Global Running Apparel Market | Business Demand, Business Strategy, Growth And Forecast 2027
Running Apparel Market Overview:
The Running Apparel market research gives a detailed view of the competition, including the market share and company profiles of the major competitors in the global industry. The scope of the research includes a comprehensive examination of the Running Apparel Market, as well as the reasons for variations in the industry’s growth in various locations.
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Running Apparel Market size was valued at US$ 372.77 Mn. in 2021 and the total Running Apparel revenue is expected to grow at 6.2 % through 2022 to 2027, reaching nearly US$ 534.79 Mn.
Market Scope:
Following the completion of market engineering, which included calculations for market statistics, estimations of market size, market forecasts, market breakdown, and data triangulation, significant primary research was done to acquire information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up techniques, as well as many data triangulation methodologies, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all facts obtained over the whole market engineering process in order to provide essential information throughout the report.
Drivers:
The need for adopting fitness-related activities is increasing as a result of increasing workloads and changing lifestyles. Nowadays, more and more people are participating in marathons. Some of the key factors that are likely to boost the revenue growth of the global running apparel market over the forecast period include the continuous growth in participation levels of various sports and activities, including running, as well as the increase in the number of sporting events held annually around the world. Additionally, the gradual rise in demand for higher-quality, fashionable, lightweight, and comfortable running apparel across all demographic trends has prompted market participants to strive to offer the most affordable products that are produced using the most recent technological advancements, which is boosting market growth prospects in
Segmentation:
The segment for clothing and footwear is anticipated to experience the highest CAGR growth among all product types during the forecast period. For a variety of sports activities, consumers are increasingly looking for trendy sports footwear and apparel. Furthermore, the global demand for leisure products like running and cycling gear is being fueled by a continuing trend toward more active lifestyles. The growing popularity of activewear has influenced millennial parents’ preferences for athletic footwear. Parents adore dressing their kids in athletic clothing and footwear. As a result, there will be an increase in demand for running gear and footwear.
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Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers’ annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Running Apparel market are as follows:
• Adidas Group
• New Balance
• ASICS
• Nike
• Amer Sports
• Skechers USA
• Fitbit Inc.
• British Knights Newton Running
• Puma NA
• Under Armour Inc.
• VF Corporation
• Garmin Ltd.
• The Rockport Group
• Columbia Sportswear
• Wolverine World Wide
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Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Running Apparel market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Running Apparel Market:
End-user industries where Running Apparel are utilised saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Running Apparel manufacturers, influencing the development of the Running Apparel market in 2020. End-user business demand for Running Apparel has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Running Apparel Market Report are:
- In 2021, which segment held the highest proportion of the Running Apparel market?
- What is the Running Apparel market’s competitive landscape?
- What are the primary drivers assisting Running Apparel market growth?
- Which region has the most market share in the Running Apparel market?
- What will be the Running Apparel market’s CAGR throughout the projected period (2022-2027)?
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