Running Apparel and Footwear Market in the US 2015-2019
About Running Apparel and Footwear
Growing awareness of health and fitness worldwide has increased the popularity of running as it is considered one of the best activities to enhance physical fitness. Marathons are also increasingly popular, with participation not restricted to athletes alone. The running apparel and footwear market caters to the demand generated by participation in running related events. Active consumers focus on purchasing technologically advanced apparel manufactured from lightweight and breathable fabrics. They also show a high inclination toward products with a casual and fashionable appearance. As a result, leading sports equipment manufacturers have begun developing running apparel and footwear that are stylish as well as functional.
Technavio’s analysts forecast the running apparel and footwear market in the US to grow at a CAGR of 5.92% in terms of revenue over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the running apparel and footwear market in the US for the period 2015-2019. To calculate the market size, the report considers revenue generated from sales of running apparel and footwear across various regions in the US.
Technavio's report, Running Apparel and Footwear Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the US; it also covers the landscape of the running apparel and footwear market in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Running Apparel and Footwear Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the Running Apparel and Footwear Market in the US: Adidas, ASICS, Nike, Puma, and Skechers
Other Prominent Vendors in the market are: Brooks, Columbia Sportswear, Eddie Bauer, Gap, Hanes, New Balance, Ralph Lauren, Under Armour, VF.
Commenting on the report, an analyst from Technavio’s team said: “The rise in demand for cost-effective and high-quality products that can improve the running skills of the consumer is encouraging market players to offer advanced and comfortable running products. For this reason, the focus on R&D has increased in the industry, and leading players are launching products with advanced technologies, which can improve the overall running experience.”
According to the report, Participation in various fitness activities, such as running and jogging, has increased along with the rise in the number of running events, such as marathons, half marathons, and triathlons, being organized throughout the country. The rise in the number of female participants is also helpful in propelling the growth of the running apparel and footwear market.
Further, the report states that the market is highly fragmented with the presence of several vendors. Leading vendors, such as Nike, Adidas, Puma, and ASICS, face increased competition from vendors offering low-cost products. Vendors are also witnessing a decline in their profit margins owing to the rising prices of raw materials and fluctuating labor costs.
Adidas, ASICS, Nike, Puma, Skechers, Brooks, Columbia Sportswear, Eddie Bauer, Gap, Hanes, New Balance, Ralph Lauren, Under Armour, VF