult for manufacturers to come up with a proper pricing strategy. Ethylene vinyl acetate (EVA), which is an elastomeric polymer, is the raw material used in the production of soles of sports footwear including running footwear. Fluctuations in the price of this material have a direct impact on the prices of running footwear and other specific sports footwear.

Companies Mentioned

adidas Group, ASICS, New Balance, Nike, and SKECHERS US, Amer Sports, Berkshire Hathaway, British Knights, Columbia Sportswear Company, Fitbit, Garmin, Kering (Puma), NEWTON RUNNING, sequential brands group, The Rockport Group, Under Armour, VF Corporation, and Wolverine World Wide.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Global sports footwear market 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Global running gear market: Overview
      • Table Global running gear market: Supply chain
    • Market size and forecast
      • Table Global running gear market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by distribution channel
    • Global running gear market by distribution channel
      • Table Global running gear market by distribution channel 2016 (% share of revenue)
    • Global running gear market through offline distribution channel
      • Table Global running gear market through offline distribution channel 2016 (% share of offline distribution channel's revenue)
    • Global running gear market through online distribution channel
  • Market segmentation by product
    • Global running gear market by product
      • Table Global running gear market 2016-2021 (% share of revenue)
    • Global running footwear market
      • Table Vendors offering running footwear
      • Table Global running footwear market 2016-2021 ($ billions)
      • Table Running footwear - Year-over-year growth 2017-2021 (%)
    • Global running apparel market
      • Table Vendors offering running apparel
      • Table Global running apparel market 2016-2021 ($ billions)
      • Table Running apparel - Year-over-year growth 2017-2021 (%)
    • Global market for other running gear
      • Table Vendors offering fitness tracker
      • Table Global market for other running gear products 2016-2021 ($ billions)
      • Table Product 3 - Year over year growth (%)
  • Regional landscape
    • Global running gear market by geography
      • Table Global running gear market by geography 2016-2021 (% share of revenue)
    • Regional comparison
      • Table Regional comparison
    • Americas - market size & forecast
      • Table Running gear market in the Americas 2016-2021 ($ billions)
      • Table Running gear market in the Americas 2017-2021 - Year-over-year growth (%)
      • Table Top 3 countries in Americas
    • EMEA - market size & forecast
      • Table Running gear market in EMEA 2016-2021 ($ billions)
      • Table Running gear market in EMEA 2017-2021 - Year-over-year growth (%)
      • Table Top 3 countries in EMEA
    • APAC - market size & forecast
      • Table Running gear market in APAC 2016-2021 ($ billions)
      • Table Running gear market in APAC 2017-2021- Year-over-year growth (%)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries 2016
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Adoption of social and digital media platform for effective marketing strategies
    • Growing integration of shoe knitting technology
    • Customization and personalization of running footwear and apparel
  • Vendor landscape
    • Competitive scenario
    • Key competitive strategies
    • Comparative analysis of key vendors
      • Table Key vendors: Benchmarking on geographical presence
      • Table Key vendors: Comparative analysis of product portfolio, product pricing, and geographical presence
  • Vendor analysis
    • adidas Group
      • Table adidas Group: Product segmentation 2016 (% share of revenue)
      • Table adidas Group: Geographical segmentation 2016 (% share of revenue)
      • Table adidas Group: Product portfolio in global running gear market
      • Table Adidas Group: Recent developments
    • ASICS
      • Table ASICS: Product segmentation 2016 (% share of revenue)
      • Table ASICS: Geographical segmentation 2016 (% share of revenue)
      • Table ASICS: Product portfolio in global running gear market
      • Table ASICS: Recent developments
    • New Balance
      • Table New Balance: Product portfolio in global running gear market
      • Table New Balance: Recent developments
    • Nike
      • Table Nike: Product segmentation 2017 (% share of revenue)
      • Table Nike: Geographic segmentation 2017 (% share of revenue)
      • Table Nike: Product portfolio in global running gear market
      • Table Nike: Recent developments
    • SKECHERS USA
      • Table SKECHERS USA: Business segmentation 2016 (% share of revenue)
      • Table SKECHERS USA: Geographical segmentation 2016 (% share of revenue)
      • Table SKECHERS USA: Product portfolio in global running gear market
      • Table SKECHERS USA: Recent developments
    • Other prominent vendors
      • Table Global running gear market 2016: Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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