Running Shoes Market 2019: Global Trends, Market Share, Industry Size, Growth, Opportunities, Forecast to 2025

This report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Introduction / Market Synopsis:

Running shoes are designed to provide stability to runners by having a built-up heel. Runners strike the ground first with different parts of their foot, depending on the individual. The foot strike can be at the forward part of their heel, the midfoot, or the ball of the foot. It involves running or walking in an outdoor environment on a natural terrain, taking advantage of the geographical features offered by each region. For this reason, running shoes are designed to tackle hard impacts, but are also lightweight and airy. The global Running Shoes Market is estimated to grow at a CAGR of +7% between 2019 and 2025.The global market size will reach US$ 17200 million by 2024, from US$ 12800 million in 2019.

Some of the prominent trends of the market are:

Changing lifestyle
Running shoes as fashion accessories
Increase in the participation of people in sports activities
Increasing awareness of health concerns and global branded products in this market
Increasing demand for trendy and comfortable running footwear among all age groups
Increasing variety of products, rising population, and increase in disposable income

The Running Shoes market is highly fragmented with companies focusing on leveraging online platforms for improving the visibility and reachability.

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Market Segmentation:

The Global Running Shoes market is broadly classified by Product Type, Application and Top Players / Brands. By product type, the market is broadly classified into Barefoot, Low profile, Traditional, Maximalist Shoes, and Others.

By application, the market is split into Men’s and Women’s Running Shoe.

The vendors increasingly prefer the offline retail formats such as specialty stores, department stores, hypermarkets, and warehouse clubs as these outlets result in increased product visibility, convenient shopping experience, a wide range of products from different brands, and competitive prices.

To determine the market segmentation, the report covers 20 key players (along with key players’ basic information, product category, sales volume, revenue, price and gross margin (%)) – to name a few:

Deckers
Montrail
LOWA
Tecnica
Adidas
Nike
Puma

The report covers market status, future forecast, growth opportunity, key market, and key players.

Regional Analysis:

In the report, by region, the global market is divided into United States, Europe, Asia Pacific (Japan, China, India, South East Asia), South America (Brazil), South Africa, and Others.

Conclusion:

The running footwear market is highly fragmented due to the presence of several international and regional vendors who offer a diverse range of products. The market is highly competitive and the vendors are increasingly focusing on product development and product differentiation to gain a competitive advantage over their competitors. Moreover, they are also engaging in digital and social media marketing to expand their geographical presence.

The production will reach 197400 K Pairs in 2021. The main consumption regions will be in North America, Europe, India and China.  Due to China and India, where vendors manufacture and export the footwear to regions like the USA and the UK, there is a rapid growth expected in this region.

……Continued

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